ARR

Glassbox Reports Record Growth in Cloud Subscription Revenue, Bolsters AI Advancements

Retrieved on: 
Wednesday, March 13, 2024
Apps, Applications, Technology, Mobile, Wireless, Other Technology, Software, Networks, Internet, Data Management, Artificial Intelligence, Cloud, Microsoft, Autonomy, AXA, The Co-operative Bank, VOC, Organization, Growth, ARR, ANZ (bank), Silent, GIA, App Store (iOS/iPadOS), CX, Insurance, Human voice, Yoy, Machine learning, Privacy, Human, Video game

Cloud subscription ARR surged by 54% YoY to $50.5 million.

Key Points: 
  • Cloud subscription ARR surged by 54% YoY to $50.5 million.
  • Notably, Glassbox secured a three-year, $42.3 million agreement with a prominent bank, which bolstered its cloud subscription revenue.
  • In the fourth quarter, revenue hit $14 million, a notable 22% growth YoY, with cloud subscription revenue seeing a 69% surge over the same period of 2022.
  • Glassbox also continued its upward trajectory in non-GAAP operating profit to 68.9% compared to 65.7% in the previous year.

Motive Closes Record Fiscal Year Fueled by AI Innovation and Accuracy

Retrieved on: 
Tuesday, March 12, 2024
Software, Accounting, Professional Services, Fleet Management, Data Management, Technology, Automotive, Artificial Intelligence, Audio, Video, Human Resources, Automotive Manufacturing, Other Automotive, Manufacturing, Cloud, SMB, Organization, Growth, ARR, Environment, Lytx, Sentry Insurance, Customer success, Travel, AI, Accident, Fortune 500, Fraud, Deloitte Technology Fast 500, Road, CSAT, Fatigue, ExxonMobil, G2, Retail

Motive , the AI-powered Integrated Operations Platform, closed a banner fiscal year driven by enterprise customer growth in 2023.

Key Points: 
  • Motive , the AI-powered Integrated Operations Platform, closed a banner fiscal year driven by enterprise customer growth in 2023.
  • "Motive is the preferred partner for many of the world's leading businesses, driven by our commitment to technology innovation and exceptional customer experience,” said Shoaib Makani, co-founder, and CEO at Motive.
  • "Since bringing on Motive, we've seen a 50% improvement in compliance and safety," said Gary Crueger, Chief Operating Officer at Cascade.
  • Highlights include:
    The Motive AI Omnicam , the industry’s first AI-enabled camera built for side, rear, passenger, and cargo monitoring.

Azul Reports Accelerated Growth Across Product Lines and Geographies, Boosted by Oracle’s Java Pricing Change and Rising Cloud Costs

Retrieved on: 
Tuesday, March 12, 2024
Data Management, Technology, Mobile, Wireless, Software, Networks, Internet, Cloud, Graviton, Consultant, Uncertainty, University of Sydney, ARR, Growth, University, Headache, Policy, ARM, AWS, Java Platform, Standard Edition, Cisco, Investment, Crac, Oracle, AWS Graviton, Intelligence, Cloud computing, Core, OpenJDK, Video game

Azul , the only company 100% focused on Java, today announced accelerated growth last year across its product portfolio and geographies, including unprecedented demand for its OpenJDK products in the wake of Oracle’s Java SE pricing policy change and enterprises grappling with soaring cloud costs.

Key Points: 
  • Azul , the only company 100% focused on Java, today announced accelerated growth last year across its product portfolio and geographies, including unprecedented demand for its OpenJDK products in the wake of Oracle’s Java SE pricing policy change and enterprises grappling with soaring cloud costs.
  • Since that announcement, Azul has seen tremendous growth in new customer bookings for its OpenJDK-based Oracle alternative, Azul Platform Core , with an increase of 49% year-over-year.
  • One customer, the University of Sydney, switched from Oracle Java to Azul Platform Core, looking for cost savings, greater predictability and ease of doing business.
  • Reinforcing its leadership in Java, Azul was also re-elected to the Java Committee Executive Team, a key steering committee for Java, its development and roadmap.

FiscalNote Announces Fourth Quarter and Full Year 2023 Financial Results; Exceeds Adjusted EBITDA Expectations

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Data Management, Security, Data Analytics, Technology, Software, Artificial Intelligence, Slate, Software as a service, ARR, Disclosure, LLM, Ernst & Young, Investment, European Parliament, Microsoft, SIAS, Committee, Partnership, Policy, Bell, IRR, Centerview Partners, Microsoft Bing, Organization, Intelligence, Acquisition, AI, Adjustment, Credit, European, GAAP, Public sector, ChatGPT, Government, OpenAI, Growth, FiscalNote, Ratio, Peraton, API, Patent

The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.

Key Points: 
  • The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.
  • This compares to revenue of $31.4 million and non-GAAP adjusted revenue of $31.5(1) million in the fourth quarter of 2022.
  • Adjusted EBITDA of $3.0 million(1), above the Company’s guidance range announced in November 2023 of approximately $2.5 million.
  • This is an increase of 157% or $8.2 million year-over-year compared to an adjusted EBITDA loss of $5.2 million(1) in the fourth quarter of 2022.

Neuron7.ai Announces Strategic Investment from ServiceNow Ventures and Debuts Resolution Intelligence on ServiceNow Store

Retrieved on: 
Monday, March 11, 2024
Professional Services, Data Management, Technology, Software, Venture Capital, Artificial Intelligence, GM, Growth, ARR, Field service management, Learning, ServiceNow, CSM, Case management, Risk, FSM, Knowledge, AI, ITSM, Intelligence, Multimedia, Gen

Neuron7 , the leader in AI for service resolution intelligence, today announced that its partner, ServiceNow, has made a strategic investment in the company through ServiceNow Ventures.

