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Raycast in 2026: Revenue, Valuation, Funding, CEO

Curated by Khrystyna Oleksiienko · Published

Raycast is a productivity launcher for Mac, Windows and iPhone, with an extension store and built-in AI, used daily by hundreds of thousands of people. Founded in London in 2020 by ex-Facebook engineers Thomas Paul Mann (CEO) and Petr Nikolaev (CTO), it has raised about $47.7 million, most recently a $30 million Series B led by Atomico, and is a remote team of 39.

Company overview

Company
Raycast Technologies Inc. (parent); Raycast Technologies Ltd. (UK)
Industry
Software: productivity launcher and AI assistant for Mac, Windows and iOS
Founded
2020
Headquarters
London, UK (fully remote)
Revenue
Not disclosed; paid plans from $10 a month (Nov 2026)
Funding stage
Series B: $30M led by Atomico (Sep 2024); about $47.7M raised in total

Raycast at a glance

Question

Answer

As of

Who owns Raycast?

Its founders, staff and investors including Accel, Coatue and Atomico; it is private

Nov 2026

Valuation

Never disclosed

Nov 2026

Funding

About $47.7 million in three rounds; the last, a $30 million Series B, was led by Atomico

Sep 2024

Revenue

Not disclosed

Nov 2026

Users

Hundreds of thousands of people every day

Mar 2026

Plans

Free; Pro $10, Plus $20 and Max $50 a month

Sep 2026

CEO

Thomas Paul Mann, co-founder

Nov 2026

Founded

2020, in London, by Thomas Paul Mann and Petr Nikolaev

2020

Employees

39, fully remote, across 17 countries

2026

Email format

{first}@raycast.com, such as maya@raycast.com

Nov 2026

Raycast replaces the Mac’s Spotlight with a command bar that opens apps, searches files, manages windows and the clipboard, and runs more than 3,000 extensions for tools like Slack, Notion and GitHub, which its users write in the open (GitHub). Raycast AI puts models from OpenAI, Anthropic and others in the same bar.

What’s new at Raycast in 2026

On August 25, 2026, Raycast 2.0 came out of beta: a rewrite “rebuilt from the ground up” that runs on both macOS and Windows (Raycast). “With this release, Raycast v2 replaces v1,” its changelog says (Raycast). The Windows app, in public beta since November 2025, moved to the same version.

Raycast also launched Glaze, which builds Mac apps from a chat: a private beta in March and open to everyone from July 1, 2026 (Raycast). In September it moved Raycast AI to monthly credits, kept Pro at $10 and added a $50 Max plan, because “we can’t subsidize it the way the big model labs can” (Raycast).

Who owns Raycast?

Raycast is private and venture-backed. The company that raised its rounds is Raycast Technologies Inc., a Delaware corporation; it owns 100% of the UK company, Raycast Technologies Ltd., incorporated on January 9, 2020 (Companies House). Accel led the seed round and co-led the Series A with Coatue; Atomico led the Series B, with Y Combinator and Atlassian Ventures among the other investors. The founders and staff hold the rest; their stakes aren’t public.

What is Raycast’s revenue?

Raycast doesn’t publish revenue. “We don’t share much about revenue,” Thomas Paul Mann said in 2024, adding that the Pro plan “basically unlocked the fundraise” (TechCrunch). It earns money from Pro and Teams subscriptions, sold since May 2023 (Raycast), and from enterprise contracts.

Its UK subsidiary files small-company accounts without a profit and loss account. For the year to January 31, 2026 they show it owing its US parent £18.3 million, up from £13.2 million a year earlier (Companies House): the parent funds the UK team. Those figures cover the subsidiary, not the whole company.

Raycast ARR (annual recurring revenue)

Not published. Raycast has never given an ARR figure or a count of paying subscribers, and we don’t estimate one. Figures on data sites are guesses that disagree with each other by millions of dollars.

Raycast MRR (monthly recurring revenue)

Raycast doesn’t publish MRR, and with no ARR figure there is nothing to divide.

Raycast pricing

Plan

Price

What it adds

Free

$0

All built-in extensions, such as clipboard history and window management, and every public extension; free for organizations too (Raycast)

Pro

$10 a month

Raycast AI with 500 credits a month, cloud sync, dictation and custom themes

Plus

$20 a month

3,000 AI credits and frontier models; launched as Pro+, formerly Advanced AI

Max

$50 a month

7,500 AI credits; new in September 2026

Teams Pro

$15 per user a month

Unlimited shared commands, quicklinks and snippets, and a private store; Plus and Max tiers for teams cost $25 and $65

Enterprise

Custom

SSO, SCIM and AI controls; SOC 2 Type II (Raycast)

How much has Raycast raised? Funding and valuation

About $47.7 million in three rounds. Raycast has never disclosed a valuation, and no round has been reported since the Series B in September 2024.

