WillItSurvive
AI companies and labs · United States

Lindy AI

No-code platform for building AI agents that automate business workflows.

Losing its protection
Assessed 24 July 2026 · Evidence as of 24 July 2026
The structural protection is eroding.
On the recordSince 24 July 2026 · Checkable from next 6 to 12 months · Every call on the record Checkpoint: Whether Lindy closes a new funding round after 2023 Series B, or lands a defensible regulated vertical
The call

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.

Why
01
AI pressure: Anthropic (computer use), OpenAI (Operator), Google agent stack. Frontier labs now ship native agent and computer-use tools, the same layer Lindy sells as its product. Could AI do the core job? Yes, likely.
02
Bigger players: Zapier. Zapier already ships native AI Agents across 9,000+ integrations, dwarfing Lindy's 1,600 to 6,000. Could a giant copy it? Yes, easily.
03
What protects it. Early enterprise moves like HIPAA/BAA support and SSO give it a foothold in regulated workflows Zapier hasn't fully claimed yet.
What would change this call
Lindy announces a new priced funding round within 12 months. Would show investors still back its trajectory after 18+ months without new capital.
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.
Key numbers
  • $5.1M to $5.2M ARR (2024-10)
  • 36 to 41 employees (2025-12)
  • $49.9M to $54M raised, last round 2023 (2023-01)
Named risks
  • Zapier's native AI Agents on a 9,000+ integration base could absorb Lindy's core use case. Severity: high
  • Frontier labs shipping native agentic/computer-use features could subsume Lindy's orchestration layer. Severity: high
  • No new funding reported since ~2023 Series B, over two years without fresh capital as of mid-2026. Severity: medium
  • Margins tied directly to LLM inference cost, requiring frequent model-switching (e.g., to Gemini 3 Flash) to preserve unit economics. Severity: medium
  • Reliability incidents (2024 Rickroll bug) pose reputational risk as Lindy expands into regulated verticals like healthcare and finance. Severity: medium
Rivals, as read in July 2026
RivalDirectionEvidence
Zapierlosing toZapier shipped native AI Agents on 9,000+ integrations (2026) vs Lindy's 1,600-6,000+
Atlassian (Rovo Studio)losing toAtlassian's no-code agent builder guide published 2026-05-28, targeting same enterprise buyers
Anthropic, OpenAI, Google (frontier labs)losing toNative computer-use and agent tools threaten to subsume Lindy's orchestration layer, 2026
Gumloop, Relevance AI, n8n, Make.comcontestingMultiple AI-native no-code peers compete directly for the same agent-building segment, 2026
Questions people ask
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).
Timeline
  • 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
Head to head
Revision history
24 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources