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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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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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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. billion a year ago, according to company results posted Thursday.

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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
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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

” So far the company has done more than 10,000 inspections for roughly 250 vessels around the world. Some of its more reputable customers include Columbia Shipmanagement (one of the world’s largest privately owned shipping companies), Marlow Navigation, USC Barnkrug, CTM and The Asian Spirit Steamship Company.

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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. Even more, the company’s growth target for its current fiscal year brackets investor expectations. Tech companies are racing to avoid the same fate.

Company 228
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Electric automaker Rivian valuation pops above GM, Ford in biggest IPO of 2021

TechCrunch

The euphoria around Rivian kicked into overdrive Wednesday as it debuted as a publicly traded company, with an opening share price of $106.75. ” And while Rivian is very early in terms of its vehicles and launch, Scaringe said investors see and are valuing the company based on its future potential as well. billion). .”

.Net 248