A new startup is targeting the lucrative workplace productivity space with an open source approach to project and knowledge management — and it has received backing from a who’s who of investors from across the technology spectrum.
AppFlowy, as the company is called, has raised $6.4 million in funding from a slew of renowned founders, including Matt Mullenweg (Automattic); Steve Chen (YouTube); Tom Preston-Werner (GitHub); Bob Young (Red Hat) and Amr Awadallah (Cloudera). The seed round was led by OSS Capital.
Helping the workforce be more efficient is big business, evidenced by the likes of Notion hitting a lofty $10 billion valuation off the back of remote work-driven demand for collaboration software. However, as proprietary software, businesses — particularly enterprises — might be hesitant to go all-in on a technology they don’t have full control of.
And this, essentially, is what AppFlowy is seeking to address with a self-hostable solution that goes some way toward addressing security and extensibility concerns with the incumbent providers.