By Ishani Ummat & Matt McIlwain on December 8, 2021 at 12:00 am
SaaS has dominated enterprise software for the past two decades. It is used by every information worker. But over the past 5 years, there is a clear change afoot – Intelligent Applications.
Intelligent applications derive insights from data, and leverage AI and Machine Learning to help solve a business problem better than ever before.
Venture investor, Madrona Venture Group, believes the era of SaaS applications is drawing to a close as their intelligent application counterparts rise to prominence and the Intelligent Applications Top 40 list recognizes the companies to watch.
The Pacific NW has long been at the forefront of the development of this technology – through research institutes – UW’s Allen School and the Allen Institute of Artificial Intelligence (AI2), large technology companies, Microsoft and Amazon, and through innovative startups. Madrona Venture Group, has been investing in companies building and using this technology for nearly a decade.