Innodata is one of the fastest growing software companies.

Innodata provides services and platforms for AI builders and AI adopters. Its work includes data annotation, data engineering, model training support, model safety testing, red teaming, human preference optimization, and evaluation workflows. Basically, Innodata helps AI companies and enterprises turn messy data into useful AI systems.

The most attractive part of Innodata is that it is exposed to one of the most important bottlenecks in AI: trusted data and model evaluation. AI models can be powerful, but they still make mistakes, hallucinate, fail edge cases, and behave unpredictably. For companies using AI in real products, this creates a huge need for testing, improvement, and monitoring.

It has already won over high-quality customers like Palantir. Palantir selected Innodata to provide training data and annotation for AI projects, including multimodal data involving video, imagery, and sensor analysis.

In Q1 2025, Innodata reported revenue of $58.3M, up 120% year over year. In Q1 2026, revenue reached $90.1M, up 54% year over year, and the company raised its full-year 2026 revenue growth guidance from more than 35% to 40% or more.

But it’s important to keep in mind that it can be a very volatile stock.