October 2026
Largest Artificial Intelligence Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
SAP, CrowdStrike, IBM, Salesforce and ServiceNow.
 | Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises. | $224 | -14% | $258B | $258B | 6.2x | 19.7x | ||
 | CrowdStrike is a cloud-native cybersecurity company specializing in security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform, which provides enterprises with a unified view to detect and respond to security threats across their IT infrastructure. The Austin, Texas-based firm was founded in 2011 and went public in 2019. | $228 | +69% | $234B | $229B | 47.7x | (18372.9x) | ||
| IBM (International Business Machines) is an American technology company headquartered in Armonk, New York, and operating in more than 175 countries. It sells hybrid-cloud and AI software, including Red Hat and the watsonx portfolio, IT consulting services, and infrastructure hardware such as IBM Z mainframes. Its customers are mainly large enterprises and governments, and it earns revenue from software subscriptions and licences, consulting and managed-services contracts, and hardware sales and financing. In 2025 IBM reported revenue of $67.5 billion, up 8%, with software up 11%, consulting up 2% and infrastructure up 12%, and free cash flow of $14.7 billion. The company was founded in 1911 as the Computing-Tabulating-Recording Company and renamed International Business Machines in 1924; it dominated mainframe computing with the System/360 and launched the IBM Personal Computer in 1981 before selling its PC division to Lenovo in 2005. More recently it bought Red Hat for $34 billion in 2019, spun off its managed infrastructure services unit as Kyndryl in 2021, and in December 2025 agreed to acquire data-streaming company Confluent for about $11 billion. Arvind Krishna is chairman and chief executive. | $236 | -23% | $223B | $280B | 4.1x | 16.8x | ||
| Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration. | $242 | -8% | $200B | $230B | 5.5x | 17.8x | ||
| ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service. | $145 | -21% | $150B | $154B | 11.6x | 59.9x | ||
| Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake’s cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company’s data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors. | $315 | +16% | $111B | $112B | 23.8x | (87.7x) | ||
| Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue). | $247 | -27% | $96B | $97B | 4.1x | 10.5x | ||
| Datadog is a New York-based software company founded in 2010 by Olivier Pomel and Alexis Lê-Quôc. Its cloud platform combines infrastructure monitoring, application-performance monitoring, log management, digital-experience monitoring and cloud-security products in one environment. Development, operations and security teams use the platform to collect telemetry, investigate incidents, monitor service dependencies and protect cloud applications. Datadog delivers the products as software as a service and generates revenue primarily from subscriptions whose value varies with customers' usage of hosts, data and other monitored resources. The company serves organisations through both self-service adoption and enterprise sales, allowing customers to add modules as their deployments expand. Datadog is publicly traded on Nasdaq under the symbol DDOG. Its 2022 acquisition of Hdiv added runtime vulnerability detection and interactive application-security testing capabilities to the broader cloud-security offering. | $260 | +61% | $93B | $90B | 26.2x | (152689.0x) | ||
| Moody’s, along with S&P Ratings, is a leading provider of credit ratings on fixed-income securities. The ratings segment, Moody’s Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm’s profit and often (depending on bond issuance levels) a majority of the firm's revenue. The other segment, Moody’s Analytics, consists of decision solutions, research and insights, and data and information. | $481 | +0% | $83B | $90B | 11.6x | 23.4x | ||
| Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California. | $195 | -20% | $47B | $47B | 5.0x | 41.2x | ||
| Nebius is a vertically integrated cloud provider focusing on AI and high-performance computing. It is a carve-out of the previous Russian tech firm Yandex, following the Russian sanctions since the Ukraine-Russia war. Nebius designs and operates its own data centers and servers across Europe and the US, with a total capacity of several hundred megawatts. In September 2025, Microsoft became a major Nebius client under a multiyear $17 billion revenue agreement to provide computing capacity. | $170 | +32% | $46B | $48B | 91.4x | 94.6x | ||
 | Z.ai is an advanced artificial intelligence platform known for its GLM model series, multimodal creation tools, and cost-efficient agentic coding environments like ZCode. It provides high-performance reasoning, real-time web search capabilities, and versatile utilities for building full-stack applications and data dashboards. | $66 | -- | $32B | $32B | 294.0x | (48.2x) | ||
| Range Intelligent Computing Technology Group Co Ltd is catering to the application needs of big data, cloud computing, Internet of Things, 5G technology, and other industries, based on computing power, digital technology as a means, and intelligent applications as a demonstration, providing a new generation of digital economy industry technology, products, services and system solutions for various industries. | $8 | +18% | $14B | $16B | 19.0x | 20.1x | ||
| Iflytek Co Ltd is a China-based company, principally engaged in the software and information technology (IT) service businesses. The company’s business includes intelligent application systems, software for voice and speech recognition and conversion, computer software design services, and computer programming services. The company's main products include AI language learning products, AI learning machines, AI diagnosis and treatment assistant products, smart medical devices, the iFLYTEK Hearing Smart Conference System, the iFLYTEK Spark App, the iFLYTEK Smart Office Book, the iFLYTEK Translator, and others. | $5 | -31% | $13B | $14B | 3.5x | 30.0x | ||
