Time is Ltd., a productivity software startup, obtained a sum of US $5.6 million in a late-seed funding round announced on 10th June 2021. The seed investment was led by London-based investor Mike Chalfen, with contributions from existing investor Accel and Illuminate Financial Management. Paul Sallaberry, Clark Golestani, and Acequia Capital also participated in the round. Time is Ltd. also onboarded Ulf Zetterberg as president and a co-founder.
Growth and trends in the industry
According to Time is Ltd., 400 indicators have been collected for companies to pick from. In the words of Mike Chalfen, “Assessing hybrid and distributed activity patterns is crucial for every company. Time Is Ltd.’s platform makes such measurement readily obtainable and usable for several distinct types of companies that I believe could make work better for every business in the world.”
Co-founder and CEO of Time is Ltd, Jan Rezab stated: “The opportunity to examine these types of communication and collaboration data in a privacy-compliant way alongside existing business metrics is the future of comprehending the heartbeat of every business. I believe in 10 years we will be wondering how we could have ignored insights from these platforms.”
Founder and Group CEO of Rohlik Group, Tomas Cupr, stated: “Alongside our traditional BI approaches using performance data, we employ Time is Ltd. to help enhance the way we collaborate in our teams and develop the way we operate both internally and with our vendors. The data provided by Time is Ltd. is a must-have for business leaders.”
How Time is Ltd. Works
The inefficiencies in the corporate world such as disorganized conferences, annoying notifications chat, video conferencing instruments, and the flood of emails are all issues plaguing companies today. Time is Ltd. announces its plans to address these issues by obtaining data and insights platforms such as Slack, Google Workspace, MS Teams, Zoom, Microsoft 365Webex, and more. According to the startup, these consolidated insights would then help administrators comprehend and adopt new strategies to gauge engagement, productivity, and collaboration.
Company Profile
Time is Ltd is a productivity startup that offers an advanced analytical software-as-a-service platform that produces a holistic outlook of a company’s collaboration patterns. Driven by machine learning, the platform carries the data from several tools, such as G Suite, Office 365, and Slack, among others, collectively in one. By unlocking the hidden treasures in this combined data, the startup unveils a company’s successful working patterns and empowers organizations to operate more effectively.
Founded in 2017 by Cyril Hoschl and Jan Rezab, Time is Ltd has its headquarters in Prague, Czech Republic. Time is Ltd is a developer of a workplace productivity analytics and insights platform created to reduce inefficiencies in teams. The startup’s platform combines slack, communications flow, calendar data in one dashboard, and other data into easy-to-comprehend insights, empowering clients to obtain valuable insights on their team’s productivity.
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