Blockchain services provider Fireblocks has announced that it has achieved Centaur status with an annual recurring revenue (ARR) of $100 million.
The term Centaur, coined by Bessemer Venture Partners, is used for service startups that have reached a certain milestone in revenue. Similarly, 21.co, which has a valuation of more than $ 1 billion, recently gained the title of Unicorn. Fireblocks also achieved Centaur status, with recurring revenues exceeding $100 million annually.
Fireblocks Annual Recurring Revenue Over $100M
New York-based blockchain security service provider Fireblocks has earned over $100 million in Annual Recurring Revenue (ARR) this year. On top of that, the company said it had raised over $100 million three years after its first product launched.
Consumer brands, gaming companies, and cryptocurrency startups also contributed to Fireblocks’ $100 million ARR on recurring revenue earned by the company based on subscriptions.
Michael Shaulov, co-founder and CEO of Fireblocks, shared insights into its growing customer base, saying:
“We have seen first-hand the innovation taking place among fintechs, Web3 start-ups, banks and payment service providers diligently bringing new digital asset products to market”
In its Fireblocks announcement, it also announced that it is working with companies such as BNP Paribas, Six Digital Exchange, ANZ Bank, FIS, Checkout.com, MoonPay, Animoca Brands and Wirex.
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