Linear, an enterprise software company competing with Atlassian, secured $82 million in a Series C funding round led by Accel, increasing its total funding to $134.2 million. This round values Linear at $1.25 billion and is aimed at expanding its product portfolio, enhancing services for larger enterprise clients. Linear's software assists developers in managing software bugs and feature requests while leveraging AI for coding support. With over 15,000 customers, including notable names like OpenAI, the company saw a remarkable 280% growth in profits last year.
CEO Karri Saarinen shared that the new funding will be put toward expanding Linear's product portfolio and attracting larger enterprise clients in the market.
With a valuation of $1.25 billion, Linear's Series C funding continues its impressive growth, reporting a 280% profit increase last year and 15,000 customers.
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