Workplace collaboration startup Air Labs Inc. said today it has raised $12 million in funding to hire more people and invest more in product development. The Series A round was led by Tiger Global and included Lerer Hippeau, WndrCo, Slack Ventures, Red Sea Ventures and Advancit Capital along with individual investors Joe Thomas, Jenny Fleiss, Nic Jammet and Brian Lee.
Founded in 2017, Air offers a workplace collaboration tool that’s described as acting like a search engine and “Slack” for digital assets. The company’s software is designed to help “communicators” in fields such as marketing, sales and partnerships where visual collaboration is critical but where their creative assets are hidden across cloud storage.
Co-founder and Chief Executive Officer Shane Hegde said: “Our lesson this summer was that it’s difficult, but not impossible, to plan in uncertainty. Focus on your goals and improvise, improvise, improvise. My team found a way to do this time and again, and their creativity and persistence are the only reasons we’re still here. Resolve is now an integral part of our story and I hope our journey can help build confidence in your own.”