Linear, product management software startup, doubles valuation to $2.5 billion with $99M employee tender offer led by Accel; surpasses $100M in annual revenue despite AI threats to SaaS industry.

Everyone says software is dead. SaaS startup Linear just doubled its valuation to $2.5 billion.

Linear co-founders (left to right): Jori Lallo (CPO), Karri Saarinen (CEO), and Tuoman Artman (CTO). Photo courtesy of Linear. 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...