logo
logo
Curve
As of Jan 2020, these 6 SaaS companies are the largest in the Artificial Intelligence space.

The Top Artificial Intelligence SaaS Companies

This list tracks the largest private B2B Artificial Intelligence SaaS companies by revenue. In total, this list features 6 companies with combined revenues of $42.3M.

These companies have raised a total of $53.8M. Together, these Artificial Intelligence saas companies serve 0 customers and employ over 420 on their teams.

Divider

Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
EC
Elucidata Corporation

Artificial Intelligence

Provider of cloud-based data analytics platform designed to analyze omics datasets to understand the molecular basis of cellular phenotypes. The company's platform can process, analyze and visualize large omics data across metabolic, genomics, transcriptomics and proteomics among others and uses data analytics to transform decision making processes in research and development labs in biotechnology and pharmaceutical businesses, enabling scientists and doctors in biotech, pharma and hospitals to make real-time decisions.

$12M
$8M
-
106
2015
United States
03
S
Stratio

Artificial Intelligence

The world’s #1 predictive fleet maintenance platform.

$7M
$15M
-
68
2017
Portugal
04
MT
MioTech

Artificial Intelligence

Provider of a wealth management platform intended to automate data analysis and operational processes associated with managing investment data. The company's enterprise SaaS platform MPro, integrates and analyzes data from all sources and provides highly customizable compliance management tools to streamline the entire investment process with data-driven methods, enabling wealth managers, family offices and private banks to serve their clients by eliminating manual errors occurring while handling bulk investment related data.

$5M
-
-
55
2016
Hong Kong
05
SWP
SWiP

Artificial Intelligence

SWiP - payment & loyalty tech platform focused on small and midsize businesses allowing to return/retain customers based on BI and AI tools

$980K
$3M
-
10
2018
Cyprus
06
BB
BreachBits

Artificial Intelligence

BreachBits is a simplified SaaS cyber risk and penetration testing solution.

$784K
$60K
-
8
2018
United States
1 - 6 of 6

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.