In his annual letter Released Thursday, the Payments Stripe said that he “saw an AI boom” with his data revealing that artificial intelligence startups increase more quickly than traditional Saas companies.
In a graph, Stripe has shown that the 100 best IA companies (per income) were able to reach $ 5 million in annualized income in 24 months in 2024 compared to the 100 best SaaS companies taking 37 months in 2018 to reach the same stage.
“Our 2024 data show that these startups create companies at a record rate,” wrote the CEO and co-founder of Stripe, Patrick Collison.
More specifically, Collison pointed out that the assistant coding cursor fueled by AI exceeding $ 100 million in income, adorable reaching $ 17 million in arrals “in just 3 months”, and Bolt reaching 20 million dollars in ARR in two months as examples of this AI arrow.
“Just as the SaaS started horizontal then became vertical (first dirty then toast), we see a similar dynamic being played in AI: we started with Chatgpt, but we now see a proliferation of tools specific to industry,” he wrote. “Some people have called these“ LLM Wrappers ”startups; These people are missing the point.
Stripe said that new AI -specific AI tools help these players “properly carry out the economic impact of LLM and that contextual integration, data and workflows will be sustainable.”
As proof of this, Collison pointed out that startups such as Housing, Nabla and deeply helping to reorganize patients and medical care as well as architects using Sketchpro.
Along the same vein, Stripe is still quite optimistic about the vertical SaaS, in particular with regard to small businesses, noting that 6.3% of SMEs fueled by vertical SaaS platforms on Stripe earn 1 million dollars in total income during their first year, which is more than 60% more than in a benchmarked. comparison set.
The letter also noted that the payment volume in 2024 increased to 1.4 dollars, up 38% compared to the previous year. On Thursday, the company also confirmed a tender offer where investors will buy the shares of these employees to an assessment of $ 91.5 billion. Stripe said that it also redeem actions as part of the transaction.
