June 2026 Vertical AI Market Report
June 2026 vertical AI report covering 83 companies, 15 data changes, and sector-level ARR-per-employee benchmarks.
Report summary
| Companies tracked | Total ARR | Average ARR/employee | Changes |
|---|---|---|---|
| 83 | $21.4B | $248K | 15 |
Company changes
- New — AlphaSense: Added to the index. AI market-intelligence platform for finance. $600M+ ARR, ~3,000 employees, $7.5B valuation after a $350M round (Jun 2026); 7,000+ enterprise customers.
- Updated — Ramp: $750M Series F at $44B (Jun 4), co-led by ICONIQ, GIC, and Ontario Teachers. Valuation up from $32B; run-rate $1B+, 70,000+ customers.
- Updated — Glean: Crossed $300M ARR (May 28), roughly tripling in 15 months as AI budget-cutting becomes its lead pitch.
- Updated — EliseAI: Crossed $200M ARR (Jun 10), 100% YoY growth for a 5th straight year; ~1 in 6 US apartments now on the platform.
- Updated — Legora: Crossed $100M ARR (Bessemer: fastest enterprise company to $100M); acquired Cadastral, a commercial-real-estate legal AI platform (Jun 2). Prior on-file ARR of $30M corrected.
- Updated — Cresta: Crossed $100M ARR (doubled YoY); Doug Leone named board chair. Prior on-file ARR of $50M corrected.
- Updated — Toast: ARR reached $2.15B (+25.6% YoY); added to the S&P MidCap 400 index (Jun 23).
- Updated — ServiceTitan: Q1 FY27 revenue $268.8M (+25% YoY), GTV $21.7B; raised FY27 guidance to ~$1.135B (Jun 4).
- Updated — Navan: Q1 FY27 revenue +40% YoY to $220M, GBV +50% to $3.1B; raised FY guidance to ~$910M (Jun 10).
- Updated — Abridge: Strategic investment from Eli Lilly + NVIDIA partnership to co-develop a clinical foundation model; now live at 300+ health systems (Jun 11).
- Updated — Clio: Acquired Jurisage (Canadian legal data/AI, 470,000+ cases), paving the way for a Canadian launch of Clio Work (Jun 10).
- Updated — Shield AI: Won a U.S. Air Force CCA production contract for Hivemind autonomy and acquired Aechelon Technology (Jun 17–22).
- Updated — Anduril: Selected for the production phase of the U.S. Air Force Collaborative Combat Aircraft (CCA) program (Jun 17).
- Updated — Forethought: Marked as acquired by Zendesk (reported >$200M, closed Mar 2026) to power its agentic customer-service products. Data correction.
- Updated — Rilla: Corrected stale data: $68.5M Series B led by GV at ~$757M valuation (Jun 2025); ARR estimated ~$70M (Sacra).
Sector breakdown
- Healthcare: 9 companies, $580M ARR, $291K average ARR/employee
- Legal: 11 companies, $1.1B ARR, $192K average ARR/employee
- Finance: 7 companies, $1.7B ARR, $233K average ARR/employee
- Sales: 4 companies, $743M ARR, $209K average ARR/employee
- Enterprise: 5 companies, $659M ARR, $203K average ARR/employee
- Defense: 3 companies, $6.9B ARR, $529K average ARR/employee