Smartsheet, which provides a Software as a Service (SaaS) to help businesses better manage and automate their productivity tools, today announced funding of $52.1 million in a round led by Insight Venture Partners.
Businesses use Smartsheet to assign tasks, track project progress, manage calendars, share documents, and manage other types of work. The service integrates with various business systems and cloud applications, such as Atlassian, Box, and Salesforce, to enable seamless data sharing.
Read more here: https://venturebeat.com/2017/05/24/work-management-startup-smartsheet-raises-52-1-million-claims-a-852-valuation/
In response,
@Zeroshiki
Hm, I question what's this about because viewing Smartsheet by company formation is not a startup. In fact, Smartsheet (company) is about five years old. This must have been a press release, but considering the source may preclude a change in partners which put out the valuation PR. Beware of valuation because taken at face-value every company is over-valued. For example, Apple Corporation valued at $800Bln is more truly valued no greater than $1Bln. Valuations over $3Bln no longer seek public domain, rather it became a U.S. Federal Reserve holdings company.
Thank you,
@Sphap-steemit