About half of our ARR (annual recurring revenue) comes from the enterprise and about half o that comes from expansion,” Courtemanche said. The construction software company reported that there were 62 organic customers that each contributed more than ARR for 2023, a 32-percent increase year-over-year. There were also 2,008 organic customers contributing more than $100,000 in ARR, up 27 percent over the prior year. “Twenty twenty-three was disappointing compared to twenty twenty-two,” Courtemanche said. While customers grew more conservative in their expectations for growth, “The conversation with all stakeholders and geographies are largely positive,” he said. Procore lost $189.7 million for the most recently ended year, an increase of 33.8 percent from a loss of $286.9 million the prior year. Revenue grew 31.9 percent to slightly more than $950 million for 2023, compared to $720.2 million for 2022.