Thursday, May 18, 2023

SaaS firm Whatfix hits $50 million ARR, eyes new funding round

The Bengaluru-based company recorded $50 million in annual recurring revenue (ARR)—a key metric for software-as-a-service (SaaS) businesses—from about $20 million in 2021, according to two people familiar with the company’s performance.

from Tech-Economic Times https://ift.tt/jsNUL0J
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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...