What are the top AI shopping startups by revenue today?

The ranking of top startups in the AI shopping market by revenue

Below is a table ranking all the companies in this market by their current revenue scale. You can find our methodology at the end of this page.

If you want a deeper understanding of the market and its current dynamics, get our report covering the AI Shopping Market.

What are the top AI shopping startups by revenue today?

Bloomreach currently has the strongest documented claim to being the largest private AI shopping technology company by revenue scale, with more than $260 million in ARR.

That answer changes if we stretch “AI shopping startup” far enough to include public retailers. Stitch Fix generated $1.27 billion in its last completed fiscal year and still expects roughly $1.35 billion in the current one. But Stitch Fix sells clothes, carries cost of goods and operates with retail economics, so putting its revenue next to a software ARR figure can be misleading.

Among private technology companies, Bloomreach is the cleanest leader we found. Algolia is close, at roughly $250 million in ARR according to a recent executive disclosure, although its search business extends well beyond ecommerce. Coveo generated $148.3 million in its latest fiscal year. Constructor almost certainly belongs in this top group commercially, but its exact revenue remains private.

The biggest surprise comes lower down the ranking. Phia, Daydream, Onton and several other consumer AI shopping apps have become much more visible lately, yet none has publicly shown revenue anywhere near the largest B2B commerce platforms.

Company	Best current financial evidence	What the figure measures	Confidence
Stitch Fix	$1.27B, with current-year guidance around $1.35B	Company revenue	High
Bloomreach	>$260M	ARR	High
Algolia	~$250M	ARR	Medium
Coveo	$148.3M	Fiscal-year revenue	High
Constructor	Exact revenue undisclosed	Commercial scale	Medium
Lookiero Outfittery Group	>€100M	Fiscal-year revenue	Medium
Dynamic Yield	~$98M	Third-party revenue estimate	Low
Voyado	SEK694M	Fiscal-year revenue	Medium
Lyst	£39.6M	Fiscal-year revenue	Medium
Syte	“Tens of millions”	Annual revenue	Medium
Nosto	€19.7M	Fiscal-year revenue	Medium

What should actually count as an AI shopping startup?

We count companies whose technology materially helps people find, compare, personalize, evaluate or buy products, including the companies that sell those capabilities directly to retailers.

That brings several very different businesses into the same market. Bloomreach and Constructor sell search and personalization infrastructure. Syte specializes in visual product discovery. True Fit helps shoppers make sizing decisions. Phia and Daydream sit much closer to the consumer.

Some cases need more care. Algolia serves ecommerce customers but also works across media, software, financial services and other industries. Stitch Fix uses AI and recommendation algorithms throughout its styling experience, but shoppers ultimately pay for merchandise.

For the ranking, we keep these companies when AI-driven shopping is commercially important to the business, then make the business-model differences explicit rather than pretending every revenue dollar means the same thing.

Is Stitch Fix really the biggest AI shopping company?

Stitch Fix is easily the largest company in this group by reported revenue, although its $1.27 billion top line is retail revenue rather than software revenue.

Its FY2025 filing showed $1.267 billion of net revenue. The latest quarterly update was more encouraging: quarterly revenue reached $340.3 million, up 4.7%, and management guided to roughly $1.35 billion for the current fiscal year.

Stitch Fix also fits the AI shopping definition more clearly today than it did a few years ago. The company describes its service as combining stylists with AI and recommendation algorithms, and it has recently expanded Stitch Fix Vision, which generates personalized images of customers wearing recommended outfits.

Still, its economics look nothing like Bloomreach or Coveo. Stitch Fix reported a 44.4% full-year gross margin because merchandise and fulfillment sit inside the business.

So we use Stitch Fix as the upper end of the broad AI-shopping market. For a ranking focused on private AI shopping software, Bloomreach is the cleaner number one. Where the broad AI shopping market ends and the private software ranking begins is a line we draw in our report on AI shopping.

Is Bloomreach the biggest private AI shopping startup by revenue?

Yes. Bloomreach currently has the strongest hard number among private companies whose business is heavily tied to AI-powered commerce.

Bloomreach said it passed $260 million in ARR during 2025. The company also finished the year with its strongest quarter to date, record net-new ARR and positive free cash flow.

The newer AI products are already becoming commercially meaningful. Bloomreach said nearly half of its customers had adopted at least one Loomi agent or next-generation AI product, while the number using four or more increased fourfold.

