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Revenue prediction startup Gong surpasses $300M in annualized revenue, indicating potential IPO path
Gong, a startup that helps companies predict their revenue from potential sales, has surpassed $300 million in annualized recurring revenue, the company
Gong was last valued at $7.25 billion when it raised a $250 million Series E in 2021 in a deal led by Franklin Templeton with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital, and Tiger Global. For instance, Anysphere, the maker of the AI-powered coding assistant Cursor, was recently valued at 25 times ARR. Gong’s current ARR and growth trajectory likely puts the company on the path to IPO, and Bendov admitted that a public offering would be an important milestone but said it’s not in the works for 2025.
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