Mike Cannon-Brookes cofounded Australian business software company Atlassian in 2002 with college buddy and fellow programmer Scott Farquhar after studying together at the University of New South Wales. The company develops online business software tools that help companies manage projects and work flow for their development and IT teams. Early financing came from a $10,000 line of credit on a credit card. The company has grown rapidly since, with offices opening up around the world. Atlassian's services are now used by more than 35,000 companies worldwide, including BMW, American Airlines, Cisco, Facebook and Citigroup. In April 2014 a $150 million investment from T. Rowe Price and Dragoneer Investment Capital valued Atlassian at $3.3 billion. Forbes estimates that Farquhar and Cannon-Brookes each own a third of Atlassian. Cannon-Brookes reportedly has a Tesla, which he dubbed the iPhone of the automobile industry.