Atlassian rival Linear raises $82M at $1.25B valuation

Linear, a corporate software manufacturer that competes with many Atlassian products, announced on Tuesday that it had raised $ 82 million in a financing tour of the C series led by Accel.

La Ronde, which also participated in 01A, Sequoia, Seven Seven Six and the designer fund, values ​​linear at $ 1.25 billion and brings the company total to $ 134.2 million, According to Crunchbase.

Linear, based in San Francisco, built products designed to help developers of triage software and functionality requests, manage product development and press AI for aid coding. The startup claims to have more than 15,000 customers, including Openai, the AI ​​scale and perplexity, and it indicates that its profits increased by 280% last year.

CEO Karri Saarinen said to Reuters This new Linear financing will be devoted to the expansion of the company’s product portfolio and attract it greater business customers. Linear currently has a team of around 80 people, many of whom work remotely.