News Summary

• Gusto is an enterprise software company that serves small businesses.
• The company recently reached more than 500,000 customers.
• Gusto has confirmed to Fortune that it in February surpassed $1 billion in revenue.
• At the $1 million revenue milestone, it isn’t about the money so much as proving the business is real, says Gusto CEO and cofounder Josh Reeves.
• It was also an emotional inflection point for the company, says cofounder Tomer London: “When you get to one million in ARR, you start navigating what it means to be a bigger machine.”