What is the Everest Group AI Top 50™?

Everest Group AI top 50™ is a global list of largest AI-first technology providers. The listing is based on multiple objective parameters including their Artificial Intelligence (AI) revenues, cumulative funding, share of funding received in the past two years, and valuation. This 2023 is the inaugural release of this list – the first of what will become an annual event.

Why the Everest Group AI Top 50™?

In today's rapidly evolving technological landscape, it is increasingly vital to understand the dynamic AI landscape. With its groundbreaking innovation,
AI continues to reshape industries, optimize processes, and redefine human-machine interactions. The technology itself has garnered substantial interest, giving rise to more than 5,000 AI technology providers in the past decade alone, according to our estimates. Some are focused on a particular domain or geography, while others are broad-based. Some are listed; others are privately held.

This list helps enterprises to identify technology providers in this space that have reached significant scale. It also helps AI-first technology providers to compare themselves against others in the industry.

How is the Everest Group AI Top 50™ determined?

The analysis was initiated with a list of more than 2,000 AI technology providers, further narrowed down to 250+ providers based on preliminary assessments.

Qualification criteria:

• AI-first: listed companies develop and integrate AI as a central component in their products and solutions to a degree that – without it – their offerings would be fundamentally incomplete. The listing  excludes, for example, providers that have AI as a feature that helps them improve their current offerings, such as automation-first vendors. 
• Software-first: listed providers develop and provide software-based AI solutions as their primary offering. The list excludes pure-play hardware and service-based AI providers.
• B2B focus/offerings: those on the list offer software products and solutions to meet other businesses’ technology needs. The list excludes providers that exclusively offer AI solutions for B2C   purposes.

Rank determination: technology providers are ranked based on their overall AI revenue, total funding received, share of funding received in the past two years, and valuation.