Madrona’s Annual IA40 List Shows an AI Industry Splitting in Two

Madrona’s annual IA40 list shows an AI industry splitting in two

The winners on Madrona’s 2026 Intelligent Applications 40 list, grouped by funding stage. (Madrona Image) Seattle-based venture capital firm Madrona released its sixth annual Intelligent Applications 40 list this week, naming 45 private AI companies (the five extras come from ties) that have collectively raised $410 billion from investors across the industry. Three of them — Anthropic, OpenAI and Databricks — account for 92% of that total. The u…

Watch Anthropic IPO Could Open AI Listings Floodgates: Madrona

The IA40 list from Madrona is back, spotlighting the private companies shaping the next phase of AI. Matt McIlwain, managing director at Madrona, explains how the list is assembled, why OpenAI, Anthropic and Databricks dominate AI fundraising, and how a successful Anthropic IPO could open the door for a new wave of public offerings in 2027. He joins Ed Ludlow on "Bloomberg Tech."

Madrona Announces the 2026 Intelligent Applications 40, Recognizing the World's Leading Private AI Companies

Now in its sixth year, the IA40 highlights standout private companies harnessing the value of AI SEATTLE — Madrona today released the 2026 Intelligent Applications 40 (IA40), the annual list of the top private technology companies pioneering the future of applied artificial intelligence. The 2026 cohort showcases the startups defining a market that is shifting […]

Introducing the 2026 Intelligent Applications 40

Over the past year, the applied AI market has put an increasing emphasis on delivering tangible value and has seen a significant rise in compelling ... The post Introducing the 2026 Intelligent Applications 40 appeared first on Madrona.