Curve
As of Nov 2023, these 1677 SaaS companies are the largest in the Artificial Intelligence Software space.

Top Artificial Intelligence Software SaaS Companies in 2023

This list tracks the largest private B2B Artificial Intelligence Software SaaS companies by revenue. In total, this list features 1677 companies with combined revenues of $6.8B.

These companies have raised a total of $36.2B. Together, these Artificial Intelligence Software SaaS companies serve 3.3B customers and employ over 97.5K 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 2023

1
$1.3B
2M
2015
$11.3B
1.2K
2
$339.4M
2K
2016
$91.8M
404
3
$259.5M
0
2012
-
1.2K
4
$167M
0
2017
$74.5M
249
5
$157.3M
0
2013
$639.3M
3.5K
6
$140.4M
100M
2018
$364M
1.2K
7
$126M
0
2015
$393M
408
8
$120M
100K
2020
$131M
825
9
$100M
0
2021
$4B
267
10
$100M
1K
2016
$602.6M
320
11
$88.1M
150K
2008
$620.9M
717
12
$85M
0
2019
$434M
443
13
$80.4M
0
2016
$425M
670
14
$80M
0
2017
-
50
15
$78.3M
116
2016
$246.1M
278
16
$73.4M
300M
2018
-
874
17
$70.5M
130K
2013
$131.4M
900
18
$68M
0
2019
$33M
301
19
$62.1M
170
2015
$722.4M
546
20
$53.4M
0
2018
$300M
1K
1 - 20 of 1677

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.