Linear Raises $82 Million in Series C Round, Achieving $1.25 Billion Valuation

San Francisco-based developer tool provider Linear has successfully secured $82 million in its latest series C funding round, led by Accel. This capital injection boosts the company’s valuation to an notable $1.25 billion and brings its total funding raised to more than $134 million.

Revolutionizing Developer Workflows with Innovative Tools

Linear is dedicated to enhancing software development efficiency by delivering solutions that simplify bug tracking, feature management, and product roadmap planning. The platform also incorporates AI-driven coding support designed to speed up developers’ workflows and reduce manual overhead.

Expanding Clientele and Accelerating Revenue Growth

The company now serves over 15,000 organizations worldwide, including prominent tech firms like OpenAI and Scale AI.Last year alone, Linear experienced a staggering 280% surge in revenue-a clear indicator of the growing demand for streamlined engineering tools within the industry.

leveraging New Funds for Product Expansion and Market Penetration

This fresh capital will enable Linear to broaden its product suite while focusing on acquiring larger enterprise clients to deepen market presence. With a global team of approximately 80 employees-many working remotely-the startup plans significant scaling efforts both in personnel and technological innovation.

Navigating competition Amidst Industry Giants

As it competes against established players like Atlassian’s portfolio of products, Linear differentiates itself thru prioritizing speed and an intuitive user experience tailored specifically for engineering teams’ needs within complex enterprise environments.