Stripe CEO says AI startups are growing faster than SaaS ever did and calling them wrappers ‘misses the point’ | TechCrunch

Stripe CEO says AI startups are growing faster than SaaS ever did and calling them wrappers ‘misses the point’ | TechCrunch

In its annual letter released Thursday, payments giant Stripe declared that it was “seeing an AI boom” with its data revealing that artificial intelligence startups are growing more rapidly than traditional SaaS companies have historically.

In a chart, Stripe showed that the top 100 AI companies (by revenue) were able to achieve $5 million in annualized revenue in 24 months in 2024 compared to the top 100 SaaS companies taking 37 months in 2018 to reach the same milestone.

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https://techcrunch.com/2025/02/27/stripe-ceo-says-ai-startups-are-growing-faster-than-saas-ever-did-and-calling-them-wrappers-misses-the-point/

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