AI software
Software built around AI models: model makers, AI platforms and agents, and apps where AI is the product.
As AI models become products in their own right, a group of companies sells software built around them. This theme covers the model makers, the platforms businesses use to put models to work on their own data, and applications where AI is what the customer pays for.
Companies
32
Core
23
With a moat
19%
Average quality
27
3 wide moat · 3 narrow moat · 26 no moat · Open in screener →
Core The theme describes the company's main business. Partial A meaningful part of the business, but not the main one.
Companies
| Company | Exposure | Industry | Moat | Quality | Market cap |
|---|---|---|---|---|---|
| PLTR Palantir Technologies Inc. | Core | Software | Narrow | 66 | $466.6B |
| SOUN SOUNDHOUND AI, INC. | Core | Software | None | 23 | $2.1B |
| INOD INNODATA INC | Core | Professional & Business Services | None | 54 | $1.9B |
| AI C3.ai, Inc. | Core | Software | None | 18 | $1.8B |
| BBAI BigBear.ai Holdings, Inc. | Core | Software | None | 15 | $1.0B |
| RZLV REZOLVE AI PLC | Core | Software | None | 12 | $928M |
| CRNC Cerence Inc. | Core | Software | Narrow | 41 | $408M |
| PDYN Palladyne AI Corp. | Core | Machinery | None | 20 | $186M |
| PERF Perfect Corp. | Core | Software | None | 37 | $170M |
| RDZN Roadzen Inc. | Core | Software | None | 12 | $86M |
| AISP Airship AI Holdings, Inc. | Core | Software | None | 20 | $70M |
| VERI Veritone, Inc. | Core | Software | None | 22 | $58M |
| MDAI Spectral AI, Inc. | Core | Medical Devices & Supplies | None | 7 | $49M |
| BNAI Brand Engagement Network Inc. | Core | Software | None | 13 | $42M |
| REKR Rekor Systems, Inc. | Core | Communications & Networking Equipment | None | 17 | $41M |
| HPAI Helport AI Ltd | Core | Software | None | 43 | $40M |
| LPSN LIVEPERSON INC | Core | Software | None | 16 | $38M |
| BFRG BullFrog AI Holdings, Inc. | Core | Pharmaceuticals | None | 24 | $10M |
| FUSE Fusemachines Inc. | Core | IT Services & Consulting | None | 11 | $10M |
| ONEI OneMeta Inc. | Core | Software | None | 11 | $7M |
| IVDA Iveda Solutions, Inc. | Core | Software | None | 15 | $3M |
| AIXI Xiao-I Corp | Core | Software | None | 7 | $2M |
| CSAI CLOUDASTRUCTURE, INC. | Core | Software | None | 22 | $2M |
| MSFT MICROSOFT CORP | Partial | Software | Wide | 86 | $3.96T |
| SPCX SPACE EXPLORATION TECHNOLOGIES CORP | Partial | Aerospace & Defense | Wide | 61 | $1.96T |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | Partial | IT Services & Consulting | Wide | 69 | $222.7B |
| PEGA PEGASYSTEMS INC | Partial | Software | Narrow | 59 | $5.8B |
| RXRX RECURSION PHARMACEUTICALS, INC. | Partial | Biotechnology | None | 19 | $1.9B |
| ABSI Absci Corp | Partial | Biotechnology | None | 11 | $1.5B |
| IBIO iBio, Inc. | Partial | Biotechnology | None | 15 | $49M |
| EVAX Evaxion A/S | Partial | Biotechnology | None | 13 | $28M |
| LTRN Lantern Pharma Inc. | Partial | Biotechnology | None | 14 | $8M |
32 companies.
Price versus fair value for every company is in the screener.