airSlate: Single Solution for Automating Document Workflows
📄Company Profiles
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by airSlate.
Are you finding it time-consuming to create a document? Document creation and inputting all the correct data and that too without errors and omitting anything can be a challenging task. It is when document automation comes into the picture.
Document automation involves generating documents in a digital platform or automated workflow software. By digitalizing and automating document workflows, companies can eliminate the need for manual data entry, printed paperwork, email reminders, etc.
airSlate is cloud-based legal document automation software. Read further to know more about airSlate- its startup story, mission, founders, funding, products, partners, and more.
airSlate – Company Highlights
| Company Name | airSlate |
|---|---|
| Headquarters | Brookline, Massachusetts, United States |
| Sector | Software Development |
| Founders | Borya Shakhnovich, Vadim Yasinovsky |
| Founded In | 2006 |
| Revenue | $1B (2022) |
| Website | Airslate.com |
airSlate - About
airSlate - Founders and Team
airSlate - Startup Story
airSlate - Mission and Vision
airSlate - Business Model
airSlate - Revenue Model
airSlate - Products and Services
airSlate - Challenges Faced
airSlate - Funding and Investors
airSlate - Mergers and Acquisitions
airSlate - Patents and Trademarks
airSlate - Growth
airSlate - Partners
airSlate - Awards and Achievements
airSlate - Competitors
airSlate - Future Plans
airSlate - About
airSlate is a no-code platform that empowers companies to create powerful documents and automate their document workflows. From simple tasks, such as editing PDFs, creating forms, and eSigning. It can create, integrate, and automate the document workflow via a single control point.
With over 100 million users worldwide, the company offers 40+ integrations with popular apps and CRM systems. airSlate has a global reach with 5 offices in different locations.
airSlate - Founders and Team
Borya Shakhnovich and Vadim Yasinovsky are the co-founders of airSlate.
Borya Shakhnovich
Borya Shakhnovich graduated from the University of Illinois Urbana-Champaign with a BS (Computational BioPhysics) and a Ph.D. in Bioinformatics and Systems Biology from Boston University. He worked as an assistant professor and post-doc fellow at Boston and Harvard University, respectively.
In addition, he held the role of CEO at Orwik and PDFfiller.com. Presently, he is working as a co-founder and CEO at airSlate.
Vadim Yasinovsky
Presently, Vadim Yasinovsky is the airSlate’s founder. Before working as a Chief Product Officer at airSlate, he was President and CEO at Clear Software, Inc. Moreover, he was the owner of clearweb.com and CEO of PDFfiller.com.
airSlate currently employs over 1,000 employees, with Drew Zalkind as the COO.
airSlate - Startup Story
When Borya Shakhnovich was the founder of Orwik, he came up with marketing technology. He contacted Vadim Yasinovsky, his investor who was running PDFfiller, to apply this marketing technology to the company. And Yasinovsky suggested Borya build the marketing technology with him. It is how the idea of airSlate was born.
At that time, PDFfiller was a small company, and using Shakhnovich’s technology, the company’s customer base grew. After several years, Borya became the CEO, and the company expanded its product offering only to establish as airSlate in 2018.
The company developed the first version of the PDF editor, and it went live in 2008. In 2013, it launched the eSignature product, and in 2015, it expanded into software integrations for CRMs and apps. airSlate acquires US Legal Forms in 2019.
airSlate - Mission and Vision
The company aims to build digital solutions that innovators can use to unlock their potential and execute higher-priority organizational goals. It believes innovating document workflows can immediately impact the company’s bottom line by providing top-notch customer and employee experience.
airSlate - Business Model
airSlate Business Cloud allows businesses to digitize and automate processes at varied scales within a single holistic ecosystem. The platform is the end-to-end solution that grows with the organization’s business automation roadmap.
Companies need to start by digitizing simple document workflows before they configure airSlate to automate their complex requirements. Clients can configure and automate at about 1/10th of the cost of other related systems.
Yash Gupta
airSlate - Revenue Model
airSlate offers four packages to the clients- Starter for $19/month, Growth for $79/month, Enterprise for $399/month, and Automation Suite for $799/month.
airSlate - Products and Services
The company offers several products- contract management, document generation, contract negotiation, US legal forms, electronic signature, robotic process automation, web forms, workflow automation, PDF editing, analytics, drag-and-drop flow creator, payments, and world-class features.
The company also has airSlate Academy, which offers many courses- covering the basics of automation to expert certifications demonstrating ways to transform a business digitally.
airSlate - Challenges Faced
The platform is acquainted with multiple flows, including bot failure, downloading slates in bulk for a flow, and complicated mass export of flow data.
airSlate - Funding and Investors
airSlate has undertaken 4 funding rounds and has raised $181.5 million. Its latest funding round - Series B Round, was conducted on June 16, 2022, and raised $51.5 million. 6 investors fund the company, of which 3 are the lead ones. Some investors are G Squared, UiPath Ventures, Silicon Valley Bank, Horizon Capital, and Morgan Stanley Expansion Capital.
| Date | Round | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| June 16, 2022 | Series B | 2 | $51.5 million | G Squared |
| February 17, 2021 | Debt Financing | 1 | $50 million | Silicon Valley Bank |
| January 12, 2021 | Series B | 3 | $40 million | Morgan Stanley Expansion Capital |
| July 1, 2017 | Series A | - | $40 million | - |
airSlate - Mergers and Acquisitions
airSlate acquired 1 company, i.e., DocHub, on July 28, 2022.
airSlate - Patents and Trademarks
The company has registered 17 trademarks, and the most popular class is ‘Scientific and technological services.’
airSlate - Growth
The estimated annual revenue of airSlate in 2022 is $120.1 million per year ($177,088 revenue per employee). Moreover, the company’s current valuation stands at $1 billion as of June 2022.
The employee count grew by 4% last year. The monthly visits to the website increased to 418,246, with a site growth rate of 31.36%.
airSlate - Partners
The company has several partner collaborations and some of these are:
- Amazon Web Services
- Inc. (AWS)
- Microsoft
- Samsung
- SoftwareONE
- Xerox
airSlate - Awards and Achievements
Recently, the company collected many prestigious awards and achievements. These are:
- Included in the FT ranking of America’s Fastest-Growing Companies 2022 list by the Financial Times
- Ranked among the top firms in the Boston Business Journal’s exclusive 2022 Fast 50 list
- Two-times winner of the 2022 American Business Awards
- Collected a Gold Stevie for “Technical Innovation of the Year”
- Collected a “Silver Stevie for Company of the Year”
airSlate - Competitors
Some of its main competitors are:
- DocuSign
- Nintex USA, Inc.
- PandaDoc
- Kissflow
- Airtable
- JN Projects, Inc.
airSlate - Future Plans
As for the future, the company plans to train a million people over the next five to ten years to elevate their efficiency and value to the business. Moreover, airSlate aims to help an employee who earns $40k to $50k and turn them into a professional who is critical to the company.
FAQs
What is airSlate and how does it work?
airSlate is a no-code platform that empowers companies to create powerful documents and automate their document workflows. From simple tasks, such as editing PDFs, creating forms, and eSigning. It can create, integrate, and automate the document workflow via a single control point.
What is the pricing structure for airSlate?
airSlate offers four packages to the clients- Starter for $19/month, Growth for $79/month, Enterprise for $399/month, and Automation Suite for $799/month.
What are the products and services offered by airSlate?
The company offers several products such as contract management, document generation, contract negotiation, US legal forms, electronic signature, robotic process automation, web forms, workflow automation, PDF editing, analytics, drag-and-drop flow creator, payments, and world-class features.
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