1、State State ofofAIAISameer DholakiaPARTNERMike DroeschPARTNERLauri MoorePARTNERKent BennettPARTNERTalia GoldbergPARTNERJanelle TengPARTNERCaty ReaINVESTORLindsey LiINVESTORMaha MalikINVESTORBhavik NagdaINVESTORLance Co Ting KehVENTURE PARTNERDarsh PatelINVESTORSource:Bessemer research from portfolio

2、 data$0M$10M$20M$30M$40M$50M$60M$70M$80M$90M$100M123456789$ARR in MillionsYears to$100M The new$100M ARR growth curve for AI startupsAI SUPERNOVACLOUD CENTAURAI SHOOTING STARSUPERNOVASSUPERNOVASSHOOTING STARSSHOOTING STARSCLOUD CENTAURCLOUD CENTAURAVERAGE RATES AVERAGE RATES OF GROWTHOF GROWTHYear 1

3、-$40M ARRYear 2-$125M ARRYear 1-$3M ARRYear 2-$12M ARRYear 3-$40M ARRYear 4-$103M ARROn average,the top private cloud companies reach$100M ARR in 7 years.1.5 years 1.5 years to$100Mto$100M$125M ARR on$125M ARR on average by year 2average by year 2$40M 40M ARR on ARR on average in 1 average in 1 year

4、year$40M 40M ARR on ARR on average in 3 yearsaverage in 3 years$103M ARR on$103M ARR on average in 4 yearsaverage in 4 years4 years 4 years to$100Mto$100M7 years 7 years to$100Mto$100MAI NOTEAI NOTEAI benchmarks:Supernovas vs.Shooting Stars AI BENCHMARKSWhat great AI startups look like in 2025 SUPER

5、NOVASSHOOTING STARSYear 1$40M ARRYear 2$125M ARRGross margins25%*ARR/FTE$1.133MYear 1$3M ARRYear 2$12M ARR Year 3$40M ARR Year 4$103M ARR Gross margins60%ARR/FTE$164K*For AI Supernovas,gross margins are often negative PredictionsPredictionsThe browser will emerge The browser will emerge as a dominan

6、t interface as a dominant interface for agentic AIfor agentic AIPREDICTION 1PREDICTION 1As agentic AI matures,the browser is emerging as the As agentic AI matures,the browser is emerging as the dominant interfacedominant interfacenot just for navigation,but for not just for navigation,but for endend