15 Best Small Cap AI Stocks to Buy Right Now

3. AvePoint, Inc. (NASDAQ:AVPT)

Number of Hedge Fund Holders: 40

​AvePoint, Inc. (NASDAQ:AVPT) is a software company that provides data management and governance solutions for Microsoft 365, SharePoint, Teams, and other collaboration platforms. Its cloud-based offerings support data protection, compliance, access control, migration, and records management for organizations across sectors including government, education, healthcare, and financial services. AVPT integrates AI into its platform to automate policy enforcement, detect anomalies, and enhance data classification and compliance, positioning it to benefit from the growing demand for AI-driven data governance and security solutions.

AvePoint, Inc. (NASDAQ:AVPT) has demonstrated a strong market presence with 25,000 customers globally and processes over 500 petabytes of data daily. The company has achieved significant financial milestones, with 89% gross revenue retention and guidance for 25% ARR growth next year. AVPT has set an ambitious target of reaching $1 billion in ARR by 2029, supported by multiple growth vectors including SMB segment expansion, Google partnership, and enterprise growth. The company maintains strong geographical diversification with 45% recurring revenue from North America, 30% from EMEA, and the remainder from APAC.

With the rise of Gen AI, AvePoint, Inc. (NASDAQ:AVPT)’s platform has become increasingly relevant as companies need to properly govern, ensure quality, and manage access control and lifecycle management of AI-generated data. The company maintains a strong balance sheet, achieving GAAP profitability ahead of schedule and generating $85 million in cash flow last year. With 40 hedge funds owning the stock, AVPT is one of the best small cap AI stocks to buy right now.