🎅 Santa's market landscape

Kate Reznykova
December 16, 2022

market snapshot 🏛️

Update on Multiples

SaaS (Software as a Service) businesses are typically valued based on their projected revenue for the next 12 months, using a revenue multiple. This is a common method of valuation for software companies, especially those that are not yet profitable or generating significant free cash flow. The revenue multiple is calculated by dividing the enterprise value (market capitalization plus debt minus cash) by the projected revenue for the next 12 months. The overall median revenue multiple for SaaS businesses is 5.1x, while the median for the top 5 is 11.7x. Over the past 10 years, the revenue multiple for SaaS businesses has averaged 3.5%.

trending in tech 📈

Intro into vector databases

Vector databases are specialized databases that index and store vector embeddings for fast retrieval and similarity searches. These databases offer capabilities such as CRUD (create, read, update, delete) operations, metadata filtering, and horizontal scaling. Vector databases are particularly useful for performing similarity searches, or "vector searches," which allow users to find objects by describing what they are looking for without needing to know specific keywords or metadata classifications. Vector searches can also return similar or near-neighbor matches, providing a more comprehensive list of results. In addition to these specialized capabilities, vector databases also offer traditional database functionality, such as the ability to perform CRUD operations and filter metadata. Overall, vector databases are powerful tools for searching and retrieving vector embeddings.Common use cases would be:

1. Semantic search

2. Search for images, audio, video, JSON, and other forms of unstructured data

3. Ranking and recommendations engine

4. Deduplication and record matching

5. Anomaly detection

For a deeper dive, check this out: Pinecone

cash flow 🤑

London-based Bondaval secures €15 million to expand its insurtech platform
UK-based 9fin, an analytics platform for debt capital, picks €21.7M funding
London-based Chattermill, the Unified Customer Intelligence platform, has scored $26 million in Series B funding
Basecamp Research (Basecamp), a company that designs protein products based on the largest knowledge graph of natural biodiversity in existence, today announced $20M in Series A funding led by climate investor Systemiq Ventures
V7, the data engine for AI, announces a $33m Series A funding round, co-led by Radical Ventures and Temasek, joined by Air Street Capital, Amadeus Capital Partners, and Partech