While the company was already gaining traction before the pandemic, this new era of remote work has accelerated its growth even more, Martin said. CLOCKWISE SLACK SOFTWARE"And so we started Clockwise in order to create a software system that uses the intelligence coming out of calendar, out of communications, out of things like Slack to better manage that shared resource." "Time as a shared resource inside the modern workplace is really a tragedy of the commons where everybody is able to take from each other, but nobody's watching out for that shared resource," Martin told Business Insider. Its extension can analyze someone's calendar and try to figure out the best times to schedule meetings in order to leave big blocks of time open.Īfter adding Clockwise, users can set preferences for things like which meetings can be moved and which ones need to stay at the current time. The basic idea of Clockwise is to give workers more time to focus. Growth in the remote work era and long term product vision CLOCKWISE SLACK FREEThe new funding will be used to expand the product and launch a paid plan - right now, it's free and works exclusively with GSuite - and grow the team from 20 people. Pitchbook estimated a $37 million valuation at the time, which would give Clockwise a roughly $111 million valuation now. While Martin declined to share Clockwise's valuation, he said that it increased 3x from its previous funding round last June. CLOCKWISE SLACK SERIESThe company intends to keep the momentum going and just raised $18 million in Series B funding led by Bain Capital Ventures, with existing investors Accel and Greylock participating as well, bringing its total funding to $31.6 million. He left Salesforce in 2016 to start Clockwise along with his current cofounders Gary Lerhaupt and Mike Grinolds.įour years later Clockwise has started to make a name for itself in Silicon Valley, with fans at Slack, Asana, and Spotify. That led Martin to realize that this was an issue plaguing employees regardless of where they worked, giving him the idea for a smart calendar extension to helps people schedule their work lives more effectively. CLOCKWISE SLACK FULLWhen looking at the engineer's calendar, he realized that the man's day was so full of meetings that he didn't have large blocks of time to go "heads down" and work. The problem continued after Salesforce acquired RelateIQ in 2014: For example, as an engineering manager at Salesforce, Martin saw that one of his best employees was often having to take work home. When Matt Martin was an engineer at big data startup RelateIQ he, and his colleagues often ran into the same problem: They were inundated with meetings and struggling to find time to do their actual work. Click here to read more BI Prime stories.
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