Pocket's popular AI notetaker launched 8 months ago. Revenue is soaring, but can it last?

Akshay Narisetti (left) and Gabriel Dymowski, the cofounders of Pocket.

Pocket Pocket is an AI notetaker hardware startup that went through Y Combinator this year.

It told Business Insider it reached a $100 million run rate eight months after launching its product.

The tech graveyard is already littered with failed AI devices, but Pocket hopes it can endure.

AI hardware has had more misses than hits.

Pocket wants to change that.

The AI notetaker hardware startup says it has reached a $100 million run rate eight months after launching.

While the tech graveyard is already littered with failed AI devices, Pocket is betting its thin recorder, which snaps onto the back of smartphones and transcribes conversations, is not just a fad.

"It's only going to go up from here," cofounder and CEO Akshay Narisetti told Business Insider.

"We have so much money coming in from subscriptions." Run rate is a popular way for young startups to describe growth, but it is not the same as actually generating $100 million in revenue over the previous 12 months.

Instead, it takes a company's current revenue pace and projects it over a full year.

Narisetti said Pocket is growing roughly 50% a month and believes it could reach a $1 billion run within two years.

He said the company has only 12 employees and has sold more than 200,000 devices.

Pocket was part of this year's Y Combinator accelerator class.