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When it comes to measuring SaaS success, companies look at a number of key metrics, including annual recurring revenue (ARR) and net revenue retention (NRR). If it goes up, it means that customers are expanding their usage of the product, making it a key measurement for companies selling software as a service. Today’s $5.2
Subscription-based pricing is dead: Smart SaaS companies are shifting to usage-based models. Today we know of HubSpot — the maker of marketing, sales and service software products — as a preeminent public company with a market cap above $17 billion. The company struggled with poor churn and anemic expansion revenue.
Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The company boasts 85,000 active hosts and 160,000 active vehicle listings in over 7,500 cities as of September 30, 2021. Net losses were $97.1
With rising interest rates, there’s a new sheriff in town for all companies. And in this new environment in which interest rates are climbing, access to capital is diminished and investors are “fleeing from the riskiest companies,” meaning nascent companies are in an even more precarious position. Share on Twitter.
Generative AI will soon be everywhere — including in Salesforce’s Net Zero Cloud environmental, social, and governance (ESG) reporting tool. Net Zero Cloud uses data held within the Salesforce platform to help enterprises report on their carbon footprint and manage other social and governance metrics.
Though it’s only a seed-stage company, the startup has already shipped five display coolers to beverage giant Coca Cola, TechCrunch+ has learned, and it’s on track to build another 55 that will be rented out for events. Magnets and water net Magnotherm $6.9M To capitalize on the opportunity, Magnotherm is announcing a seed round today.
Airbnb filed to go public today , bringing the well-known unicorn one step closer to being a public company. The financial results show a company on the rebound, but smaller than it was. What follows is a dive into the company’s high-level numbers. Or, the company would have grown sans COVID-19.
“Coho AI has developed a unique data consolidation platform that models the business value of a software-as-a-service company and maps it to the behavior of the customers in real time using machine learning and advanced analytics,” Falcon told TechCrunch in an email interview. He declined to provide revenue figures, however.
Startups and VC It’s a tough time to be a richly priced company that didn’t go public when the getting was good. Not only are there fewer later-stage players with the resources and appetite to support such companies (e.g., Not only are there fewer later-stage players with the resources and appetite to support such companies (e.g.,
The company announced Thursday the opening of its production facility, dubbed “Mega Ranch,” in Colorado. Tyler Huggins, co-founder and CEO of Meati Foods, told TechCrunch that the company wasn’t actively seeking additional capital, but had decided to keep the Series C round open due to additional investor interest.
That’s partly because there is a limited number of workers with these skills, and partly because it’s not just technology companies that are looking for technical talent. Enter Hackajob , a two-sided marketplace that brings together technical candidates and companies looking for help.
But the decline in demand harmed both companies. This morning, let’s unpack their latest numbers to see if what the two companies are dangling in front of investors is worth desiring. This, from a company worth north of $112 billion, feels like a very small promise. We can see that in their full-year numbers.
Shares of China-based autonomous driving company Pony.ai were up around 19% in early trading Wednesday after the company made its Nasdaq debut. The company says it plans to use the proceeds to carry out the large-scale commercialization of its autonomous driving technology, including both robotaxi and robotruck services.
And by 2033, the same study predicts that AI solutions will result in more than half a billion net new human jobs. Do it right—now In 1995, Microsoft co-founder Bill Gates sent an internal company memo calling the internet a “tidal wave” that would be crucial to every part of the company’s business. IBM’s research supports this.
The 400-person company, which we explored in great detail in our EC-1 , was co-founded by Luis von Ahn, the inventor of CAPTCHA and reCAPTCHA, and Severin Hacker. The company has had a somewhat circuitous journey — full of trial and error — on finding the perfect business model. billion, has officially filed to go public.
The company said the layoffs were part of “realigning our global workforce.” CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.” The reality is that a lot of companies did over hire at some point.
The companys global CIO didnt offer details but noted that the outage was not related to a cybersecurity attack. Dangers of third-party software updates McDonalds wasnt the only company plagued with point-of-sale outages. The admission came after YouTuber The Net Guy found malware on Acemagic mini PCs when testing them.
More consolidation is apace in the world of payments: Nexi , the Italian fintech that scooped up rivals Danish-based Nets and then Italy’s SIA to create a $12.5 In addition to payments companyNets/Concardis, Orderbird’s other investors had included Digital+ Partners and Metro Group, and it had raised around $55 million in all.
Which is why Advanced Ionics is a hydrogen company that has nothing to do with transportation. Amid the crowd of hydrogen companies hoping to elbow their way into these markets, Advanced Ionics hopes its more efficient approach to using electrolysis will give it an unfair advantage in producing hydrogen.
Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. Paul Boynton, co-founder and COO of Company Search Inc.,
These venues for buyers and sellers of business-related products are exploding in popularity, fueled by better infrastructure, payments and security on the back-end and companies’ increased need to conduct business online during the pandemic. But one area of the B2B e-commerce sector holds outsized promise: marketplaces.
