{
  "meta": {
    "generated": "2026-10-20",
    "count": 90,
    "license": "CC BY 4.0 — attribute \"MRR Ledger\" with a link",
    "docs": "https://mrrledger.com/for-agents/",
    "tiers": {
      "venture": {
        "label": "Venture-backed",
        "note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size."
      },
      "indie": {
        "label": "Indie",
        "note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size."
      },
      "experiment": {
        "label": "Experiment",
        "note": "Agent-run or research experiment rather than a conventional company."
      }
    },
    "tier_note": "Tier is about funding, not size: Venture-backed = raised outside venture money (even at under $1M annualized); Indie = bootstrapped or founder-funded; Experiment = agent-run or research project.",
    "source_sync_stale_note": "source_sync_stale_since (YYYY-MM-DD) = the source page says its live data connection (e.g. a TrustMRR Stripe key) stopped; value is the last synced figure, dated that day.",
    "endpoint": "/api/v1/compare.json"
  },
  "a": {
    "slug": "camunda",
    "name": "Camunda",
    "category": "automation-platforms",
    "tier": "venture",
    "tier_label": "Venture-backed",
    "tier_note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size.",
    "one_liner": "Enterprise platform for agentic orchestration — coordinating AI agents, people, and systems across governed end-to-end processes.",
    "business_model": "Enterprise SaaS / Process Automation as a Service (Camunda Cloud) + open-source core; partner-led GTM; no new external equity since 2021 Series B",
    "founded": 2008,
    "annualized_revenue_usd": 200000000,
    "annualized_revenue_basis": "ARR",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Agentic orchestration (agents + people + systems under one governed process) is what regulated enterprises buy when pure autonomous agents feel unsafe.",
      "Capital efficiency compounds: no new equity since 2021 Series B while climbing toward $200M ARR — customers funding growth."
    ],
    "url_profile": "https://mrrledger.com/b/camunda/",
    "growth_series": [
      {
        "as_of": "2024-08",
        "annualized_usd": 100000000,
        "label": "ARR",
        "value_usd": 100000000,
        "value_text": "first $100M ARR (company: took ~10 years to reach; baseline of the subsequent 2-year climb toward $200M)",
        "source_url": "https://camunda.com/press-releases/camunda-closing-in-on-200m-in-arr-doubling-revenue-in-record-time/",
        "source_name": "Camunda press release (Aug 4, 2026)",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      },
      {
        "as_of": "2026-08",
        "annualized_usd": 200000000,
        "label": "ARR",
        "value_usd": 200000000,
        "value_text": "ARR nearing $200M and expected to exceed by end of 2026; second $100M added in ~2 years after the first $100M (company, Aug 4 2026); NRR over 120%",
        "source_url": "https://camunda.com/press-releases/camunda-closing-in-on-200m-in-arr-doubling-revenue-in-record-time/",
        "source_name": "Camunda press release",
        "confidence": null,
        "annualization": null,
        "source_sync_stale_since": null
      }
    ],
    "verified_corroboration": null
  },
  "b": {
    "slug": "n8n",
    "name": "n8n",
    "category": "automation-platforms",
    "tier": "venture",
    "tier_label": "Venture-backed",
    "tier_note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size.",
    "one_liner": "Fair-code workflow platform for orchestrating AI agents with human controls.",
    "business_model": "Open-core / cloud SaaS + self-host",
    "founded": 2019,
    "annualized_revenue_usd": 110000000,
    "annualized_revenue_basis": "ARR",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Hybrid autonomy (not pure agent, not pure rules) is the production sweet spot.",
      "Community + fair-code distribution is a growth engine."
    ],
    "url_profile": "https://mrrledger.com/b/n8n/",
    "growth_series": [],
    "verified_corroboration": null
  },
  "diff": {
    "annualized_a": 200000000,
    "annualized_b": 110000000,
    "ratio": 1.818,
    "same_category": true,
    "same_tier": true,
    "same_slug": false
  }
}