Latest news with #ARR
Entrepreneur
a day ago
- Business
- Entrepreneur
Sysdig Eyes $1 Billion ARR, India Represents One-Third of its APJ Business
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. US-based cloud security company Sysdig plans to clock USD 1 billion annual recurring revenue (ARR) in the next 3-5 years, the company's top management said at a recent media interaction in Bengaluru. While the company does not break down country-specific revenue figures, India plays a strategic role in its growth across the region. "Traditionally, international contributions fall along a 50-40-10 split between the US, EMEA (Europe, Middle East, and Africa), and APJ (Asia Pacific and Japan). But APJ has consistently outperformed that baseline, and India is a major driver of that momentum. In fact, India represents roughly one-third of our APJ business and continues to punch well above its weight," Shantanu Gattani, SVP of Product Management and Infrastructure at Sysdig told Entrepreneur India. Sysdig believes it has taken a unique approach to cloud security. "While the early adoption of cloud security focussed on cloud security posture management, it's become clear to users, analysts, and the industry as a whole that you need end-to-end security, meaning from prevention through threat detection and response. As the leader in runtime cloud security, we use the unique insight into what is running in production to help security teams make better prioritized decisions across the software lifecycle," Gattani said. For Sysdig in India, banking, financial services, and insurance (BFSI) is a major focus vertical as they modernize legacy systems and move critical applications to the cloud. "We are also seeing strong momentum across government, telcos, and high-growth digital-native businesses. These are sectors where downtime is unacceptable, data sensitivity is high, and cloud-native adoption is accelerating," said Gattani. Growth Drivers in India Sysdig believes India's growth is driven by the ongoing cloud-first transformation. "From digital-native startups to traditional enterprises, everyone is racing to modernise. The acceleration, however, creates both opportunity and risk. And as organisations adopt cloud architectures – whether that's fully in public cloud, private, or hybrid – the complexity of securing these environments increases dramatically," said Gattani. "DevSecOps is also gaining serious traction. Whether organisations are doing development in-house or via third-party vendors, we enable them to shift security left and make better-informed decisions earlier in the process. Combine that with India's surging cloud growth and regulatory modernisation, and it's clear why Sysdig has invested in India," he added. For Sysdig, India is on track with its broader APJ growth ambitions, which follow a "Double—Double" model: doubling the business every two years. "What's exciting is that we are seeing real traction here, not just in numbers, but in depth – more enterprise customers, more mission-critical workloads, and more strategic partnerships. With the investments we have already made – including a local cloud instance for data residency and compliance and continued focus across the board, we have high hopes that our growth in India will continue to outpace our projections," said Gattani. In India, Sysdig has been focused on supporting both mid-sized and large enterprises undergoing cloud transformation or managing hybrid environments. These organizations face the toughest challenges: complex infrastructures, heightened regulatory demands, and the need to secure innovation without slowing it down. "With that said, we are also supporting fast-growth companies and digital-native SMBs who want to get cloud security right from the start. Whether they use our open source tools – like Falco or Stratoshark – or adopt our enterprise platform as they scale, we are ready to grow with them. Ultimately, Sysdig is built to be flexible. From SaaS to on-prem deployments, we meet our customers wherever they are in their cloud journeys," said Gattani.
TechCrunch
2 days ago
- Business
- TechCrunch
Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone
Less than a week after it became Europe's latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers. With only 45 full-time employees, and 14 open positions on its careers page, that makes for an impressive employee-to-revenue ratio. Subscriptions seem to be driving the bulk of Lovable's revenue, but the company isn't prioritizing sales at all costs. Shortly after Lovable said it had reached ARR of $75 million in June, its CEO Anton Osika wrote on X that Lovable had 'lost $1.5 million ARR in a single day' because it had moved all users on its Team tier to its less expensive Pro tier, which now also accommodates collaboration. The Teams plan is now being replaced by a Business tier, which sits between the Pro and custom Enterprise offerings. The new plan offers business-focused features such as self-serve, Single Sign-On (SSO), templates, private projects that won't be visible to the entire team, and the option to opt-out from having your data be used for training. Lovable already has a slate of large customers like Klarna, Hubspot and Photoroom, but there are still notable barriers and concerns around vibe coding among enterprises — where the big money is. This new tier could help Lovable find intermediary use cases and drive more businesses to use its tools for more than prototyping, which is what the startup says most people use it for today. This has been one focus for the company, and Osika recently said that businesses were driving significant revenue from projects built with Lovable. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW The startup says more than 10 million projects have been created on Lovable to date. The $100 million ARR club isn't large, especially in Europe, but it is growing thanks to tailwinds from all things AI. In April, Nvidia-backed B2B AI video platform Synthesia, also surpassed that milestone — though it was founded in 2017, not late 2024.
