Similarweb Secures $47 Million in Total Contract Value From Two Enterprise Deals
MT Newswires Live
Jun 15
Similarweb (SMWB) signed two multiyear enterprise contracts totaling about $47 million in contract value, while its annual recurring revenue has exceeded $300 million, the company said Monday.
The contracts were signed in Q2 and reflect rising demand from artificial intelligence-driven companies and global enterprises for Similarweb's digital data products used in market intelligence and decision-making, the company said.
The company added it will update its full-year outlook when it reports Q2 results in mid-August.
Similarweb shares were up 9.6% in premarket activity.
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