Starting revenue Gong’s revenue exceeds $ 300 million annual revenue showing a potential IPO road

Gong, starting, which helps companies forecast their revenue from potential sales, exceeded $ 300 million annual periodic revenue, the company said on Wednesday.

Since its founding in 2016, Gong has been using AI to analyze customers’ interactions. Adding generative opportunities for AI in recent years has helped to nourish the growth of the company.

“We see a great momentum. That is why we are excited to share the numbers, “Gong Amit Bendov CEO told TechCrunch.

Gong was Last estimated at $ 7.25 billion When he raised a series of $ 250 million in 2021, in a deal led by Franklin Templeton with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global.

Many companies, funded in 2020 and 2021, have received inflated rates against their revenue and have been struggling to justify them since.

Assuming that Gong is still estimated at $ 7.25 billion, ARR’s largest figure suggests that the company is now estimated at approximately 24 times ARR and puts a gong in the same bucket as some of the largest AI companies.

But Gong’s evaluation can still be increased from some newer, extremely fast-growing startup AI. For example, AnySphere, the manufacturer of the AI ​​encoding assistant, has recently been valuable to 25 times arrS AnySphere reached $ 100 million in ARR out of millions with low unit for less than a yearS (Investors usually assign multiple with higher startup rating at a faster growth rate.)

Although Bandov did not share the growth of Gong’s revenue, he said it was within the scope of “Best Public Saas Companies”. (Thehe Bessemer Ventures Cloud Index It shows that the best cloud companies have an annual growth growth rate of between 25% and 56%.) It counts among 4,500 corporate companies such as CANVA, Google, LinkedIn and Square, Bandov said.

The current ARR and the GONG growth trajectory probably puts the company on the road to IPO, and Bandov admitted that public offering would be an important stage, but said it was not in the work for 2025 ”(IPO) is very interesting, but not the most important thing. We focus on building incredible products, “he said.

If not IPO, as far as raising another circle of Venture sources, Bandov said the gong was almost profitable and still had a lot of money from his circle in 2021 “We almost didn’t touch it.”