Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>With the White House’s 2024 executive order cracking down on government vendors’ software supply chains, the market for secured container images has exploded.</li><li>Sacra estimates Chainguard hit $40M in ARR at the end of January 2025, up from $37M in ARR at year-end 2024, growing 640% from $5M in 2023.</li><li>After a 2024 White House executive order requiring all government software vendors to self-attest to the security of their software supply chain, Sacra estimates that Chainguard grew to $40M annual recurring revenue (ARR) as of January 2025.</li></ul>

With the White House’s 2024 executive order cracking down on government vendors’ software supply chains, the market for secured container images has exploded.Sacra estimates Chainguard hit $40M in ARR at the end of January 2025, up from $37M in ARR at year-end 2024, growing 640% from $5M in 2023.After a 2024 White House executive order requiring all government software vendors to self-attest to the security of their software supply chain, Sacra estimates that Chainguard grew to $40M annual recurring revenue (ARR) as of January 2025.

<ul><li>Sacra estimates Gamma hit $50M ARR in April 2025, up from $33M at the end of 2024.</li><li>Gamma monetizes via a freemium SaaS model with Plus ($10/user/month) and Pro ($20/user/month) tiers offering unlimited generations, custom domains, analytics, and premium templates, with conversion driven by usage-based credit caps on the free plan.</li><li>Sacra estimates Gamma reached $50M in ARR in April 2025, up from $33M at the end of 2024, with 20 million users.</li></ul>

Sacra estimates Gamma hit $50M ARR in April 2025, up from $33M at the end of 2024.Gamma monetizes via a freemium SaaS model with Plus ($10/user/month) and Pro ($20/user/month) tiers offering unlimited generations, custom domains, analytics, and premium templates, with conversion driven by usage-based credit caps on the free plan.Sacra estimates Gamma reached $50M in ARR in April 2025, up from $33M at the end of 2024, with 20 million users.

<ul><li>Tome raised $81 million in total funding across multiple rounds, reaching a $300 million valuation in its February 2023 Series B financing led by Lightspeed Venture Partners.</li><li>The company pivoted from a pure product-led growth motion serving individual creators to an enterprise-focused approach targeting sales and marketing teams.</li><li>The company's burn rate necessitated a 20% staff reduction in April 2024 as it focused on achieving sustainable unit economics while competing against both venture-backed startups and major incumbents adding similar AI capabilities.</li></ul>

Tome raised $81 million in total funding across multiple rounds, reaching a $300 million valuation in its February 2023 Series B financing led by Lightspeed Venture Partners.The company pivoted from a pure product-led growth motion serving individual creators to an enterprise-focused approach targeting sales and marketing teams.The company's burn rate necessitated a 20% staff reduction in April 2024 as it focused on achieving sustainable unit economics while competing against both venture-backed startups and major incumbents adding similar AI capabilities.

<ul><li>Recall.ai reached $8M ARR in 2024, up 300% YoY.</li><li>Recall.ai launched with a universal meeting-bot API that uses cloud VMs to join video calls, captures the complete meeting data, and delivers it via a single API.</li><li>Recall.ai grew 300% YoY from $2M annual recurring revenue (ARR) in 2023 to $8M ARR in 2024, reaching $10M ARR in January.</li></ul>

Recall.ai reached $8M ARR in 2024, up 300% YoY.Recall.ai launched with a universal meeting-bot API that uses cloud VMs to join video calls, captures the complete meeting data, and delivers it via a single API.Recall.ai grew 300% YoY from $2M annual recurring revenue (ARR) in 2023 to $8M ARR in 2024, reaching $10M ARR in January.

<ul><li>Synthesia hit $100M in ARR in March 2025, up from $88M at the end of 2024.</li><li>Growth took off in 2023-2024 as Synthesia launched LLM-powered features.</li><li>With their AI video platform vertically integrating avatar creation, screen recording, script-centric editing, and one-click translation across 120+ languages, Synthesia's upside case sees it becoming a Canva-esque creative studio for AI talking head videos, making video production accessible to every corporate department—both internal and external facing—from HR to compliance to corporate comms to to sales to marketing.</li></ul>

Synthesia hit $100M in ARR in March 2025, up from $88M at the end of 2024.Growth took off in 2023-2024 as Synthesia launched LLM-powered features.With their AI video platform vertically integrating avatar creation, screen recording, script-centric editing, and one-click translation across 120+ languages, Synthesia's upside case sees it becoming a Canva-esque creative studio for AI talking head videos, making video production accessible to every corporate department—both internal and external facing—from HR to compliance to corporate comms to to sales to marketing.

Australia

Canva Inc operates a graphic designing platform. The Company offers solutions that enable users to design blog graphics, presentations, flyers, posters and invitations.

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Canva (1041196D AU)

$40M/yr Vanta For Containers

TL;DR: With the White House’s 2024 executive order cracking down on government vendors’ software supply chains, the market for secured container...

Sacra

Gamma Vs Canva

TL;DR: As AI has taken over text, image & website generation, Gamma is bringing them all together in its vertically-integrated, vibe coding...

Sacra

Primer: Tome - 23 May 2025

Presentation tool for generating, editing, and collaborating on interactive, data-rich content

Sacra

$10M/yr Plaid For Meeting Bots

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...

Sacra

$100M/yr Canva For Talking Head Videos

TL;DR: By vertically integrating avatar creation, screen recording, script-centric editing, and one-click translation, Synthesia is positioning...

Sacra

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

$40M/yr Vanta For Containers

TL;DR: With the White House’s 2024 executive order cracking down on government vendors’ software supply chains, the market for secured container...

Sacra

Gamma Vs Canva

TL;DR: As AI has taken over text, image & website generation, Gamma is bringing them all together in its vertically-integrated, vibe coding...

Sacra

Primer: Tome - 23 May 2025

Presentation tool for generating, editing, and collaborating on interactive, data-rich content

Sacra

$10M/yr Plaid For Meeting Bots

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...

Sacra

$100M/yr Canva For Talking Head Videos

TL;DR: By vertically integrating avatar creation, screen recording, script-centric editing, and one-click translation, Synthesia is positioning...

Sacra

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...