After splurging in 2020 and 2021, investors this year turned less generous toward startups. But that didn’t slow the pipeline of promising companies that could become the next ByteDance, Stripe or Databricks.
The third edition of The Information’s 50 most promising startups looked for the next big winners in artificial intelligence and enterprise software, social apps, commerce, media, security, cryptocurrency, and financial software. This list, which can be found here, includes previously unreported financial data about the vast majority of the companies. More than a third of the companies on the list are two years old or younger.
They include Runway, which sells a video-editing tool that’s infused with artificial intelligence; BangBang, an electric wheelchair maker; and dYdX, a crypto derivatives exchange whose revenue this year has been surprisingly high despite a deep downturn in the sector.