Here is a super interesting analysis by Sacra on the “speed of revenue” by some of the fastest-growing startups of all time to hit $100M in ARR.
A parabolic chart like this is so rich in information that it makes me think about how powerful revenue is in validating and expressing the actions of buyers, sellers, and investors. It’s just stunning to see the market’s reaction to this and all the participants adjusting to disruption. You can also see the power of AI-native applications compared to applications in prior technology regimes.
Quick Takeaways:
- Buyers are super excited and finding value in the recent LLM/GenAI disruption. This chart shows specifically which category AI is bringing the quickest value to and specific user adoption (though we’re still early and have yet to see more startups rise up on this chart).
- Sellers are finding fast user traction and moving quickly to capture market share can be incredibly lucrative for shareholders/
- Investors (if you analyze the VCs participating in these categories) are quickly allocating capital across the board.
- Revenue is the ultimate validation of an entity’s existence. Long-term trajectory and durability will also be important to analyze.
Today’s Revenue Ranges (light research on my end here, folks):
- DocuSign has ~$2.98B in revenue as of 2025
- Open AI has ~$4.9B in revenue as of 2024
- CoreWeave has ~$1.9B in revenue as of 2025
- together.ai has ~$130M in revenue as of 2024
- Deel has ~$400M in revenue as of 2023
- Wiz has ~$700M in revenue as of 2025
Other Notable $100M ARR
- Perplexity hit $100M ARR in ~20 months
- Ramp hit $100M ARR in ~24 months