HoneyBook has announced it reached $140 million in annualized recurring revenue, reinforcing its $2.4 billion valuation despite market downturns. This achievement distinguishes HoneyBook among startups struggling to validate inflated valuations from the VC peak era. The company, which provides business management software for independent service-based entrepreneurs, attributes its success to new AI functionalities that enhance pricing strategies and client service. Investors believe HoneyBook's AI capabilities will significantly boost transaction volumes, further solidifying its market position.