| Tempus AI Inc is a technology company. It has built the Tempus Platform, which comprises both a technology platform to free healthcare data from silos and an operating system to make the resulting data useful. Its Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal. | $64 | -27% | $12B | $12B | 9.7x | (93.9x) | ||
 | UiPath Inc offers an end-to-end cross-application enterprise automation platform principally with computer vision technology and user interface automations in its initial RPA offering, which remains the foundation of the platform. The platform leverages a range of automation technologies including robotic process automation, application programming interface, and artificial intelligence. UiPath’s solution can automate a broad range of repetitive tasks across industries including claims processing, employee onboarding, invoice to cash, loan applications, and customer service. | $13 | -16% | $6.8B | $5.6B | ||||
| SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of AI software, the sale of AI software platforms & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities with AI technology. The Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China. | $0 | -52% | $6.2B | $5.1B | ||||
 | Presight AI Holding PLC provides digital transformation services through big data analytics powered by artificial intelligence. It combines analytics, big data and AI expertise to serve every sector of every scale, to create business and societal value. The group’s world-class omni-analytics platform, TAQ, leverages big data and analytics to deliver cutting-edge Al technology, enabling forecasting and the anticipation of outcomes to support insight-driven, decision making that shapes policy and delivers societal impact. | $1 | -4% | $5.3B | $4.9B | ||||
| Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018. | $39 | +32% | $4.3B | $4.4B | ||||
| UBtech Robotics is a Chinese robotics company headquartered in Shenzhen, Guangdong, that designs, manufactures and sells humanoid and service robots. Its main line is now the Walker S series of full-size industrial humanoid robots, launched in October 2024 for manufacturing and logistics; the Walker S2, with 52 degrees of freedom, 15 kg payload handling and autonomous battery swapping for 24-hour operation, entered mass production in 2025. It also makes the Alpha series of small humanoid robots, has supplied robots to 300 pre-schools in Seoul, launched a UV disinfection robot in the United States in 2022, and in February 2026 open-sourced its vision-language model Thinker. In 2025 revenue rose 53.3% to RMB 2.001 billion; full-size humanoid revenue grew 2,204% to RMB 821 million on sales of 1,079 units, and the net loss narrowed to RMB 790 million, with annualized Walker S2 capacity above 6,000 units. Zhou Jian, its chief executive, founded the company in March 2012. After a Series C round involving Tencent and ICBC valued it at $5 billion, UBtech listed on the Hong Kong Stock Exchange under code 9880 in December 2023, raising HK$1 billion. It had 2,013 employees in 2023. | $8 | -54% | $4.1B | $4B | ||||
| CorVel Corp applies technology including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies, and government agencies in managing worker's compensation and health, auto, and liability services. The company's solutions combine integrated technologies with a human touch providing services that include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and medicare services. | $80 | +8% | $4B | $3.8B | ||||
| XtalPi Holdings Ltd is an research platform company powered by artificial intelligence (AI) and robotics. It is dedicated to driving intelligent and digital transformation in the life sciences and materials sciences sectors. The company combines quantum physics, AI, cloud computing, and large-scale robotics to provide research & development solutions, services, and products for pharmaceuticals, biotechnology, renewable energy, and materials industries globally. The company has single segment that is intelligent robotics solutions and drug discovery solutions (including one-stop drug discovery solutions). | $1 | -48% | $3.2B | $2.4B | ||||
| InSilico Medicine Cayman TopCo is engaged in applying artificial intelligence (AI) solutions to drug discovery and development by leveraging its proprietary platforms. It has generated multiple clinical-stage or IND-enabling assets using Pharma.AI, an AI-enabled platform that supports drug discovery and development activities. The company operates under a project-based business model, deriving revenue from out-licensing and collaboration arrangements. Geographically, the company generates revenue from multiple countries, with the majority of the revenue coming from United States. | $5 | -- | $2.9B | $2.3B | ||||
| Shenzhen Intellifusion Technologies Co Ltd is engaged in providing customers with self-developed core products such as algorithm software and chips with artificial intelligence algorithms and chip technology as the core products. The company’s products include chip products; modules and cards; and IP licensing and customization services. | $7 | -32% | $2.6B | $2.4B | ||||
| Intsig Information Co Ltd is an industry-leading tech company specializing in business data, artificial intelligence, and mobile applications. It is engaged in providing digital and intelligent products and services to global C-end users and B-end customers in diverse industries. INTSIG focuses mainly on Optical Character Recognition (OCR) technologies and currently holds over 110 global invention patents. Its products support more than 50 languages and can recognize many types of documents, including business cards, IDs, bank cards, and transactional documents such as invoices, receipts, packing lists contracts, etc. It also provides integrated OCR+Data+AI solutions that deliver competitive advantages in various industries, including manufacturing, banking, retail, securities, etc. | $13 | -42% | $2.5B | $2B | ||||
| Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflows and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans, and manage the entire loan life cycle, open deposits, and other accounts, and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. The company generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States. | $20 | -25% | $2.2B | $2.4B | ||||
| SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers. The company's voice AI delivers speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive-Thru, and Amelia AI Agents. | $5 | -73% | $2.1B | $1.9B | ||||
| Infleqtion is a quantum technology company that builds neutral atom quantum computers, optical atomic clocks, radio-frequency sensors and inertial sensors, together with the Superstaq quantum software platform. It began in Boulder in 2007 as ColdQuanta, founded by University of Colorado physicist Dana Anderson, and adopted the Infleqtion name in November 2022 as it moved from research hardware toward finished commercial products. The company is headquartered in Louisville, Colorado, with offices in Boulder, Chicago, Madison, Melbourne and Oxford. It raised a US$110 million Series B in 2022 and a US$100 million Series C in June 2025 backed by Counterpoint Global, Glynn Capital, S32, SAIC, In-Q-Tel, Breakthrough Victoria and others, with J.P. Morgan as sole placement agent. Its technology is deployed by NASA on the International Space Station, and it reported almost US$30 million of revenue for 2024 with a customer pipeline above US$200 million. Infleqtion trades on the New York Stock Exchange under the ticker INFQ. | $9 | -- | $2B | $1.5B | ||||
| Fermi Inc develops next-generation private electric grids that deliver redundant power at gigawatt scale to support next-generation intelligence and AI compute. It combines cutting-edge technology with a deep bench of world-class, multidisciplinary leaders with a combined 25 GW of experience to create one of the world's 17 GW next-gen private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's combined-cycle natural gas project, one of the clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and computing. | $3 | -89% | $1.9B | $2.4B | ||||
| C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions, namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications; C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications; and C3 Generative AI, which combines the utility of large language models. Geographically, the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World. | $11 | -35% | $1.8B | $1.2B | ||||
| TRS Information Technology Co Ltd is a provider of artificial intelligence and big data technology and data services in China. The core business of a company includes software product development, industry application solutions and data analysis and mining cloud services, covering big data management, information security, Internet marketing and artificial intelligence. | $2 | -35% | $1.6B | $1.4B | ||||
| Shenzhen Ysstech Info-tech Co Ltd is a professional financial industry system solutions provider. The industry it serves include banks, fund companies, securities companies, insurance companies, trust companies, money management firms. | $2 | -30% | $1.5B | $1.5B | ||||
| Beijing Haizhi Technology Group Co Ltd focuses on developing intelligent agent technologies and artificial intelligence solutions based on graph computing and model integration technologies. Its products are used in finance, energy, manufacturing, transportation, healthcare, and public services. The company operates as a high-technology enterprise principally engaged in provision of: (i) Atlas graph solutions, which include a data management and computing platform, a knowledge graph platform, and a graph database based on graph computing and data analysis technologies; and (ii) Atlas AI agent solutions developed using graph and large language model integration technology. The majority of the revenue is derived from the Atlas Graph Solutions. | $4 | -- | $1.5B | $1.3B | ||||
| Beijing Zhongke WengeAI Science and Technology Co Ltd is an AI technology and service provider in China, specializing in complex data analytics and AI-assisted decision-making. The company develops critical AI capabilities, offering a portfolio of full-stack AI services. Its services include data governance, domain knowledge management, large language and multimodal model development, decision automation, evaluation solutions, and low-code AI application development. The company provides AI-based solutions to organizations across sectors including public services, media and communications, and commercial enterprises. The majority of the company's revenue is derived from the provision of AI services to its clients in the Chinese Mainland. | $8 | -- | $1.4B | $1.3B | ||||
| Pci Technology Group Co Ltd provides artificial intelligence technology and products in China. It also offers face recognition, video structuring, knowledge mapping, big data technology and service to its clients. | $1 | -32% | $1.4B | $1.3B | ||||
| Optasia is a B2B2X AI-powered fintech platform covering scoring, financial decisioning, disbursement and collection. The company operates across Africa, the Middle East, Asia, Europe, and Latin America. Its services include: Micro Lending, Airtime Advance, and Data Monetization. | $1 | -- | $1.2B | $1.2B | ||||
 | Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance and life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The supermarket segment offers a broad range of merchandise, including foods, apparel, and housing-related products. | $21 | +5% | $1.1B | $716M | ||||
