Elon Musk's Starlink near $3B ARR
And Kong surpassed $100M ARR...
Hey, after a drive vacation, I am back now. Here are today’s Top signals:
The trending Starlink is nearing $3B ARR.
3 startups surpassed $100M ARR.
1 startup breaks $3M ARR, while it surpassed $2M ARR just weeks ago.
Trending Startup at Billion Dollar Club
1. Elon Musk’s Starlink near $3B ARR
Starlink was founded in 2014 by Elon Musk, Kimbal Musk, and Gwynne Shotwell who also founded SpaceX.
It now has 2.3M users from 70+ countries, and ARR is nearing $3B, hitting a $100B valuation?
More than 300,000 customers are currently using Starlink while traveling, providing connectivity to more than 60,000 fixed-site businesses and growing, and more than 10,000 vessels are now connected with Starlink.
100M ARR Club
2. Kong surpassed $100M ARR
Kong is an API management platform, spun out in 2017 from Mashape which started in 2009 with a small garage in Italy by Augusto Marietti and Marco Palladino.
$100M ARR is a huge milestone while only 4% of companies that reach $10 million ARR ever make it to $100 million ARR.
3. Pura Vida at $100M ARR
Pura Vida is a lifestyle brand that sells handmade bracelets, jewelry, and accessories.
In 2019, Pura Vida sold to a16z for $130M.
And now it has a $100M ARR.
4. Slice at $100M ARR
Slice is a platform that connects customers with independent pizzerias across the United States.
The ARR surpassed $100M, and the business is profitable.
1M ARR Club
5. Jenni AI at $3M ARR
Jenni AI is an AI assistant for all things in your academic journey.
They have been working on the startup for about 5 years, with an ARR of $2M just weeks ago, and now at $3M ARR in a fast-growing trend.