May 2026
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Largest Pure-Play AI Software Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Palantir, Snowflake, MiniMax Group, IonQ and UiPath.
 | Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020. | $134 | +2% | $321B | $313B | 70.0x | 137.7x | ||
| 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. | $157 | -23% | $54B | $53B | 11.3x | 77.5x | ||
 | MiniMax Group Inc is a AI foundation model company. It is committed to driving AI innovation towards performing the full range of human intellectual tasks, from learning and reasoning to planning and generalizing knowledge across diverse domains. Its proprietary foundation model suite, led by MiniMax-M2, Hailuo-02, and Speech-02, has long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, video, and audio. These models power its AI-native products - including MiniMax, Hailuo AI, MiniMax Audio, Talkie/Xingye, and its enterprise and developer-facing Open Platform, delivering intelligent and dynamic experiences to users globally. | $98 | -- | $31B | $30B | 375.9x | (15.9x) | ||
| IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services. | $52 | +29% | $19B | $17B | 133.7x | (93.1x) | ||
| 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. | $10 | -23% | $5B | $4B | 2.5x | 10.5x | ||
 | 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 | +28% | $5B | $4B | 5.4x | 21.0x | ||
| 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. | $7 | -- | $3B | $3B | 32.1x | (100.8x) | ||
| 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. | $3 | +11% | $2B | $2B | 29.3x | 717.0x | ||
 | Affle 3i Ltd Formerly Affle India Ltd is engaged in the technology business across the globe. The company is engaged in a fragmented advertising and marketing tech ecosystem by providing an end-to-end integrated mobile marketing platform. The company's AI-powered deep learning algorithms and advanced platform solutions transform ads into consumer recommendations delivering enhanced engagement. The company has single segment of ‘business of providing services in advertisement and software development’. Geographically the company operates in India only. | $15 | -19% | $2B | $2B | 7.0x | 27.6x | ||
| 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 | +3% | $2B | $1B | 0.9x | 22.4x | ||
| Fractal Analytics Ltd is engaged in the business of providing products and/or services relating to conversational AI solutions that enable automated, human-like conversations between organisations and people. The company operates through two business segments: (i) Fractal.ai, which provides AI services and products to develop customized solutions for client-specific use cases across industry-specific and cross-industry applications, and (ii) Fractal Alpha, which includes AI-related business activities. Through these segments, the company serves clients across various industries and business functions. The majority of the company's revenue is derived from the Fractal.ai segment. Geographically, it operates in the United States of America, Europe and APAC & Others. | $10 | -- | $2B | $2B | 4.4x | 28.5x | ||
| 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. | $15 | -43% | $2B | $2B | 3.1x | 13.5x | ||
| 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 & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions. | $6 | +411% | $1B | $5B | 1.7x | 18.6x | ||
| 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. | $9 | -67% | $1B | $640M | 1.6x | (8.4x) | ||
| 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 | -12% | $1B | $810M | 6.6x | 50.0x | ||
 | Rezolve AI PLC is an AI-powered solutions company, specializing in enhancing customer engagement, operational efficiency, and revenue growth for the retail and e-commerce sectors. The company's product, Brain Commerce, powered by its proprietary Large Language Model (LLM) brainpowa, transforms the online shopping experience. By surpassing traditional site search and product discovery tools, Brain Commerce improves conversion rates, increases average order value (AOV), and reduces cart abandonment. The company has one reportable segment, which is cloud-based services. Geographically, the company generates revenue from Canada, the United States, Mexico, Australia, the United Kingdom, and Japan, with the majority of revenue generated from the United States. | $3 | +27% | $1B | $1B | 22.6x | (18.0x) | ||
 | Appier Group Inc is a technology company which enables businesses with artificial intelligence to grow and succeed based on data-driven decisions. | $6 | -37% | $622M | $585M | 2.1x | 13.1x | ||