| ODDITY Tech Ltd offers a consumer tech platform that is built to transform the beauty and wellness market. The ODDITY platform is designed to support a portfolio of brands and services that innovate and disrupt the expansive beauty and wellness market. It consumes user data to develop physical beauty and wellness products that deliver performance and functionality. Its brands include SpoiledChild and IL Makiage. | $23 | -49% | $1.1B | $1.4B | ||||
| BigBear.ai Holdings Inc is a provider of mission-ready artificial intelligence (AI) technology originally founded to serve defense and national security mission customers. The Company provides Edge AI-powered decision intelligence solutions, including artificial intelligence and machine learning, generative AI, data science, computer vision, biometrics, cyber, cloud solutions, and systems integration. Customers rely on its predictive analytics capabilities in mission-based operating environments. Its solutions are organized into five markets, including Supply Chain & Logistics Solutions, Cybersecurity Solutions, Autonomous Systems Solutions, Digital Identity Services, and the Ask Sage Platform. | $2 | -69% | $1B | $720M | ||||
| Xunfei Healthcare Technology Co Ltd is an AI-empowered healthcare solution provider, offering products and solutions that support a range of healthcare services, ranging from health risk warnings, early screening, auxiliary diagnosis and treatment, as well as treatment effect evaluation, to post-discharge management and chronic disease management. It has independently developed AI technologies that underpin its products and solutions. Smart Healthcare, Smart Hospital, Intelligent Hardware, Smart Medical Insurance, and Smart Imaging Union. The Company’s revenue was mainly derived from PHC services and patient services. | $8 | -26% | $1B | $1B | ||||
| Beijing CTJ Information Technology Co Ltd engages in providing government departments with information management system solutions, mainly including financial integrated management solutions, financial treasury centralized payment electronic solutions, government financial comprehensive management solutions, financial non-tax electronic solutions, large Government IT service solutions such as data application solutions. | $3 | -16% | $936M | $685M | ||||
| Shandong Extreme Vision Technology Co Ltd is an AI computer vision solution provider in China, delivering end-to-end solution development, deployment and management services to enterprises across diverse industries. It specializes in delivering AI computer vision solutions and large model solutions to enterprises: AI Computer Vision Solutions, Large Model Solutions. Computer vision solution, as a vital branch of AI solution, is a technological solution that simulates the human visual system to enable computers to extract information from images or videos and analyze, make decisions and interact based on this information. | $8 | -- | $922M | $851M | ||||
| Appier Group Inc is a technology company which enables businesses with artificial intelligence to grow and succeed based on data-driven decisions. | $9 | +5% | $901M | $851M | ||||
| Beijing Haitian Ruisheng Science Technology Ltd is a service provider focusing on providing data products and solutions for AI algorithm training. The types of products and services include speech recognition data, speech synthesis data, text data, image data and others. | $13 | -19% | $795M | $760M | ||||
 | Horizon Quantum Holdings Ltd focuses on developing software tools that simplify and accelerate the creation of applications for quantum computers and also provide quantum computing services on an individual basis. The company's flagship product, Triple Alpha, is a web-based integrated development environment (IDE) that allows developers to write quantum software using familiar classical programming languages. | $13 | -- | $714M | $601M | ||||
| PKSHA Technology Inc develops algorithm solutions mainly related to natural language processing, image recognition, machine learning / deep learning technology. These algorithm modules are integrated and operate on a variety of software and hardware. The group operates in two segments: AI Research & Solution Business and AI SaaS Business. | $23 | -21% | $706M | $654M | ||||
 | Rezolve AI PLC is an AI-powered solutions company that operates a digital commerce platform that integrates artificial intelligence to support product discovery, customer interaction, checkout, fulfillment, payments, and related services. Its platform is designed to manage multiple stages of the online commerce process within a single system. The company's flagship product, Brain Commerce, powered by its proprietary Large Language Model (LLM) brainpowa, transforms the online shopping experience. Brain Commerce uses a proprietary large language model to support online shopping functionality. Geographically, the company generates the maximum revenue from the United Kingdom and Europe. The company generates revenue from cloud-based software solutions and transaction-based services. | $2 | -61% | $698M | $836M | ||||
| Rackspace Technology Inc is an end-to-end, hybrid, multi-cloud technology services company. It designs, builds, and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services, Data, Colocation, Cloud, Managed Hosting, Professional Services, and Security and Compliance. It has two reportable segments: Private Cloud and Public Cloud. Maximum revenue is generated from the Public Cloud segment, which offers cloud solutions through managed services, elastic engineering, and professional services offerings for customer environments hosted on the AWS, Microsoft Azure, and Google Cloud public cloud platforms. Geographically, the company derives its key revenue from the U.S. | $3 | +74% | $697M | $3.9B | ||||
| Beijing Deep Glint Technology Co Ltd is engaged in providing artificial intelligence products and solutions for urban management, smart finance, commercial retail, sports health, rail transit operation maintenance and other fields. | $3 | +11% | $657M | $493M | ||||
