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Top Artificial Intelligence Software SaaS Companies in 2023

List of Artificial Intelligence Software SaaS Companies in 2023

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As of Sep 2023, these 1770 SaaS companies are the largest in the Artificial Intelligence Software space.

The Top Artificial Intelligence Software SaaS Companies

This list tracks the largest private B2B Artificial Intelligence Software SaaS companies by revenue. In total, this list features 1770 companies with combined revenues of $14.5B.

These companies have raised a total of $31.1B. Together, these Artificial Intelligence Software saas companies serve 4B customers and employ over 139K on their teams.

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Highlights

02
VSI
Verint Systems Inc

Artificial Intelligence Software

$1B
10K
1994
$200M
4K
United States
03
LMI
LogMeIn

Artificial Intelligence Software

$1B
2M
2003
$30M
2K
United States
04
U
Uipath

Artificial Intelligence Software

$580M
8K
2005
$2B
45
United States
05
EBV
Elasticsearch B.V.

Artificial Intelligence Software

$428M
10K
2012
$162M
2K
United States
06
RSI
R Systems Inc.

Artificial Intelligence Software

$399M
-
1993
-
5K
United States
07
C
Clofus

Artificial Intelligence Software

$378M
-
2016
-
8
India
08
E
Electric

Artificial Intelligence Software

$339M
2K
2016
$92M
404
United States
09
Y
Yext

Artificial Intelligence Software

$299M
-
2006
$118M
4K
United States
10
VS
Varonis Systems

Artificial Intelligence Software

$293M
-
2005
$29M
2K
United States
11
RTBH
RTB House

Artificial Intelligence Software

$260M
-
2012
-
1K
Poland
12
TT
Tavant Technologies

Artificial Intelligence Software

$223M
150
2000
$16M
1K
United States
13
WM
WalkMe

Artificial Intelligence Software

$178M
2K
2011
$594M
872
United States
14
M
Momentive

Artificial Intelligence Software

$171M
-
1999
$1B
2K
United States
15
M
Motive

Artificial Intelligence Software

$157M
-
2013
$639M
3K
United States
16
C
C3.ai

Artificial Intelligence Software

$157M
4M
2009
$229M
588
United States
17
P
Prevision.io

Artificial Intelligence Software

$143M
-
2016
$9M
32
France
18
CH
CoachHub

Artificial Intelligence Software

$140M
100M
2018
$364M
1K
Germany
19
U
Usertesting

Artificial Intelligence Software

$140M
4K
2007
$153M
2K
United States
20
B
Brandwatch

Artificial Intelligence Software

$120M
2K
2005
$65M
1K
United Kingdom
1 - 20 of 114

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.