One final $100M ARR company and the startups we want to meet in 2021 – TechCrunch

As we head Towards the 2020 exit, we have another name to add to the roll call of private companies that have reached $ 100 million annual recurring revenue (ARR) milestones. Well, one and a half.

But before we get in Nexthink And give an honorable mention to the coalition, let us talk about the startups we are looking for in 2021.

$ 100 million ARR list Along with the accident, a bizarre incident of a news cycle that occurred with some companies when I was in transition back to work at TechCrunch. So, when I came back to our WordPress install, the group of companies that had recently reached nine-figure revenue Top of mind.

But the $ 100 million ARR proved less useful than looking at companies, as we might expect. Most of the work we did was to collect a bucket of companies that were going to go public.

This was always a risk. As we wrote at the time:

Perhaps the startup market would do well to celebrate the $ 50 million ARR mark even more vigorously. At $ 50 million ARR, a startup is increasing the size of the IPO. That is the goal, after all.

This is our goal 2021.

If your startup is approaching the $ 50 million ARR mark or the $ 50 million annual run rate limit, I want to hear from you. If your startup has an annual run rate of between $ 35 million and $ 60 million, skip a line, privately held, and you’re willing to chat about how fast it’s growing . (Exchange First picked up this idea in november.)

The exchange searches for startups, markets and money. Read it Every morning at extra crunch, Or get Exchange newsletter every Saturday.

But that’s next year. Today, let’s talk about Nexthink, What is the “digital employee experience” and what’s good with cyber insurance and why it’s helping alliance growing fast.

Nexthink IPO gets ready

Nexthink is an enterprise-backed software company with headquarters in Lausanne, Switzerland and Boston. according to this pitch book, Nexthink raised nominal capital from 2006 to 2014, when the startup made a $ 14.5 million Series D. Its first value in that round was over $ 10 million.

From there, Nexthink was a venture capital success story, possibly scaling back quickly as it raised two big rounds of $ 40 million and $ 85 million in 2016 and 2018, respectively. Nexthink was valued at a little over $ 558 million (post-money) after its 2018 round.

How does it attract so much external wealth? By building digital experience monitoring software. Which, after a little research this morning, is software aimed at keeping track of what corporate end-users are doing with devices and how well the software running on those devices works.