Smartsheet Secures Another $35 Million

May 9, 2014
By Jennifer Gehrt

This week was an exciting one with the work for our client Smartsheet, a leading provider of a collaborative work management tool that we and 42,000 other businesses use every day. On Monday, May 5, 2014, Smartsheet, already well on its way to changing the way that enterprises work, announced it has secured another $35-million round of financing. As part of this announcement, the company also unveiled the names of some of its largest enterprise customers—Google, U.S. General Services Administration (GSA), Netflix, Office Depot, Groupon, Intercontinental Hotels Group, Pearson, Unisource, Oceaneering, and McGraw-Hill Education, among others.

Reaction to the news was overwhelmingly positive, with coverage in more than 20 news outlets. In case you missed the news coverage, below we have included links to the articles.

I’d like to add how easy Smartsheet makes coordinating a significant announcement such as this. With the Smartsheet tool, we were able to review press lists simultaneously with VC partners, track editorial coverage and access and easily share assets such as images with journalists. We also used the tool to set up a master media interview schedule and share it with our client and VCs. An additional benefit of Smartsheet is that it can be accessed from multiple types of devices.

We are excited about upcoming enhancements and plans that Smartsheet has in the works. From our perspective, the tool just keeps getting better with new features including Resource Management. (We wrote about the Resource Management functionality, which Smartsheet added earlier this year, in a guest post featured on Cision’s website.)

Smartsheet’s Resource Management lets Communiqué PR’s team add allocation data to existing projects and tasks. This information is then compiled into a central sheet, where account managers can easily see all staffers’ project loads in one place. What could be more helpful!

Stay tuned for more news from Smartsheet. With funding totaling $70 million, a valuable product and happy paying customers, the company is well poised for success.