Têtu: Coveo will pass $100M ARR very imminently
Louis Têtu · 1165 Coveo CEO: "We'll pass $100m ARR imminently" on $150m raised for AI powered search · Oct 2, 2018 · at 8:10
Louis Têtu, CEO of AI search platform Coveo, is asked by Nathan Latka whether Coveo will reach $100M ARR.
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“We'll cross this and much more very imminently.”
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“And net, net overall this is a number we've published, because that's the actual measurement we're at about, net of that churn, we're at about 158% over 24 a month on average for the past six years.”
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“When you do what's called an NPV, a net present value, if you type that in with that type of IRR, what you'll realize is that looking way, looking beyond five, six, seven, actually beyond eight years out, it's plateau. It's a plateau basically, because if you …”
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“We have about a thousand installations, a little more than a thousand actually mostly in the high tech sector, financial services, and manufacturing.”