This stuff has been popping up in my spreadsheet-error news feed, and these companies usually either find a special niche where they can eke out an existence… or die themselves. [or get bought out by Microsoft, but I haven’t seen that in the Excel-adjacent sphere]
I don’t mind sharing their start-up hype:
Excel and Google Sheets can only address pure ‘number crunching’ in a limited way. A new UK startup, Causal hopes to tackle this issue and has now raised a $4.2 million seed round led by Accel. Existing investors Coatue, Passion Capital, Verissimo Ventures, Naval Ravikant, Varadh Jain and others, also participated. The raise brings Causal’s total funding to $5.5 million, which the company will use to grow the engineering team and launch on Product Hunt next month.
Despite the fact that spreadsheets are crucial to normal business operations, there are multiple use cases for sales teams, finances teams etc, all of which are very different. Causal hopes to address these with a more data-driven, collaborative approach.>
Founded in 2019 by Taimur Abdaal and Lukas Koebis, Causal is “aiming to replace Excel” by starting with the spreadsheet’s foundation: formulas”. Causal says its formulas “read like plain English” such “as Profit = Revenue – Costs” and also claims it typically takes “100x fewer formulas” in Causal to build exactly the same model in Excel.
… except you can do formulas like that in Excel, if you use named ranges or, even better, data tables.
Good luck, guys.