Spend management platform Payhawk has surpassed $100 million ARR – joining the roughly 250 private software companies worldwide to hit the ‘centaur’ milestone.

Bessemer Venture Partners estimates that these coveted ‘centaurs’ are around seven times rarer than the $1 billion-valued ‘unicorn’.

Over the past 24 months, Payhawk says it has rebuilt both its products and operations around autonomous AI agents, and its growth has accelerated as a result, turning $100m ARR into a proof point not just for its software, but for how an AI-native company is run.