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SOCi 100M ARR, PlacerAI Funding, YELP Earnings and X Super App

SOCi 100M ARR, PlacerAI Funding, YELP Earnings and X Super App , Localogy

The past week in Local news SOCi hit a major revenue milestone, PlacerAI secured new funding, Yelp reported record earnings, and new evidence that X might be evolving into a super app. 

In case you missed it, here are the top four biggest stories from Localogy Insider.

  • SOCi announced a notable milestone – $100 million ARR (annual recurring revenue). A go-to metric for signaling health among SaaS companies.
  • Location Intelligence leader PlacerAI announced that it raised $75 million. This gives the company a $1.5 billion post-money valuation. 
  • In Yelp’s Q2 earnings, it reached record net revenue and strong net profit at the high end of its outlook range.
  • App researchers have found code for a “Payments” button X. What does this mean for our ongoing speculation that X is building a super app?
  • StreetFight Live – the Summit Returns. StreetFight Live will be held at Meta’s Chicago HQ. Join franchises, fast-scaling multi-location brands, agencies, media and tech companies at a unique and curated one-day gathering of the greatest minds in multi-location.  Register now!

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SOCi 100M ARR, PlacerAI Funding, YELP Earnings and X Super App , Localogy