smartsheet

As the public cloud market pulls back, VCs and founders alike must prioritize recurring revenue over sky high valuations that are often as mythical as the unicorns they’re named after.

The age of the centaur: $100M ARR is the new cloud valuation milestone

Lumos, a startup that wants to provide an end-to-end solution for enterprises to manage all of the SaaS apps their employees use, is coming out of stealth today. The company…

Lumos wants to build an app store for the enterprise

Facebook wants to make its Quest 2 headset a productivity device for a new generation of remote workers, but in order to pull that off, it needs apps. Today, Facebook…

Facebook opens Oculus Store to 2D progressive web apps

Featured Article

In public and private markets, cloud earnings and valuations heat up

This quarter, strong earnings results from public cloud companies were overshadowed by a seemingly endless IPO cycle. Another moment we somewhat missed over the last few weeks was the stock market pushing the value of public cloud companies to all-time highs. These events are connected. And they bode well for startups working on SaaS and…

7:55 am PST • December 11, 2020
In public and private markets, cloud earnings and valuations heat up
Startups

It’s holiday season for tech unicorns

11:00 am PST • December 5, 2020

Did you follow all of the unicorn news from the last couple of weeks? No? Here’s a list of headlines to catch you up….

It’s holiday season for tech unicorns

Featured Article

What happens when public SaaS companies don’t meet heightened investor expectations?

Late last week we discussed how, this deep into the earnings cycle, it appeared that public SaaS and cloud companies had largely made it through the Q2 gauntlet unscathed. Sure, through last week there was a report or two that wasn’t stellar, but by and large the results had been good and SaaS valuations were…

7:54 am PDT • September 3, 2020
What happens when public SaaS companies don’t meet heightened investor expectations?

Let’s take a look at how elevated stock prices remain and what that means for tech multiples, and then look at the January and February VC markets in U.S., China…

Public markets fall yet again as venture deal counts appear to slip

Profitability is tied to growth. You can have one or the other, but rarely both simultaneously.

The herd sours on unprofitable unicorns again

Startups are often associated with the benefits and toys provided in their offices. But what if the future of startups was less about physical office space and more about remote-first…

How we scaled our startup by being remote first

Smartsheet, the project management and collaboration tool that went public last April, announced the acquisition of Seattle-based TernPro, Inc., makers of Slope, a collaboration tool designed for sharing creative assets.…

Smartsheet acquires Slope to help creatives collaborate
Enterprise

Elastic’s IPO filing is here

12:06 pm PDT • September 5, 2018

Elastic, the provider of subscription-based data search software used by Dell, Netflix, The New York Times and others, has unveiled its IPO filing after confidentially submitting paperwork to the SEC in…

Elastic’s IPO filing is here

Insight Venture Partners has raised $6.3 billion for its latest (and largest ever) fund as technology investors continue to amass increasingly large war chests. In the wake of SoftBank’s massive $100…

Insight Venture Partners closes on its largest fund with $6.3 billion

It was a big day for enterprise tech IPOs, which have been on a roll in 2018. Today, not one but two enterprise tech companies, DocuSign and Smartsheet, saw their…

DocuSign closes up 38% and Smartsheet 30% in their debuts on Nasdaq and NYSE

A co-founder of Smartsheet, the enterprise collaboration startup that just filed for an IPO, is taking a hard right turn into the world of agriculture robotics. Brent Frei has been…

Smartsheet co-founder’s next project is a robotic rock picker-upper
Startups

Smartsheet files for IPO

12:40 pm PDT • March 26, 2018

Smartsheet is the latest company to file to go public, now that the IPO window is open.  The Bellevue, Washington-based company offers enterprise software for communication and collaboration. It describes itself…

Smartsheet files for IPO

Cloud-based communication and collaboration platforms are the name of the game today in enterprise software, and now one of the still-independent leaders in that space is announcing a significant round at a…

Collaboration platform Smartsheet nabs $52M at $800M valuation

While it seemingly came out of nowhere, Slack’s meteoric rise was no coincidence. Between its early focus on winning over developers who quickly became incredibly effective evangelists and its aggressive…

Predicting the next Slack: Finding sticky cloud apps with cult-like followings

Smartsheet, the spreadsheet-based project and work management platform, is now making it easier for companies to understand how their employees actually work (and who they mostly work with). Companies mostly…

Smartsheet Helps Businesses Visualize Themselves

A growing list of SaaS providers are launching Android apps. iPhone apps still dominate but the shift to mobile is forcing companies like Smartsheet to extend their mobile reach as…

Smartsheet Adds Android App For Collaborative Spreadsheet Service As Enterprise Warms To The Mobile Platform

Appirio has launched a new partner program for connecting cloud apps through CloudSpokes, its 72,000 member developer community. Apps increasingly need to connect to offer a workflow that can appeal…

Crowdsourcing Developers To Connect Apps Using Appirio CloudSpokes

Smartsheet, a company that develops a cloud-based collaboration tool for the enterprise, has raised $26 million from Insight Venture Partners and Madrona Venture Group. This brings the company’s total funding…

Cloud-Based Project Management And Collaboration Tool For The Enterprise, Smartsheet Raises $26M