Filed under: valuation
7 storiesThe archive, indexed. Every story carries its tags at the foot of the page.
Salesforce pays 6.8x revenue for Braze as rivals trade at 3x
Braze grew revenue 26% while lifting operating expenses 6%. Salesforce valued that gap at $5.66bn in cash, roughly double the multiple public investors were paying the day before.
Two $1.3bn exits in five weeks, both priced under 3x ARR
Bending Spoons has agreed to buy Miro at a $1.355bn enterprise value, five weeks after announcing Airtable at $1.285bn. About a third of the combined price was money the two companies already had in the bank.
Miro sells for $1.36bn, 92% below its 2021 price
Bending Spoons is buying the whiteboard company in cash. The 2021 mark was $17.5bn, and it is the second such deal in a month.
Kroll: growth pays 3x, margin above 25% pays nothing
Kroll's Summer 2026 software data puts public companies growing above 20% at 7.2x revenue and shrinking ones at 2.4x. Profitability barely moves the number.
Three AI firms hit $100m ARR. Multiples ran 50x to 100x
Harvey, Sierra and Legora each crossed $100m in annual recurring revenue within nine months. The venture capitalist Tomasz Tunguz argues the gap between their valuations is not explained by how fast they grew.
Airtable sells for $1.28bn, having raised $1.4bn
Bending Spoons is buying the spreadsheet-database company for cash, four and a half years after a private valuation above $11bn. The sale price is less than the money investors put in.
Airtable sells at 2.7x ARR, a ninth of its 2021 mark
Bending Spoons is buying Airtable at a $1.285bn enterprise value on roughly $480m of recurring revenue. The company was worth $11.7bn in December 2021 and raised $1.4bn along the way.