Coda closed its late-stage funding round at a $1.4 billion valuation. The funds will be used to grow the number of companies deploying its cloud-based document editor. The editor integrates features of a word processor and a spreadsheet editor, in the same interface.
The company competes with suites like Google Workplace and Microsoft 365. The latter suites offer the same service but in separate apps to allow document and spreadsheet editing. In Google, one can use Docs to edit word documents and Sheets to edit spreadsheets.
How Coda works
Coda’s platform enables users to create both types of content on the same interface without switching between two apps.
A document created in Coda can contain text or spreadsheets, or both if they are needed. A software company can create a document that has an overview several pages long, to detail the strategy behind applications it could be developing.
The document can be accompanied by spreadsheet tables, containing descriptions for key features. These are not the only elements available. Users can also embed a to-do list that displays outstanding tasks, including app features on a devs team’s agenda and details of each.
Additional features
Users can add timelines and automation buttons that perform specified functions when clicked, like sending emails about updates and when something is ready for release. There are more customization options provided through integrations called Packs.
With these, users can connect to external applications. For instance, the Shopify Pack allows e-commerce operations to embed product listings from the catalog into a document.
Even developers can use integrations for GitHub, which enables teams to track the pace of projects. All in all, the beauty of Coda is that it allows you to do almost everything, from one interface. With that as its edge, Coda seems ready to take on its competitors.
14 hours ago
