monday.com

monday.com is a project management tool[2] that enables organizations to manage tasks, projects, and team work.[2] As of 2020, the company serves 100,000 organizations,[3] including many non-technical organizations.[4] In July 2019, the company raised $150 million, based on $1.9 billion valuation.[5] Monday.com won the 2020 Webby Award for Productivity in the category Apps, Mobile & Voice.[6]

monday.com
Formerlydapulse
TypePrivate
IndustryProcess management, Project management, productivity software, team management, Low-code development platform, No-code development platform
FoundedFebruary 2012 (2012-02) (as daPulse)
FoundersRoy Mann
Eran Zinman
Headquarters,
ServicesProcess management, Project management, productivity software, team management
Ownermonday.com, Ltd.
Number of employees
621[1]
Websitewww.monday.com

History

The product was created in 2010[7] as an internal tool in the Israeli company Wix.com.[8] In February 2012, the product left Wix to become a separate company named daPulse, with Roy Mann, former Wix employee as CEO.[9] By August that year, the company raised $1.5 million in seed funding.[9]

In June of 2016, the company announced the closing of $7.6 million in a Series A round.[10][11] The round was led by Genesis Partners, with participation from existing backer Entrée Capital.[10]

In April 2017, the company raised $25 million.[12] The round was led by New York-based firm Insight Venture Partners, with participation from existing Series A investors Genesis Partners and Entrée Capital.[13]

In November 2017, the company changed its brand name from daPulse to monday.com.[14]

In July 2018, the company raised a $50 million Series C funding round.[15] The round was led by New York-based growth equity firm, Stripes Group, with participation from existing Series A and B investors, Insight Venture Partners and Entrée Capital.

In July 2019, the company announced it raised a $150 million Series D round, bringing total funding to $234.1 million. The round was led by Sapphire Ventures with participation from Hamilton Lane, HarbourVest Partners, ION Crossover Partners and Vintage Investment Partners.[5]

The product

The product is a web and mobile app platform for work management, including tracking projects, deadlines, and team collaboration.[16] The product is customizable to fit a wide range of business operations, including R&D, marketing, sales, IT, customer support, HR and media production.[17] The platform's capabilities include more than 100 prebuilt automation recipes and over 50 integrations with other work apps.[18] Forrester, Inc. reports that "Monday.com excels at work management, delivering highly flexible planning and tracking capabilities."[19]

API

Version 1 of monday.com's API utilizes REST JSON Application Programming Interface (API). The API is capable of handling Cross-Origin Resource Sharing (CORS) requests and uses an API Token as authentication.[20]

Version 2 of their API is based on the GraphQL structure (an alternative to REST based API). As a result, the user can use the API to pull and/or alter data about users, updates, items, boards, tags and more.[21]

References

  1. monday.com's Profile Page on craft.co, May 2020
  2. Hot productivity startup Monday.com is making a bet on helping non-developers build apps to manage any kind of project, without coding, Business Insider, February 2020
  3. Monday.com wants to become your company’s Work OS, BestTechie, February 4, 2020
  4. Monday.com raises $150M more, now at $1.9B valuation, for workplace collaboration tools, TechCrunch, Ingrid Lunden, July 30, 2019
  5. Israel's New Top Unicorn: Monday.com Hits $1.9 Billion Valuation With $150 Million Raise, Alex Konrad, Forbes, July 30, 2019
  6. Kastrenakes, Jacob (20 May 2020). "Here are all the winners of the 2020 Webby Awards". The Verge. Retrieved 22 May 2020.
  7. daPulse הישראלית מגייסת 1.5 מיליון דולרים, August 1, 2012, Geektime
  8. Dapulse closes $7.6M Series A for its Project Management SaaS, June 23, 2016, TechCrunch, Steve O'Hear
  9. Standing On Its Own: Wix Spin-Off daPulse Scores 1.5m Series A For Its Internal Communications Tool, August 1, 2012, TechCrunch, Steve O'Hear
  10. Dapulse closes $7.6M Series A for its project management SaaS, June 23, 2016, TechCrunch, Steve O'Hear
  11. "Team management platform DaPulse raises $7.6m", June 26, 2016, Globes, Globes Correspondent
  12. Dapulse raises $25 million for its project management tool, April 6, 2017, VentureBeat, Bérénice Magistretti
  13. Israeli management software start-up Dapulse raises $25 mln, April 6, 2017, Reuters, Reuters Staff
  14. The project management startup dapulse is changing its name because people kept making fun of it, November 12, 2017, Business Insider, Becky Peterson
  15. Israeli Startup Monday Had To Change Its Name To Crack The U.S. Now Its Team Software Is Worth $550M, July 11, 2018, Forbes, Alex Konrad
  16. How Monday.com Grew 350% in 2016 Archived 2019-05-24 at the Wayback Machine, November 15, 2017, MarTech Series, Yolande D'Mello
  17. Israeli SaaS co dapulse raises $25m, April 6, 2017, Globes, Tali Tsipori
  18. Monday.com 2.0 workflow platform lets companies build custom apps, TechCrunch, February 2020
  19. The Forrester Wave™: Collaborative Work Management Tools For The Enterprise, Q4 2018, Forrester Research, October 24, 2018
  20. "daPulse". ProgrammableWeb. May 19, 2014.
  21. "monday.com". Feb 20, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.