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LightOn's FY 2024 Revenue Insights
LightOn, a prominent European generative AI firm, has released its fiscal year 2024 revenue figures. This year marked a strategic pivot as the sales focus shifted from Forge to the new Paradigm platform. The Paradigm launch in early 2024 was complemented by strategic partnerships with Orange Business and Hewlett Packard Enterprise, enhancing LightOn's software solutions through cloud and hardware integrations.
The transition to a software license model for Paradigm has improved revenue predictability. By December 2024, the company doubled its client base from 4 to 8. Total revenue for 2024 reached €1.1 million, with Paradigm contributing €0.6 million. Despite a rapid sales increase, the annual recurring revenue (ARR) did not meet expectations due to signing delays, standing at €1.2 million.
R. H.
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