monday.com hits $268M revenue

monday.com announced monday service is out of beta and available to all customers. As an AI-first Enterprise Service Management (ESM) platform, monday service empowers service teams across the entire organisation to deliver exceptional support experiences faster.

With smart automations that leverage the power of AI, monday service is a one-stop-shop for service operations, designed to centralise and streamline workflows across IT, business, and service teams so agents can focus on critical issues. By facilitating seamless collaboration, monday service delivers faster resolutions by consolidating requests, incidents, projects, and business data in a single platform, all while ensuring greater efficiency without increasing resources. monday service also allows companies to extend their use to external customers and vendor requests to seamlessly connect departments' workflows. As monday.com’s fourth product offering, monday service has proven its value to customers, already becoming the company’s highest annual contract value product.

“Service teams have been challenged by reactive problem-solving and fielding tickets while also balancing manual workflows and disconnected systems. Now, with monday service’s intuitive platform, service teams can fast-track their operations from A to Z and proactively stay ahead of operational issues,” said Daniel Lereya, Chief Product and Technology Officer at monday.com. “monday service is a natural extension of our Work OS platform and, given the software consolidation trend continuing to rise, reinforces the value monday.com brings to our customers, as it can be easily adapted to serve multiple departments within an organisation.”

“In EMEA, we’re seeing companies are constantly in a pursuit to utilize and approve their approach to service management – beyond it being a back-office function, to a critical driver of business impact,” said Pierre Berlin, GM of EMEA at monday.com. “monday service flips the script on traditional service operations by giving teams the power to proactively shape their workflows. It’s about creating a more agile, customer-focused way of working. With AI at its core, monday service enables organisations across industries to break down silos, speed up decision-making, and deliver a better experience for employees and customers alike. In just a short time, we’ve already seen monday service power the resolution of hundreds of thousands of tickets, with its AI-driven knowledge engine demonstrating the real impact of a smarter, more connected approach to service management. We’re excited to be at the forefront of this trend across the EMEA region and globally.”

Since launching in January 2024, monday service has facilitated the resolution of over 215,000 tickets, highlighting its ability to deliver meaningful impact for businesses worldwide. Built for streamlining exceptional service delivery across an organization, some of monday service’s key benefits include:

  • AI-powered ticket resolution: offload tickets and incident resolutions to an AI agent, utilising ticket history to create knowledge bases for immediate handling, further freeing service teams’ time to focus on higher-impact work
  • Automatic ticket classification and smart ticket routing: AI will automatically tag tickets by type, urgency, sentiment, department, and more to prioritise incoming tickets accurately. This will speed up ticket handling and reduce manual work with automatic assignment to the relevant agent or team
  • Stay ahead of service trends and issues: with monday service’s comprehensive dashboards, service teams will be able to monitor their entire service operations performance to detect issues before they escalate and identify areas for improvement. These real-time insights into ticket trends, service performance, and organisational needs will enable better, faster decision-making
  • Streamlined and connected operations: by providing a centralised platform, monday service fosters improved collaboration and greater cross-departmental efficiency by connecting ticketing with projects, organisational data, teams, and business processes
  • Resource savings: monday service's no-code intuitive platform eliminates the need for costly implementations, development, or extensive training, allowing customers to adapt and scale as needed quickly
  • Customisable customer portal: this portal acts as a company service hub, where end-users can access self-service options, submit tickets, track status, and communicate with the service team. The portal seamlessly connects to the ticket board and can be set up in minutes

“For the first time, we have real-time visibility and data into IT performance across all areas,” said Grant De Waal-Dubla, Chief Information Officer at Cape Union Mart. “monday service provides clear insights into the volume and types of requests, response times, and trends helping us continuously improve operations.”