| ExaWizards Inc is engaged in Industrial innovation and solving social issues through service development using AI. | $6 | +106% | $572M | $561M | 9.1x | (55.5x) | ||
| PKSHA Technology Inc develops algorithm solutions mainly related to natural language processing, image recognition, machine learning / deep learning technology. | $18 | -13% | $568M | $516M | 3.7x | 11.1x | ||
| Ropeok Technology Group Co Ltd is the leader in video image information processing and security and protection products. | $3 | +82% | $486M | $513M | 22.8x | (18.8x) | ||
| 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. | $5 | -15% | $473M | $423M | 15.1x | 85.1x | ||
| 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. | $15 | +126% | $392M | $368M | 18.2x | (317.5x) | ||
| 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. | $1 | -20% | $302M | $202M | 0.9x | (7.3x) | ||
 | 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 | -38% | $295M | $210M | 1.6x | 210.5x | ||
| 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. | $24 | +49% | $249M | $249M | 18.4x | 62.6x | ||
| Redwood AI Corp is a Vancouver-based artificial intelligence company. It is engaged in providing software and analytics solutions for chemical and pharmaceutical development. Its platform integrates AI models, cheminformatics, and operational data to support synthesis planning, process optimization, and supply-chain decision-making, helping reduce time, cost, and risk from early development through commercialization. | $7 | -- | $247M | $244M | — | (42.5x) | ||
 | 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 | +4% | $235M | $185M | 0.8x | 14.7x | ||
 | Expert .AI SpA is an artificial intelligence platform for language understanding. Its platform for Natural Language combines symbolic human-like comprehension and machine learning to transform language-intensive processes into practical knowledge, providing the insight required to improve decision making throughout organizations. It offers full range of on-premise, private and public cloud offerings, expert.ai augments business operations, accelerates and scales data science capabilities and simplifies AI adoption across a vast range of industries including Insurance, Banking & Finance, Publishing & Media, Defense & Intelligence, Life Science & Pharma, Oil Gas & Energy, and more. | $2 | +17% | $220M | $225M | 8.9x | (39.7x) | ||
 | 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. | $7 | -15% | $201M | $142M | 1.8x | 65.0x | ||
| Blaize Holdings Inc provides a customized, programmable processor architecture suite, artificial intelligence (AI)-enabled edge computing solutions. The company is a semiconductor and software technology company dedicated to revolutionizing the world of AI. | $1 | -35% | $186M | $156M | 4.0x | (3.1x) | ||
| 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. | $11 | -10% | $170M | $111M | 3.6x | 8.8x | ||
| 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. | $17 | -22% | $166M | $148M | 6.2x | 50.4x | ||
| 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. | $13 | -39% | $160M | $134M | 4.8x | (32.4x) | ||
 | 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. | $10 | +1% | $131M | $132M | 470.8x | (847.4x) | ||
| 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. | $14 | -37% | $108M | $101M | 10.1x | 27.5x | ||
| 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 | -32% | $85M | $72M | 5.8x | 45.0x | ||
| 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 | -53% | $83M | $71M | 4.6x | (12.7x) | ||
| 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. | $6 | -28% | $80M | $46M | 2.0x | 74.7x | ||
 | Razor Labs Ltd is engaged in the business of developing artificial intelligence based products and solutions for businesses. | $2 | +15% | $73M | $63M | 5.3x | (15.0x) | ||
| 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. | $10 | -27% | $69M | $71M | 10.9x | (26.1x) | ||
| Newen AI Co Ltd is an online big data AI analysis company that is a trusted by its clients based on technology patents and excellent human resources. | $8 | -- | $68M | $39M | 3.1x | 478.4x | ||
| Railtown AI Technologies Inc is engaged in the business of developing a software-as-a-service artificial intelligence solution that helps software development teams detect, analyze, and fix errors quickly in their development projects. Its Platform allows for real-time exception monitoring and alerting which permits developers, team managers, and executives to quickly locate, understand. and correct errors in their software development projects and their root causes, thereby preventing system and application downtimes. | $0 | -14% | $66M | $66M | — | (17.0x) | ||
