Slack Raises $160M Funding Round, Now Valued at $2.8B

Communication platform Slack keeps growing, with few signs of slowing. The company announced recently a $160 million round of funding, bringing Slack's total valuation to a staggering $2.8 billion.

Communication platform Slack keeps growing, with few signs of slowing. The company announced recently a $160 million round of funding, bringing Slack’s total valuation to a staggering $2.8 billion.

Slack has only been around for roughly a year and is becoming the communication mode of choice for many companies, including BuzzFeed, The New York Times, Adobe and Walmart Labs. Slack has more than 750,000 daily active users — 200,000 of whom are paying customers.

As recently as October, Slack raised a $120 million round of funding, getting them into the $1 billion valuation club.

Slack CEO Stewart Butterfield talked with The New York Times about the funding and the future of the company.

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