Bloomreach, the world’s leading commerce experience cloud, announced today that it has reached a new growth milestone as the company surpassed $150 million in annual recurring revenue (ARR) at the end of 2022 and the largest new ARR number in the fourth quarter the world has achieved company history. This follows the $175 million investment announced earlier this year led by Goldman Sachs, as well as the achievement of $100 million in ARR, which was surpassed at the end of 2021.
“For Bloomreach to have accelerated even amidst this year’s challenging macro environment is a tremendous achievement. This is a result of the engagement culture that is at the heart of Bloomreach and the hard work our teams put into delivering real value to our clients,” said Raj De Datta, Co-Founder, and CEO, Bloomreach. “We are very pleased with this development and are confident that further growth lies ahead of us – both for Bloomreach and for our customers.”
These milestones underscore the continued e-commerce growth of the hundreds of global brands Bloomreach serves, which have found new ways to grow results from digital channels even amid the year’s challenging economic conditions. Bloomreach customers have seen a significant increase in critical e-commerce metrics in 2022, leveraging personalized email campaigns, new Bloomreach testing features, composable commerce architectures, and more to drive personalized experiences across digital channels. On Black Friday alone, Bloomreach customers sent 331 million emails, a 72% increase over the previous year, and sent 3.8 million text messages, a 50% increase. Powered by Bloomreach’s AI-driven product discovery solution, their e-commerce websites powered more than 300 million searches from customers.
Throughout 2022, Bloomreach has also created new opportunities for growth and partnerships across the commerce ecosystem. In November, the company announced that it had joined the MACH Alliance, a group of independent technology companies committed to open, best-in-class technology ecosystems. This has enabled companies like MKM Building Supplies to incorporate Bloomreach into their composable commerce architectures and achieve rapid results with an agile tech stack.
Additionally, in 2022, the company gained broad industry and customer recognition for its solutions. Inc. included Bloomreach in its Fast-Growing Private Companies in America and Best in Business lists, which highlight fast-growing companies and those making a positive impact on their community industry, and Bloomreach also received a Great Place to Work, respectively -Certification 2022 recognizing the company for its commitment to exceptional values, leadership, culture and a team working environment.
