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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

.Net 233
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Defining a new era of exponential companies

CIO

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.

Company 342
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Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

TechCrunch

Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy. The global market for commercial refrigeration is worth $37 billion, according to Grand View Research. Magnets and water net Magnotherm $6.9M

.Net 228
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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. On a call with TechCrunch, Rehmann narrated his journey to starting the company. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5 billion fish deficit.

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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

The move comes just under one year after the New York-based company laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic. Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company.

.Net 260
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The Buzziest Companies Trading On This New Secondary Markets Platform

Crunchbase News

The secondary markets — where stakeholders can sell private company shares to investors ahead of an IPO, acquisition or other exit — appear to be rebounding again as valuations drop, a slew of new dedicated secondary funds launch, and the backlog of highly valued unicorn startups swells.

Marketing 116
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Usage-based pricing is a company-wide effort

TechCrunch

UBP is a company-wide effort and requires ditching the old SaaS metrics playbook. Consider Snowflake, a data warehousing company that went public in 2020 and now has a $100 billion market cap. The company’s net retention actually rose from 158% in Q2 of fiscal 2021.

Company 214