Startups that build artificial intelligence (AI) applications on top of large language models (LLMs) are reportedly making rapid gains in both sales and funding.
These startups are reaching as much as $200 million in annual recurring revenue in less than two years and, as a group, increased the amount of funding they attracted by 110% to reach $8.2 billion in 2024, the Financial Times (FT) reported Monday (April 14), citing data from Dealroom.co and Flashpoint.
This…
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