airSlate has raised substantial funding over multiple rounds, supported by top-tier investors like G Squared, SVB, and Morgan Stanley Expansion Capital. The platform enables businesses to automate complex workflows, enhance productivity, and digitally transform operations using no-code technology and AI-powered bots.
What Is airSlate and What Does It Do?
airSlate, founded in 2006 by Borya Shakhnovich and Vadim Yasinovsky, is headquartered in Brookline, Massachusetts. The company provides a business automation platform that integrates no-code technology, AI, and pre-built bots to automate document workflows, contract management, e-signature, web forms, and more.
With a workforce of 501-1000 employees, airSlate offers products including airSlate, pdfFiller, signNow, and USLegal, enabling businesses to streamline operations, reduce manual effort, and improve overall productivity. Its platform supports subscription-based pricing, making automation accessible to organizations of all sizes. The company has raised $185M in funding, with a current valuation of $1.25B.
How Much Funding Has airSlate Raised?
1. Series A
- Amount Raised: $40M
- Date: July 2017
- Motivation: To support initial growth and develop airSlate's automation platform.
2. Series B
- Amount Raised: $40M
- Date: January 2021
- Lead Investors: Morgan Stanley Expansion Capital
- Motivation: To expand product offerings and accelerate market penetration.
3. Debt Financing
- Amount Raised: $50M
- Date: February 2021
- Lead Investors: Silicon Valley Bank
- Motivation: To provide working capital for scaling operations.
4. Series C
- Amount Raised: $51.5M
- Date: June 2022
- Lead Investors: G Squared
- Motivation: To expand automation capabilities, community engagement, and enhance productivity from business documents and data.
Total Funding Raised: $185 Million
Current Valuation: $1.25 Billion (as on Jun 2022)
Latest Funding Date: June 2022
Key Investors
1. G Squared
- Details: Growth-stage VC fund investing in dynamic companies with full lifecycle support.
- Investment Focus Areas: Technology, digital transformation, automation
- Notable Investments: 23andMe, Lyft, Palantir
2. Silicon Valley Bank
- Details: Provides financial services to startups and growth companies with deep innovation expertise.
- Investment Focus Areas: Technology, life sciences, venture capital
- Notable Investments: 8fig, Spiritt, Bright Machines, Claroty.
3. UiPath Ventures
- Details: VC arm of UiPath Inc., focusing on automation and digital transformation.
- Investment Focus Areas: Automation, enterprise software
- Notable Investments: airSlate
Where Is airSlate’s Headquarters?
airSlate is headquartered in Brookline, Massachusetts, United States, providing access to a robust tech ecosystem and enabling close collaboration with enterprise clients seeking workflow automation and no-code solutions.
What’s Next for airSlate?
airSlate is poised for accelerated growth, driven by the rising demand for no-code automation and AI-powered workflow solutions. With a user base exceeding 100 million, the company plans to expand automation capabilities, deepen its community engagement, and strengthen its partnership with UiPath.
The company may continue attracting additional funding to scale operations, innovate new tools, and maintain its leadership in the workflow automation and business process management space. Future challenges include staying ahead in a competitive automation market and integrating new features to meet evolving enterprise needs.
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