Remote recently hit a major milestone of $300 million in Annual Recurring Revenue (ARR) and has become cash-flow positive. It is currently valued at approximately $3 billion.
Remote is a global HR and payroll platform designed to help companies hire, manage, and pay international employees and contractors.
Its core business operates as an "Employer of Record" (EOR), handling legal, tax, and compliance requirements for distributed teams across the world.
Despite its financial success, CEO Job van der Voort is currently refocusing the company’s entire product roadmap.
He is moving several existing products into "maintenance mode" to prioritize building software that can survive and thrive in the age of AI.
The company is fully remote itself, with a workforce of roughly 2,000 employees distributed globally, reflecting the very work model its software supports.