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Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company's valuation to $5.1 billion.
The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack's total funds raised to $841 million, the enterprise messaging operator said in an emailed statement.
The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing, Slack Chief Executive Stewart Butterfield said.
Also at TechCrunch and Bloomberg.
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Grelb's Reminder:
Eighty percent of all people consider themselves to be above
average drivers.
(Score: 2) by JoeMerchant on Tuesday September 19 2017, @09:46PM (1 child)
Sad to say, but this same service named something more "businesslike" like, say, "MSN messenger" or something, probably would never have gotten much market traction or adoption at all.
🌻🌻 [google.com]
(Score: 2) by acid andy on Tuesday September 19 2017, @09:58PM
Oh, you mean like "HipChat", right? :D
My post was meant to be a lame joke referencing "tight" versus "slack" but I think it mostly failed.
Come to think of it, that other one sounds like some kind of raunchy dating app! Let your hips do the talking baby!
If a cat has kittens, does a rat have rittens, a bat bittens and a mat mittens?