AI wrapper companies gained significant attention in 2023, often facing criticism and skepticism. However, as these companies began generating substantial revenue, opinions started to shift.
Model wrappers like Perplexity, Harvey, Cognition and Cursor are valued >$2B and going from strength to strength.
Plus, many small AI Wrappers are also making a lot of money, such as:
Rayz MRR at $50k in 4 months
Rayz is a personalized skincare and tanning application designed to help users achieve their ideal skin tone while minimizing the risks associated with sun exposure.
Take a selfie and you will get a personalized skincare and tanning routine tailored to your skin type and local weather conditions. Rayz helps you reach your perfect skin shade faster and healthier.
It was one app of six released by an app studio in 2024, after releasing it in 4 months, it has an MRR of $50K.
Glow AI MRR at $10K in 2 days
Glow AI is a skincare application that leverages artificial intelligence to provide personalized skincare solutions and beauty plans.
Users can scan their faces using the app, which analyzes skin type, texture, and specific needs. This analysis forms the basis for personalized recommendations. After the analysis, users receive a detailed report that includes actionable insights and tailored skincare routines suited to their unique skin conditions.
It has had an insane growth, achieved 32K downloads and $10K MRR after two days of launch.
Bolt.new ARR at $4M in just 4 weeks
Bolt.new, a Claude Wrapper, is an innovative web-based development tool designed to simplify the process of creating full-stack web applications.
Developed by StackBlitz, this platform allows users to prompt, run, edit, and deploy applications entirely within their browser without requiring any coding skills.
After launching with Claude, StackBlitz(Parent of bolt.new) achieved a remarkable zero to $4 million in annual recurring revenue (ARR) within just four weeks. This growth has continued, with usage doubling daily post-integration.
As someone aptly put it on X:
VC: "We don't invest in ChatGPT wrappers."
Founder: "Our ChatGPT wrapper has gone from $150K to $15M of ARR in 12 months."
VC: "Will a valuation of $1 billion suffice? You know what, I'll just leave the valuation line blank for you to fill in."
However, A ChatGTP Wrapper is making $5M a month, it attracted 15M users and has a DAU of 1.5M.