Topics
Latest
AI
Amazon
Apps
Biotech & Health
Climate
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
Transportation
Venture
More from TechCrunch
Staff
Events
Startup Battlefield
StrictlyVC
Newsletters
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
artpartner-images (opens in a new window)
These AI startups are growing revenue at faster and faster rates
As companies old and new rush to capitalize on AI, many AI startups say that their revenue is not just growing, but also rapidly accelerating, hitting their next milestones in shorter timeframes.
The following list of startups have reported a pattern of such flywheel growth. One thing to note is that the underlying metrics used by these companies differ, even if they are using the term “ARR.” Some may be referring to annualized recurring revenue (ARR), or revenue under contract from a paying customer but not yet billed. Some are referring to annualized run-rate revenue, or projecting annual income by calculating 12 months of revenue that continues at the rate of the most recent month. Others are referring to “committed ARR,” or signed contracts from customers that are not onboarded yet. In the case of Gusto, it reported actual trailing 12-month revenue.
annualized recurring revenue (ARR),
Nevertheless, each of these startups, listed in reverse chronological order to when their ARR growth was made public, reports that their revenue growth is accelerating, however they are defining it. To be sure, there are many more fast-growing AI startups than we’re naming here, but we are limiting this list to the companies hitting revenue milestones at ever-faster rates.
Mercor: On Monday, Brendan Foody, co-founder and CEO of Mercor, announced that the company has crossed $2 billion in gross annualized revenue as of June — just four months after reaching the $1 billion milestone. The less-than-three-year-old firm, which hires domain experts to train and refine AI models, said that it reached a $500 million run rate in September.
Anthropic: In recent months, this model maker’s revenue has been at such a historic velocity that it has mesmerized the entire AI sector. In late May, Anthropic announced that it crossed $47 billion in revenue run rate, a milestone that came less than two months after the company reported that its revenue run rate surpassed $30 billion. The company said it reached a $9 billion revenue run rate in late 2025, up from a reported $4 billion in July 2025.
Sierra: After reaching its first $100 million in ARR in seven quarters, Sierra — which builds customer service AI agents for enterprises — says it took just two more quarters to add another $100 million, co-founder and CEO Bret Taylor announced in late May.
Glean: In May, Glean announced that it crossed $300 million in ARR. While it took the seven-year-old enterprise AI startup nine months to double its ARR from $100 million to $200 million, the company says it needed just six months to grow that metric from $200 million to $300 million.
Gusto: The 14-year-old HR tech startup announced in May that its revenue accelerated in each of the last five quarters. The company, which was last valued at $9.3 billion in early 2022, also reported that it surpassed $1 billion in trailing 12-month revenue. Gusto’s revenue surge shows that it’s not only AI-native companies that are seeing their top-line growth supercharged by integrating the technology.
Clio: This 18-year-old provider of legal practice management software saw its revenue take off sharply after embedding AI into its offering in 2023. The company surpassed $200 million in ARR in mid-2024, doubled that figure by late last year, and recently announced that its ARR reached $500 million.
Topics
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
we may earn a small commission
Reporter, Venture
Marina Temkin is a venture capital and startups reporter at TechCrunch. Prior to joining TechCrunch, she wrote about VC for PitchBook and Venture Capital Journal. Earlier in her career, Marina was a financial analyst and earned a CFA charterholder designation.
You can contact or verify outreach from Marina by emailing marina.temkin@techcrunch.com or via encrypted message at +1 347-683-3909 on Signal.
Last chance to save up to $190 on TechCrunch Founder Summit. Join 1,000+ founders and VCs at all stages for real-world scaling insights and connections that move the needle.Savings end June 26, 11:59 p.m. PT.
Most Popular
If you use Google, you’re training its AI. Here’s how to opt out.
Sarah Perez
If you use Google, you’re training its AI. Here’s how to opt out.
If you use Google, you’re training its AI. Here’s how to opt out.
If you use Google, you’re training its AI. Here’s how to opt out.
Sarah Perez
Reddit is using LLMs to solve a problem LLMs largely created
Amanda Silberling
Reddit is using LLMs to solve a problem LLMs largely created
Reddit is using LLMs to solve a problem LLMs largely created
Reddit is using LLMs to solve a problem LLMs largely created
Amanda Silberling
Amazon will stop accepting new customers for Mechanical Turk
Anthony Ha
Amazon will stop accepting new customers for Mechanical Turk
Amazon will stop accepting new customers for Mechanical Turk
Amazon will stop accepting new customers for Mechanical Turk
Anthony Ha
5 desk gadgets that can make your workday better
Aisha Malik
5 desk gadgets that can make your workday better
5 desk gadgets that can make your workday better
5 desk gadgets that can make your workday better
Aisha Malik
New Google commercial imagines a Declaration of Independence written with help from AI
Anthony Ha
New Google commercial imagines a Declaration of Independence written with help from AI
New Google commercial imagines a Declaration of Independence written with help from AI
New Google commercial imagines a Declaration of Independence written with help from AI
Anthony Ha
Chevy built an all-American EV truck — why is nobody buying it?
Tim De Chant
Chevy built an all-American EV truck — why is nobody buying it?
Chevy built an all-American EV truck — why is nobody buying it?
Chevy built an all-American EV truck — why is nobody buying it?
Tim De Chant
Mark Zuckerberg tells staff that AI agents haven’t progressed as quickly as he’d hoped
Lucas Ropek
Mark Zuckerberg tells staff that AI agents haven’t progressed as quickly as he’d hoped
Mark Zuckerberg tells staff that AI agents haven’t progressed as quickly as he’d hoped
Mark Zuckerberg tells staff that AI agents haven’t progressed as quickly as he’d hoped
Lucas Ropek