Two Google alums just raised $60M to rethink documents

""" We like to describe it as a new document that blends flexibility of documents, the power of spreadsheets, and the utility of applications into a single new canvas,” Mehrotra said. “It really started from an observation that we think that the world is full of all these different types of applications but most work gets done on documents and spreadsheets. Every team we looked at, you’d ask them what they use to run things they’d name off all these different applications. They have task trackers, CRM tools, inventory tools, but if you looked over their shoulders they’d spend all day in documents and spreadsheets.” """

This description reminds me of the "universal canvas" that Jon Udell wrote about in 2001: http://jonudell.net/bytecols/2001-06-06.html. I'm wondering how far along coda.io can be to justify a $60M investment. Has anyone seen or used the product?