A valuation is a just headline number which have no operational bearing. Their ARR in 2022 was around $400M-450M. Say the infra budget at a typical 10% would b

A valuation is a just headline number which have no operational bearing. Their ARR in 2022 was around $400M-450M. Say the infra budget at a typical 10% would be $50M. While it is a lot of money, it is not build your hardware money, also not all of it would be compute budget. They also would be spending on other SaaS apps like say Snowflake etc to special workloads like with GPUs, so not all workloads would be in-house ready. I would surprised if their commodity compute/k8s is more than half their overall budgets. It is lot more likely to slow product growth to focus on this now, especially since they were/are still growing rapidly. Larger SaaS companies than them in ARR still find using cloud exclusively is more productive/efficient.