Coefficient, a Mountain View, Calif.-based no-code solution enabling business teams to work with real-time data directly from spreadsheets, raised $6.7M in seed funding.
The round was led by Foundation Capital with participation from S28 Capital and many angel investors, including Eric Yuan, CEO of Zoom, and Kedar Doshi, EVP, Salesforce Einstein Analytics.
The company intends to use the funds for research and development to enhance its core product offering, as well as ramp up hiring across all functions.
Led by CEO Navneet Loiwal, Coefficient is a no-code solution that allows business teams to work with live data from systems like Salesforce, HubSpot, Snowflake, Tableau, Looker and more, to build dashboards, collaborative workflows and internal apps with two-way data connectivity to their cloud systems, all from their spreadsheet. This allows anyone in the company to build reports and workflows that are real-time and flexible without any knowledge of SQL or other advanced tools.
It is already being used by Uber, Spotify, Unity, Klaviyo, Miro and Contentful, among others.