Slack valued at $2.8 billion barely a year after launching publicly

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Slack just blazed its way to a multi-billion valuation.

The workplace communication and collaboration service confirmed on Thursday that it has raised another $160 million in funding at a post-funding valuation of $2.8 billion, more than doubling its valuation in a matter of months.

Slack, which was founded in late 2013 and launched publicly early the following year, previously raised $120 million in funding last October at a valuation of $1.12 billion.

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“We take a very long view of both the opportunity before us and the company we want to build. We’re still at the beginning of a major transition in how people communicate and work together,” Stewart Butterfield, Slack's CEO, said in a statement. Read more...

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