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Slack Technologies

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Slack Technologies

Slack Technologies, LLC is an American software company founded in 2009 in Vancouver, British Columbia, known for its proprietary communication platform Slack. Outside its headquarters in San Francisco, California, Slack also operates offices in New York City, Denver, Toronto, London, Paris, Tokyo, Dublin, Vancouver, Pune, and Melbourne.

On June 20, 2019, Slack Technologies went public on the New York Stock Exchange via a direct stock listing. On December 1, 2020, Salesforce announced its acquisition of Slack for $27.7 billion. On July 21, 2021, the acquisition was closed.

The company goes back to the San Francisco-based startup Tiny Speck, which was headed by Stewart Butterfield, the co-founder of the photo-sharing site Flickr. Tiny Speck received angel funding of $1.5 million in 2009, followed by Series A funding of $5 million in 2010 from Accel and Andreessen Horowitz. A Series B round of $10.7 million was raised in 2011.

Tiny Speck's first product was a computer game called Glitch—a social MMORPG with highly stylized 2D graphics. The gameplay was described as follows: "players must learn how to find and grow resources, identify and build community and, at the higher levels of the game, proselytize to those around them". Glitch launched on September 27, 2011, but subsequently "unlaunched" on November 30 to improve gameplay.

In November 2012, it was announced that Glitch would be closed, effective December 9, 2012.

After the closure of Glitch, the company launched the Slack real-time collaboration app and platform, raising $17 million in funding from Andreessen Horowitz, Accel, and Social Capital. After the launch of Slack, the company renamed itself to Slack Technologies in August 2014. The name is an acronym for "Searchable Log of All Conversation and Knowledge". Slack had been an internal tool used for the development of Glitch.

The company raised $42.75 million in April 2014. In October 2014, the company raised $120 million in venture capital with a $1.2 billion valuation led by Kleiner Perkins and GV. Earlier investors Andreessen Horowitz, Accel, and Social Capital also participated in this round.

In January 2015, Slack announced the acquisition of Screenhero, a specialist in voice, video, and screen sharing. In March 2015, Slack signed a deal with investors to raise up to $160 million in a funding round that valued the company at $2.76 billion. New investors include Institutional Venture Partners, Horizons Ventures, Index Ventures, and DST Global.

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