Smartsheet Inc. Explained

Smartsheet Inc.
Type:Public company
Products:Smartsheet
Revenue: (2023)
Operating Income: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Num Employees:3,191 (2023)
Footnotes:Financials [1]

Smartsheet Inc. is an American publicly listed company that develops and markets the Smartsheet application. As of 2023, it had over 3,000 employees, and is headquartered in Bellevue, Washington.[2] The company was founded in the summer of 2005, shortly after co-founder Brent Frei sold his prior company, Onyx Software.[3] [4] [5] Initially it was funded mostly by Frei. About a year after its founding, Smartsheet had raised $4 million in funding and had just nine employees. By early 2012 it had raised $8.2 million in funding over three rounds and hired its first salesperson.

After the Smartsheet software was redesigned in 2010, the company's revenues grew by more than 100 percent each year, for four consecutive years.[6] It raised $26 million in funding in December 2012[7] [8] and another $35 million in May 2014.[9] In 2017, the company raised an additional $52.1 million in funding.[10] In 2018, it was announced that Smartsheet acquired Converse.AI, a Scotland-based company that develops software for creating business automation bots.[11]

The company began trading on the New York Stock Exchange on April 27, 2018.[12] In May 2019, Smartsheet announced it had acquired 10,000 ft, a SaaS platform that provides real-time resource and capacity planning.[13]

Executive Team

[14]

Notes and References

  1. Web site: Smartsheet Inc. Form 10-K for the fiscal year ended January 31, 2023 . March 22, 2023 . U.S. Securities and Exchange Commission.
  2. Web site: Martin . Dylan . A Seattle Tech Company Is Expanding to Boston With Plans to Hire 140 . BostInno . January 19, 2017 . March 2, 2017.
  3. Web site: Strauss . Karsten . Former Microsoft Analyst Wants To Disrupt MS Excel, Project . Forbes . March 12, 2013 . September 11, 2015.
  4. Web site: Cook . John . Bellevue startup gets $2.69 million financing deal . seattlepi . Hearst Seattle Media . June 14, 2007 . September 11, 2015.
  5. News: Hack . Greg . Arena designer Populous also manages events inside . The Kansas City Star . April 2, 2015 . September 13, 2015.
  6. Web site: 100 Best Companies to Work For 2014: Midsize Companies – Washington and Puget Sound Business News Source . Seattle Business Magazine . September 11, 2015. July 2014.
  7. Web site: Grant . Rebecca . Smartsheet gets $26M to keep enterprise workflow under control . VentureBeat . December 3, 2012 . September 11, 2015.
  8. Web site: Smartsheet Grabs $26M After 'De-Enterprising' its Collaboration Software. December 3, 2012. WSJ. subscription. September 11, 2015.
  9. Web site: Romano . Benjamin . Smartsheet Wins Big Customers, $35M From Sutter Hill Ventures . Xconomy . May 5, 2014 . September 11, 2015.
  10. Web site: Work management startup Smartsheet raises $52.1 million, claims a $852 valuation . VentureBeat . May 24, 2017 . June 1, 2017.
  11. Web site: Smartsheet acquires business automation chatbot startup Converse.AI VentureBeat. venturebeat.com. 16 January 2018.
  12. News: Software company Smartsheet spikes in IPO. Novet. Jordan. 27 April 2018. CNBC. 27 April 2018.
  13. Web site: Bellevue's Smartsheet Acquires Seattle Tech Company 10,000ft. 2019-05-02. Seattle Business Magazine. en. 2019-09-10.
  14. Web site: Leadership | Smartsheet .

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