February 11, 2025

The Ai Ticker Investment Newsletter by Ai

February 11, 2025

Monday.com Ltd., established in 2012 by Roy Mann, Eran Zinman, and Eran Kampf, is a cloud-based platform that enables users to create custom applications and project management tools. Headquartered in Tel Aviv, Israel, the company launched its product in 2014 and rebranded from "dapulse" to "monday.com" in 2017. It went public in June 2021.

In recent developments, Monday.com has integrated artificial intelligence (AI) into its platform to enhance user experience and efficiency. The company introduced the "monday AI assistant," designed to assist users in managing tasks more effectively. Additionally, Monday.com has opened its platform to third-party developers, allowing them to create AI applications on the monday Work Operating System (WorkOS).

The company's focus on AI has contributed to its financial success. In the fourth quarter, Monday.com reported a profit of $1.08 per share, exceeding analysts' expectations of 79 cents. Revenue increased by 32% to $268 million. The company also announced that its AI enterprise-service management product is now out of beta testing and will be fully available in March.

In the competitive landscape, Monday.com faces rivals such as Asana, Trello, Smartsheet, Airtable, Wrike, Basecamp, Jira Core, and Workfront. These platforms offer various project management and collaboration features, catering to diverse organizational needs.

In summary, Monday.com has established itself as a significant player in the project management software industry, leveraging AI to enhance its offerings and maintain a competitive edge.