{"id":9079,"date":"2022-06-09T20:12:33","date_gmt":"2022-06-09T19:12:33","guid":{"rendered":"https:\/\/www.clio.com\/uk\/?post_type=press&p=9079"},"modified":"2026-02-22T11:42:59","modified_gmt":"2026-02-22T11:42:59","slug":"centaur-status","status":"publish","type":"press","link":"https:\/\/www.clio.com\/uk\/about\/press\/centaur-status\/","title":{"rendered":"Clio Announces Centaur Status, Joining Elusive $100M ARR Club"},"content":{"rendered":"

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Clio\u2019s rapid innovation and support for the legal industry has secured its position as a market leader, furthering the company\u2019s goal of becoming an enduring, 100-year company.<\/span><\/i><\/p>\n

Clio<\/span><\/a>, the world\u2019s leading provider of cloud-based legal technology, is Canada\u2019s first legal technology company to achieve centaur status, a title reserved for private SaaS companies that achieve more than US$100 million in annual recurring revenue (ARR). To date, approximately 150 companies globally have passed this threshold, making this designation seven times rarer than the now plentiful tech unicorn.\u00a0<\/span><\/p>\n

The <\/span>2022 State of the Cloud Report<\/span><\/a>, recently produced by Bessemer Venture Partners, cited the enduring qualities of centaur companies with product-market fit, scaleable GTM, and a growing customer base amid changing market conditions. In an era where investors consistently apply significant multiple advantages to company valuations, the centaur status offers a much more salient perspective on company valuations in respect to today\u2019s index of public scale companies.\u00a0\u00a0<\/span><\/p>\n

The distinction underscores Clio\u2019s global leadership in the legal industry\u2019s growing adoption of cloud-based solutions as part of its digital transformation.<\/span><\/p>\n

\u201cOur centaur designation is just one lens to measure our success in the market, but in the context of today\u2019s tech economy it signals much more,\u201d said Jack Newton, CEO, and Founder of Clio. \u201cOur customers prioritize stability and sustainability in their technology partners. With a wave of market volatility and consolidation happening in this industry, Clio is the steady exception our customers can count on through it all.\u201d<\/span><\/p>\n

Clio has led the legal industry\u2019s digital transformation with its first-of-its-kind, cloud-based legal software and its approach to modern legal practice. In 2021, the company was also the first legal practice management platform to earn unicorn status with a Series E funding valuation of US $1.6 billion.\u00a0<\/span><\/p>\n

Clio has since grown its company and product investment, prioritizing the success of its customers with additional products and features that solve the pain points of today and the client expectations of tomorrow. In the last six months, it has focused on the core tenets of billing and payments, operational efficiency, and centralized client experiences to make the lives of legal professionals and their clients easier.\u00a0<\/span><\/p>\n

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Product Innovation Highlights\u00a0<\/b><\/p>\n