Comment by warthog
1 year ago
The announcement is quite short and does not really explain why they are shutting down other than it being "capital intensive"
Anyone know more?
1 year ago
The announcement is quite short and does not really explain why they are shutting down other than it being "capital intensive"
Anyone know more?
Considering they only have “hundreds” of paid users despite how much money they’ve likely burned through, I’m guessing they just couldn’t raise enough additional capital to keep the lights on.
I think it's interesting that they note they have hundreds of customers but their home page says it's trusted by thousands of companies. Are all these companies on a free tier?
I would imagine it's the usual SaaS marketing embellishment, e.g. one Google employee used the software on a trial at some point === "Trusted by Google"
It’s pretty clear they ran out of runway.