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James has raised $126m to hit revenues of $45m and has multiple larger competitors that could pay more than $1b for Cognism. He's in a hot space, with plenty of capital flowing around from potential buyers like Hubspot, Salesforce, and ZoomInfo.
Jim has hit $100m in revenue in a very capital efficient way. They've only raised $0.60 for every dollar of ARR.
Cledara launched in 2018 despite legacy players with huge funding and marketshare. Today, they've opened offices in Barcelona and Denver and are some of the most in demand speakers at SaaS industry conferences because of their unique data set.