monday.com Strengths, Domain Expertise, and Key Differentiators
monday.com is a customizable work OS where teams create and shape workflow apps in minutes to plan, run, and track their processes, projects, and operations. As a web-based SaaS platform, monday.com facilitates a more efficient and intuitive way to manage teams and organizations of all sizes. The platform connects people to processes and systems, empowering teams to excel in every aspect of their work while creating an environment of transparency in business.
monday.com Recent Developments
In August 2021, Monday.com Ltd., a project management software startup, announced the launch of monday workdocs, a new capability for its software suite that enables organizations to collaborate within documents.
In February 2020 monday.com released Monday 2.0, a momentous new iteration of its platform, transforming it into a work operating system (work OS) that enables organizations of any size to build custom workflow apps in minutes. In becoming a working OS, monday.com now provides a centralized platform for code-free app creation, process management, and project management. The launch of Monday 2.0 is a culmination of new capabilities added to the platform that further enable teams to execute in complete alignment, focus on the work that maximizes impact, and achieve extraordinary results across all aspects of their work.
monday.com Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying monday.com applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of monday.com and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified monday.com Work OS customers.
Ownership: - NASDAQ: MNDY
Number of Employees: 705
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
monday.com Key Enterprise and Cloud Applications
monday.com Work OS
monday.com Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
monday.com Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
monday.com Enterprise Applications Revenues By Functional Markets, $M:
monday.com Enterprise Applications Revenues By Verticals, $M:
monday.com Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
monday.com Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
monday.com Customers - Breakdown by Geo, Size, Vertical and Product
No. of monday.com Customers: 125000
No. of monday.com Enterprise Applications Customers: 125000
No. of monday.com Cloud Customers: 125000
No. of monday.com Cloud Subscribers: x
More than 100,000 teams and organizations of all sizes are using monday.com some of them are HULU, EBAY, ADOBE, APPLE, and others.
monday.com Market Opportunities, M&A and Geo Expansions
In July 2019 raised a $150 million Series D round, bringing total funding to $234.1 million. Silicon Valley-based venture capital firm, Sapphire Ventures, led the round with participation from Hamilton Lane, HarbourVest Partners, ION Crossover Partners, and Vintage Investment Partners. As monday.com continues along its growth trajectory, it is democratizing effective management practices in creating a customizable team management platform.
In July 2018 monday.com raised a $50 million Series C round, bringing total funding to $84.1 million. New York-based growth equity firm, Stripes Group, led the round with participation from existing Series A and B investors, Insight Venture Partners, and Entrée Capital to Accelerate Building the New Generation of Workplace Collaboration Tools.
In April 2017, the company raised $25 million. The round was led by New York-based firm Insight Venture Partners, with participation from existing Series A investors Genesis Partners and Entrée Capital.
monday.com Risks and Challenges
Developing a strong branding across Africa and other regions could take some time.
monday.com Ecosystem, Partners, Resellers and SI
In May 2020 monday.com signed a partnership with Clearvision (an Atlassian Platinum Solution Partner). The new partnership will also enable monday.com to increase its UK footprint while enabling workers to have better access to workflow solutions.
In November 2019, monday.com signed a partnership with Hill City Global (project management consulting firm).
monday.com Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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