Disclosure certainty 4/5 debate potential 1/5

Query.ai signed first customer in July 2020 on a multi-year contract

Andrew Maloney · Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A · Feb 7, 2022 · at 12:46

Andrew Maloney, co-founder and COO of Query.ai, discusses the company's early contract structure and net dollar retention with host Nathan Latka.

0:00 / 0:08exact quote · 8.6s
720p mp4 · rendered on demand · StarZero watermark
“We closed our first customer in July of 20 and that was actually a multi-year paid annual deal, right? So there was no upsell opportunity until the third year of that contract.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Andrew Maloney

Insight
Modern security requires decentralized data access rather than central aggregation
“The real market problem that we saw and aligned to as we really started to kind of test and validate is the need to do this across decentralized platforms because no one again has all that data in one place, which kind of an obvious aha moment looking back as …”
Andrew Maloney Feb 7, 2022 ▶ 4:45 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai targets $15M in ARR by the end of 2023
“We'd like to be at, or as close to fifteen million in ARR by the end of 20, 23, as we can be, which would make us, you know, hyper growth kind of company.”
Andrew Maloney Feb 7, 2022 ▶ 8:36 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai aims to reach $200k average contract values per customer
“And I think realistically we can get into the 200 K range pretty easily on our average customer.”
Andrew Maloney Feb 7, 2022 ▶ 2:45 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Disclosure
Query.ai ASP is under $100k, forecasting $125k in 2022
“Our ASPs today are just under a hundred K. We're planning on growing those to a one 25 and our 20, 22 forecast plans.”
Andrew Maloney Feb 7, 2022 ▶ 2:39 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Assertion Not checkable as stated
Query.ai secured just under 10 enterprise customers by late 2021
“We have just under 10 customers today with a couple more. We hope to get done in the last couple of weeks, always down to crunch time in the year.”
Andrew Maloney Feb 7, 2022 ▶ 5:59 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Prediction Not checkable as stated
Query.ai targets $4M in ARR by the end of 2022
“22 would be collectively about four million.”
Andrew Maloney Feb 7, 2022 ▶ 8:47 Security SaaS Hits $1m ARR, $70m+ valuation on $15m Series A
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.