M-Files Reaches Centaur Status with $100M ARR
Bessemer Ventures estimates that only 50 new software-as-a-service (SaaS) businesses reached Centaur status last year.
- Bessemer Ventures estimates that only 50 new software-as-a-service (SaaS) businesses reached Centaur status last year.
- M-Files is the only pure-play modern platform in its space, delivering innovative capabilities and winning customers across multiple industries against legacy providers.
- First introduced by Bessemer Ventures, the designation of Centaur goes to privately held SaaS companies that have hit $100M in annual recurring revenue (ARR).
- “M-Files is a rarefied business, not just for the fact it has exceeded $100M in ARR - something rarer than unicorn status,” said Antti Nivala, founder and CEO, M-Files.