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The company announced on Wednesday that Gong, a startup company that helps companies that help companies predict their revenues from potential sales, exceeded $ 300 million of annual repeated revenues.
Since its foundation in 2016, Gong International has used the analysis of customer interactions. Adding the capabilities of artificial intelligence in recent years has helped fuel the company’s growth.
“We see a great momentum. This is why we are excited to share numbers.”
Gong The last value of $ 7.25 billion When I raised E -$ 250 million in 2021 in a deal led by Franklin Timbalon, with the participation of Coature, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global.
Many companies funded in 2020 and 2021 have received inflated reviews for their revenues and since then they have been struggling to justify them.
Assuming that Gong is still valued at $ 7.25 billion, the latest ARR number means that the company is now estimated at 24 times from ARR and put Gong in the same bucket as some of the most viewed companies, which have seen.
But Gong’s evaluation may still be high for some of the latest startups that grow exceptionally. For example, Anysphere, the AI, has been estimated recently 25 times Arr. Anysphere reached $ 100 million in ARR from low millions In less than a year. (Investors usually assign higher assessment complications for startups with faster growth rates.)
Although Bendov did not participate in Gong’s growth growth, he said it was within the scope of the “SAAS Quartet”. (the Bessemer Ventures It indicates that the top cloud companies have annual income growth rates ranging from 25 % and 56 %.
It is possible that the current Gong path for ARR and the growth path of the company on the road to the public subscription, and Bendov admitted that the general offer will be an important milestone but he said it is not in business for 2025. We are focusing on building amazing products.
If the public subscription is not, as in raising another round of investment sources, Bendouf said Gong is almost profitable and still has a lot of money from the 2021 round. “We almost did not touch it.”