Intelligent Applications 40

Sept 30 - Oct 1, 2025 Four Seasons, Seattle

The IA40 highlights the top 40 private companies building intelligent applications.

Determined by a research-driven process based on objective data, curation by over 70 of the most prominent AI venture capitalists and strategic investors, and in partnership with Pitchbook's AI engineers.
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The IA40 2024 is the 4th annual list presented by Madrona.

See The List

Canva

Models & More

Runway

Models & More

Snyk

Security

Abnormal

Security

Notion

Productivity

Adept

Productivity

Replit

Coding

Wiz

Security

Airtable

Productivity

Ironclad

Legal

2021 IA40 Highlight

2021: Raised $10 million

2024: Used by major studios, including in the 2023 Oscar-winning film "Everything Everywhere All at Once." Raised to date: $236 million

2022 AI Highlight

2022: Raised $156 million

2024: Hits $39 million in annualized revenue, up from $10 million in 2023. Raised $200 million at a $2.2 billion valuation. Raised to date $356 million.

2023 IA40 Highlight

2023: Raised $32 million

2024: A challenger to Google in Search. A $1 billion valuation. Raised $174.3 million

The latest stories from IA40

Neon Co-founder & CEO Nikita Shamgunov

Databricks Chief AI Scientist Jonathan Frankle

Highspot President Product & Engineering Bhrighu Sareen

Unstructured Founder Brian Raymond

View all podcasts

What are Intelligent Applications? 

Intelligent applications employ AI models and GenAI techniques to build and enable the building of applications that transform business execution and enhance consumer experiences.

Data Intelligence

Leverage unstructured and structured data to build contextually relevant applications.

Address Consumer Needs

Streamline workflows using models and agents to create new customer experiences.

Leverage New Enabling Technology

Enablers are the systems and technologies that enable builders to leverage data and computational power to train and operate intelligent applications at scale.