Bloomreach is therefore in a different financial class from most AI shopping companies launched during the generative-AI boom. It already had a large personalization and ecommerce software business, then layered agents and conversational shopping onto an existing customer base.

One qualification: $260 million is ARR. We keep it labelled as ARR rather than presenting it as recognized fiscal-year revenue.

Is Algolia making almost as much money as Bloomreach?

Yes. Algolia appears to be around the same commercial scale as Bloomreach, although we have less confidence in the exact revenue comparison.

A recent Algolia executive disclosure put the company at roughly $250 million in ARR and more than 18,000 customers. Algolia itself currently confirms that 18,000-plus businesses use the platform.

The $250 million figure would leave Algolia only about 4% below Bloomreach's reported $260 million-plus ARR. How close the biggest platforms sit to one another is easier to see on the market grids in our market report about AI shopping.

The bigger difference comes from what those customers buy. Algolia powers ecommerce search and product discovery, but it also sells AI search and retrieval into media, technology, healthcare, financial services and other markets.

Algolia therefore belongs near the top of a broad AI shopping ranking. We would be more cautious about describing the full $250 million as AI shopping revenue specifically.

Could Constructor actually be bigger than Bloomreach?

Constructor could be one of the largest pure AI ecommerce companies today, but there is no solid public revenue disclosure that lets us put it above Bloomreach.

Some commercial databases estimate Constructor's revenue at several hundred million dollars. We do not trust that estimate enough to use it as a hard ranking figure.

The operating numbers are impressive anyway. Constructor says its platform handles more than 400 billion requests per year, and average client retention has been 98.5% over the past three years.

Its focus is also unusually clean for this article. Constructor sells ecommerce search, recommendations, personalization and shopping-agent technology rather than using commerce as one vertical among many.

That makes Constructor awkward to rank. It clearly belongs near the top commercially; attaching a precise revenue number would be guesswork.

How big is Coveo today?

Coveo has reached $148.3 million in annual revenue, giving it one of the strongest financial disclosures anywhere in AI shopping software.

Coveo's latest fiscal-year results showed revenue up 11% from $133.3 million. SaaS subscription revenue reached $142.5 million, while revenue from its core platform grew 15% to $139.8 million.

The company also said commerce generated around 60% of fourth-quarter new business.

Those numbers make Coveo especially useful in this ranking. There is little guesswork around the accounting period, revenue definition or source.

Coveo does sell outside retail, particularly in enterprise search and service applications. Even so, commerce has become large enough inside the business for the company to sit firmly among today's biggest AI shopping platforms.

How big is Lookiero Outfittery after the merger?

Lookiero Outfittery is now a €100 million-plus personalized fashion business.

CEO Oier Urrutia said the combined group generated more than €100 million of revenue in its first fiscal year after the merger of Spain's Lookiero and Germany's Outfittery. The group had also reached positive EBITDA and raised another €17 million.

That immediately puts Lookiero Outfittery well ahead of the new crop of AI fashion apps on disclosed revenue.

Its business model is closer to Stitch Fix than Bloomreach. Customers are buying a personalized fashion service and clothing rather than paying for enterprise AI software.

But if the question is simply which companies have already turned algorithmic shopping and styling into large businesses, Lookiero Outfittery clearly belongs near the top. Turning algorithmic styling into a big business takes more than a model, and we study what leaders do differently in our report on AI shopping.

Which AI fashion shopping companies make the most money?

Stitch Fix and Lookiero Outfittery currently dominate AI-assisted fashion shopping by disclosed revenue, while Lyst, Syte and Nosto form a much smaller second group.

Stitch Fix generated $1.27 billion in its last completed fiscal year. Lookiero Outfittery passed €100 million. Lyst's latest filed group accounts put it at £39.6 million, while Syte says directly that it generates tens of millions of dollars in annual revenue.

Nosto reported €19.7 million of revenue in 2025.

The gap with the newest consumer AI fashion apps remains large. Phia has more than one million users. Daydream has more than 1.5 million shoppers. Neither has disclosed annual company revenue comparable with these older businesses.