| Shenzhen Sunwin Intelligent Co Ltd is a China-based company engaged in the provision of intelligent systems solutions. The company offers intelligent systems solutions in railway transportation, house construction, and energy-efficient lighting industries. The business of the company covers four sectors, smart city, big data, artificial intelligence, and cultural and education. The business scope in the field of artificial intelligence mainly includes service robots, unmanned aerial vehicle, face recognition, smart video analysis systems, and others. | $1 | +41% | $647M | $698M | ||||
| Unisound Ai Technology Co Ltd is an AI solution provider focusing on the sales of conversational AI products and solutions for daily life and healthcare related application scenarios in China. Its business centers on empowering customers across various industries with user-centric AI solutions that improve operational efficiency, enhance decision-making and deliver outcomes. These solutions are built on its proprietary central technology platform, UniBrain, which serves as the foundation of a wide range of AI application scenarios in smart living and smart healthcare. | $8 | -88% | $603M | $529M | ||||
| Baida Group Co Ltd is a China-based company. Its business activities are divided into three divisions including a department store, hotel operation, and property service. The company operates a department store in Hangzhou. | $2 | +21% | $585M | $418M | ||||
| Hanwang Technology Co Ltd is a China-based company engaged in offering character recognition technology and intelligent interactive solutions, and other products. Its products include dictionary pen, wise reader, HW pen, starter edition scanner, business card storage, drawing tablet, and there are also specifically identify products for text and graphics in education, finance, and other industries. The company also provides scanners, documents camera, air purifier and haze removal machine. It has products like handwritten cell phone, cloud technology and other kinds of technology licensing program. | $2 | -27% | $585M | $597M | ||||
| ExaWizards Inc is engaged in Industrial innovation and solving social issues through service development using AI. | $5 | +20% | $487M | $443M | ||||
 | Intelligo Technology Inc is an AI specialized company. Building upon three core competencies in the area of deep neural network algorithm development, signal processing, and IC designing, it commit to consistently delivering the complete solutions to bring impressive experience to users for human-to-human and human-to-machine communications. Its solutions have been globally adopted by multinational first tier branding companies in devices ranging from PC/Notebooks monitors, to gaming headsets, TWS headsets, speakerphones, smart watches, and smart IoT devices. Its solutions include Voice User Interface, and Speech Enhancement. | IoT+1 | $10 | -35% | $464M | $362M | |||
 | Capillary Technologies India Ltd is a software product company offering artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions. The company's product portfolio includes loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+) and customer data platform. Geographically, the company has a presence in the United States, United Kingdom, United Arab Emirates and other Asian countries. It serves various industries including Airlines, Fuel Retail, Conglomerates, Hospitality, Retail, and Food & Beverage. The maximum revenue is derived in the form of Subscription Revenue from the United States of America. | $6 | -- | $444M | $433M | ||||
| Beijing Hanyi Innovation Technology Co Ltd is a company specializing in font design, font library product development, Chinese character information technology research, and Chinese character application solutions, with core independent intellectual property rights. | $4 | -18% | $425M | $374M | ||||
| Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific. | $9 | -16% | $408M | $468M | ||||
| Winner Technology Co Inc Formerly Winner Information Technology Inc is a Chinese company engaged in the big data business. It provides offline consumer entity consumer data collection and analysis. The solutions offered by the company includes smart shopping, wisdom store and data service. Wisdom stores acquire consumer and product information by combining video identification, Beacon\Wi-Fi\RFID and other data collection technologies and multimedia means. | $3 | -45% | $380M | $375M | ||||
| Yidu Tech Inc offers healthcare solutions built on big data and artificial intelligence (AI) technologies. The company serves various healthcare industry participants, including hospitals, pharmaceutical, biotech, research institutions, insurance companies, etc. Its operating segments are: Big data platform and solutions, Life sciences solutions, and Health management platform and solutions. The majority of the company's revenue is generated from its Big data platform and solutions segment, which provides data intelligence platforms and data analytics-driven solutions (such as Eywa 5.0, Lingxi Intelligent Management, AI Middleware, etc.) for hospitals, healthcare institutions, regulators, and policymakers. Geographically, the company generates maximum revenue from Mainland China. | $0 | -50% | $373M | $88M | ||||
| ZipRecruiter Inc is an online employment marketplace. It connects millions of job seekers with companies of all sizes. It is a two-sided marketplace for work that simplifies the job market for both job seekers and employers. Unlike traditional online job sites, ZipRecruiter works like a matchmaker curating job opportunities for job seekers, and candidates for employers. | $4 | -4% | $367M | $458M | ||||
| Ropeok Technology Group Co Ltd is the leader in video image information processing and security and protection products. | $2 | -22% | $330M | $356M | ||||
 | Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction. Geographically, the company generates maximum revenue from the United Kingdom and the rest from the United States, Canada, and other regions. | $3 | -21% | $316M | $223M | ||||
| Datasection Inc provides SaaS services. The Company offers social media analysis tool, text mining tool, social media risk notification tool and disaster information service. It also offers research consulting and data solution services. Geographically the activities are carried out through Japanese market. | $8 | -29% | $311M | $310M | ||||
| CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time. | $5 | -28% | $292M | $196M | ||||
| Vrain Solution Inc is engaged in providing AI solutions for the manufacturing industry. It provides AI visual inspection, AI vibration inspection, AI abnormal sound inspection, production planning optimization and Safety management. | $25 | +32% | $255M | $255M | ||||
| AInnovation Technology Group Co Ltd mainly conducts research and development of artificial intelligence technologies and provides artificial intelligence-based software and hardware technology solutions services. The revenue of the Group is principally derived from artificial intelligence products and services. Geographically, the company generates all of its revenue in the PRC. The company also generates a small amount of revenue from the Services of data solutions. | $0 | -46% | $242M | $168M | ||||
 | Expert.ai is an Italian artificial intelligence software company based in Modena, founded in 1989 as Expert System and listed on Euronext Growth Milan under the ticker EXAI. It builds enterprise AI that understands natural language, combining knowledge graphs and symbolic methods with machine learning, large language models and generative AI in what it calls a hybrid approach, and sells its EidenAI suite to insurers, banks, publishers, pharmaceutical groups and public administrations. Customers named by the company include AXA XL, Zurich Insurance Group, Generali, Sanofi, The Associated Press and Bloomberg. Dario Pardi is chairman and chief executive, and his investment vehicle GUM Group is the reference shareholder. The group has widened its reach through acquisitions, among them Temis in France in 2015, divisions of iSOCO in Spain in 2014, a business unit of Finix in 2024 and the Rome software house ISED in 2025, and in 2025 it took a 40 percent holding in Villanova.ai with Tiscali. | $2 | +8% | $206M | $219M | ||||
| Perfect Corp is engaged in the beauty and fashion tech revolution, providing omni-channel integrated solutions. The company runs a hybrid business model of direct consumer business (B2C business) and enterprise business (B2B business). For B2C businesses, the company offers six mobile apps under the "YouCam" suite, along with one online editing service tool, YouCam Online Editor, featuring AI and AR technologies. For B2B businesses, the company offers AI and AR-powered solutions tailored for the beauty and fashion industry. Geographically, the company has a presence in the United States, Americas-other, France, Japan, and Others. The company generates the majority of its revenue from the United States. | $2 | +3% | $202M | $40M | ||||
| AIAI Holdings Corp operates through a business model that applies licensed AI technology to strategically acquired portfolio companies. It generates revenue through products and services distributed by these subsidiary operating companies, which it aims to enhance through AI implementation. The company focuses on building an AI-powered ecosystem by targeting companies where AI integration may enhance operations. It seeks companies across sectors such as civil construction, blockchain data validation, telehealth services, edge analytics, healthcare case management, and office supply remarketing. | $3 | -- | $194M | $225M | ||||
| eVISO is an Italian company based in Saluzzo, in the province of Cuneo, that supplies electricity and gas to businesses and households and describes itself as an artificial intelligence company. It uses a proprietary artificial intelligence platform to forecast energy needs, execute purchases and set data-driven prices for recurring commodity users, and it sells these services to its own customers and to other players in the electricity sector. The company first applied its technology to electricity in 2013 and has been listed on Euronext Growth Milan under the ticker EVISO since 30 December 2020. It buys renewable energy directly from producers, and reported revenue growth of 43.18% in 2025. In July 2021 it raised its stake in the Saluzzo-based company GD System to 53.33%, and it holds about 4.8% of its own share capital as treasury shares. | $9 | -3% | $186M | $175M | ||||
 | Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, government agencies among others. The company's business segments are Appen Global and Appen China. It generates maximum revenue from the Appen Global segment which represents all operations outside of the China Group. The Appen China segment represents the China Group operations and includes Japan and Korea. Geographically, it derives a majority of its revenue from the United States of America, and has its presence in China, Australia and Others. | $1 | +36% | $185M | $147M | ||||
| DSC Holdings Ltd is an AI application infrastructure for China's used car industry. According to CIC, the Company has held over 90% market share in operating systems for China's used car dealers, giving it nationwide dealer connections and massive, granular, proprietary, real-time industry data. Building on this digital foundation, the group further supports used car dealers with essential transaction services across their workflows. Its Services engage and benefit thousands of dealer collaborators, such as inspectors, transporters, and other internet platforms, creating an ecosystem with used car dealers at its center. | $4 | -- | $176M | $131M | ||||
| Heroz Inc is engaged in the planning, development, and management of internet services using artificial intelligence. | $9 | +48% | $165M | $159M | ||||
