Freshworks is going big on AI with $813 million to spend
Freshworks, the Chennai-born software company, is gearing up for some major moves in AI and employee-experience tech.
With a hefty $813 million cash reserve, CEO Dennis Woodside says they're ready for "meaningfully larger deals."
Over the past six months, they've checked out about 50 companies across Israel, Europe, the US, and India to find the right fit.
What's next: New buys and more jobs in India
Freshworks just signed a deal to buy FireHydrant (expected to close early 2026), following their $230 million Device42 acquisition last year.
Woodside shared that Indian companies are high on their list for smoother integration—and yes, they're planning to hire more engineers in India as these new projects roll out.
Why it matters: Growth ahead in a booming market
Freshworks expects double-digit revenue growth over the next three years as they ramp up AI-driven acquisitions.
Their confidence comes as global deal-making hit a massive $4.3 trillion this year—so if you're into tech or business trends, this is one company worth watching.