AI-Native Companies Command 21.2x EV/Revenue vs 5.5x for Legacy SaaS — 4x Valuation Premium in Venture Rounds

SaaS Rise·medium signal

SaaS Rise's 2026 AI Software Valuation Report reveals AI-native companies trade at median 21.2x EV/Revenue in venture rounds, roughly 4x the 5.5x median for legacy SaaS. AI-enabled companies (legacy SaaS with AI features bolted on) sit at ~8.5x — a meaningful premium over legacy but far below AI-native. This quantifies exactly how much the market rewards building AI-first vs adding AI to existing products.