Cloudinary passes $60M ARR without VC money

Hello and welcome back to our routine morning appearance at private companies, public markets and the gray space in between.

Today we’re continuing our exploration of business that have reached product scale, usually seen through the lens of yearly recurring profits (ARR). We’ve taken a look at business that have reached the $100 million ARR mark and a few that haven’t quite yet, but are on the method.

Today, an unique entry. We’re taking a look at a business that isn’t yet at the $100 million ARR mark. It’s 60% of the way there, but with a twist. The company is bootstrapped. Yep, from pre-life as a consultancy that developed an item to fit its own requirements, Cloudinary is cruising toward nine-figure repeating earnings and an IPO under its own steam.

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