The CEO of payroll service provider Remote has announced that the company recently surpassed $300 million in annual recurring revenue and became cash-flow positive. He attributes much of the gains to AI-adoption, TechCrunch reports.
Job van der Voort is CEO of Amsterdam-based Remote. He says there was a significant change after the startup adopted AI at every level of the organisation: a 50 per cent increase in revenue per employee.
Speaking to TechCrunch, Mr van der Voort said, “As we are talking, on the second screen of my laptop, I have five different Claude instances running, building different things - and some of those are for me, but a lot of them are for Remote.”
This reportedly includes a Slack agent which summarises discussions and experiments with agentic AI. But the CEO insists that the bigger picture is that Remote is now generating more revenue without increasing its headcount.
He stated that these efficiency gains come from AI adoption, which extends well beyond the CEO’s office or engineering department. Employees across all functions have been launching apps in Remote Labs, an internal marketplace built on the company’s own technology. It shares similarities with the AI capabilities that the company is now opening up for its clients.
Mr Van der Voort claims that the gains Remote has made could continue, telling TechCrunch that its core payroll business has grown more than 300 per cent year over year.
The company has not yet provided independent verification of that figure.
Source: TechCrunch
(Quote via original reporting)
The CEO of payroll service provider Remote has announced that the company recently surpassed $300 million in annual recurring revenue and became cash-flow positive. He attributes much of the gains to AI-adoption, TechCrunch reports.
Job van der Voort is CEO of Amsterdam-based Remote. He says there was a significant change after the startup adopted AI at every level of the organisation: a 50 per cent increase in revenue per employee.
Speaking to TechCrunch, Mr van der Voort said, “As we are talking, on the second screen of my laptop, I have five different Claude instances running, building different things - and some of those are for me, but a lot of them are for Remote.”
This reportedly includes a Slack agent which summarises discussions and experiments with agentic AI. But the CEO insists that the bigger picture is that Remote is now generating more revenue without increasing its headcount.
He stated that these efficiency gains come from AI adoption, which extends well beyond the CEO’s office or engineering department. Employees across all functions have been launching apps in Remote Labs, an internal marketplace built on the company’s own technology. It shares similarities with the AI capabilities that the company is now opening up for its clients.
Mr Van der Voort claims that the gains Remote has made could continue, telling TechCrunch that its core payroll business has grown more than 300 per cent year over year.
The company has not yet provided independent verification of that figure.
Source: TechCrunch
(Quote via original reporting)