BELLEVUE, Wash.–(BUSINESS WIRE)–Smartsheet, the collaborative assignment administration apparatus acclimated by added than 42,000 advantageous organizations and millions of users worldwide, today appear it bankrupt a new annular of costs of $35 actor led by Palo Alto-based Sutter Hill Ventures. This costs will ammunition the amplification of the spreadsheet-inspired apparatus and capitalizes on the drive of wide-scale adoption, abnormally aural ample enterprises. Previous investors, Insight Venture Partners and Madrona Venture Group, additionally alternate in the round.
Over the accomplished year, Smartsheet added its action chump abject by 5x, which includes abounding of the world’s industry-leading organizations such as Google, The U.S. General Services Administration (GSA), Netflix, Office Depot, Groupon, Intercontinental Hotels Group, Pearson, Unisource, Oceaneering, McGraw-Hill Education, Bucknell University, Ecova, Extreme Networks, Red Hat, WestEd, and Wargaming.net. Smartsheet allotment now totals $70 million.
“We are attractive for companies that action ‘consumer-like’ apps but accept the ability of action solutions for analytic real-world business problems,” said Jim White, Managing Director at Sutter Hill Ventures. “Smartsheet has the artlessness of a spreadsheet but the ability of a database, activity administration and accord band-aid angry together. The viral attributes and abysmal acceptance aural enterprises is actuality accurate out with their absorbing agenda of customers.”
As allotment of the financing, White joins the Smartsheet Board of Directors. He currently serves on the boards
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