Queues has raised 8 million euros (about $8.7 million) to expand its cloud-based, artificial intelligence (AI)-powered spreadsheet app.
“There's never been a better time to build the future of spreadsheets,” the company said in a post on LinkedIn on Friday (May 24).
Queues will use the new funding to accelerate data integration, expand its AI capabilities and expand into its largest markets: the United States, the United Kingdom and Europe, Indigo Capital Partners, venture capital (VC) firms who led the funding round. , said in a press release.
Founded in 2017 by Torben Schulz and Humberto Ayres Pereira, Rows offers Fast Data Import, an AI analyzer that extracts learning from data and collaborative sharing features, according to the release.
The company aims to solve the challenges that business and marketing professionals often face when storing their data in the cloud, such as loading, analyzing and sharing it efficiently, the release said. , the release said.
The Rows spreadsheet app provides native integration with a wide range of marketing and business tools, an AI analyzer with a simple interface, and spreadsheets designed to be sleek and aesthetically pleasing, with every release. With.
“The latest funding round is a testament to the innovation and growing demand for Rows' unique approach to spreadsheets,” Indico Capital Partners said in the release. “With fresh capital and an impressive roster of investors, the Rows business and is poised to accelerate its mission to transform data workflows for marketing professionals.”
Stephen Morris, managing general partner at Indico Capital Partners, said in the release: “We have been following the company since its inception and now is the time to step in and add our knowledge and network to grow the product and Sales can be expanded on a global scale.”
PYMNTS Intelligence has found that there is an explosion of opportunities for next-generation automation tools to enter the spreadsheet world, particularly in support of the role of the Chief Financial Officer (CFO) as it advances document digitization and Workflow is about automation.
For example, 8 in 10 content management firms that currently operate without an automated non-payroll expense management system report that they are “very interested” in using one, “financial Improving Performance: Acceleration of Adoption of Spend Management Systems,” according to PYMNTS Intelligence and Airbase Collaboration.