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> The company hit $100 million in annual recurring revenue after 18 months That's fast... Is that 18 months after launch or literally 18 months after starting
by olalonde 2y ago
> The company hit $100 million in annual recurring revenue after 18 months
That's fast... Is that 18 months after launch or literally 18 months after starting development?
- mylastattempt 2y agoYour quote from the article, is a link to another article, which provides the answer: > The cybersecurity software vendor said in August that it reached $100 million in annual recurring revenue after selling its product for just a year and a half. So that's 18 months after formal launch. Since we don't have their financial statements, you can only guess wether this is the value of signed deals or a review of actual recognized revenue for those 18 months. I suspect the first.