Last year marked artificial intelligence’s breakthrough into the mainstream. With a new wave of startups on the rise at Silicon Valley’s frontier, Forbes is opening nominations for our AI 50 list to determine who is leading the way.
Since 2019, Forbes has published an annual edition of the AI 50 to honor the most promising startups whose businesses are centered around artificial intelligence. Now in its sixth year, the list is open to companies based anywhere that are held privately and more than 50% independent.
Forbes produces the AI 50 in partnership with Sequoia Capital and Meritech Capital. The selection process evaluates applicants using both quantitative and qualitative information including revenue, business growth, and valuation. Two panels of independent judges — one with academic or professional expertise in AI, and the other with long-standing investing experience in the field — scrutinize the strongest applicants on criteria including business promise and innovative use of AI.
The final list is unranked and historically includes a mix of early-stage and growth-stage startups. As specified in the application form, companies have the option to mark certain financial data as confidential, meaning they will be used for list-making purposes only and will not be published publicly. Non-disclosure of data will not negatively impact a company’s application, though disclosing the information may boost its candidacy and help it stand out among peers.
Forbes’ AI 50 showcases startups that are truly applying AI to solve business problems across various industries. The list aims to cut through the noise and identify the most promising AI-centered companies. It provides an opportunity for innovative startups to gain recognition and visibility in the competitive landscape of artificial intelligence.
As the submissions for Forbes’ AI 50 2024 open, companies have a chance to showcase their achievements, business promise, and innovative use of AI to a panel of experts. The unranked list, produced in partnership with Sequoia Capital and Meritech Capital, evaluates applicants based on quantitative and qualitative data, revenue, business growth, and valuation.
We are thrilled to be partnering with Forbes again for the AI 50 and look forward to discovering exceptional AI startups from around the world, says a representative from Sequoia Capital.
The AI 50 not only serves as a platform to honor the most impactful AI startups but also helps businesses gain visibility and recognition in the industry. The list offers an opportunity for startups to distinguish themselves among their peers, regardless of their location.
It’s exciting to see artificial intelligence becoming more mainstream, and the AI 50 list is a testament to that growth, says a representative from Meritech Capital. We are enthusiastic about discovering the startups that are making a significant impact in various sectors and contributing to the advancement of AI technology.
The application process is simple and does not require any entry fees. Participating companies also have the option to mark certain financial data as confidential, ensuring it is used exclusively for list-making purposes.
Forbes, Sequoia Capital, and Meritech Capital encourage startups to take advantage of this opportunity to highlight their achievements and innovative use of AI. The AI 50 list provides an avenue for recognition and enables companies to demonstrate their commitment to leveraging AI technology to solve real-world business challenges.
With submissions now open, this is the perfect time for AI startups worldwide to shine a spotlight on their accomplishments and potential. The AI 50 list serves as a platform for startups to showcase their groundbreaking ideas and inspire others in the industry.
For more detailed information about the application process and evaluation criteria, please visit the official Forbes website. The deadline for submissions is approaching, so AI startups should act swiftly to be considered for the AI 50 2024 list.
