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Artificial Intelligence (AI), Blog Posts, SaaStr.Ai

Cognigy Sells for $955M in the Latest AI Unicorn Exit: But Was There Even an AI Premium at All?

Dissecting Nice’s $955M AI Acquisition (Almost-a-Corn) and What It Tells Us About Real World AI Market Premiums TL;DR: Nice’s $955M acquisition of AI conversational commerce leader Cognigy represents a ~15x forward revenue multiple that looks downright conservative compared to direct competitors Sierra (225x multiple) and Decagon (250x multiple). Rather than paying an AI premium, Nice…
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Blog Posts, Q&A

Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process?

Dear SaaStr: How Do I Get Customers to Switch From a Competitor When There’s a Significant Migration Process? Yeah, that’s the killer. Migration is the Achilles’ heel in stealing customers from an incumbent. Too many founders don’t fully get it. And 95%+ of sales execs don’t get it. Even if your product is better, the…
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