Key Points: 
  • Neuron7 , the leader in AI for service resolution intelligence, today announced that its partner, ServiceNow, has made a strategic investment in the company through ServiceNow Ventures.
  • Neuron7 released Resolution Intelligence on the ServiceNow Store , bringing value to joint customers across ITSM, CSM, and FSM workflows.
  • View the full release here: https://www.businesswire.com/news/home/20240311634072/en/
    Neuron7’s Resolution Intelligence helps enterprise organizations resolve issues across the service continuum.
  • This investment validates Neuron7’s approach to unlock knowledge and share continually optimized resolution paths at the point of impact.

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Tuesday, March 12, 2024
Software, Technology, Artificial Intelligence, Security, Microsoft, Azure, CLM, Microsoft Azure, Partner, ARR, Trust, Risk, Mercedes-Benz, PSP, History, SAP, AI, Johnson & Johnson, Murphy Oil, Krones, Sales

Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).

Key Points: 
  • Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • In 2023, three out of every four deals included Icertis AI products, pointing to increasing trust and measurable value delivered through its reliable, innovative AI models designed for complex contracting.

BlackBerry Reports Fourth Quarter and Full Fiscal Year 2024 Results

Retrieved on: 
Wednesday, April 3, 2024
MIH, SDP, ARR, Internet of things, Sale, BlackBerry Limited, Deployment environment, QNX, Record, AWS, TSX, Investment, Computer security, Stellantis, GAAP, BlackBerry, Total, Corporation, Bank

WATERLOO, Ontario, April 3, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months and fiscal year ended February 29, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Key Points: 
  • WATERLOO, Ontario, April 3, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months and fiscal year ended February 29, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
  • "BlackBerry delivered a solid finish to the fiscal year, setting a number of new records in the process.
  • "We also took small, but important steps forward for the Cybersecurity division, with ARR stabilizing and even increasing by 3% sequentially.
  • IoT revenue was an all-time quarterly record $66 million, a 25% year-over-year increase; IoT gross margin remained at 85%.

X2Engine Announces Acquisition of Groundbreaking Fraud Prevention Company

Retrieved on: 
Wednesday, April 3, 2024
ID, CRM, Organization, ARR, Growth, Acquisition

REDWOOD CITY, Calif., April 3, 2024 /PRNewswire/ -- X2Engine, a pioneering enterprise software company at the forefront of open-source CRM solutions, is thrilled to announce the acquisition of a transformative new transaction security company called Identifid.

Key Points: 
  • REDWOOD CITY, Calif., April 3, 2024 /PRNewswire/ -- X2Engine, a pioneering enterprise software company at the forefront of open-source CRM solutions, is thrilled to announce the acquisition of a transformative new transaction security company called Identifid.
  • A company whose patented technology is set to revolutionize how organizations combat fraud in person and online.
  • With the rapid growth of online transactions and digital interactions, the need for robust and reliable fraud prevention, security, and loss prevention systems has become paramount.
  • "We are delighted to announce this acquisition and expand our capabilities in this area," said David Buchanan, CEO of X2Engine.

Observe Announces $115 Million In Series B Financing

Retrieved on: 
Wednesday, March 27, 2024
Organization, Software as a service, Growth, ARR, Walking, Environment, Capital One, TCV, Venture round, Telemetry, Architecture, APM, OPAL, Series, NRR, Sutter Hill Ventures, Snowflake

SAN MATEO, Calif., March 27, 2024 /PRNewswire/ -- Observe, Inc. the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced the Company has closed a Series B funding round of $115 million led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures.

Key Points: 
  • The Series B funding, raised at a valuation 10x higher than the company's Series A round four years ago, promises to further accelerate Observe's growth.
  • Observe's headcount increased more than 50% and the company is scaling its sales organization as many tech companies pull back.
  • "Legacy monitoring and APM players, shackled by outdated architectures, are dead companies walking," said Jeremy Burton, CEO at Observe.
  • "We believe Observe is the future of Observability and we're incredibly excited to lead the Series B round," said Mike Speiser, Managing Director at Sutter Hill Ventures.

Data Protection Leader N2WS Appoints New Chief Revenue Officer to Drive Expansion Strategy

Retrieved on: 
Wednesday, March 27, 2024
AWS, Kubernetes, Azure, PALM, Marketing, Software as a service, ARR, Growth, Fortune 500, Alon

WEST PALM BEACH, Fla., March 27, 2024 /PRNewswire/ -- N2WS, a leading provider of data protection solutions for enterprise-grade production environments in the public cloud, proudly announces the appointment of Alon Maimoni as its new Chief Revenue Officer (CRO).

Key Points: 
  • WEST PALM BEACH, Fla., March 27, 2024 /PRNewswire/ -- N2WS, a leading provider of data protection solutions for enterprise-grade production environments in the public cloud, proudly announces the appointment of Alon Maimoni as its new Chief Revenue Officer (CRO).
  • In his new role, Maimoni will spearhead the establishment of a revenue organization within N2WS, encompassing marketing and sales, and the creation of a new customer success division.
  • "Alon's track record in scaling tech organizations, along with his strategic vision and hands-on approach, align perfectly with N2WS' mission to empower businesses with top-tier data protection", said Ohad Kritz, CEO of N2WS.
  • N2WS has been at the forefront of data protection solutions since it was founded in 2012.