 | Selvas AI Inc is a Korea-based company engaged in the development and provision of application solutions. Its solutions include voice recognition, handwriting recognition, OCR application, TTS solution, and language processing technology based mobile dictionaries. | $6 | -37% | $164M | $209M | ||||
| Abeja Inc is a platform that integrates state-of-the-art AI technologies including IoT, big data, and deep learning. It provides the processes necessary for DX execution, including data generation, collection, processing, analysis, and AI modeling, and performs continuous and stable operations. | $16 | -12% | $163M | $135M | ||||
| Ever Fortune.AI Co Ltd is composed of establishing a cloud medical platform based on medical big data, and to provide customized medical artificial intelligence solutions and services in various biomedical fields. The results both provide a professional second opinion for doctors and assist clinical doctors in making a medical diagnosis, which in turn raises the speed, accuracy, and efficiency of medical decisions. The products of the company include: Medical Artificial Intelligence, Cloud Biomedical Platform, and Medical Big Data. Its segments are: Medical AI Department; Biotechnology Department; and Others, where maximum revenue is derived from Biotechnology Department segment. | $2 | -22% | $158M | $147M | ||||
| User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot. | $10 | -24% | $151M | $90M | ||||
| GrocerIQ Holdings Inc. develops advanced artificial intelligence technologies for the grocery and retail industry through its subsidiary. Its next-generation platform uses data analytics, machine learning, and Physical AI to optimize inventory, pricing, and fulfillment in real time. By integrating FreshGrab’s AI-driven shopping experience into the Vezbi Super App, the company connects digital and physical shopping with virtual assistance, personalized recommendations, and seamless delivery. This Super App integration gives the company strategic access to a large, engaged user base and live behavioral data, enhancing its predictive models and strengthening its position in AI-powered grocery retail. | $2 | -86% | $126M | $126M | ||||
| Saltlux Inc is engaged in the business of machine learning and natural language processing. The solutions provided are customer voice analysis, opinion mining, social network analysis, intelligent audit, and other services. | $10 | -57% | $121M | $97M | ||||
 | Aeternal Mentis SA is a technology services company dedicated to providing other businesses with the infrastructure and services needed for the development of AI models and their subsequent implementation for everyday use. Its business activity is centered around the leasing of computational capacity for the generation and training of Artificial Intelligence models, as well as aiding and advising in their development. Its services include Computing Capacity, Model Generation and Training, Development Support, and Consulting. | $8 | -15% | $111M | $112M | ||||
| Beijing Airdoc Technology Co Ltd provides AI-empowered retina-based early detection, diagnosis, and health risk assessment solutions in China. Leveraging retinal imaging, multimodal data analyses, and AI deep learning algorithms, the company's solution differs from traditional chronic disease early detection and diagnosis, enabling non-invasive, accurate, fast, effective, and scalable detection and diagnosis of chronic diseases in both medical institutions and consumer healthcare providers. The Company derives revenue principally from the provision of AI-based software solutions, sales of hardware devices, and other services. Geographically, the company generates the majority of its revenue from Mainland China. | $1 | -35% | $110M | $14M | ||||
| Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types. | $1 | -- | $109M | $89M | ||||
| Stradvision Inc is a South Korea-based company that possesses core competitive capabilities in software that optimizes and implements deep learning-based artificial intelligence technology for automotive semiconductor environments. In particular, based on AI model lightweighting and optimization technologies, it has developed and commercialized perception solutions capable of operating stably on various general-purpose semiconductors (System on Chip, SoC) without relying on expensive dedicated semiconductors (ASICs). Its flagship product, SVNet, is designed to ensure high recognition performance and stability even in environments with limited computational resources, leveraging these technological capabilities. Its products are FrontVision, SurroundVision, and MultiVision. | $2 | -- | $103M | $57M | ||||
| Tripla Co Ltd provides AI chatbot and hotel booking engine services as SaaS-easy to start and quickly enhance customer satisfaction. Its services include tripla book, tripla boost, tripla bot, tripla connect, tripla link, tripla analyatics, and tripla success. | $17 | +55% | $101M | - | ||||
| Voicecomm International Ltd, formerly Voicecomm Technology Co Ltd, is an IT solution provider in China. It provides services for enterprise-level users to improve the level of convenience and intelligence for their information exchanges and business interactions. The solutions are built upon technologies comprising core conversational AI technologies, unified communication technologies, and other AI and computer technologies. It offers Voicecomm Brain, technology infrastructure, and Voicecomm Suites. The principal activities of the group are provision of on-premised integrated enterprise-level solutions including software license, hardware and services. | $3 | -66% | $100M | $191M | ||||
| Pluszero Inc is engaged in Providing, developing, maintaining, operating and selling solutions that utilize various technologies such as AI, natural language processing, software and hardware in an integrated manner, as well as contracting and related consulting services. | $12 | -48% | $97M | $89M | ||||
