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.
(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?