Coefficient, the no-code solution enabling business teams to work with real-time data directly from spreadsheets, announced it has raised $6.7M in seed funding led by Foundation Capital.
Already being used by the likes of Uber, Spotify, Unity, Klaviyo, Miro and Contentful, the firm is seeking to equip all users with the tools to build dashboards, collaborative workflows and internal apps with two-way data connectivity to their cloud systems, all from their spreadsheet.
Coefficient co-founder and CEO Navneet Loiwal said:
“We are on a mission to empower every business user to build automations and workflows on live data from their company’s data silos, without any knowledge of advanced tools, programming or query languages.”
“Coefficient is the next, long overdue evolution of the spreadsheet, one that is automated, optimized and connected to any popular SaaS system. Nearly every corporate worker uses spreadsheets on a daily basis, and for the first time, they can integrate meaningful data in a user-friendly way.”
Coefficient leverages the power and flexibility of the spreadsheet to allow citizen data analysts the ability to work with real-time data from systems like Salesforce, HubSpot, Snowflake, Tableau, and Looker, without any prior knowledge of coding or SQL.
Coefficient has been serving over billion users worldwide using spreadsheets daily to obtain powerful insights from the external data sources they’re already using. By giving users a unified data access layer to company systems, Coefficient allows users to explore, query, analyse and drive insights from previously siloed data sets.
Coefficient uses its technology to empower companies to access the data they need in just a few clicks without writing code or introducing new products and learning curves. With the support of its new investors, Coefficient is leading the next evolution of the spreadsheet, making it into an interactive canvas for building and running real-time data workflows.
