Linear Raises $82 Million in Series C Funding Round
Linear, a San Francisco-based enterprise software maker competing with Atlassian, recently announced that it has secured $82 million in a Series C funding round. The funding was led by Accel and saw participation from investors such as 01A, Sequoia, Seven Seven Six, and Designer Fund. This latest round values Linear at $1.25 billion and brings its total funding to $134.2 million, according to Crunchbase.
Linear’s products are tailored to help developers manage software bugs, handle feature requests, oversee product development, and leverage AI for coding assistance. The company boasts a customer base of over 15,000 clients, including prominent names like OpenAI, Scale AI, and Perplexity. With a reported 280% growth in profits last year, Linear is focused on expanding its product offerings and attracting larger enterprise clients with the latest funding round.
In a statement to Reuters, CEO Karri Saarinen emphasized that the new capital infusion will support the company’s efforts to diversify its product portfolio and appeal to a broader enterprise audience. Currently employing a team of around 80 individuals, many of whom work remotely, Linear is poised for further growth and innovation in the competitive enterprise software market.
