Israeli startup Monday.com Could Be Worth $4 Billion
Monday.Com is looking to a Nasdaq IPO.
Monday.Com, an Israeli startup which develops a team management platform, is looking towards an IPO on the NASDAQ exchange which would give it a $4 billion valuation. This according to a report in Calcalist.
Founded in 2012, the Tel Aviv based company specializes in project management, team management, SaaS, communication, production tracking, team collaboration, and work management.
Saas and cloud services are ever more important now due to the Covid-18 crisis. The Corona Virus pandemic has forced countless people away from their offices leaving them with a greater need for secure, efficient and simplistic services such as these.
Calcalist cited an anonymous source as stating that while no final decision has been made, an IPO is hoped for in the first half of 2020.
Just last September Forbes listed the Monday.Com at number 33 on its list of the top 100 cloud companies.
In May, Bloomberg reported that the company had reached a $2.7 billion valuation. We’re solving the same problems we used to solve, only now they’ve gotten more acute when working from home,” said Roy Mann, Monday.com’s co-founder and chief executive officer, at the time.
Recently Monday.Com revealed a new integration with Adobe. Its clients will be able to work together with Adobe Creative Cloud, without first needing to switch from one platform to the other.
The company declared that users will be able to streamline communications with peers, sort daily tasks by priority, access project briefs quickly, report on statuses, focus on the most impactful work, receive notifications once a project has been reviewed, and receive real-time feedback without switching between tools. Users will also be able to export files from select Creative Cloud apps to monday.com, without leaving their design environment.
Different teams need different workflow, so why should you use the same cookie cutter technology? With the monday #appsmarketplace, you can now find ready-made apps that fit your teams unique needs and push the boundaries of what you thought was possible.https://t.co/5TZ3Zs2LsM pic.twitter.com/CCuW4esGgO
— monday.com (@mondaydotcom) October 27, 2020
Now Monday.Com has launched its new apps marketplace. The company says that it allows users to power their workflows custom views, widgets, integrations, automations, and more.
Eran Zinman, co-founder and CTO of monday.com commented, “The launch of the marketplace is an incredible step in building a truly flexible Work OS for our users. As we experience new teams and verticals using monday.com all the time, there is even more demand for extended functionalities to support varied use cases.”
“There’s no better way to achieve that than empowering our community to build and share whatever they dream of. Now, hundreds of thousands of teams can optimize and expand their own work, while builders have the opportunity to share their apps with our entire user base.”
Read more about: IPO, monday.com, NASDAQ
