Formerly |
|
---|---|
Company type | Public company |
| |
Founded | 2005 |
Founders |
|
Headquarters | Bellevue, Washington, U.S. |
Products | Smartsheet |
Revenue | US$767 million (2023) |
US$−222 million (2023) | |
US$−216 million (2023) | |
Total assets | US$1.11 billion (2023) |
Total equity | US$486 million (2023) |
Number of employees | 3,191 (2023) |
Website | smartsheet |
Footnotes / references Financials as of January 31, 2023[update][1] |
Smartsheet Inc. is an American publicly listed company that develops and markets the Smartsheet application. As of 2022, it had over 2,600 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.[3] About a year after its founding, Smartsheet had raised $4 million in funding and had just nine employees.[4] By early 2012 it had raised $8.2 million in funding over three rounds and hired its first salesperson.[6][7]
After the Smartsheet software was redesigned in 2010, the company's revenues grew by more than 100 percent each year, for four consecutive years.[8] It raised $26 million in funding in December 2012[9][7] and another $35 million in May 2014.[6] 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]