Notion's Viral Productivity App Aims to Take on Tech Giants with $5B Valuation and Big AI Plans
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Notion is a sleek productivity app that went viral, reaching 100 million users. It remains profitable while being valued at $5 billion.
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CEO Ivan Zhao retains unusually high control, owning 30%+ of the company. He has ambitious plans to challenge Microsoft and Google's dominance with AI.
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Notion 3.0 will focus heavily on AI, including a bot to instantly surface info stored in Notion. It launched calendar and email capabilities to become an "everything app."
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Notion is aggressively courting enterprise clients and targeting teams within big companies. Its goal is to be as ubiquitous as Microsoft and Google.
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Notion has raised $330 million from top VCs, but Zhao gave none board seats and retained high ownership with little dilution. He still picks out all the office furniture.