 | Helport AI Ltd is an artificial intelligence (AI) technology company that provides software-as-a-service and AI tools to the contact center industry. The flagship product, AI Assist, is a real-time, intelligent software co-pilot for customer engagement professionals. Its AI + Business Process Outsourcing (BPO) service combines AI software with customer contact agents as a turnkey offering for enterprise customers. The company is headquartered in Singapore, with operations across Asia and North America. It provides solutions to the public sector, including insurance, wealth management, mortgage, and others. | $1 | -78% | $43M | $46M | 1.3x | 6.5x | ||
| Rocket Doctor AI Inc delivers physician-built, AI-powered solutions designed to make high- quality healthcare accessible throughout the entire patient journey. A cornerstone of the company's proprietary technology is the Global Library of Medicine (GLM), a clinically validated decision support system developed with input from hundreds of physicians world-wide. Alongside the GLM and its AI-powered digital health platform and marketplace. The group empowers over 300 MDs to provide care to more than 700,000 patients. Itsproprietary technology software and systems enable doctors to independently launch and manage their own virtual or hybrid in-person practices - improving efficiency, restoring autonomy to MDs, and expanding patient access to care. | $0 | -- | $41M | $40M | 31.7x | (7.6x) | ||
| Satsuma Technology PLC is a provider of AI-based conversational technologies. The company is focused on establishing AI-focused business. It provides subnet infrastructure and AI agent development to leverage on-chain agent ecosystems, deploying and managing subnet alpha tokens. | $0 | -- | $36M | $164M | 122793.5x | (173.4x) | ||
| Datrix SpA is engaged in providing artificial intelligence-based solutions to grow the company's business. It offers various solutions including AI for FinTech, AI for Data Monetization, AI for Marketing & Sales, and Machine Learning Model Serving. | $2 | +32% | $34M | $37M | 1.8x | 22.8x | ||
| Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings. | $0 | -51% | $30M | $32M | 1.6x | 2.4x | ||
| Provectus Biopharmaceuticals Inc is a clinical-stage biotechnology company developing immunotherapy medicines for different diseases that are based on a class of synthetic small molecule immuno-catalysts called halogenated xanthenes (HXs). Its HX molecule is named rose bengal sodium. The company’s proprietary, patented, pharmaceutical-grade RBS is the active pharmaceutical ingredient in the drug product candidates of its current clinical development programs and the preclinical formulations of its current drug discovery programs. | $0 | -- | $29M | $32M | — | — | ||
 | Lighton SA is a provider of sovereign generative AI platform software for enterprise document intelligence and workflow automation. The company offers a platform that enables organizations to deploy AI agents within their infrastructure, grounding in internal documents to execute automated workflows through tool integration. The platform supports custom workflow creation, multi-format document processing, and flexible deployment options from cloud to air-gapped systems. The technology serves large enterprises and public sector organisations requiring on-premises AI deployment with complete data control, supporting use cases in compliance management, process automation, and knowledge management. | $4 | -78% | $28M | $24M | 11.8x | (3.2x) | ||
| Insig AI Plc is a technology company that provides ESG and data science services by transforming unstructured documents into structured, AI-ready data to enable smarter, faster decision-making. The Company operates in two main segments: machine learning and data services. Its platform automates decisions and scales insights across investment, compliance, legal, and ESG teams. Key solutions include CoreInfrastructure for converting documents into searchable data, IntelligenceEngine for automating team logic, and DomainIntelligence with AI tools tailored for specific sectors. Insig AI also commits to reducing carbon emissions. The company is based in London, United Kingdom. | $0 | -51% | $25M | $27M | 38.5x | (3.4x) | ||
