As the rate of AI adoption across nearly every industry has started to rapidly accelerate, many companies, investors, and individuals are looking for the top AI startups that are reshaping industries. From increasing customer service efficiency, AI-based writing and coding, identifying new drugs, and improving investment research, it's hard to find an industry that isn't being disrupted by artificial intelligence and machine learning.
Whether you're looking to invest in the space, join a fast-growing AI company, or want to find interesting companies to do business with, in this guide we've put together the top 25 well-funded AI startup companies to watch. If you want to get a list of recently-funded tech companies that you can do business with delivered to your inbox every week, including well-funded AI startups, you can learn more about our MLQ VC service here.
AMP Robotics is an AI and robotics platform focused on recycling and waste management. The company applies computer vision to process millions of images of materials to automatically separate recyclables such as plastic cans, cardboard, batteries, and so on. AMP sells its AI software and robotics hardware to recycling centers and the business has increased amid the pandemic, resulting in a $55 million raised at the end of 2020. This brings their total funding to date to 77.58 million.
Arthur AI is a company that specializes in AI model monitoring in order to manage machine learning pipelines, development, and models in production. Their solutions include monitoring natural language processing (NLP) models, computer vision models, bias detection, and Explainable AI. The company works with a variety of enterprise customers in industries ranging from self-driving cars, financial services, insurance, healthcare, and more. To date, the company has raised $18.3 million in funding.
Automation Anywhere is a Robotic Process Automation (RPA) company that offers a cloud-native automation platform that combines AI, machine learning, analytics, and RPA. The company also offers the Bot Store, which is a marketplace of pre-built automation solutions to accelerate RPA development. Based in San Jose, California, the company has raised $849.3 million to date.
Blaize is an edge AI computing platform that creates products for the automotive, smart vision, and enterprise computing industries. The company was built to meet the demands of next-generation interactive products that will require 10-100x more computing performance, as well as longer battery lives. The company has raised $136 million to date, and just recently raised a Series D round of 71 million in July 2021.
Clari is a Revenue Operations (RevOps) platform that uses AI for forecasting and revenue intelligence. The platform automatically gathers data from the organization, including emails, CRM meetings, and so on, and then uses AI to create insightful dashboards with the goal of aligning operations with predictable revenue. The company has raised $271 million to date, with its latest Series E round occurring in July 2021.
Coveo is an enterprise search company that uses AI for intelligent search, content personalization, recommendations, and more. The platform provides solutions for eCommerce, services, websites, and other workplace applications. Based in Canada, the company has raised $341 million in venture funding to date.
DarwinAI is an explainable AI company that works with enterprise companies in the healthcare and manufacturing industry. Their Generative Synthesis technology makes explainability a reality and allows developers to understand, interpret, and measure how their deep neural networks are actually working. Based in Canada, the company has raised $3M to date in funding.
Backed by industry titans including Amazon, Google, Microsoft, and Salesforce, Databricks combines the best of data analytics, AI, data warehouses, and data lakes into one "Lakehouse platform". Created by the founders of Apache Spark, Databricks empowers data scientists, data engineers, and data analysts to conduct interactive and schedule data analytic tasks in a collaborative environment. The company just raised a massive Series H round of $1.6 billion at a valuation of 38 billion.
Dataiku is another enterprise AI platform that helps with the machine learning workflow, including data preparation, visualization, DataOps, MLOps, explainability, and more. The company has raised $646 million to date, with their latest series E round taking place in August 2021, raising 400 million in additional funding.
DataRobot is an AI cloud platform that helps engineers and data professionals build machine learning models. The platform's core capabilities include AutoML, data preparation, no-code model building, and more. The product is used across a wide range of industries from fintech, marketing, oil and gas, the public sector, and many others. The company recently raised another $300 million in funding and acquired Algorithmia, which also helps companies improve their machine learning model building and workflows.
Deci describes itself as a "deep learning acceleration" platform that allows you to build, optimize, and deploy models with faster inference speed. Their AI platform works with any hardware and can accelerate inference for both cloud and edge computing. The platform does this with their "Automated Neural Architecture Construction (AutoNAC)" technology, which is an optimization engine that improves the speed of inference for any hardware. Based in Tel Avis, the company has raised a total of $9.1 million to date.
