![]() ![]() Web traffic: 71 percent monthly visits growth Industry: Analytics, Risk Management, CRM, Big Dataįunding : Recently raised $40 million Series C on April 7. Not to mention, the fintech industry at large is eager to automate and adapt to changing consumer demands. has shown us that the financial department is moving to a fully digital and automated workflow. Cinnamon is looking to help every finance department automate unstructured data for the finance industry (invoices, financial statements), into automated dashboards. AI is being applied to everything, but it’s not necessarily resulting in success in every industry. Why I’m watching: Cinnamon is an AI company out to enable AI-empowered enterprises with natural language understanding. Web traffic: 47 percent monthly visits growth Industry: Artificial Intelligence, Machine Learningįunding: Recently raised $13 million Series C on April 23. Without further ado, here is my list of five startups to watch (April 2020 edition) : Each month I dive into a few up-and-coming startups from the past month, filtering by two key indicators of momentum: recent funding rounds and significant influxes of new website visitors. To help you in your quest for opportunity, I’ve created “The Monthly Rundown” series. That means no matter how bleak the economic forecast might appear, there are pockets (deep pockets) of opportunity out there– now you’ve just gotta find ‘em. In just the last week, 284 funding rounds for a total of $23.1B were recorded in Crunchbase. Check out these recent funding rounds by Medable, Pivot Bio and Mojo Vision. And there are still many companies making impressive strides and securing funding. If you'd like to join us, we're hiring! Learn more about Figma and check out our open roles here.Although we saw a significant drop in global venture funding at the beginning of this year as COVID-19 took hold–from $27.1 billion in December, to $17.6 billion in February, a 35 percent decrease–March and April are showing signs of recovery. ![]() I’m so grateful for everything you do for Figma, for one another and for our community. We’ve laughed, cried, worked, and grown together. The past 16 months of the pandemic have been hard on all of us in different ways. The most important reflection I have for you today is: thank you. And to welcome everyone from students to the C-suite into a broader design community. We have an opportunity and responsibility to serve the community of designers who have helped us reach this point. And eventually, it will be about more products for more people to be creative and collaborate visually, no matter what their role. But above all, it’s about opening up access and empowering teams to think, feel and work in a design-first way. It means building expert tools for designers and also embracing every role involved in product development. ![]() Yes, it’s about multiplayer changing the way people work and build together. I'm almost nine years into working on Figma and yet I truly believe we're just getting started in pursuit of that vision. Our vision is to make design accessible to all. I’m grateful that many of our previous investors-Index, Greylock, Kleiner Perkins, Sequoia, and a16z-also participated in this Series E round. We will talk much more at FigNation today, but I wanted to share the news with you all that we’ve closed a new round of funding led by Durable Capital Partners along with new investors like Counterpoint Global (Morgan Stanley). Since we’ve always shared news like this with the Figma Community, we’re publishing the email here too. I sent the email below to the Figma team earlier today, ahead of FigNation (Figma’s weekly company all-hands). ![]()
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