MENLO PARK, Calif.--(BUSINESS WIRE)--Wing Venture Capital announced today that it has published its inaugural list of 50 young companies pioneering the development of Data-First business software applications. Collectively, these startups have raised $1.8 billion of venture funding to pursue their mission. The list forms part of a research report from Wing that explores the rise of this new generation of software, which promises to produce an even bigger collective shift in the $150 billion-plus business application market than the one triggered by the Software-as-a-Service movement before it.
The original business software paradigm produced a generation of applications that drove efficiency by mapping workflows and then codifying them. Data was treated as an afterthought. The latest wave of applications represented by the companies on Wing’s list turn this traditional approach on its head: data lies at their core, and business logic is applied to it rather than the other way around—hence the term “Data-First”. Artificial intelligence technologies embedded in the applications deliver actionable insights to users, often in real time.
Wing’s report highlights how these next-generation applications are spreading from relatively low-risk categories like sales and marketing into more sensitive ones like IT security, Human Resources, and IT operations. It also examines how Data-First applications can play a key role in digital transformation initiatives at many businesses by turbocharging the productivity of employees, boosting revenue, and improving interactions with customers.
Wing fully expects that this fundamental change in the business technology landscape will ultimately produce a new set of significant public companies. The firm intends to keep updating its Data-First list over time and would very much like to hear from founders who think their companies should be included on it.
In addition to publishing its report today, Wing plans to hold an invitation-only event in July in San Francisco at which founders of Data-First companies will talk about their approach to building these next-generation applications. If you would like to be considered for an invitation, please contact Wing at firstname.lastname@example.org
A link to the Wing Data-First 50 report is here:
About Wing Venture Capital
Founded in 2013, Wing Venture Capital is the best-of-breed venture capital firm devoted to early-stage, long-term company building in business technology. Wing emphasizes craftsmanship over volume, and engages deeply with founders to help them create companies that matter. The body of work of Wing’s award-winning team spans more than two decades and dozens of successful early-stage companies, 16 of which went on to achieve billion-dollar-plus outcomes following IPOs or acquisitions. For more information, visit: www.wing.vc
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