Monday.com (styled in lowercase as monday.com) is a

cloud-based Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mult ...

platform that allows users to create their own applications and

project management software Project management software (PMS) has the capacity to help plan, organize, and manage resource tools and develop resource estimates. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control ...

. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.

History

Monday.com was founded in 2012 by Roy Mann, Eran Kampf and Eran Zinman. By August of that year, the company, then called dapulse, raised $1.5 million in seed funding. The product was commercially launched in 2014. In June 2016, the company announced the closing of $7.6 million in a Series A round. The round was led by

Genesis Partners Genesis Partners is an Israeli venture capital firm, founded in 1996 by Eddy Shalev and Eyal Kishon. Overview Genesis Partners investment strategy is focused on early-stage Israeli innovation-driven technology companies. The company invests in c ...

, with participation from existing backer Entrée Capital. In April 2017, the company raised $25 million. The round was led by New York-based firm

Insight Venture Partners Insight Partners (previously Insight Venture Partners) is an American venture capital and private equity firm based in New York City. The firm invests in growth-stage technology, software and Internet businesses. History Insight Partners was fo ...

, with participation from existing Series A investors Genesis Partners and Entrée Capital. In November 2017, the company changed its brand name from dapulse to Monday.com. In July 2018, the company raised a $50 million Series C funding round. The round was led by New York-based growth equity firm,

Stripes Group Stripes (Stripes, LLC) is a private equity and venture capital firm based in Manhattan, New York, founded in 2008.

, with participation from existing Series A and B investors,

and Entrée Capital. In July 2019, the company announced it raised a $150 million Series D round, bringing total funding to $234.1 million. The round was led by

Sapphire Ventures Sapphire Ventures (stylized as SAPPHIRE) is a venture capital firm with offices in Menlo Park, San Francisco, Austin, and London. The firm is considered one of the world's premier venture capital firms. The firm primarily invests in Series B t ...

with participation from

Hamilton Lane Hamilton Lane is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investment solutions to its clients. In 2020, Preqin ranked the firm as the th ...

, HarbourVest Partners, ION Crossover Partners and Vintage Investment Partners. The funding gave the company a valuation of $1.9 billion, making it a

unicorn The unicorn is a legendary creature that has been described since antiquity as a beast with a single large, pointed, spiraling horn projecting from its forehead. In European literature and art, the unicorn has for the last thousand years o ...

. As of 2021, the company reported over it was serving 127,000 customers across over 200 business verticals. In May 2020, the company won the

2020 Webby Award The 2020 Webby Awards ceremony was posted online on May 19, 2020, and was hosted by Patton Oswalt. Named Webbys From Home, it recognized the best of Internet content. Due to the COVID-19 pandemic, the award ceremony was held virtually at the organi ...

for Productivity in the category Apps, Mobile & Voice. In May 2021, the company filed for a U.S.

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. The company went public on June 10, 2021.

Product

Monday.com is a customizable web and mobile work management platform, designed to help teams and organizations with operational efficiency by tracking projects and workflows, visualizing data, and team collaboration. It includes automation capabilities and supports integrations with other work apps.

API

Version 1 of Monday.com's API is a REST-based JSON API capable of handling

cross-origin resource sharing Cross-origin resource sharing (CORS) is a mechanism that allows restricted resources on a web page to be requested from another domain outside the domain from which the first resource was served. A web page may freely embed cross-origin images, ...

(CORS) requests and uses an API Token as authentication. Version 2 of their API is a

GraphQL GraphQL is an open-source data query and manipulation language for APIs, and a runtime for fulfilling queries with existing data. GraphQL was developed internally by Facebook (now Meta) in 2012 before being publicly released in 2015. On 7 No ...

API that allows users to pull and/or alter data about users, updates, items, boards, tags and more. In June 2020, Monday.com released its API to third-party developers. Monday.com's open

API An application programming interface (API) is a way for two or more computer programs to communicate with each other. It is a type of software interface, offering a service to other pieces of software. A document or standard that describes how ...

allows customers, partners or any third-party developer to build on top of the platform and extend its capabilities to fit the needs of different teams and organizations. Common use cases include custom views, dashboard widgets, automations, and integrations with other work apps.Steve Brooks
"Monday.com launches Apps Framework"
''Enterprise Times'', June 30, 2020

References

External links

* {{Task management software Software companies established in 2012 2012 establishments in Israel Software companies of Israel Collaborative software Project management software Task management software Israeli brands Companies based in Tel Aviv 2021 initial public offerings Companies listed on the Nasdaq