 | Teneo AI AB is at the forefront of AI-driven automation for voice and text-based customer service. The Teneo platform leverages cutting-edge Conversational AI, Generative AI, and Large Language Models to enhance the efficiency and effectiveness of customer interactions. The company simplify Voice AI integration, ensuring a seamless experience that reduces losses in automated conversations and maximizes the value of existing technology investments. | $0 | -24% | $24M | $52M | 5.7x | (19.2x) | ||
| OODA AI AB (publ) is a corporate group focused on Software-as-a-Service (SaaS) and Artificial Intelligence (AI), particularly in the areas of Business Intelligence (BI) and Data Security (GDPR). | $4 | -40% | $15M | $15M | 4.3x | (1.2x) | ||
 | Ayfie International AS formerly Ayfie Group AS is a search company offering intelligent knowledge discovery products and search solutions. The firm is a software company specializing in text analytics and smart research based on natural language processing and machine learning. Its core products are ayfie Inspector and ayfie Locator which is used in the legal, financial, corporate, and compliance markets. The company generates a majority of its revenue from subscriptions and geographically, it generates from Norway. | $0 | +4% | $10M | $8M | 5.5x | (2.9x) | ||
 | Baseig SA is a technology-driven company specializing in the e-commerce market with AI-powered tools that support sales processes. It designs and sells apparel, but the main focus is the data it collect from sales that drives the business. The company has developed an AI solution for training neural networks, with its primary focus being the optimization of ad campaigns. | $8 | -- | $10M | $10M | 18.3x | 30.9x | ||
| VERSES AI Inc is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, its flagship product, Genius, is a suite of tools for machine learning researchers and engineers to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature. | $1 | -94% | $10M | $11M | — | — | ||
| XIAO-I Corp is an AI industrialization company focusing on the AI Cognitive Intelligence platform. The platform combines six core technologies including Natural Language Processing, Speech Processing, Computer Vision, Machine Learning, Affective Computing, Data Intelligence, and Hyper- automation. Based on the platform, The company developed products and solutions in the fields of Al+ Contact Center, Al+ Finance, Al+ City Public Service, Al+ Architecture, Al+ Metaverse, Al+ Manufacturing, and Al+ Healthcare. It generates revenue from the sale of software products and services, M&S services, and the sale of cloud platform products. | $11 | +265% | $8M | $51M | 0.7x | (4.6x) | ||
| Anonymous Intelligence Co is a computational intelligence, decentralized network, and data technology company, focused on leveraging its proprietary suite of Artificial Intelligence (AI) and privacy enabled products to increase confidence in technology for consumers and businesses. Its product and service offerings include the Limitless VPN, Turminal.ai, Anon SDK, and Haller.ai. It has one operating segment, being the development and marketing of its technology platforms, and its operations and long-term assets are located in North America. | $0 | -- | $4M | $3M | — | (3.5x) | ||
| Cykel AI PLC is engaged to build AI tools that can interact with any UI, website, or API in response to natural language commands. | $1 | -- | $4M | $5M | — | — | ||
| Volaria AI SA specializes in building customized artificial intelligence ecosystems that help businesses scale and streamline operations. It offers businesses to design, deploy, and scale agentic workflows that transform entire operations. The company focuses on developing AI-powered agents and workflows that integrate seamlessly into business processes. It serves a wide range of industries, including e-commerce, real estate, healthcare and more. | $0 | +49% | $908K | $1M | 167.2x | (32.8x) | ||
| Vault Ventures PLC Formerly Meme Vault PLC is launching an artificial intelligence (AI) and technology accelerator, known as the Pitch Pit Accelerator. The group is designed to foster growth for AI and technology ventures by identifying the right companies and management teams and assisting them to procure early-stage funding along with a comprehensive program focused on helping companies to grow, innovate, and progress. | $0 | -- | $504K | $504K | — | — | ||
| Median | $5 | -15% | $178M | $152M | 5.7x | 0.6x |
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