Rows, the Berlin-based digital workplace behind the cloud-based, AI-powered spreadsheet application, has closed on their 8 million euros Series A round. That is nearly $8.7 million already! Additionally, this funding will accelerate the development of our new-regulatory-spreadsheet app to improve compliance tracking and management. This includes a focus on rapid data ingestion, AI-powered data insights and collaborative sharing tools. Lines was co-founded in 2017 by Torben Schulz and Humberto Ayres Pereira. They are committed to building on their pioneering approach to data management and analysis.

Rows provides a cloud-based spreadsheet application supercharged with generative AI features. One of its killer features is ultra-fast data import, making it easy to pull in information from different formats and sources. The platform’s most exciting new feature is AI Analyst, an AI-driven intelligence that pulls actionable insights out of the data to help users make better decisions faster. In addition, Rows focuses on collaborative sharing to enable teams—or even departments—to move faster together through projects.

The company has not hidden its excitement about what the future holds for spreadsheet technology, as evidenced by a recent post on LinkedIn.

There's never been a better time to build the future of spreadsheets. - Rows

Rows plans to use the new capital to expand its footprint and improve its product. This expansion is fortunate timing, given that more recently, companies of all sizes have started to see the benefits of automated, near-real-time financial systems. New PYMNTS Intelligence collaboration with Airbase shows that 80 percent of companies in content management do not have an automated non-payroll spend management system. These firms are “highly interested” in adopting a standardized solution. This statistic certainly reflects the increasing need for more efficient, intelligent data management solutions—like those offered by Rows.

The latest funding round is a testament to the innovation and growing demand for Rows’ unique approach to spreadsheets. - Indico Capital Partners

We have been following the company from inception and the time is now right to step in and add our knowledge and network to enhance the product and expand sales massively at a global scale. - Stephan Morais

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