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As of Mar 2024, these SaaS companies are the largest in the Artificial Intelligence Software space.

Top Artificial Intelligence Software SaaS Companies in 2024

This list tracks the largest private B2B Artificial Intelligence Software SaaS companies by revenue. In total, this list features companies with combined revenues of $10.2B.

These companies have raised a total of $38.2B. Together, these Artificial Intelligence Software SaaS companies serve 2.9B customers and employ over 118.7K on their teams.

Data: This data was collected through the Latka podcast where each CEO was interviewed for company details.

Divider

List of Artificial Intelligence Software SaaS Companies in 2024

1
$1.6B
2M
2015
$11.3B
1.4K
2
$760M
1K
2016
$602.6M
3K
3
$390.5M
0
2012
-
1.2K
4
$339.4M
2K
2016
$91.8M
1.3K
5
$200M
100K
2021
$4B
458
6
$167M
0
2017
$74.5M
290
7
$160M
0
2018
$300M
880
8
$159.8M
100M
2018
$364M
1.3K
9
$157.3M
0
2013
$639.3M
3.5K
10
$141.3M
500K
2017
$100M
983
11
$126M
0
2015
$393M
408
12
$120M
100K
2020
$131M
756
13
$119.4M
4M
2013
$343.2M
3K
14
$105.5M
0
2016
$425M
852
15
$105.1M
116
2016
$246.1M
544
16
$99.2M
2.2K
2012
$195.5M
492
17
$88.8M
150K
2008
$620.9M
717
18
$87.1M
130K
2013
$131.4M
900
19
$85M
0
2019
$434M
554
20
$80M
0
2017
-
50
1 - 20 of 1575

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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.