Company	Current financial or commercial evidence	Our read
Stitch Fix	$1.27B FY2025 revenue	By far the largest, but retail economics
Lookiero Outfittery	>€100M FY2025 revenue	Large personalized-fashion business
Lyst	£39.6M FY2025 revenue	Established fashion discovery platform
Syte	Tens of millions in annual revenue	Proven visual-AI scale
Nosto	€19.7M 2025 revenue	Established commerce personalization vendor
Phia	1M+ users; exact annual revenue undisclosed	Fast consumer growth
Daydream	1.5M+ shoppers; revenue undisclosed	Large audience, earlier monetization

Is Lyst still a big AI fashion shopping company?

Lyst is still a substantial fashion discovery business, with £39.6 million of revenue in its latest available group accounts.

The accounts filed at Companies House cover the year ended in March 2025. That makes the number older than some user metrics from newer AI shopping apps, but it remains far more useful for a revenue comparison.

This is a good example of why user rankings and revenue rankings produce different answers. A new shopping agent can reach one million people quickly. Building a business with £40 million of annual revenue takes a different level of monetization.

Lyst's scale also reflects years of retailer integrations, affiliate relationships and high-intent fashion traffic. New consumer agents are growing faster from a much smaller financial base.

How big is Syte today?

Syte is already making tens of millions of dollars per year, which puts it comfortably inside the established AI shopping software group.

Syte says this directly on its company website. It also says it powers product discovery for more than 100 major brands and has raised $71 million.

We would avoid pretending that a third-party estimate such as $31 million or $32 million is an exact current figure when the company's own disclosure only gives us a range.

“Tens of millions” is less tidy in a ranking, but it is stronger evidence.

Syte is also unusually relevant to the central question because visual discovery, recommendations and product search sit at the heart of its business rather than being one small application of a broader AI platform. Visual search and recommendations are at different stages of maturity, which we sort out in our report covering the AI shopping market.

Is Nosto still growing?

No. Nosto's latest reported revenue fell again, extending a decline that has now lasted several years.

Finnish company data shows €19.7 million of 2025 revenue, down 8.1% from €21.4 million in 2024. Revenue had been €23.2 million in 2023 and €26.5 million in 2022.

From the 2022 peak to 2025, that is a decline of roughly 26%.

Nosto is a useful reality check. AI ecommerce is attracting plenty of attention these days, but established personalization vendors are not all riding the same growth curve.

The market is changing underneath them. Conversational search, agents and generative product discovery are opening new budgets while making older tools easier for retailers to reconsider.

Which AI shopping startups have already crossed $100 million?

The $100 million club is still small: Bloomreach, Algolia, Coveo and Lookiero Outfittery clearly belong in or above that range based on the evidence we found.

Bloomreach has more than $260 million in ARR. Algolia is around $250 million in ARR according to its recent executive disclosure. Coveo reports $148.3 million in fiscal-year revenue. Lookiero Outfittery reported more than €100 million.

Constructor probably belongs in this conversation as well, although its lack of a reliable public revenue figure stops us from claiming it has crossed a specific threshold.

Stitch Fix sits far above all of them if public AI-assisted retailers are included.

Out of dozens of funded AI commerce companies we reviewed, very few have hard evidence of nine-figure annual scale. That is a much smaller group than the size of the market narrative might suggest.

Which AI shopping startups have reached at least $10 million?

The number of AI shopping companies with evidence of eight-figure scale is much larger, but the quality of the evidence drops quickly once we move beyond the leaders.

Dynamic Yield, Voyado, Lyst, Algonomy, Firework, Lucidworks, Nosto, Stylitics, Syte, GroupBy, Monetate, Doofinder, FACT-Finder, Lily AI, Searchspring, Luigi's Box, True Fit, Rebuy and Clerk.io all have evidence pointing to roughly $10 million or more in annual revenue, ARR or a closely related financial measure.

For several of those companies, the only current number comes from a third-party commercial database.

So the broad revenue band is more trustworthy than the exact ordering. A modeled $23.2 million estimate does not meaningfully prove that one private company is larger than another company estimated at $21.5 million. Modeled revenue is only as good as its assumptions, so ours stay visible in the market sizing in our AI shopping market report.

Approximate scale	Examples	Evidence quality
>$250M	Bloomreach, Algolia	Strong to medium
$100M–$250M	Coveo, Lookiero Outfittery	Strong
Likely $50M–$100M	Dynamic Yield, Voyado, Algonomy, Firework	Mixed
Roughly $20M–$50M	Lyst, Syte, Nosto, Stylitics, Monetate, Doofinder	Mixed
Roughly $10M–$20M	GroupBy, Lily AI, Searchspring, Luigi's Box, True Fit, Rebuy, Clerk.io	Mostly estimate-driven
Below $10M	Depict, Klevu, Veesual, Envive AI, qeen.ai, Rep AI and many newer vendors	Mostly early-stage or estimated

Why do B2B AI shopping companies make so much more money than consumer apps?

