2026 Intelligent Applications 40: Winners Raised $410B Combined
DhruvBatra_ · x · 2026-09-01
Madrona Ventures released the 2026 Intelligent Applications 40 (IA40) list. The 45 winners have raised a combined $410B since founding, over 25x more than the inaugural 2021 class at the same stage. The list reflects a maturing market with a 49% turnover rate (23 repeat winners, 22 new entrants), down from 68% last year.
Related event: Madrona unveils 2026 IA40 list led by Cursor's $6B acquisition(4 posts)→
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