# HipChat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hipchat

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.hipchat.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Aug 10, 2010)
- Investors on record: 1

## About

HipChat is a collaboration tool designed to facilitate communication and teamwork among users in real-time. It provides chat functionalities that enhance productivity for organizations.HipChat is a collaborative communication platform, originally founded to enhance team interactions. In March 2012, HipChat was acquired by Atlassian, although the financial terms of the deal were not disclosed. The company is headquartered in San Francisco, US. The founders, although not specified, aimed to improve workplace communication through their innovative platform. HipChat received a total of USD 0.10 mn in funding through a SEED round led by Founders Fund on March 7, 2012.HipChat, as part of Atlassian, offers a suite of integrated products that enhance teamwork and productivity through collaboration tools. Their core offerings include Jira, a flexible project management system; Confluence, a collaborative workspace for knowledge sharing; and Trello for visual project management. Additionally, Jira Service Management facilitates efficient service delivery, while Opsgenie and Statuspage support incident management. These products are utilized across various sectors, including retail, telecommunications, and government, serving clients in North America, Europe, and the Asia-Pacific region.HipChat primarily generates revenue through subscription-based models, where businesses pay for access to its suite of tools. This B2B transactional structure allows companies to purchase licenses for products like Jira and Confluence. The pricing plans are tiered, catering to diverse organizational needs from small businesses to large enterprises, with flagship tools contributing significantly to the revenue strategy by addressing the demand for efficient project and knowledge management solutions.Following its acquisition in March 2012, HipChat is expected to leverage Atlassian's resources for future growth, including potential new product offerings and enhancements to existing services. The specific details regarding upcoming products or expansion into new markets have yet to be publicly outlined. However, the acquired resources are anticipated to be utilized for improving product capabilities and market reach.

## Funding rounds

- Seed, Aug 10, 2010, $0.1M — Founders Fund

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed