Hello, tech lovers! Today, we’re diving into an exciting funding story involving Linear, a startup that’s shaking up enterprise software.

Linear, based in San Francisco, recently announced it secured $82 million in a Series C round led by Accel. This new investment values the company at $1.25 billion and boosts its total funding to over $134 million.

The startup develops tools that help developers manage bugs, features, and product development, often incorporating AI assistance. It boasts over 15,000 clients, including AI leaders like OpenAI, and has seen a growth of 280% last year.

CEO Karri Saarinen shared that the new funds will go toward expanding product offerings and onboarding larger enterprise clients. The team is relatively small, with around 80 remote workers making this a truly modern enterprise.