Today, we are previewing a new public market index - the MAD (for machine learning, AI and data) index. Readers of this blog know that we have been tracking the data ecosystem since 2012, through annual landscapes (see the 2020 Data & AI Landscape). Over the last few years, a funny thing h| Matt Turck
In the tradition of previous quick S-1 teardowns (Snowflake, Palantir, Confluent, Klaviyo, Cerebras, etc), some quick notes on the CoreWeave S-1 from my colleague Aman Kabeer and I. As in prior efforts, this is not meant to be 100% comprehensive (and it’s certainly not investment advice!). The C| Matt Turck
The Palantir S-1 is a long and meaty read, and a pretty fascinating one considering the company was highly secretive, and often controversial, for so many years. It is also written in a very opinionated style: the newly Colorado-based company takes aim at Silicon Valley and is not exactly charitabl| Matt Turck
Full resolution version of the landscape image here It’s been a hot, hot year in the world of data, machine learning and AI. Just when you thought it couldn’t grow any more explosively, the data/AI landscape just did: rapid pace of company creation, exciting new product and project launch| Matt Turck
The Snowflake IPO is shaping up to be particularly exciting. Their S-1 shows very impressive metrics across the board, including explosive revenue growth at scale (growing 174% annually to $264.7 million for the fiscal year ended January 31, 2020), and “land and expand” motion (169% net revenue ret| Matt Turck
A member of our Emerging MAD Index of companies on their path to an IPO, Confluent is a very interesting company in a strategic part of the data space, providing infrastructure for real-time data streaming - what it nicely calls "data in motion", in contrast to the world of batch processing or "data| Matt Turck
For anyone following the software industry, there’s been a little bit of snark about C3.ai ("C3") over the years. Here’s a company that was founded by Silicon Valley royalty (Tom Siebel, who sold Siebel Systems to Oracle in 2006 for just shy of $6B), with seemingly limitless access to capital, that| Matt Turck
Look up in the sky! It's a bird! It's a plane! It's… an IPO. The Cerebras S-1 filing is interesting in many ways, but certainly one is that, well, it is an (upcoming) IPO in the first place. In a context where tech IPOs have been at an all time low, with a very modest uptick in 2024 (Reddit, Rubrik| Matt Turck
This is our tenth annual landscape and “state of the union” of the data, analytics, machine learning and AI ecosystem. In 10+ years covering the space, things have never been as exciting and promising as they are today. All trends and subtrends we described over the years are coalescing: data ha| Matt Turck
Billing infrastructure has been a vexing issue for generations of software and Internet companies. It is mission critical infrastructure and as such, feels like a problem that should have been sold a long time ago. Yet ask any company and you’ll generally get the same reply: they’re dissatisfied| Matt Turck
1) Be an AI leader: Buy at least one share of Open AI in that employee secondary at an $86B valuation - then change website and all social profiles to “early believer and investor in Open AI” 2) Leverage the network: In conversation, drop frequent references to “Sam”, “Satya” and “the Besties” -| Matt Turck
If you scroll through the list of biggest companies in the world by market capitalization, it will come as no surprise that, in the now tech-dominated ranking, commodities companies continue to be heavily represented, with many familiar names such as Saudi Aramco, Exxon Mobil, Chevron, Shell, Petroc| Matt Turck
Is this it? Are we back? Everyone in the startup and venture world has been waiting for months for the re-opening of the IPO window. After a record breaking 2021 (1035 IPOs, beating the previous record of 480 in 2020), 2022 saw a dramatic decline (181 IPOs) and 2023 so far has not been much better.| Matt Turck
(note: this is part II of the 2023 MAD Landscape. The landscape PDF is here, and the interactive version is here) “It’s been crazy out there. Venture capital has been deployed at unprecedented pace, surging 157% year-on-year globally […]. Ever higher valuations led to the creation of 136 newly-mi| Matt Turck
(note: this is part IV of the 2023 MAD Landscape. The landscape PDF is here, and the interactive version is here) The excitement! The drama! The action! Everybody is talking breathlessly about AI all of a sudden. OpenAI gets a $10B investment. Google is in Code Red. Sergey is coding again| Matt Turck