Announcing the Intelligent Applications Top 40; a New Industry Ranking of the Top Private Companies Building Applications with AI and Machine Learning…

SEATTLE--(BUSINESS WIRE)--Today the Intelligent Applications Top 40 (#IA40) was unveiled by Madrona Venture Group. The list of the top private companies building applications that truly incorporate intelligence into how they process data and predict outcomes was voted on by the top 40 venture capital firms investing in this industry, Goldman Sachs, Amazon and Microsoft. http://www.ia40.com

The era of SaaS applications is drawing to a close as their intelligent application counterparts rise to prominence. We have been investing in intelligent apps since 2011 and we believe that in 2022, we will see a significant shift in how companies build applications, deliver insights and change our lives and these 40 companies will be driving that shift, commented Matt McIlwain, Managing Director, Madrona Venture Group. We are honored to partner with Goldman Sachs and all the top tier venture firms who contributed to this ranking of the companies that are building the future of software.

To create this list, Madrona Venture Group and Goldman Sachs collaborated on a new initiative to research, identify and select the top intelligent application companies in the private sector. The IA40 initiative enlisted judges across 40 of the most active venture capital firms to participate in this research-driven ranking. Judges nominated over 250 companies that they believe will transform and define the next generation of software with application intelligence, and then voted for the top 40 most promising.

The top 40 companies were selected across categories

Early

Mid

Growth

Enablers

Runway ML

Abnormal Security

Gong

dbt labs

Tesorio

Instabase

Snyk

Databricks

Spot AI

Loom

Samsara

Hugging Face

Auditoria

Amperity

Cribl

Cockroach Labs

TruEra

Primer.ai

Starburst Dat

DataRobot

Clockwise

Hyperscience

Celonis

Fivetran

WellSaid Labs

Axonius

Anduril

OctoML

LinearB

Cresta.ai

Chainalysis

Grafana Labs

Machinify

Seekout

Workato

Monte Carlo

Replicant

Moveworks

Snorkle AI

Synthesia

Top Line Insights

Insights

We thank all the judges of the IA 40.

a16z, Accel, Acrew Capital, Addition, Allen Institute of AI, Altimeter, Amazon, Amplify, Bain Capital Ventures, Battery Ventures, Bessemer Venture Partners, Coatue , CRV, Decibel Partners, defy.vc, Emergence Capital, General Catalyst, GGV Capital, Goldman Sachs, Greylock, ICONIQ Capital, Insight Partners, Khosla Ventures, Kleiner Perkins, Lux Capital, M12, Madrona Venture Group, March Capital, Mayfield Fund, Meritech Capital Partners, NEA, Norwest Venture Partners, OpenView, Positive Sum, Redpoint, Revolution Ventures, Scale Venture Partners, Sequoia Capital, STEADFAST Capital, Two Sigma Ventures.

Intelligent Application Definition

Intelligent applications leverage machine learning models embedded in applications that use both historical and real- time data to build a continuous learning system. These learning systems solve a business problem in a contextually relevant way - better than before, and typically deliver rich information and insights that are either applied automatically or leveraged by end users to make superior decisions.

About Madrona Venture Group

Madrona (www.madrona.com) is a venture capital firm based in Seattle, WA. With more than 25 years of investing in early stage technology companies, the firm has worked with founders from Day One to help build their company for the long run. Madrona invests predominantly in seed and Series A rounds across the information technology spectrum and has also raised Acceleration Stage funds for initial investments in Series B, C and beyond. Madrona was an early investor in companies such as Amazon, Smartsheet, Rover, Redfin, and Snowflake.

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Announcing the Intelligent Applications Top 40; a New Industry Ranking of the Top Private Companies Building Applications with AI and Machine Learning...