Workboard is a strategy execution platform founded in 2013 and based in Redwood City, California. The company specializes in helping organizations track their objectives and key results (OKRs) through the integration of generative AI technology. Workboard serves various sectors, including technology, healthcare, automotive, manufacturing, telecommunications, and utilities. With a focus on enhancing operational effectiveness, it aims to align teams toward shared goals. As of 2021, Workboard has raised approximately $141.6 million in funding and reported a revenue of $22.7 million.
WorkBoard was founded in 2014 by Deidre and Daryoush Paknad. The company emerged from their recognition of the need for greater transparency and speed in measuring results within organizations. Deidre, who had previously experienced challenges in accessing results data during her tenure at IBM, teamed up with Daryoush, a technologist with a background in performance tracking. Together, they created WorkBoard to help organizations achieve better alignment and results through enhanced visibility and accountability.
Since its inception, WorkBoard has successfully raised multiple funding rounds, totaling approximately $130 million. Notably, in May 2021, it secured $75 million in Series D funding led by SoftBank Vision Fund 2, with participation from investors like Andreessen Horowitz, GGV Capital, and Workday Ventures. This funding is being utilized for platform development, expanding its customer community, and boosting sales and marketing efforts.
WorkBoard specializes in an Enterprise Results Platform that integrates Objectives and Key Results (OKR) management with performance tracking. Key features include:
WorkBoard has focused on expanding its product offerings rather than engaging in significant acquisitions. The company continuously enhances its platform based on user feedback and evolving market demands
WorkBoard.
The platform has evolved to include features that support organizations in adapting quickly to changing circumstances, facilitating both individual and team productivity. These enhancements often reflect the ongoing trends towards remote and hybrid work environments.
WorkBoard emphasizes values such as compassion, credibility, and commitment. The company promotes a culture that encourages humility, intellectual honesty, and teamwork, which is vital for maintaining strong relationships with customers. Their mission focuses on helping organizations and individuals achieve their best results.
WorkBoard serves a diverse array of clients, including major enterprises like Microsoft, IBM, and Cisco, alongside many high-growth companies across various industries such as healthcare, finance, and manufacturing. The company has also certified over 7,000 OKR coaches, fostering a community of practitioners who leverage its methodologies.
