CNBC Spotlights 50 Fast-Growing, Innovative Private Startups
ENGLEWOOD CLIFFS, N.J., May 9, 2023− CNBC, First in Business Worldwide, today announced the eleventh annual
This year’s list comes amid a period of contraction for the venture capital community, quite a change from the atmosphere most years since the Disruptor 50 list was launched over a decade ago. The end of cheap money has cut funding across all industries, valuations have collapsed and Silicon Valley Bank, the institution that was once the epicenter of the VC ecosystem, has failed. Now, those striving to disrupt are having to massively change the way they think and operate. But innovation persists as entrepreneurs and enterprises look for ways to leverage technology to solve new problems and find efficiencies.
The 50 companies on the 2023 list have a combined valuation of more than $360 billion, which is roughly two-thirds of the valuation of the 2022 list, further evidence of the change that’s come to the venture capital community over the last 18 months. Still, at least 35 of the 2023 Disruptors have valuations above $1 billion, and at least 12 of those are worth more than $10 billion.
With OpenAI, the company behind ChatGPT, topping this year’s Disruptor 50 list, there’s no question that the defining theme for venture-backed startups is artificial intelligence. Of the 50 companies on this year’s list, 21 told CNBC that AI is critically important to more than 50% of their revenue, and half of the companies in the top ten feature key use of AI. This reflects recent breakthroughs around generative AI and a surge of funding into the space.
CNBC revealed the list across the network’s platforms and is featuring special coverage throughout Business Day programming and on CNBC Digital this week. CNBC.com’s special report,
Following are the top ten 2023 CNBC Disruptor 50 companies:
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For more information regarding the CNBC Disruptor 50, including the full list, interviews, in-depth analysis and original digital video, visit
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The CNBC Disruptor 50 was selected by CNBC and CNBC.com editorial staff using a proprietary blend of quantitative and qualitative information submitted by the nominated companies. Disruptor 50 data partners PitchBook and IBISWorld provided additional quantitative input. CNBC’s Disruptor 50 Advisory Council, a group of 51 leading thinkers in the field of innovation and entrepreneurship, weighted the quantitative criteria and provided additional analysis of qualitative information.
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