Together AI reached $100M ARR in less than 10 months

Ghost achieved $7M ARR with no growth hacks, no funding, no sales

Last week, the New York Times had a deep dive into OpenAI. Some data is very astonishing:

• OpenAI’s MRR hit $300 million in August, up 1,700 percent since the beginning of 2023, and expects about $3.7 billion in annual sales this year, and $11.6 billion next year.

• It expects ChatGPT to bring in $2.7 billion in revenue this year, up from $700 million in 2023, with $1 billion coming from other businesses using its technology.

• It may lose roughly $5 billion this year after paying for costs related to running its services and other expenses like employee salaries and office rent.

• OpenAI expects to raise that price by $2 by the end of the year, and will aggressively raise it to $44 over the next five years. Predicts its revenue will hit $100 billion in 2029.

Otherwise, 3 startups’ ARR milestones you should care about:

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Moveworks ARR surpasses 100M

• Moveworks is an AI-driven platform designed to streamline work processes for large enterprises. It serves as a copilot for employees, providing a unified interface to access information and automate tasks across various business systems.

• Moveworks' Copilot features provide a comprehensive suite of tools designed to empower employees. These tools facilitate action, content creation, and information retrieval across various enterprise systems.

• Achieving over $100 million in annual recurring revenue marks a significant milestone for Moveworks. And now valuation at $2.1 billion.

Huntress ARR at $100M

• Huntress is a managed cybersecurity platform designed to protect small and mid-sized businesses (SMBs) from cyber threats.

• It combines proprietary technology with human expertise to detect and respond to real-world intrusions. The platform includes tools like Huntress MEDR and the Huntress Agent, which identify threat actors and prevent malware and ransomware attacks.

• They now have more than 120,000 SMBs and reached $100M in ARR.

Ghost ARR surpasses $7M

• Ghost.org is a powerful open-source platform designed for professional publishers to create, share, and grow their content-driven businesses.

• It offers a range of modern tools that facilitate website building, content publishing, email newsletters, and membership management.

• They recently passed $7M ARR, with no growth hacks, no funding, and no sales.

Plus more, Together AI ARR at $100M in less than 10 months.

Together AI is a research-driven artificial intelligence company that focuses on simplifying enterprise use of open-source large language models (LLMs).

By providing a robust platform that simplifies the process of building, training, and deploying AI models, Together AI empowers users to innovate and create applications that leverage generative AI capabilities.

Emerged in 2022, founded by a visionary team comprising Vipul Ved Prakash, Ce Zhang, Percy Liang, and Chris R. Their collective ambition was to establish a robust platform that democratizes access to generative AI technologies.

This initiative was driven by the recognition of a growing need for open-source solutions in an industry increasingly dominated by proprietary models. By focusing on creating a comprehensive AI platform, Together AI aims to empower developers and organizations to harness the potential of generative AI without the constraints of vendor lock-in.

It is maybe the fastest-growing startup of all time, faster than Wiz(in 18 months) and Deel (in 20 months), with only 85 people.

Shared by Together AI CEO Vipul Ved Prakash