Round

Date

Amount

Lead

Valuation

Series B

Sep 25, 2024

$30M

Atomico (Tech.eu)

Not disclosed

Series A

Nov 30, 2021

$15M

Accel and Coatue (Raycast)

Not disclosed

Seed

Oct 29, 2020

$2.7M

Accel (Raycast)

Not disclosed

Y Combinator

Winter 2020

Not disclosed

Y Combinator

Not disclosed

Angel investors include Shopify’s Tobi Lütke, Vercel’s Guillermo Rauch and former GitHub CEO Thomas Dohmke in the Series B, and Linear’s Karri Saarinen and Framer’s Koen Bok in the Series A. The Series B paid for the Windows and iPhone apps.

What does Raycast make? Products

Mann and Nikolaev built Raycast for developers fed up with clicking through tools: “a command line inspired interface for quickly accessing their tools,” as they described it at launch in October 2020. It opened its extension store in 2021, added a version for teams in 2022 and AI in 2023, then went beyond the Mac with an iPhone app in April 2025 (Raycast) and Windows in November 2025 (Raycast).

Date

Launch

Sep 10, 2026

AI credits, the Plus (Pro+) and Max plans, and linking ChatGPT and Claude subscriptions

Aug 25, 2026

Raycast 2.0 out of beta on macOS and Windows

Jul 1, 2026

Glaze opens to everyone

May 14, 2026

Raycast 2.0 public beta, a cross-platform rewrite

Mar 4, 2026

Glaze private beta: desktop apps built from a chat

Nov 20, 2025

Raycast for Windows, public beta

May 8, 2025

Model Context Protocol (MCP) support

Apr 30, 2025

Raycast for iOS

Feb 26, 2025

AI Extensions, beta

May 10, 2023

Raycast Pro, the first paid plan, with Raycast AI

Jul 20, 2022

Raycast for Teams

Nov 30, 2021

Extensions API and Store open to all

Oct 29, 2020

Public beta on Mac

Raycast vs Alfred, Spotlight and PowerToys

Raycast’s oldest rival on the Mac is Alfred, a launcher funded by sales of its paid Powerpack. Apple rebuilt Spotlight with actions and shortcuts in macOS Tahoe in 2025, and on Windows Microsoft offers the free PowerToys Command Palette (Microsoft). Raycast AI also competes with the ChatGPT and Claude desktop apps, though since September 2026 Pro users can connect those subscriptions to Raycast.

Who is the CEO of Raycast?

Thomas Paul Mann, who co-founded Raycast in 2020 with Petr Nikolaev, now CTO. They had worked on the same team at Facebook in London, building Spark AR, and started Raycast from a menu-bar tool they made for Facebook’s internal issue tracker.

Person

Role

Thomas Paul Mann

Co-founder and CEO

Petr Nikolaev

Co-founder and CTO

Daniel Sequeira

Head of business operations

Beth Staff

Head of finance, formerly at Sylvera and Tessian

Miguel Caetano Dias

Founding go-to-market lead, formerly at Cloudflare

Luca Eisenstecken

Board member, partner at Atomico, since the Series B

Thomas Paul Mann’s bio and contact routes: Raycast CEO Thomas Paul Mann: email, LinkedIn and bio.

Where is Raycast based?

Raycast was founded in London, where both founders live, but has no office: it is “a fully distributed company with 39 people … spread across 17 different countries” (Raycast), and pays the same salary for a role wherever people live (Raycast). Headcount has barely moved since 2024, when it was 30; “We’ve stayed flat for a while now,” Mann said in July 2026 (Platformer). Its registered office is 3rd Floor, 1 Ashley Road, Altrincham, WA14 2DT.

What is Raycast’s email format?

Raycast staff use their first name at raycast.com: {first}@raycast.com, such as maya@raycast.com for a fictional Maya Chen. People who go by a short name use that, so a Daniel may be dan@.

Need

Official address

Support and bugs

support@raycast.com

Billing

billing@raycast.com

Sales, Teams and Enterprise

enterprise@raycast.com

Press

press@raycast.com

Security

security@raycast.com

Privacy

privacy@raycast.com

All patterns, domains and official inboxes: Raycast email format.

Key events

Date

Event

Oct 27, 2026

UK accounts for the year to January 2026 filed

Sep 10, 2026

Raycast AI moves to credits; $50 Max plan

Aug 25, 2026

Raycast 2.0 out of beta on Mac and Windows

Jul 1, 2026

Glaze opens to everyone

Mar 4, 2026

Glaze private beta

Nov 20, 2025

Windows public beta

Apr 30, 2025

iPhone app

Sep 25, 2024

$30M Series B led by Atomico

May 10, 2023

Raycast Pro, the first paid plan

Jul 20, 2022

Raycast for Teams

Nov 30, 2021

$15M Series A led by Accel and Coatue; Extensions Store opens

Oct 29, 2020

Public beta and $2.7M seed led by Accel

Jan 9, 2020

Raycast Technologies Ltd. incorporated; Y Combinator, Winter 2020

More on Raycast and similar companies

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Frequently asked questions

It is private. Its founders, staff and investors including Accel, Coatue and Atomico own it, through the Delaware parent Raycast Technologies Inc.

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