The $5M+ ARR AI Startups
🔎 Discover 50+ startups generating over $5M in ARR—many of which you’ve likely never heard of
Welcome to NEW ECONOMIES, rooted in my experiences working in venture capital. From inside the venture world, one thing is clear: we’re not just in a tech boom—we’re living through a full-blown economic rewrite. New platforms, new business models, and evolving public market strategies are reshaping everything.
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It’s hard to predict exactly where AI will be a few years from now—but what’s clear is how far we’ve already come. Just two years ago, shortly after ChatGPT launched, we published one of the first Generative AI market maps. The pace since then has been nothing short of extraordinary.
If you’re building in AI, we want to help by showing how some of the fastest-growing startups are scaling—what’s driving their growth, and who’s behind them. We’ve discovered 50+ breakout companies and dug into how they’re growing and which channels they’re using.
Throughout this edition, you will find:
The fastest growing startups by revenue.
50+ startups that are generating more than $5M+ in ARR.
Tactics and strategies on how startups are going from zero to $1M in ARR within months.
Let’s dive in!
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THE FASTEST GROWING STARTUPS
There’s no shortage of AI buzzwords flying around—lately, it’s all about startups hitting milestones like "$X in revenue in X months." While those numbers grab attention, the real question is: how many of these companies can sustain that momentum, and which ones are truly built to last?
We dug into our data to look beyond the headline-makers like OpenAI and Perplexity. What we found were dozens of startups quietly scaling at remarkable speeds—many with lean teams, sharp focus, and highly differentiated products.
Here are five of the fastest-growing AI startups by ARR right now:
Midjourney – $300M ARR
Midjourney built a wildly popular AI image generator with virtually no traditional go-to-market engine. What drove growth? Community obsession, Discord virality, and stunning visual output. Their ARR speaks volumes about just how deep product-market fit can go—even without typical SaaS playbooks.
Cursor – $200M ARR
Cursor has quietly become one of the most powerful tools for AI-assisted coding. Often compared to GitHub Copilot, Cursor differentiates through its integration depth and responsiveness to developer feedback. Its pricing model—based on value delivered, not just usage—has helped drive consistent expansion revenue across dev teams. They are now generating $200M in ARR, having launched just two years ago.
Cleo – $150M ARR
Cleo is an AI-driven financial assistant that blends automation with humor and tone—transforming how Gen Z manages money. They've gone beyond budgeting into savings, debt planning, and financial coaching. Their direct-to-consumer growth has been powered by TikTok virality and embedded banking plays that are starting to scale fast.
Runway – $121M ARR
Runway is changing the way creatives produce video with AI. From real-time video editing to text-to-video generation, they’re unlocking Hollywood-level tools for solo creators and production teams alike.
Harvey – $75M ARR
Built specifically for legal professionals, Harvey is like a copilot for law firms. By narrowing its focus to a high-value vertical, it's able to offer precision and compliance that general-purpose LLMs can't match. Its rapid growth has been fueled by law firm pilots, secure cloud deployments, and tight feedback loops with enterprise users.
What these companies have in common:
Narrow, high-impact focus: Each solves a clear problem for a specific user type (developers, creatives, lawyers, consumers).
Viral or product-led growth loops: Most grew rapidly through user evangelism, not sales-heavy strategies.
Early monetization discipline: ARR is not a vanity stat here—these are real businesses with real cash flow, not just hype machines.
Speed and iteration: Fast shipping, rapid user feedback, and weekly product improvements are consistent themes.
DISCOVER 50+ STARTUPS GENERATING $5M+ IN ARR
With many startups now starting to reach $5M+ in ARR at a minimum, it’s hard to keep up with the latest—with new ones emerging weekly so we are here to help you.
We’ve spent the last few weeks building the ultimate live database of AI startups (for free) that are generating $5M+ in annual revenue. In the database, you will find the following for each startup:
What the startup does.
How much they have raised.
Who their investors are.
Where they are based.
Monthly web traffic.
How much revenue they are generating.
Bonus: Under the radar startups that are generating $1M in ARR.
and more…
Discover the latest AI startups that are generating $5M+ in ARR and emerging startups who are soon to hit the milestone.
We update this list every week, so save it now.
THE PLAYBOOK: HOW THESE STARTUPS HIT $1M+ IN ARR WITHIN MONTHS
Launch & Growth