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DataSnipper - Sacra Company Teardown

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DataSnipper: The Excel-native audit tool automating data extraction, document matching, and reviews

Automation to improve business efficiency

Workflow Automation Platforms

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    A deep dive into DataSnipper&rsquo;s revenue, product, business model, competitive environment, and market opportunities&hellip;
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        DataSnipper is valued at USD 1 billion, as of 2024, with USD 100 million in funding. Sacra estimated that DataSnipper&rsquo;s annual recurring revenue (ARR) hit USD 45 million in 2023, up 150% YoY from USD 18 million in 2022.
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        DataSnipper is a subscription SaaS company providing audit and finance professionals with an Excel-native tool for automating tasks. The company's business model is based on per-seat licensing, with a minimum of five seats per contract. It charges ~USD 175 per month, per seat for its Professional package.
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        The company faces competition from companies offering Excel-native audit tools like Audit File as well as providers of broader financial automation platforms like BlackLine and Workiva.
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        DataSnipper has potential opportunities to expand to markets such as internal audit, tax advisory, and broader financial services. These adjacent markets also share similar pain points around data extraction, reconciliation, and documentation suitable for DataSnipper&rsquo;s platform.
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