Everyone says software is dead. SaaS startup Linear just doubled its valuation to $2.5 billion.

Image for article Everyone says software is dead. SaaS startup Linear just doubled its valuation to $2.5 billion.
News Source : Business Insider

News Summary

  • Linear completed an employee tender offer at a $2.5 billion valuation, with Accel leading the deal.
  • The transaction is a secondary sale, meaning $99 million went to employees rather than Linear's balance sheet.
  • It also doubles the $1.25 billion valuation Linear reached in a Series C funding round led by Accel last year.
  • Linear's 40,000 paying customers include OpenAI, Salesforce, Cursor, Coinbase, Figma, Ramp, Yahoo, and Oscar Health.
Linear cofounders (left to right) Jori Lallo (CPO), Karri Saarinen (CEO), and Tuoman Artman (CTO).Photo courtesy of Linear. Linear is a startup that makes product management software.

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