Hiya and welcome again to our common morning have a look at non-public firms, public markets and the grey area in between.
Right now we’re including a couple of names to the $100 million annual recurring income (ARR) membership. The brand new entrants come after we kicked off 2020 with a earlier 4 new members. To this point in January, we’ve additionally highlighted SiteMinder’s $70 million ARR and anticipated ramp to $100 million, Cloudinary’s $60 million ARR sans enterprise capital and Seattle’s ExtraHop, which expects to succeed in $100 million ARR this 12 months.
The $100 million ARR membership, in case you’re simply becoming a member of us right this moment, is an inventory of yet-private firms which have both reached the $100 million ARR mark, or are near reaching it and have plans to crest the brink in brief order. The purpose of writing and publishing the checklist is to supply a non-valuation lens by which we are able to view the non-public market’s main constituents. Income milestones matter greater than valuation bumps.
This morning we’re digging into MetroMile, Tricentis, Kaltura and Diligent (with a caveat). Let’s start!