This year's ET30 is heavily weighted towards AI, especially those companies building AI's infrastructure, tooling and core model technologies," said Peter Wagner, a founding partner at Wing.
Overall, 30% of the ET30 2024 companies are in AI models and tools, 25% are in SaaS, 20% are in data platforms/business intelligence, 10% are in cybersecurity, 5% are in developer tools, 5% in fintech and 5% in defense/aerospace.
Wagner notes that's unsurprising, since the larger firms were founded well before the 'GenAI moment' touched off by the release of ChatGPT in 2022.
The top early stage company is LangChain, which makes tools for developing applications powered by large language models. The top mid stage company is Pinecone, a data platform that helps companies get better results from large language models through training on specific data - a technique known as RAG (Retrieval Augmented Generation).
[
add
]
[
|
|
...
]