Retailers have been paying for search, recommendations, personalization and conversion software for years, so B2B AI shopping companies started the current AI wave with large recurring contracts already in place.

Bloomreach passed $260 million in ARR. Coveo generated $142.5 million from SaaS subscriptions in its latest fiscal year. Constructor processes more than 400 billion requests each year for ecommerce customers.

A consumer shopping app has to build that economic machine from scratch. First comes consumer acquisition. Then retention. Then enough purchasing volume to earn meaningful commissions, advertising revenue or retailer fees.

That explains why the most visible new consumer apps can have millions of shoppers while still sitting well below the enterprise platforms financially.

The newer companies are trying to close that gap by selling technology back to retailers as well. Daydream is already doing this with Powered by Daydream, which turns its fashion search technology into a retailer product.

Is Phia already one of the biggest AI shopping startups?

Phia is already one of the biggest new consumer AI shopping apps, but its disclosed financial scale still sits well below the established B2B leaders.

Phia says it passed one million users within ten months of launch and has partnered with more than 6,200 retail brands. The company also raised $35 million at a reported $185 million valuation.

There is genuine monetization here. Phia says it drives millions of dollars of sales for brands every month and that its own revenue has grown 11-fold since launch.

The limitation is straightforward. Retail sales generated through Phia belong to merchants, while 11-fold growth tells us nothing about the absolute revenue base unless we know where it started.

Phia currently has some of the best monetization evidence among consumer AI shopping agents. It still does not have a disclosed annual revenue figure that puts it in Bloomreach, Coveo or Syte territory.

Is Daydream turning its 1.5 million shoppers into a real business?

Daydream is moving beyond audience growth and has started building a clearer B2B revenue model around its AI fashion search technology.

Daydream now says more than 1.5 million shoppers use the platform across over 10,000 brands and 325 retailers.

More interesting financially is Powered by Daydream. The company recently started letting fashion retailers embed its natural-language and visual search directly on their own websites. Five retailers were already live when the program was announced, and more than 25 others had signed up. Retailers going live and others signing up are the kind of early signal we watch every quarter in our market report about AI shopping.

That gives Daydream a second route to monetization alongside consumer shopping transactions.

The company still does not disclose enough revenue for a serious financial ranking. But the retailer product gives us something more tangible to watch than user growth alone: whether merchants begin paying Daydream recurring software revenue at meaningful scale.

Does Onton's two million monthly users make it a big AI shopping business?

Onton has become a large consumer AI shopping product by usage, although we still do not know how much money that audience produces.

Onton, previously called Deft, said monthly active users grew from roughly 50,000 to more than two million. That is about 40 times the original audience.

The company also raised another $7.5 million and expanded beyond its initial furniture focus.

Two million monthly users would be an impressive foundation for almost any shopping company. Revenue depends on what happens after those people arrive: how often they buy, average order values, merchant economics and how much value Onton captures from each transaction.

Until those figures become public, Onton belongs near the top of the consumer-usage ranking and outside the hard revenue ranking.

How big is eComID compared with consumer AI shopping apps?

eComID already reaches 20 million shoppers every month through retailer partners, giving it one of the largest disclosed shopper footprints in this market.

The company says it works with more than 60 brands. It also reports a 30% lower return rate among shoppers using the platform and around 10% higher conversion for partner brands.

eComID recently raised $17 million to expand its AI-powered Shopping Passport.

Its 20 million figure needs to be read correctly. These are shoppers reached through partner retailers rather than 20 million people opening a standalone eComID app every month.

Even with that distinction, the footprint is large. eComID could build a meaningful B2B business if retailers continue paying for better sizing, shopper context, conversational search and lower returns. Current revenue remains undisclosed.

Does having millions of AI shoppers actually mean high revenue?

No clear relationship has emerged yet between consumer audience size and high company revenue in AI shopping.

Phia has more than one million users. Daydream has more than 1.5 million shoppers. Onton reports more than two million monthly active users. eComID reaches 20 million shoppers each month through participating brands.

None has publicly demonstrated annual company revenue comparable with Bloomreach's $260 million-plus ARR or Coveo's $148.3 million fiscal-year revenue.

