Coveo
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 55.5m | 64.9m | 86.5m | 112m | 126m | 182m | 209m |
% growth | 30 % | 17 % | 33 % | 30 % | 13 % | 44 % | 15 % |
EBITDA | (11.4m) | (14.5m) | (49.4m) | (30.6m) | (8.7m) | - | - |
% EBITDA margin | (21 %) | (22 %) | (57 %) | (27 %) | (7 %) | - | - |
Profit | (61.8m) | (600m) | 418m | (39.7m) | (23.6m) | - | - |
% profit margin | (111 %) | (925 %) | 484 % | (35 %) | (19 %) | - | - |
R&D budget | 12.7m | 16.1m | 30.1m | 35.0m | 35.8m | - | - |
R&D % of revenue | 23 % | 25 % | 35 % | 31 % | 28 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$6.0m | Series A | ||
Total Funding | €61.1m |
Recent News about Coveo
EditCoveo is a technology company that specializes in providing advanced search and recommendation solutions powered by artificial intelligence (AI). The company operates primarily in the enterprise software market, serving a wide range of clients including large corporations, e-commerce businesses, and service providers. Coveo's solutions help these organizations enhance their digital experiences by delivering personalized and relevant content to their users.
The core of Coveo's offering is its AI-powered search and recommendation engine, which integrates seamlessly with various platforms to provide real-time, contextually relevant search results and recommendations. This technology is particularly valuable for businesses looking to improve customer engagement, increase conversion rates, and optimize their internal knowledge management systems.
Coveo operates on a software-as-a-service (SaaS) business model. This means that clients subscribe to Coveo's services and pay a recurring fee, typically on a monthly or annual basis. The company generates revenue through these subscription fees, which can vary based on the scale and complexity of the deployment. Additional revenue streams include professional services for implementation and customization, as well as premium features and support packages.
The market for Coveo's solutions is growing, driven by the increasing demand for personalized digital experiences and the need for businesses to leverage data more effectively. Coveo's clients span various industries, including retail, financial services, healthcare, and technology, reflecting the broad applicability of its solutions.
In summary, Coveo is a key player in the enterprise search and recommendation space, offering AI-driven solutions that help businesses deliver personalized digital experiences. The company's SaaS business model ensures a steady revenue stream, while its focus on AI and machine learning positions it well for future growth.
Keywords: AI-powered search, recommendation engine, enterprise software, SaaS, digital experiences, customer engagement, data optimization, personalized content, subscription model, professional services.