Gong Surpasses $300M ARR: AI Revenue Prediction Startup Eyes Potential IPO

Gong, an AI-powered revenue prediction startup, hits $300M in ARR, signaling strong growth and potential IPO plans.
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Gong Surpasses $300M ARR: AI Revenue Prediction Startup Eyes Potential IPO
Gong, a startup that helps companies predict their revenue from potential sales, has surpassed $300 million in annualized recurring revenue, the company announced on Wednesday.  Image Credits:Porpimone Audkamkong / Getty Images Since its founding in 2016, Gong has used AI to analyze customer interactions. The addition of generative AI capabilities in recent years has helped to fuel the company’s growth. “We’re seeing great momentum. That’s why we’re excited to share the numbers,” Gong CEO Amit Bendov  said. Gong was last valued at $7.25 billion when it raised a $250 million Series E in 2021 in a deal led by Franklin Templeton with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital, and Tiger Global. Many companies funded in 2020 and 2021 received inflated valuations relative to their revenue and have since struggled to justify them. Assuming that Gong is still valued at $7.25 billion, the latest ARR figure implies that the company is now valued at roughly 24 times ARR a…