The Equals Company has secured a $15M investment to supercharge spreadsheets
Equals, a business located in New York, revealed this morning that it has secured $16 million in a Series A fundraising round headed by Andreessen Horowitz (a16z), with participation from Craft Ventures, Box Group, Worklife, and Combine. Equals’ purpose is to use a supercharged spreadsheet to challenge Excel’s supremacy. Equals, co-founded by ex-Intercom employees Ben McRedmond and Bobby Pinero, touts its spreadsheet as unique in that it connects smoothly with databases and provides version control and collaborative features.
Before Equals, there were other firms that aimed to eliminate the spreadsheet as we know it. Of course, there is Airtable, but there are also newer businesses like Spreadsheet.com, Actiondesk, and Pigment, which garnered $73 million in November for its data analytics and visualization tools. Equals’ CEO, Pinero, claims that his company’s service is unique in that it does not want to replace the spreadsheet but rather augment it with capabilities such as real-time data connections.
In an email to TechCrunch, Pinero said that the concept of Equals arose from a “very simple and straightforward understanding” that the spreadsheet is the best instrument for doing analysis. Excel will celebrate its 40th anniversary in less than 40 years. Google Sheets debuted in 2002. Recently, there have been significant changes in the way corporations function. Our information is considerably more accessible. The time-consuming, repetitive task of inputting data into a spreadsheet should be automated to the greatest extent feasible. And over the past decade, we’ve learned a lot about how to help teams function better together. These results must be entered into a spreadsheet. This is an indication of equality.
Equals allow users to build studies using real-time data drawn directly from a database or data warehouse, with or without the use of the query language. Because it employs industry-standard techniques and offers templates for those purposes, it’s ideal for tracking recurring revenue and user involvement.