Companies with best-in-class retention grow at least 1.5x-3x It’s no surprise, given all this, that companies with higher net revenue retention often command higher valuations. How can companies know if their retention rate is up to par? Percentage of companies that had a higher net revenue retention vs. previous year.
Here’s about 1,000 words on something that I’ve been chewing on for a few weeks! — Alex Under pressure Modern software companies grow in two key ways. It’s simple enough to understand: As SaaS companies sell their code on a subscription basis, they collect revenues over time. Sounds tough, right?
The company said it does not expect the bank to have a material impact on its consolidated balance sheet, total net revenue, gross profit, or adjusted EBITDA in 2021. Opening the bank “deepens Square’s unique ability to expand access to loans and banking tools to underserved populations,” the company said.
The Glendale, California-based company, which offers a platform for building services professionals, priced its IPO at $71 per share late Wednesday. That was above the projected range of between $65 and $67 and set an initial valuation for the company of around $6.3 It trades under the symbol TTAN.
Toast, a financial software company focused on restaurants, has remained one of the leaders in the space. The company, founded in 2011, went public in late 2021 in an IPO that valued it at around $18 billion. Toast also said it is on track to generate revenues of $2.6 billion this year.
According to research by Gainsight, a customer success software platform, “companies that invest 10% or more of their revenue into the CS function have the highest net recurring revenue (NRR).”. Simply put, these jobs serve a critical role in tech companies today. Companies mostly deploy two or more customer success archetypes.
Helion Energy , a clean energy company committed to creating a new era of plentiful, zero-carbon electricity from fusion, today announced the close of its $0.5 Round-leader Altman has been involved in the company as an investor and chairman since 2015. ” TechCrunch was surprised to learn of the company’s $1.5
billion into the co-working company WeWork in the summer of 2017 when it was still privately held, at a reported valuation of $20 billion. It went on to invest even more in the company and to lose nearly its entire investment. Most famously, SoftBank plowed $4.4 At the time, SoftBank had invested roughly $10.5
The Glendale, California-based company, which provides cloud-based software for residential and commercial HVAC, plumbing, electrical and other field-service businesses, filed its S-1 Monday. Founded in 2012, the company had previously raised at least $1.5 Net loss for that period totaled $92 million in 2024, down 12% from a year ago.
Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. Among them, millennials decamped from their rentals in crowded cities to accelerate their first home purchases to the benefit of proptech companies and challenger mortgage players alike. Jake Jolis.
For SaaS companies, net dollar retention is on investor radar more than ever. And yet, the co-head of Vista Equity Partners’ growth-stage Endeavor Fund added, most VCs she talked to “probably only care about net retention.” Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Sign up here.
Software companies tend to have relatively high customer retention and expansion compared to other business models. For software, two metrics are commonly used to measure retention and expansion: Gross Dollar Retention (GDR) Net Dollar Retention (NDR), sometimes referred to as Net Revenue Retention, or Dollar Based Net Revenue Retention.
.” However, today the two companies confirmed the deal is officially off. Plaid’s Zach Perret: ‘Every company is a fintech company’ Plaid was a bit more upbeat in its own notes, writing that in the last year it has seen “an unprecedented uptick in demand for the services powered by Plaid.”
It crashed some companies as assuredly as it gave others a boost. Roblox , the gaming company that targets kids, has been a beneficiary during the COVID-19 pandemic , as folks stayed home and, it appears, gave their kids money to buy in-game currency so that their parents could have some peace. Let’s talk about it.
If you’ve refinanced or purchased a home digitally lately, you may not have noticed the company powering the software behind it — but t here’s a good chance that company is Blend. Today, Blend made its debut as a publicly traded company on the New York Stock Exchange, trading under the symbol “ BLND.” million in 2019.
Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Meanwhile you can probably count on one hand the number of fintech companies serving the needs of seniors, despite that being such a huge population,” he added. It almost feels unfair.
The company unveiled its next-generation 5G infrastructure, promising faster speeds, lower latency, and greater efficiency. The company also introduced its vision for 6G, emphasizing AI-driven networks that will redefine the future of connectivity.
At the same time, it’s taking a lot longer to secure startup funding than it did just a few months ago, which means many companies are burning cash faster than they can raise it. But say that you are burning $2 million in a quarter, and you are only adding $500,000 of net new ARR. Walter Thompson. Editorial Manager, TechCrunch+.
The number of new unicorn companies ticked up in 2024, driven largely by U.S.-based based AI companies, an analysis of Crunchbase data shows. The Crunchbase Unicorn Board added 110 companies globally last year, up from 100 in 2023, with the U.S. Altogether, these companies are valued at north of $5 billion.
While rapidly rising interest rates in the United States have caused more than a few financial institutions to topple , a group of well-known fintech companies are posting signs of a comeback. For perspective, consider that net interest income at Wells Fargo in the first quarter amounted to $13.3 billion , up 45% from a year earlier.
The move came, according to an employee who wished not to be named, after the digital mortgage company hired a crisis firm earlier this week. The pressure seemingly intensified over the past few months as the company took a hit when the number of refinancings declined. “It Securities and Exchange Commission.
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