July 29, 2021

Nylas Raises $ 120 Million in Series C Funding – Latest News

Nylas, a San Francisco, Calif. based communications API platform for modern email, work scheduling and automation tools for developers and enterprises, has raised $ 120 million in funding from series C.

The round, which brought total funding to $ 175 million, was led by Tiger Global Management with participation from existing investors Citi Ventures, Slack Fund, 8VC, Round13 Capital, Scale Asia Ventures, and more, as well as new investors including Owl Rock Capital, a division of Blue Owl, Blue Cloud Ventures, and the individual contributions of Patrick Collison, co-founder and CEO of Stripe, and his brother John Collison, president and co-founder of Stripe, Sebastian Siemiatkowski, CEO of Klarna, and Tony Fadell, Founder of Nest and Director of Future Shape. Along with the funding, John Curtius, Partner at Tiger Global, will join the Nylas Board of Directors.

The company intends to use the funds to invest further and develop its integrated, productivity-driven developer experience, supporting the influx of developers and businesses using Nylas through the scale of its teams. from go to market, product advancement, engineering and customer support. organizations, accelerate investments in technologies that automate workflows and integrate technologies such as conversational AI / ML, sentiment analysis, natural language processing (NLP), optical character recognition (OCR) and intelligent inter-system automation.

Led by co-founder and CEO Gleb Polyakov, Nylas provides developers around the world with a platform to integrate email, work scheduling and automation functionality into their applications. With Nylas, developers from innovative companies like Upwork, Wix, Freshworks, Lever, Dialpad, Ceridian and Move.com have access to their end users’ communication data, to pre-defined workflows that automate daily tasks, to UI components / UX integrable for rapid front-end development and comprehensive security features, all delivered through a suite of APIs that facilitate integration.

FinPME

17/06/2021