Workato CEO Vijay Tella discloses total capital raised at his previous venture, Qik.
Assertion Not checkable as stated
Workato achieves at least 50% net revenue expansion from enterprise customers
“It's, you know, it's at least 50%, and it's higher when it goes to larger companies.”
Assertion Not checkable as stated
Workato sees almost zero churn among its enterprise customers
“Our churn and enterprise customers is basically almost nothing, you know, in smaller businesses. We do see churn, especially when people do integrations, like to kind of do a campaign.”
Prediction Didn’t hold up
Tella projected Workato would cross $50M ARR by 2020
“You know, I think, you know, we're looking to do that, do it you know, within the next one to two years.”
Disclosure
Workato's enterprise plans start at $60,000 and scale to seven figures
“That's the starting, the enterprise plans start at 60 K per year. And then, like I said, we have, you know, we have companies that pay us six and seven figures per year. And then we have line of business, which are more departmental purchases that, you know, g…”
Assertion Partly supported
Tella's mobile video app Qik reached 20M users before Skype acquisition
“It was a mobile video application that drew to twenty million users, and it got acquired by Skype in 2011.”
Assertion Supported
Skype paid $150M to acquire Tella's mobile video app Qik
“They paid one fifty million.”