Eightfold is an AI talent management platform that helps companies recruit, hire, and retain employees. With their AI-based talent matching technology, they're able to help clients find the most suitable candidates for their hiring needs. Based in Mountain View, California, the company has raised a total of $396.8M to date.
Graphcore is an AI company working on microprocessors built for AI and machine learning applications. The company created a new type of AI processor: the Intelligence Processing Unit (IPU). Founded in 2016 in the UK, the company has raised $682 million in funding to date
Founded by renowned AI scientist and entrepreneur Andrew Ng, Landing AI focuses on applying deep learning in the manufacturing industry. The AI company built an end-to-end platform for industrial manufacturers to help build and scale production-level visual inspection solutions.
H20.ai is an AI cloud platform that provides an end-to-end open-source platform to build ML-based applications. This includes data preparation, model building, explainability, model deployment, and more. Founded in 2012 in Mountain View, California, the company has raised $151.1 million to date.
Nuro is a self-driving AI startup that focuses on electric vehicles that are designed to deliver local packages. Unlike other earlier-stage self-driving startups, its fleet of autonomous delivery vehicles, the R2, is already fully licensed and registered to operate on public roads in the states that it operates. Based in Mountain View, California, the company has raised $1.5 billion to date.
Founded by notable entrepreneurs and investors including Sam Altman and Elon Musk, OpenAI describes itself as a research and deployment company. A few of their most notable achievements include GPT-3, which is a language model that contains 175 billion parameters. Since its introduction, Microsoft has now teamed up with OpenAI to exclusively license the language model. A more recent innovation of theirs is OpenAI Codex, which is an AI system that translates natural language into code. Based in San Fransisco, the company has raised over $1 billion to date.
Osaro is another San Francisco-based AI company that is developing products based on deep reinforcement learning. In particular, the company offers robotic automation software for industrial productivity. A few of the product's main use cases include logistics automation, bin picking, automated bagging, parcel picking, and sorting, amongst other factory-related automation. Founded in 2015, the company has raised $96 million to date.
Pony.ai is another self-driving autonomous vehicle startup that has spearheaded public-facing robo-taxis in the US and China. They launched their PonyPilot Robotaxi service in late 2018, which allowed passengers to hail a self-driving car. Founded in 2016 and based in Fremont, California, the company has raised $1.1 billion to date.
Rasa is an AI company that specializes in natural language processing (NLP) and conversational AI. Their open-source conversational AI platform has been downloaded by over 3 million developers. The company also offers a suite of conversational AI products and virtual assistants that are used in healthcare, banking, and so on. Based in San Francisco, the company has raised $40.1 million to date.
Scale AI is a data annotation platform that accelerates the process of acquiring training data for machine learning. Their AI platform has many applications including LiDAR video, image annotation, self-driving, robotics, and more. The platform is also used by many major tech companies including Uber, Airbnb, Pinterest, amongst others. Based in San Francisco, the company has raised over $600 million to date.
SentinelOne describes itself as an "autonomous AI endpoint security platform". The cybersecurity platform provides end-to-end protection, including detection, mitigation, real-time forensics, and more. Based in Mountain View, California, the company has raised $696.5 million to date.
Synk is an AIOps company that enables developers to automatically find and fix vulnerabilities in their code or application infrastructure. Synk has more than 1200 customers globally, including many of the top tech giants such as Google, Intuit, Salesforce, and more. Based in Boston, Massachusetts, the company has raised $1.4B to date.
ThoughtSpot is an AI-driven analytics and business intelligence platform that provides personalized insights through what they call the Modern Analytics Cloud. This self-service analytics platform allows developers and analytics to build interactive data apps that integrate with the company's existing cloud infrastructure. Based in San Francisco, California, the company has raised a total of $743 million to date.
Viz.ai is an AI-focused medical imaging company that uses deep learning to improve how healthcare is delivered. Their machine learning algorithms allow physicians to identify anomalies in brain scans earlier and communicate time-sensitive information about stroke patients. Based in San Francisco, California, the company has raised over $150 million to date.
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