South Wales Guardian
4 days ago
- Politics
- South Wales Guardian
Afghan data leak inquiry to be conducted by Parliament's security watchdog
Lord Beamish, chairman of the Intelligence and Security Committee of Parliament (ISC), said the cross-party group would launch a probe after considering defence assessment documents related to the case. The peer has previously voiced concern over 'serious constitutional issues' raised by the handling of the breach that saw the details of 18,714 applicants for the Afghan Relocations and Assistance Policy (Arap) scheme released in 2022. The leak prompted an unprecedented superinjunction amid fears the Taliban could target would-be refugees for reprisals, meaning the ISC, which routinely reviews sensitive material, was not briefed. It also saw the establishment of a secret scheme, the Afghanistan Response Route (ARR), to bring some of those affected to the UK at a projected final cost of about £850 million. In a statement on Monday, Lord Beamish said the committee 'has agreed that, once it has considered the requested material, it will conduct an inquiry into the intelligence community's role and activity in connection with the loss of data relating to Arap applicants in February 2022'. The Ministry of Defence said it had been instructed by Defence Secretary John Healey to give 'its full support' to the committee. The ISC, which is made up of MPs and peers, had asked for the release of defence assessments that formed the basis of the superinjunction, as well as other material relating to the Arap scheme. It hard argued that under the Justice and Security Act 2013, classification of material is not grounds on which information can be withheld from the committee, given its purpose is to scrutinise the work of the UK intelligence community. Thousands of Afghans included on the list of people trying to flee the Taliban are unlikely to receive compensation after their details were accidentally leaked. A spokesman for the Ministry of Defence (MoD) said the Government would 'robustly defend' any legal action or bid for compensation, adding these were 'hypothetical claims'. It has also been reported that the MoD will not proactively offer compensation to those affected. In total, the Government expects 6,900 people to be brought to the UK under the ARR scheme, which was introduced under the previous Tory administration after a defence official leaked the data 'in error' in February 2022. Along with the Afghan nationals, the breach saw details of more than 100 British officials compromised, including special forces and MI6 personnel. An MoD spokesman said: 'The Government strongly welcomes the Intelligence and Security Committee's scrutiny of the Afghan data incident. 'We recognise the urgent need to understand how these significant failures happened and ensure there's proper accountability for the previous government's handling of this matter. 'The Ministry of Defence has been instructed by the Defence Secretary to give its full support to the ISC and all parliamentary committees. If incumbent ministers and officials are asked to account and give evidence, they will. 'We have restored proper parliamentary accountability and scrutiny for the decisions that the department takes and the spending that we commit on behalf of the taxpayer.'
