ClickUp Hit $300M ARR, How Fal achieves PMF and Scales to $100M ARR
Mercor may hit $450M ARRR, Ramp ARR Hit $1B
It’s been a while since we last heard from ClickUp. Once a hot SaaS darling, the company became famous for its “All-In-One” model—replacing a suite of productivity tools with a single app. That vision resonated with the market, helping it raise a record-breaking $400M in a single round.
While such a financing milestone might not look extraordinary in today’s AI-dominated climate, back before the AI boom, it was a rare feat.
ClickUp ARR Hit $300M
Today, ClickUp announced that it has surpassed $300M ARR. What’s notable is that ClickUp is sticking to its original SaaS philosophy even in the AI era: one AI to replace them all.
Its AI roadmap aims to connect projects, documents, people, and company-wide knowledge into AI-driven workflows.
This includes AI Agents for automating repetitive tasks, data analysis, and smart task management; Autonomous Projects for task assignment, progress tracking, and prioritization;
AI Meetings for automated notes, scheduling, and status updates; Enterprise AI Search & Ask for large-scale knowledge queries; and AI Creator, which turns ideas into visual assets, text, and actionable tasks.
Founder Zeb Evans describes the future of AI as moving away from today’s “add-on tools” toward deeply integrated, proactive, and personalized ambient AI:
Right now we’re still in the early days of AI—using it to draft faster, check documents, or answer questions. The problem is these tasks usually happen outside your actual workflow, which limits AI’s value.
The future is highly personalized work software. Imagine logging in and seeing not a generic dashboard but a page entirely tailored to you, showing only what matters most.
Within two years, you’ll notice that tedious, manual filtering and sorting is already being quietly handled by AI.
Interfaces will adapt to your role and workload. This is ambient AI—it blends into your environment, serving you invisibly like air itself. Not a tool you have to operate, but a smart partner that transforms how we work.
Meanwhile, other AI companies also revealed new milestones. Ramp, the rapidly scaling financial operations platform, has achieved an impressive annualized gross revenue of $1 billion.
This ARR milestone comes alongside a doubling of revenue year-over-year, from annualized revenue of $700 million in March.
Mercor, a cutting-edge AI training startup founded by young Thiel Fellows, has surged to an annualized revenue run rate (ARR) approaching $450 million as of September 2025.
VCs have been reaching out to Mercor preemptively with offers valuing the company at as much as $10 billion, and it reported a $6 million profit in H1 2025.
The growth pace across these companies feels almost unreal. Fal co-founder Gorkem Yurtseven once put it memorably:
You can’t really understand the meaning of “fast” until you’ve lived through it. The same goes for PMF—you only understand it by experiencing it.
Fal’s own story is proof. After hitting PMF, it scaled from zero to $50M ARR in just a few months—without a single salesperson.
Today, it’s over $100M ARR, growing 40% month-over-month, with more than 2M developers onboard. It recently closed a $125M Series C at a $1.5B valuation.
