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And today, the company is announcing it has raised $350 million at a valuation of more than $1 billion in a funding round led by Vista Equity Partners. In the subsequent years, after Waitman came on as CEO, the company has raised over $500 million and grew its headcount from about 20 to 820 today. Assent’s trajectory continues to grow and Waitmen projects the SaaS company will cross $100 million in annual recurring revenue (ARR) this year after growing ARR by over 50% in the past 12 months. The company delivers enterprise-wide supply chain sustainability solutions across product compliance, trade compliance and ESG — better known as Environmental, Social and (Corporate) Governance. The company plans to use its new capital mostly to continue expanding in Europe, eventually enter the Asian market and grow its headcount by 40% across its sales, services, engineering, customer success and marketing teams.“Manufacturing represents 20% of GDP,” Waitman told TechCrunch.
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