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How The Top 25 B2B Public Companies Have Performed In 2025 So Far — And What They Tell Us About the Future

SaaStr

Category Analysis: The New SaaS Hierarchy Tier 1: AI + Government = Money Printer Average Return: +165.2% The Government AI Arms Race Every government agency suddenly has unlimited AI budgets. Expect 3-5 companies to go from unknown to $10B+ valuations based purely on government AI contracts.

B2B
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AI and Cybersecurity: How Rubrik’s Co-Founder Built a $1B+ ARR Platform While Joining the AI Revolution

SaaStr

AI Governance Committee Rather than treating AI adoption as purely a technology initiative, Rubrik established an AI governance committee including InfoSec, Legal, and business stakeholders. Rather than focusing on AI-specific metrics, they prioritize business outcomes. If they didn’t, then it doesn’t matter.

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Loveable and Replit Both Hit $100M ARR in Record Time. The Vibe Coding TAM: How Big Can This Market Really Get?

SaaStr

We’ve been tracking B2B growth metrics for over a decade, and what happened in the vibe coding space between November 2024 and July 2025 breaks every model we’ve seen. Addressable Users: 800M+ knowledge workers globally 50M small business owners 100M government employees worldwide 200M educators and students Total: ~1.1B

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How Dialpad Hit $300M ARR by Building Their Own AI Stack: 5 Key Learnings

SaaStr

Here’s why domain data matters: Tighter accuracy gains : Domain-specific data allows you to optimize for specific use cases while maintaining general capabilities Vertical specialization : Different industries have different needs – Dialpad can tune their models for sales teams vs. support teams Competitive moat : While anyone can access (..)

AI
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5 Interesting Learnings from Palantir at $3.5 Billion in ARR

SaaStr

billion Highest ever quarter of US commercial total contract value (“TCV”) at $810 million, up +183% Y/Y Palantir has dramatically evolved beyond its government roots. Palantir has transformed from a government-focused data company to a commercial AI powerhouse with extremely strong financials. billion and $1.8

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88% of B2B IPOs Have Founder CEOs. And Those Ones Do Far, Far Better

SaaStr

Invest in CEO Development Rather than replacement, focus on developing the skills needed to lead a public company: financial reporting, investor relations, board governance, and scaled operations. #3. Public markets consistently reward founder leadership. #2.

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5 Interesting Learnings from Circle at $2.3 Billion in “ARR”

SaaStr

The B2B / SaaS Application : In highly regulated industries (healthcare, finance, government), being first to achieve compliance certifications can create durable competitive moats. For SaaS companies, consider how public metrics, open pricing, and transparent operations can become differentiation in crowded markets.