The Ledger
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Senior engineers in New Delhi cost $35K to $40K annually
“Senior engineer at about like four to six years of experience... Roughly 35 to 40,000 dollars a year.”
Photographers are not a lucrative SaaS customer persona
“And you see photographers are not that high paying persona.”
Spyne creates product catalogs for Walmart, Penske, and Shift
“We work with a lot of large internet companies like Walmart, some of the large companies in the U S as well. Penske motors, one of them shift. So some of these like very, very large companies work with us to create their catalogs.”
Spyne serves over 140 enterprise clients globally
“We have got about like a 140 plus clients all across the globe right now.”
Automotive currently drives 80 percent of Spyne's business
“So majorly, 80% of the business is automotive right now.”
Spyne is currently operating at a $3M annual run rate
“So we are not, not not, not all the customers are in that ACV zone right now, but we are roughly at about three million.”
Spyne projects a $10M to $12M run rate by year-end 2023
“So we are targeting about 10 to twelve million kind of.”
Spyne was at $250K to $300K ARR just one year ago
“So we were at about like 300 K, two 50 to 300 K. An ARR one year ago.”
Spyne raised early 2022 funding at a $25M post-money valuation
“Yeah, no, post when it was 25. So there was some secondary which also happened.”
Accel bought out early angels to prevent founder dilution
“So there were some of the angel investors, which Axel wanted slightly more percentage in the company. So but they didn't want to dilute the primary equity of the founders like us, right? So they offered an exit to some of the earlier angel investors.”