Today, I’m happy to share that Camunda has crossed the threshold of $100 million in annual recurring revenue (ARR).
The significance of the milestone is well summarized in this TechCrunch article: “At $100 million ARR, the startup is an undeniable success. It is impossible to build a $100 million ARR business without strong product-market fit, a scalable sales and marketing organization, and a critical mass of customer traction that allows the company to plan its next steps well into the future.”
I vividly remember how, about ten years ago, I pitched Camunda to a number of mentors (former operators and angel investors) in San Francisco, and how they candidly told me that they don’t think this company will ever become a $100m business. At that time, we had no customers in the US and, in fairness, were not sure how to build a sizable software company. In hindsight, I totally understand where they were coming from, and I’m all the more glad and grateful that we figured it out.
My gratitude goes to our customers, partners, and overall community, who trust Camunda to orchestrate their most critical core processes and enable their digital transformations. Without your collaboration, we would never have re-invented our technology to become today’s next-gen process orchestration solution that is unmatched in the IT industry—I know this is not a humble statement, but it’s just factually true.
I am also grateful for our team, whose talent, drive and integrity continue to amaze me every single day. Frankly, it’s the kind of team that is just unstoppable (and if that sounds tempting, why don’t you join us 🙂 ).
Last but not least, I want to thank our investors. They’ve proven to be great partners, challenging us where appropriate, but always in a constructive and helpful manner. When I informed them about this milestone and my intent to announce it, we had this idea to let them share their two cents on what makes Camunda special and is driving our success.
“Camunda has proven that great things can happen with a focused strategy and a strong product-market fit. This impressive accomplishment is testament to their cohesive team, commitment to customers, and decisive leadership.”
—Matt Gatto (Insight Partners)
“While scaling to $100m ARR is an exceptional milestone on its own, perhaps even more impressive and rare is the fact that the Camunda team have done so with no cash burn along the way—the ultimate definition of capital efficient growth. Camunda has achieved this through strong execution and an unwavering focus on product. As companies embrace hyperautomation, we are excited to see Camunda’s process orchestration suite become the true gold standard for many of the largest global enterprises and across some of the most complex and high-impact use cases.”
—Sam Brooks (Highland Europe)
The last sentence in Sam’s statement can be connected to what I quoted from the TechCrunch article above: Crossing $100m in ARR “allows the company to plan its next steps well into the future.” That is exactly what we’ve been doing in the past few months, and I look forward to sharing our plans with all of you at CamundaCon New York (Oct 16-17). Seats are limited, so sign up now.
See you there!
