logo
logo

Clockwise Raises $18M in Series B Funding Led by Bain Capital Ventures

Clockwise Raises $18M in Series B Funding Led by Bain Capital Ventures

06/16/20, 4:04 PM
Money raised
$18 million
Round Type
series b
Clockwise, the smart calendar assistant, today announced an $18M Series B funding round, led by Bain Capital Ventures. Ajay Agarwal at Bain Capital Ventures joins the board of directors, along with existing investors, Steve Loughlin at Accel and John Lilly at Greylock Partners, who also participated in this round. The Series B investment brings the company’s total funding raised to $31.6M and builds on the company’s momentum, including 87 percent growth in signups since the beginning of 2020. The financing will be used to grow the Clockwise team and continue innovating in the workplace calendar space.

Company Info

Company
Clockwise
Additional Info
Martin says Clockwise differs from other smart calendar platforms because the company is creating a new category it calls “time orchestration,” a modern way to bring schedules together at the organizational level. The company is hiring across all of its departments, with 25 open positions and another 100 openings planned for this year.In terms of the future He says although Clockwise is currently only designed to manage internal meetings, the platform could dramatically improve the broader scheduling experience in the future.“We’re investing in advanced AI and ML models to both create Focus Time and power high-quality meetings,” Martin said. “Clockwise has a lot of exciting new products and enhancements ahead, including bringing this new way of working to the hundreds of millions of people using Microsoft 365.” The company announced its $11 million Series A investment, which was co-led led by Greylock and Accel, in June 2019. Clockwise uses artificial intelligence to help teams free up their workdays and avoid the challenges associated with remote and hybrid workplaces, such as burnout. ”Clockwise will use this latest investment to advance its AI technology and continue to bring its platform to more teams across the globe. “Clockwise is the solution to the modern workday,” Clockwise CEO Matt Martin told TechCrunch in an email.

Related People