Airtable’s San Francisco office Airtable

Following a report from last month of Silicon Valley startup Airtable raising $100 million in new funding, This has now been confirmed with the startup having raised exactly just that from Benchmark, Thrive Capital and Coatue Management at a $1.1 billion valuation marking another entry into the unicorn club.

Airtable led by co-founder Howie Liu who currently services as CEO has now raised $162 million in total and counts 80,000 enterprise customers from the likes of Shopify, Box, Target, Medium, Netflix, Pinterest and Slack to small business firms.

Depiction of Airtable software Airtable

According to a Forbes report, revenue for this year is on track to jump 400% to $20 million mostly from word of mouth with little marketing spend. Airtable’s software enables collaboration on a database where users can easily customize and display link records to be used by other members.

Companies make use of it to streamline the work process and enable easy collaboration between employees while working on projects. Airtable backed with this new funding will spend very well on marketing and educating potential customers about its features according to CEO Liu.

Airtable CEO Howie Liu Airtable

Airtable co-founder and chief product officer Andrew Ofstad Airtable

Airtable co-founder and CTO Emmett Nicholas Airtable

This $100 million round comes on the heels of a hot VC market which has seen the likes of ServiceTitan, Nikola Motor, Instacart, Poynt and TripActions raise hundreds of millions of dollars recently. VC firms have raised billions of dollars and see fast growing companies as safe bets for investments. More investments like this are also expected in a market flooded with lots of capital from various firms.

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