You can’t manage what you don’t measure; this is especially true within any SaaS business. In a fast moving environment, your team needs to be able to create tests and validate them with concrete data.
CloudKPI was created to help SaaS businesses predict their future performance and enable them to make decisions today in order to deliver better outcomes tomorrow. Their platform’s reporting and predictive analytics offer SaaS teams an automated solution to consolidate cross-business data, formulate accurate SaaS metrics and deliver insight – all exclusively tailored for SaaS.
How much is CloudKPI doing in ARR?
Formed in early 2018, CloudKPI is a pure-play SaaS company focused on providing a plug-and-play solution. They charge their customers on a monthly basis with the average pays approximately $275 per month today.
According to CEO Maeve Kneafsey, the company has landed three total customers early on, along with another two proof of concepts, and has hit $10k in ARR. Product pricing has admittedly been an issue for the company so far, but their team has decided to align pricing with customer ARR going forward. Learn more about pricing analytics here.
How is CloudKPI finding customers?
While still in the early days, CloudKPI has landed its initial customers through presentations and pitches at Silicon Valley accelerators. They are currently looking to target startups using outsourced CFOs and believe their product can provide significant value to this demographic.
The company aims to own the fast growing SaaS vertical and expand their reach as their audience scales up. With direct integrations to virtually any system and artificial intelligence baked in, CloudKPI appears to have the solution many young companies are craving.
How much has CloudKPI raised to date?
CloudKPI was founded with $200k in angel investment and has since gone onto raise an additional $500k from the Connecticut Innovations VentureClash competition. Kneafsey noted the company’s goal is to reach $1M in funding at a $5M valuation, however she believes the valuation will likely come in around $3.5M.
Stay tuned as this Irish company looks to make waves in the business intelligence space and close their $1M seed round!