The consumer companies are increasingly adding ways to monetize beyond simple affiliate transactions. Phia works with thousands of brands, Daydream is selling retailer technology, and eComID embeds directly inside merchant experiences.

For now, audience scale tells us who is winning attention. It does not tell us who is winning the revenue race. Attention that never turns into revenue is a risk for consumer apps, which we rate in our AI shopping market report.

Which type of AI shopping startup makes the most money today?

AI search, personalization and product-discovery infrastructure currently makes the most money in the private AI shopping market.

Bloomreach and Algolia sit around the $250 million ARR level. Coveo is approaching $150 million in reported annual revenue. Constructor has not disclosed enough financial detail for an exact ranking, but its customer and request scale clearly puts it among the established leaders.

Personalized fashion businesses form another large category, particularly when merchandise revenue is included. Stitch Fix and Lookiero Outfittery demonstrate how big these models can become.

The consumer-agent group is still much earlier financially. Phia, Daydream and Onton are growing quickly, yet hard revenue disclosure remains scarce.

Business model	Representative companies	Current revenue picture
Enterprise search and product discovery	Bloomreach, Algolia, Constructor, Coveo	Largest private-company revenue pool
AI-assisted fashion retail and styling	Stitch Fix, Lookiero Outfittery	Very large revenue, but retail economics
Personalization and merchandising software	Dynamic Yield, Nosto, Monetate	Mostly eight-figure businesses
Visual AI and fashion discovery	Syte, Stylitics, Lily AI, True Fit	Mostly tens of millions or below
Consumer AI shopping agents	Phia, Daydream, Onton	Rapid audience growth; little hard revenue disclosure
Shopper context infrastructure	eComID	Huge reach through retailers; revenue undisclosed

Are the new AI shopping agents catching the old leaders?

The new AI shopping agents are catching the established platforms in consumer attention much faster than they are catching them in revenue.

Phia passed one million users within ten months. Onton grew from around 50,000 to more than two million monthly users. Daydream has already attracted more than 1.5 million shoppers.

The older B2B platforms have a much larger financial head start. Bloomreach has more than $260 million in ARR. Algolia serves more than 18,000 customers. Coveo generates close to $150 million a year.

Closing that gap will require more than another viral consumer app. The newer companies need high purchasing frequency, meaningful transaction economics or a recurring B2B revenue stream.

That is why the push into retailer technology is worth watching closely. If Daydream, Phia or another consumer agent can turn shopper data and discovery technology into large enterprise contracts, the ranking could change much faster.

Why are some AI shopping revenue estimates so hard to trust?

Private-company revenue becomes much murkier once we move below the largest AI shopping platforms.

Bloomreach gives us direct ARR. Coveo and Stitch Fix publish full financial statements. Lyst files accounts in the UK. Nosto has public Finnish financial data. Syte at least tells us directly that annual revenue is in the tens of millions.

For many other companies, current figures come from databases that model revenue from limited private information.

Those estimates can still tell us whether a business probably makes $3 million, $30 million or $300 million. They become much less convincing when used to claim that a company with an estimated $23.2 million is definitely larger than one estimated at $21.5 million.

We therefore use exact ranking positions most confidently at the top, where the evidence is strongest. Deeper into the market, revenue bands usually tell the truth better than an artificially precise leaderboard. When many figures are modeled, a source behind each number matters, so the data in our report on AI shopping is sourced.

So which AI shopping startups are actually making the most money today?

Bloomreach currently has the strongest documented case among private AI shopping technology companies, while Stitch Fix is much larger if we include AI-assisted retailers.

Bloomreach's more than $260 million ARR puts it at the top of the private commerce-focused software group. Algolia sits close by at roughly $250 million ARR, although its business extends well outside shopping. Coveo follows with $148.3 million in reported annual revenue. Constructor clearly belongs in this upper tier commercially, but we would not invent an exact revenue number for it.

The next level includes Lookiero Outfittery, several established personalization and search vendors, and companies such as Lyst and Syte that have already built real eight-figure businesses.

The fashionable names currently sit elsewhere. Phia, Daydream, Onton and eComID have impressive adoption, but their publicly disclosed financial evidence remains much thinner.

So the market is running two races. Established B2B platforms lead on revenue; the new consumer agents are taking a growing share of the attention. Whether those leaderboards begin to converge is now the interesting part.