Fortune’s Future 50 list pinpoints 50 fast-growing companies to watch—and invest in. Published this morning, the ranking is dominated by software and AI businesses. Half of the spots belong to companies that are still private.
Unsurprisingly, it’s mostly dominated by companies with neither a female founder or CEO. But there are a few women-led or -founded businesses on the ranking that it’s also no surprise to see.
Canva, the visual communication company founded and led by CEO Melanie Perkins, comes in at No. 32. Canva has already made several of its employees millionaires through secondary share sales as it approaches a long-awaited IPO. For outside investors, its pivot from graphic design to enterprise productivity and AI coding offers an opportunity to live up to a valuation that’s at least $32 billion.
Anthropic, cofounded by Daniela Amodei, comes in at No. 29. Its valuation is currently $61.5 billion and its devotion to studying the ethical and political implications of AI sets it apart in the AI race.
Overall, the list draws on data from more than 3,000 companies and relies on 25 metrics. Since the list first launched, companies chosen for it have outperformed the MSCI World stock index by 1.4 percentage points, with averaged annual total returns of 12%.
Explore the full list here.
Emma Hinchliffe
emma.hinchliffe@fortune.com
The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.
ALSO IN THE HEADLINES
Five out of six nominees in the limited series directing category at last night's Emmys were women. Presenter Elizabeth Banks talked up the milestone, but the sole male nominee still won! Variety
Tatcha founder Vicky Tsai gives a candid interview about the cost of success. She says watching other people run her company after she sold to Unilever for $500 million cured any remaining impostor syndrome. And coming back to turn it around cost her a pregnancy and her marriage. "If people don’t start telling the truth about the cost, it will keep going," she says. Elle
The Vampire Diaries is the latest equal pay frontier. On the eight-season CW series, actress Nina Dobrev says in a new book about the show that she was never paid equally to her two male co-leads—even though she played two characters, which meant double the work. Variety
$10 million in contraceptives actually hasn't been destroyed yet. The Trump administration said it had disposed of the birth control pills and IUDs purchased by USAID for use in low-income countries. But authorities in Belgium, where the store has been kept, inspected and said it's all still there as of Friday. New York Times
ON MY RADAR
Bobbi Brown tells her beauty comeback story New York Times
How a rookie WNBA coach guided her team to a historic playoff berth The Athletic
Working women are doing great, except for the pay Bloomberg
PARTING WORDS
"I wrote this on the back of notes I took in therapy the other day, so don’t look at the back."
— Cristin Milioti, accepting her Emmy for outstanding actress in a limited series or movie