Remove 2022 Remove Churn Remove cloud efficiency
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5 Interesting Learnings from MongoDB at $1.5 Billion in ARR

SaaStr

That’s about as good as it gets in SaaS and Cloud! 2022 Saw a Slowdown in Usage Growth, But 2023 Saw a Potential Bounce Back. But those accounts grow dramatically over time, and don’t really churn. Still, they waited, and they have one of the highest public multiples in SaaS and Cloud. Let’s dig in: #1.

Scale 239
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MongoDB at $1.5B in Revenue — An Epic Growth Story

SaaStr

1 — 2022 Saw A Slowdown In Usage Growth, But 2023 Saw A Potential Bounce Back. Even with MongoDB’s epic growth, 2022 saw a big slowdown in usage growth. Folks pulled usage down as much as they could to save money, although logo churn remained low. Everyone got about 15-20% more efficient, and everyone had to do 15-20% more work.

Revenue 244