Slack is now valued at more than $1 billion after launching less than a year ago

Slack Technologies is the latest startup to join the billion-dollar valuation club.

Slack, a startup that builds tools for employees to communicate and collaborate in the workplace, announced Friday that it has raised $120 million in funding at a $1.12 billion valuation. The significant valuation and funding round, which was led by Kleiner Perkins and Google Ventures, is all the more notable considering the startup launched publicly less than a year ago

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“The world is in the very early stages of a 100-year shift in how people communicate, and we’re determined to push the boundaries,” Stewart Butterfield, Slack CEO and cofounder, said in a statement. “These next six to 18 months are going to be critical for growth, and this funding round gives us unlimited flexibility to ensure that Slack’s momentum will continue to pick up steam.” Read more...

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