North Wales Chronicle
4 days ago
- Politics
- North Wales Chronicle
Afghan data leak inquiry to be conducted by Parliament's security watchdog
Lord Beamish, chairman of the Intelligence and Security Committee of Parliament (ISC), said the cross-party group would launch a probe after considering defence assessment documents related to the case. The peer has previously voiced concern over 'serious constitutional issues' raised by the handling of the breach that saw the details of 18,714 applicants for the Afghan Relocations and Assistance Policy (Arap) scheme released in 2022. The leak prompted an unprecedented superinjunction amid fears the Taliban could target would-be refugees for reprisals, meaning the ISC, which routinely reviews sensitive material, was not briefed. It also saw the establishment of a secret scheme, the Afghanistan Response Route (ARR), to bring some of those affected to the UK at a projected final cost of about £850 million. In a statement on Monday, Lord Beamish said the committee 'has agreed that, once it has considered the requested material, it will conduct an inquiry into the intelligence community's role and activity in connection with the loss of data relating to Arap applicants in February 2022'. The Ministry of Defence said it had been instructed by Defence Secretary John Healey to give 'its full support' to the committee. The ISC, which is made up of MPs and peers, had asked for the release of defence assessments that formed the basis of the superinjunction, as well as other material relating to the Arap scheme. It hard argued that under the Justice and Security Act 2013, classification of material is not grounds on which information can be withheld from the committee, given its purpose is to scrutinise the work of the UK intelligence community. Thousands of Afghans included on the list of people trying to flee the Taliban are unlikely to receive compensation after their details were accidentally leaked. A spokesman for the Ministry of Defence (MoD) said the Government would 'robustly defend' any legal action or bid for compensation, adding these were 'hypothetical claims'. It has also been reported that the MoD will not proactively offer compensation to those affected. In total, the Government expects 6,900 people to be brought to the UK under the ARR scheme, which was introduced under the previous Tory administration after a defence official leaked the data 'in error' in February 2022. Along with the Afghan nationals, the breach saw details of more than 100 British officials compromised, including special forces and MI6 personnel. An MoD spokesman said: 'The Government strongly welcomes the Intelligence and Security Committee's scrutiny of the Afghan data incident. 'We recognise the urgent need to understand how these significant failures happened and ensure there's proper accountability for the previous government's handling of this matter. 'The Ministry of Defence has been instructed by the Defence Secretary to give its full support to the ISC and all parliamentary committees. If incumbent ministers and officials are asked to account and give evidence, they will. 'We have restored proper parliamentary accountability and scrutiny for the decisions that the department takes and the spending that we commit on behalf of the taxpayer.'
Rhyl Journal
4 days ago
- Politics
- Rhyl Journal
Afghan data leak inquiry to be conducted by Parliament's security watchdog
Lord Beamish, chairman of the Intelligence and Security Committee of Parliament (ISC), said the cross-party group would launch a probe after considering defence assessment documents related to the case. The peer has previously voiced concern over 'serious constitutional issues' raised by the handling of the breach that saw the details of 18,714 applicants for the Afghan Relocations and Assistance Policy (Arap) scheme released in 2022. The leak prompted an unprecedented superinjunction amid fears the Taliban could target would-be refugees for reprisals, meaning the ISC, which routinely reviews sensitive material, was not briefed. It also saw the establishment of a secret scheme, the Afghanistan Response Route (ARR), to bring some of those affected to the UK at a projected final cost of about £850 million. In a statement on Monday, Lord Beamish said the committee 'has agreed that, once it has considered the requested material, it will conduct an inquiry into the intelligence community's role and activity in connection with the loss of data relating to Arap applicants in February 2022'. The Ministry of Defence said it had been instructed by Defence Secretary John Healey to give 'its full support' to the committee. The ISC, which is made up of MPs and peers, had asked for the release of defence assessments that formed the basis of the superinjunction, as well as other material relating to the Arap scheme. It hard argued that under the Justice and Security Act 2013, classification of material is not grounds on which information can be withheld from the committee, given its purpose is to scrutinise the work of the UK intelligence community. Thousands of Afghans included on the list of people trying to flee the Taliban are unlikely to receive compensation after their details were accidentally leaked. A spokesman for the Ministry of Defence (MoD) said the Government would 'robustly defend' any legal action or bid for compensation, adding these were 'hypothetical claims'. It has also been reported that the MoD will not proactively offer compensation to those affected. In total, the Government expects 6,900 people to be brought to the UK under the ARR scheme, which was introduced under the previous Tory administration after a defence official leaked the data 'in error' in February 2022. Along with the Afghan nationals, the breach saw details of more than 100 British officials compromised, including special forces and MI6 personnel. An MoD spokesman said: 'The Government strongly welcomes the Intelligence and Security Committee's scrutiny of the Afghan data incident. 'We recognise the urgent need to understand how these significant failures happened and ensure there's proper accountability for the previous government's handling of this matter. 'The Ministry of Defence has been instructed by the Defence Secretary to give its full support to the ISC and all parliamentary committees. If incumbent ministers and officials are asked to account and give evidence, they will. 'We have restored proper parliamentary accountability and scrutiny for the decisions that the department takes and the spending that we commit on behalf of the taxpayer.'
