Popular Coding Q&A Site Stack Overflow Raises $85 Million To Double Down On Teams Software Business

With the funding, Stack Overflow plans to focus more on another part of its business: a software-as-a-service version of its tooling popular with companies going through digital transformations. That product, Stack Overflow for Teams, was announced in 2018 and works as a private version of the Stack Overflow site, providing internal communication and documentation that makes it function like an internal repository for sensitive company knowledge.

Teams is currently used by thousands of companies, including startup Zapier and corporations Bloomberg and Microsoft, Stack Overflow says, and has doubled its revenue each year since its launch. The startup forecasts that Teams will account for about one third of its overall revenue in 2020; Stack Overflow says annual recurring revenue for the product is expected to reach $27 million this year.

Stackoverflow series B?

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

AI sensor startup Density raises $51 million to help businesses reopen - Business InsiderDensity, a startup using AI-powered sensors to help universities and meat packing factories make sure social distancing is being enforced, raises $51 million in a round led by Kleiner Perkins
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Sex tech startup Blueheart raises $1 million in seed funding round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »