Slack

Collaboration platform for team communication

San Francisco, California, United States

About Slack

Slack is a collaboration platform that helps teams communicate and work together more effectively. It provides tools for messaging, file sharing, and connecting with other applications, which allows users to streamline their workflows. Teams can create channels for different topics, send direct messages, and share documents all in one place. Slack also allows developers to build custom integrations using its APIs, which means users can automate tasks and enhance their experience with various third-party applications. Unlike many competitors, Slack offers a free version with limited features, making it easier for new users to try the platform before committing to a paid subscription. The goal of Slack is to improve productivity and communication within organizations of all sizes.

San Francisco, CaliforniaHeadquarters
2009Year Founded
$1,416.6MTotal Funding
IPOCompany Stage
Consumer Software, Enterprise SoftwareIndustries
1,001-5,000Employees

Benefits

Time off to rest, recharge and volunteer
Exceptional health-care coverage
Holistic programs for well-being, family planning and more

Risks

Microsoft Teams' rapid expansion threatens Slack's market share.
Economic downturns may lead to budget cuts affecting Slack's subscription revenue.
Privacy regulations like GDPR could impose additional compliance costs on Slack.

Differentiation

Slack offers a comprehensive suite of tools for seamless team collaboration.
The platform's Workflow Builder enables no-code automation for users with varying expertise.
Slack's robust security measures make it a trusted choice for enterprise communication.

Upsides

Increased demand for remote work tools boosts Slack's user adoption.
Slack Fund III invests $100M in startups, enhancing its ecosystem and future growth.
The trend towards platform unification benefits Slack's comprehensive suite of tools.