| Laboro AI Inc is a Provider of developing business solutions using artificial intelligence technology intended to connect technology and business. The company also provides consulting services related to the utilization of artificial intelligence, which include planning, introduction, and execution support for AI utilization. | $5 | -10% | $85M | $71M | ||||
| CyCraft Technology Corpa is an AI cyber security company, focused on automating cybersecurity with AI technology. The solutions provided by the company are : eXtended Attack Surface Management; SEMI E187 Assessment Tool; XecGuard LLM Firewall; XecART AI Red Teaming Security Assessment; and Industrial User Cases. | $2 | -- | $76M | $56M | ||||
 | Razor Labs Ltd is engaged in the business of developing artificial intelligence based products and solutions for businesses. | $2 | +43% | $74M | $62M | ||||
| Airship AI Holdings Inc is a robust AI-driven data management platform that solves complex data challenges for large institutions operating in dynamic and mission-critical environments with rapidly increasing volumes of data being ingested from a similarly rapidly growing number of data sources. Its primary offerings include Outpost AI, Acropolis, and Airship Command. Its offerings allow customers to manage their data across the full data lifecycle, when and where need it, using a secure permission-based architecture. | $2 | -57% | $70M | $58M | ||||
| Rank One Computing Corp is an American artificial intelligence company. It develops AI systems that analyze visual data to identify and interpret objects and activities. The company's focus is biometric identity, digital forensics, and real-time video analytics. It uses the term 'Vision AI,' which is an operational AI, built for accuracy, speed, and auditability. The company generates revenue from the sale of access to its software platforms, maintenance services and professional services. | $4 | -- | $69M | $58M | ||||
| Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. It generates revenue through the delivery of its Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. It has presence in the United States, the United Kingdom, France, Australia, Israel, and India. | $1 | -88% | $59M | $94M | ||||
| Decidr AI Industries Ltd (ASX: DAI), formerly Live Verdure, is a Sydney-based ASX-listed group built around the agentic AI platform Decidr, in which it held a majority stake and agreed in August 2025 to acquire the remaining 49 percent of Decidr.ai Pty Ltd for 78.4 million shares. The platform, branded DecidrOS, lets organisations deploy and run agentic apps across their operations, with partners including The Growth Faculty, CareerOne, ELMO Software and the Australian Institute of Management. Live Verdure became Decidr AI Industries in March 2025, when its ASX code changed from LV1 to DAI, and the group still owns the health and wellness brand Edible Beauty. It reported annualised Decidr revenue of A$1.8 million in June 2025 and cash of A$7.75 million. David Brudenell is executive chairman and Decidr founder Paul Chan agreed to join as co-chief executive and chief innovation officer. Its registered office is Level 20, 347 Kent Street, Sydney. | $0 | -71% | $56M | $49M | ||||
| Wisenut Inc provides Creative artificial intelligence (AI) technology that enables free and equal communication between people and people, people and things, and people and the world with the vision of Perfect Communication. Its services include AI, SEARCH, BIG DATA and Service (Saas) WISE Answerny. | $4 | -60% | $49M | $15M | ||||
| Maum AI Inc is engaged in provide AI services and solutions. The company is developing more efficient AI solutions and expanding the scope of application by advancing AI technology centered on the three foundation models. | $7 | -57% | $49M | $54M | ||||
| SCX.ai Holdings Ltd is a sovereign AI IaaS provider that allows organisations to deploy and operate AI-powered applications within Australian data centre infrastructure. It provides these services via the SCX Platform. This vertically integrated platform combines AI compute infrastructure, secure Australian data centre deployment, and a proprietary software layer for accessing, managing and monitoring AI workloads. It provides solutions for Chat with models, MAGPIE Societies, Inference as a Service, and Others. | $0 | -- | $46M | $26M | ||||
| Redwood AI Corp is an artificial intelligence and post-quantum cybersecurity company developing software platforms for chemical intelligence, pharmaceutical development, defense, national security, and critical infrastructure applications. Its Reactosphere platform applies AI, cheminformatics, and operational data to molecular design, synthesis planning, process optimization, chemical hazard analysis, and supply-chain decision-making. The company also operates the Quantum.IQ platform, which provides AI-powered post-quantum cybersecurity solutions for cryptographic asset discovery, quantum-readiness assessment, compliance, and security infrastructure modernization. | $1 | -- | $44M | $43M | ||||
| Deepnoid Inc is a doctor-driven medical AI platform. It is an open platform that supports doctor-led medical imaging AI model research efficiently. It uses both the image processing module and neural network module provided by default for free, and can effectively use computing resources in the form of a cloud. | $1 | -50% | $43M | $36M | ||||
| Brand Engagement Network Inc is a generative AI (GenAI) company specializing in conversational AI solutions. Through its secure, human-like AI agents, available in different modalities, the company seeks to transform consumer engagement and elevate customer experience, productivity, and business performance. | $6 | +25% | $43M | $44M | ||||
| Median | $5 | -22% | $625M | $597M | 5.8x | (1.3x) |
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