Investor Update Builder

Revenue grew 11% month over month, activation is up 17 points after the onboarding rewrite, and we closed two annual enterprise contracts.

• Closed three enterprise pilots, two already converted to annual contracts.
• Shipped the self-serve onboarding flow; activation moved from 34% to 51%.
• Hired a Head of Sales starting next month.

Sales cycles for the enterprise tier are running four weeks longer than modelled. We are adding a security review pack to shorten procurement, and pulling one engineer onto the SSO work that keeps coming up in deals.

• Warm intros to Series A funds investing in developer tooling.
• Referrals for a senior backend engineer (distributed systems).
• Feedback on our enterprise pricing tiers.