SaaStr 677: MongoDB at $1.5 BILLION in Revenue: An Epic Growth Story
The Official SaaStr Podcast: SaaS | Founders | Investors
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Mongo's Customer Count Is Growing 24% at 1.5 Billion in AR
Mongo is growing again, a stunning 29% at 1.4 billion in ARR. Mongo's customer count is up 24% while its revenue is growing 29%. If your million dollar customers are growing at that rate and your new logos are growing almost 30% at this level of revenue, Mongo at the end of the day, mathematically is probably going to breeze to $10 billion inARR. The average customer spend more than doubles after two years. And they know on average that customer spend grows 2.1x after two years so they can lean in with their top 100 customers for enterprise use.
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