This is a Sri Lanka news story, published by TechCrunch, that relates primarily to Sanjiva Weerawarana news.
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81% Informative
WSO2 is an open source enterprise software provider with customers such as Samsung , Axa , and AT&T.
CEO Sanjiva Weerawarana tells TechCrunch that the Sri Lankan startup has been something of an outlier in the South Asian island nation these past two decades .
The company's center of gravity has remained in Sri Lanka despite a longstanding civil war and external pressure to relocate to the U.S ..
Sri Lankan startup WSO2 was founded by Intel Capital 20 years ago .
Intel Capital’s initial $2 million cash injection was critical to the startup's early growth.
EQT Private Capital Asia bought the startup in May .
The company is set to launch its own AI-powered chatbot in the coming years .
WSO2 says it will hit $100 million in annual recurring revenue by Q3 this year .
Founder Weerawarana says the company has been cash-flow positive since 2017 , and profitable “since around 2018 ” The Sri Lankan software firm says it has all the ingredients we look for in a software business.
VR Score
79
Informative language
76
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52
Article tone
informal
Language
English
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50
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Attention-grabbing headline
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34
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18
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