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: 1) by pdfernhout on Wednesday September 20 2017, @03:37AM (1 child)
By me: http://www.pdfernhout.net/reasons-not-to-use-slack-for-free-software-development.html [pdfernhout.net]
What if the Clojure community tried MatterMost or Matrix.org?
The biggest challenge of the 21st century: the irony of technologies of abundance used by scarcity-minded people.
(Score: 2) by VLM on Wednesday September 20 2017, @12:35PM
I'm sure it would work, but its the dreaded network effect where ten guys go on slack and you can guess where the eleventh and following go.