{"id":21813,"date":"2025-06-11T08:02:08","date_gmt":"2025-06-11T02:32:08","guid":{"rendered":"https:\/\/thecatalystonline.in\/thecatalyst\/linear-secures-unicorn-status-with-new-funding\/"},"modified":"2026-08-19T18:33:00","modified_gmt":"2026-08-19T13:03:00","slug":"linear-secures-unicorn-status-with-new-funding","status":"publish","type":"post","link":"https:\/\/thecatalystonline.in\/thecatalyst\/linear-secures-unicorn-status-with-new-funding\/","title":{"rendered":"Linear secures unicorn status with new funding"},"content":{"rendered":"\r\n

Enterprise software maker Linear<\/a> has raised an $82 million Series C funding round valuing the startup at $1.25 billion, the company said on Tuesday.<\/p>\r\n\r\n\r\n\r\n

Venture capital fund Accel led the round, with participation from existing investors 01A and Sequoia, and new investors Seven Seven Six and Designer Fund.<\/p>\r\n\r\n\r\n\r\n

Linear, a maker of software development and project planning tools, competes with Atlassian’s\u00a0project management tool Jira<\/a>. Linear said its profits grew 280% last year, and it now has over 15,000 customers, including buzzy AI companies OpenAI<\/a>, Scale AI and Perplexity.<\/p>\r\n\r\n\r\n\r\n

The 80-person, remote-first company will use its funding to build more products and attract larger enterprises to its customer base, said CEO Karri Saarinen<\/strong>.<\/p>\r\n\r\n\r\n\r\n

Linear focuses on specific product development use cases, a contrast to other tools that offer extensive customization but often overwhelm users, Saarinen said.<\/p>\r\n\r\n\r\n\r\n

For example, the company has specific functionalities around common software development workflows, such as a built-in “triage inbox” for software bugs and feature requests, and management for software development cycles, called sprints. It also has functionality for managing an AI like a team member, enabling humans and AIs to build software together effectively, something that is becoming common, Saarinen said.<\/p>\r\n\r\n\r\n\r\n

The company’s commitment to customer-first product development over a technology-first approach is a focus that has been overlooked in the AI era, Linear investor Miles Clements, a partner at Accel, said.<\/p>\r\n\r\n\r\n\r\n

“There are a lot of vendors that are pushing a lot of unwanted AI slop into the market, and the Linear team instead is clued into what users are looking for and then providing them something they want,” he said.<\/p>\r\n\r\n\r\n\r\n

Content Courtesy – Reuters<\/p>\r\n","protected":false},"excerpt":{"rendered":"

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