Artificial intelligence was supposed to kill software-as-a-service. Linear didn’t get the memo.
The startup behind a popular product management tool has doubled its valuation to $2.5 billion and surpassed $100 million in annual recurring revenue, defying the ongoing narrative that AI will make traditional software companies obsolete.
“I think the narrative is always overly generalized that every SaaS company is dying or it’s not relevant anymore,” Linear cofounder and CEO Karri Saarinen told Business Insider. “I think it probably depends a lot on what type of SaaS company you are.”
Linear completed an employee tender offer at a $2.5 billion…
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