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Airslate

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Company Profile: airSlate



Overview



airSlate is a renowned global SaaS technology company specializing in no-code business process automation and document management solutions. Recognized as a market leader, airSlate offers comprehensive document workflow solutions capable of automating entire document processes on a single platform. The product suite of airSlate includes contract management, document generation, contract negotiation, robotic process automation, e-signatures, web forms, and workflow automation. The company prioritizes scalability and adaptability by integrating with systems such as CRM, ERP, and marketing automation systems, ensuring seamless operations for businesses of all sizes.

Leadership



  • Borya Shakhnovich leads airSlate as the CEO and Co-Founder, driving the vision for innovative, user-friendly, automated document workflow solutions. Under his guidance, airSlate achieved unicorn status in 2022, expanding its user base to over 100 million globally.

  • Drew Zalkind, as the COO, manages day-to-day operations with a strategic focus on general administration and sales functions, as well as leading strategic acquisitions.

  • Vadim Yasinovsky, the Chief Product Officer and Co-Founder, heads the engineering team and was pivotal in developing airSlate's original product, pdfFiller, laying the foundation for current offerings.


Financials and Growth



airSlate has successfully raised $181.5 million across four funding rounds, with the latest being a Series B round securing $51.5 million in June 2022. The company's valuation is estimated at $1.25 billion, reflecting its robust growth and strong investor confidence. Key investors include G Squared and UiPath, who back airSlate's ambitious expansion and collaboration plans.

Product and Services



airSlate's platform offers efficient automation of document-driven operations with features such as:

  • Document Automation: The airSlate WorkFlow provides comprehensive automation solutions, allowing users to define document lifecycles, integrate business logic, and control document routing.

  • Integration: The platform supports built-in integrations and hundreds of bots for complex workflow digitization.

  • Security and Compliance: Committed to the highest industry standards, airSlate complies with protocols like SOC 2 Type II, HIPAA, GDPR, and others.


Strategic Initiatives



To further its market reach, airSlate pursues strategic partnerships and acquisitions. Notably, it acquired US Legal Forms in 2019 and DocHub in 2022, enhancing its service offerings with the largest online library of legal forms and sophisticated PDF editing capabilities. These strategic moves align with airSlate's mission to deliver comprehensive workflow automation solutions for various global industries.

Community and Values



airSlate fosters a professional and inclusive corporate culture. Its products are developed to unlock potential across teams, enhance productivity, and provide exceptional experiences for customers and employees. This user-centric approach cultivates sustained engagement and loyalty from a dynamic community of users and partners globally.

Through continuous innovation and responsiveness to market trends, airSlate empowers businesses to transform digital workflows and enhance productivity via automation.

Competitor Profile



Industry Positioning



Founded in 2008, airSlate delivers robust workflow automation solutions within its extensive Document Process Automation platform. In the competitive landscape, airSlate contends with prominent players like DocuSign, Adobe, and PandaDoc, along with emerging platforms such as Juro, Formstack, and Newgen.

Notable Competitors



  • PandaDoc: Offers document automation with eSignatures and workflow management, focusing on personalized customer communication. PandaDoc is valued at $1 billion and operates globally from San Francisco, California.

  • DocuSign: A leader in electronic signature solutions, DocuSign operates in over 180 countries, serving more than 1.5 million paying customers. Its Intelligent Agreement Management (IAM) system is a strong feature for organizations needing efficient contract management.

  • Adobe Sign: Formerly EchoSign, part of Adobe’s Document Cloud, facilitates signing and tracking documents; integrates with major platforms like Dropbox and Salesforce.

  • Juro: Specializes in AI-powered contract automation, enhancing operational efficiencies through browser-native contract management.

  • Formstack: A no-code productivity tool used by over 32,000 organizations to streamline workflows through digital form creation and automation.


Market Position



airSlate reports an estimated annual revenue of $217.1 million with a workforce of around 1,047 employees. The company’s strategic focus on workflow automation resonates with enterprises aiming to streamline complex document and workflow processes.

Strategic Insights



In a competitive market, airSlate can further distinguish itself by enhancing product customization, expanding integration capabilities, and refining user experience to tackle challenges inherent in existing workflow management tools. The competitive landscape demands continuous innovation, with competitors leveraging AI and advanced analytics to optimize contract and document automation solutions.

This detailed profile lays a foundation for understanding airSlate's competitive environment, aiding strategic sales and business development endeavors.