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Reef.ai is helping companies track and expand net revenue retention

TechCrunch

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

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Peer-to-peer car-sharing company Turo files IPO to go public

TechCrunch

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

Company 262
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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

The Exchange explores startups, markets and money. But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market. Nubank has raised $2.3 On and on and on.

Marketing 260
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5 tips for better business value from gen AI

CIO

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.

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The air taxi market prepares to take flight

TechCrunch

billion valuation, ranking itself as the highest-valued electric vertical take-off and landing (eVTOL) company in the industry. It’s not the only air taxi company to reach unicorn status. The field is now dotted with new or soon-to-be publicly traded companies courtesy of mergers and special purpose acquisition companies.

Marketing 277
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DoorDash to acquire food delivery company Wolt

TechCrunch

On-demand delivery giant DoorDash announced Tuesday it was acquiring food delivery company Wolt in an all-stock deal valued at €7 billion, or $8.1 However, the company was unprofitable overall with a net loss of $102 million for the quarter. DoorDash aims to add $11 billion to its valuation during public offering.

Company 250
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Investor demands for profitability catch tech companies flat-footed

TechCrunch

Shares of DocuSign are off 25% in pre-market trading today after it reported earnings last night, pushing the value of shares in the e-signature company under pre-COVID levels. Given that the market is valuing DocuSign at a cheaper price than it did in early 2020, you might think that it is struggling. Don’t be.

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