Linear, an enterprise software program maker that competes with a lot of Atlassian’s merchandise, on Tuesday introduced that it raised $82 million in a Series C funding spherical led by Accel.
The spherical, which additionally had participation from 01A, Sequoia, Seven Seven Six, and Designer Fund, values Linear at $1.25 billion and brings the corporate’s complete raised to $134.2 million, in accordance with Crunchbase.
Linear, based mostly in San Francisco, builds merchandise designed to assist builders triage software program bugs and have requests, handle product improvement, and faucet AI for coding help. The startup claims to have greater than 15,000 prospects, together with OpenAI, Scale AI, and Perplexity, and it says that its earnings grew 280% final yr.
CEO Karri Saarinen informed Reuters that Linear’s new funding will probably be put towards increasing the corporate’s product portfolio and attracting bigger enterprise purchasers. Linear at the moment has a staff of round 80 individuals, a lot of whom work remotely.
