After the Smartsheet software was redesigned in 2010, the company's revenues grew by more than 100 percent each year, for four consecutive years.[26] It raised $26 million in funding in December 2012[3][13] and another $35 million in May 2014.[12] In 2017, the company raised an additional $52.1 million in funding.[27] In 2018 it was announced that Smartsheet acquired Converse.AI, a Scotland-based company that develops software for creating business automation bots.[28]