Navan’s Business Travel Customer List Includes OpenAI, Perplexity, and Anthropic: Scoop

Key Points

• Navan's IPO documents reveal OpenAI, Perplexity, and Anthropic as major business travel clients.
• The company has a broad and diverse customer base, including high-profile tech firms like Adobe, Dropbox, and Stripe.
• Navan aims to raise $960 million at a $6.45 billion valuation in its upcoming IPO, with significant international revenue.

Summary

Navan's IPO documents, obtained by Skift, reveal that leading AI companies OpenAI, Perplexity, and Anthropic are among its business travel clients, a fact not previously reported. The company boasts a wide-ranging customer base with prominent tech firms and aims to raise $960 million at a $6.45 billion valuation in its October IPO. Navan's revenue is notably global, with 41% coming from outside the U.S., and no single client accounting for more than 2% of its revenue.