Lindy AI
No-code platform for building AI agents that automate business workflows.
Lindy ships real product and has paying users, but sits between a bigger rival already shipping the same feature and model makers absorbing its core layer, with no funding news since 2023.
Lindy AI lets people build AI agents without coding, kind of like automating repetitive work tasks. The problem is that Zapier (a much bigger company with 9,000+ connections to other software) just launched its own AI agents, and companies like OpenAI and Google are building agent features directly into their products, which could make Lindy unnecessary. The company has about $5 million in annual revenue and has not raised new money since 2023, which is a warning sign. The one thing that could save Lindy is if it becomes the go-to tool for specific industries like recruiting or healthcare, where it could build in special features and compliance rules that neither Zapier nor the big tech companies would bother with.
Zapier publishes adoption numbers for its native AI Agents feature among existing customers. Would show whether Zapier's installed base is shifting to in-house agents instead of Lindy.
Lindy announces a named enterprise deal or partnership in a regulated vertical (healthcare, finance, recruiting) with compliance certification. Would show Lindy building the vertical lock-in it currently lacks.
- $5.1M to $5.2M ARR
- 36 to 41 employees
- $49.9M to $54M raised, last round 2023
- Zapier's native AI Agents on a 9,000+ integration base could absorb Lindy's core use case.
- Frontier labs shipping native agentic/computer-use features could subsume Lindy's orchestration layer.
- No new funding reported since ~2023 Series B, over two years without fresh capital as of mid-2026.
- Margins tied directly to LLM inference cost, requiring frequent model-switching (e.g., to Gemini 3 Flash) to preserve unit economics.
- Reliability incidents (2024 Rickroll bug) pose reputational risk as Lindy expands into regulated verticals like healthcare and finance.
| Rival | Direction | Evidence |
|---|---|---|
| Zapier | losing to | Zapier shipped native AI Agents on 9,000+ integrations (2026) vs Lindy's 1,600-6,000+ |
| Atlassian (Rovo Studio) | losing to | Atlassian's no-code agent builder guide published 2026-05-28, targeting same enterprise buyers |
| Anthropic, OpenAI, Google (frontier labs) | losing to | Native computer-use and agent tools threaten to subsume Lindy's orchestration layer, 2026 |
| Gumloop, Relevance AI, n8n, Make.com | contesting | Multiple AI-native no-code peers compete directly for the same agent-building segment, 2026 |
- Is Lindy AI profitable in 2026?
- Unclear. Third-party trackers (Latka, Growjo) estimated Lindy AI's annual revenue at $5.1-5.2M as of October 2024, run by a team of 36-41 employees. No profitability figures have been disclosed, and no new funding has been reported since its 2023 Series B.
- Could AI replace Lindy AI?
- Possibly. Lindy AI's entire product is an orchestration layer built on Anthropic Claude, Google Gemini, and OpenAI models; it switched its default model to Gemini 3 Flash in 2026 for cost savings. Frontier labs shipping native agent/computer-use features could subsume this layer directly.
- Who is Lindy AI's biggest competitor?
- Zapier is the most direct threat: as of 2026 it has 9,000+ integrations versus Lindy's reported 1,600-6,000+, and has already shipped native AI Agents. Atlassian's Rovo Studio (May 2026) and possible Google/Microsoft bundling add further pressure.
- Who owns Lindy AI?
- Lindy AI is privately held, founded and led by CEO Flo Crivello. Lead investor is Battery Ventures, with Menlo Ventures, Coatue, Tiger Global, and SV Angel also participating, alongside angels Elad Gil, Jack Altman, and Max Mullen, per 2023-era funding data.
- How many users does Lindy AI have?
- Lindy AI claims '400,000+ professionals' as of mid-2026 (self-reported, via its own blog). Earlier third-party estimates cited around 10,000-15,000 monthly active users by 2024, a figure not independently reconciled with the later 400K claim.
- Has Lindy AI raised new funding recently?
- No. As of mid-2026, Lindy AI's most recent confirmed funding was a ~$35M Series B led by Battery Ventures around January 2023, bringing total reported funding to $49.9M-$54M. No new priced round has been reported since, per Latka (2026-07-02).
- 2026-05-28Atlassian publishes guide for Rovo Studio, a rival no-code agent builder inside its suite
- 2026-02-27Lindy AI switches default LLM to Google Gemini 3 Flash, citing 40-50% cost savings
- 2025-08-27Lindy AI launches 'Lindy Build', an AI app-builder that tests and fixes its own code
- 2025-08-04Lindy AI launches 'Lindy 3.0' with Agent Builder, Autopilot, and Team Accounts
- 2025-04Lindy AI launches 'Agent Swarms' letting agents clone themselves for parallel tasks
- 2024-08-21Lindy AI patches a 'Rickrolling' AI failure via system-prompt change (TechCrunch)
- 2023-01Teamflow pivots into Lindy AI, carrying over ~$52M prior funding and investor base
- AI Wiki (2026-06-10)
- How Much Did Lindy Raise? (2025-05-25)
- Latka (2026-07-02)
- Latka (2026-07-02)
- Lindy Blog (2025-08-27)
- Zipdo (2026-02-24)
- Built In
- Startup Seeker
- Ry Walker Research (2026-06-10)
- Sacra
- Stormy AI (2026-04-13)
- Lindy Blog (2025-08-04)