Artificial intelligence is no longer confined to research labs; it’s now an integral part of our daily lives, revolutionizing industries across the board.
From healthcare and finance to manufacturing and entertainment, AI is reshaping how we live and work.
And, with numerous companies & startups pushing the boundaries of innovation, the AI landscape has become more dynamic than ever.
In this blog post, we aim to spotlight 25 of the most promising AI startups that are set to make waves across various industries in 2024.
Let’s dive in!
1. Cresta
Source: Cresta
Location: Palo Alto, California
Year founded: 2017
Total funding: $151 million (5 funding rounds so far)
This AI startup is designed to enhance contact centre performance by centralizing and amplifying knowledge, insights, and coaching.
It offers solutions across various functions such as sales, customer care, collections, retention, and support for remote teams.
Cresta’s products use Generative AI to provide real-time coaching, quality assurance, and automation for intelligent contact centres.
2. Pony.ai
Source: Pony.ai
Location: Fremont, California
Year founded: 2016
Total funding: $1.19 billion (10 funding rounds so far)
Pony.ai specializes in creating AI-driven solutions for self-driving vehicles. It has rapidly become a global leader in the field of autonomous mobility.
The company operates in various sectors, including Robotaxi, Robotruck, and Personally Owned Vehicle (POV) units, making it a significant player in the commercialization of autonomous driving technology.
As of April 2023, Pony.ai has accumulated an impressive track record, covering over 21 million kilometres of autonomous driving globally, conducting extensive driver-out testing, and fulfilling nearly 200,000 fee-charging robotaxi orders.
3. OpenAI
Source: OpenAI
Location: San Francisco, California
Year founded: 2015
Total funding: $11.3 billion (5 funding rounds so far)
Popularly known for developing several large language models, including ChatGPT and GPT-4, OpenAI is focused on AI research and deployment.
It emphasizes the importance of creating AI systems that prioritize safety and align with human values over profit.
Through ongoing research and the development of AI models, OpenAI seeks to contribute to the positive impact of AI technology on society.
Related: The Ultimate Guide to Creating Your Own AI Chatbot
4. Veriff
Source: Veriff
Location: Tallinn, Estonia
Year founded: 2015
Total funding: $200 million (5 funding rounds so far)
This next AI startup is an AI-powered identity verification platform designed to combat fraud, ensure compliance, and enhance customer trust.
It offers a plethora of services, including identity and document verification, proof of address, database verification checks, age validation, KYC onboarding, AML screening, biometric authentication, and fraud protection.
Veriff’s combination of AI & human verification teams aims to prevent fraudulent activities while minimizing friction for genuine users.
5. Viz.ai
Source: Viz.ai
Location: San Francisco, California
Year founded: 2016
Total funding: $252 million (7 funding rounds so far)
Viz.ai is a healthcare technology company that uses AI to enhance patient outcomes. Its largest product, Viz.ai One, is an AI-powered care coordination solution created to bridge the communication gap between patients and healthcare providers.
Using advanced FDA-cleared algorithms, Viz.ai analyzes various medical imaging data, such as CT scans, EKGs, and echocardiograms in real time. This allows for rapid insights and automated assessments, expediting the diagnosis and treatment process.
Viz.ai auto-detects suspected diseases across a wide range of therapeutic areas & offers solutions that cover neurology, vascular, radiology, and life sciences.
6. Shield AI
Source: Shield AI
Location: San Diego, California
Year founded: 2015
Total funding: $749 million (13 funding rounds so far)
Shield AI is focused on developing cutting-edge AI technology for piloting unmanned aerial vehicles (UAVs) or drones. Its mission is to use intelligent systems to protect both military service members and civilians.
Shield AI’s flagship product is called Hivemind, an AI pilot designed to enable swarms of drones and aircraft to operate autonomously in various environments without relying on GPS, communications, or human pilots.
Hivemind has been deployed in combat since 2018, demonstrating its effectiveness in diverse scenarios, from indoor building clearance with quadcopters to integrated air defence breaches with fixed-wing drones.
7. Jupiter Intelligence
Source: Jupiter Intelligence
Location: San Mateo, California
Year founded: 2017
Total funding: About $100 million (8 funding rounds so far)
Next on our list is Jupiter Intelligence, a leading provider of climate risk analytics. It specializes in translating gold-standard climate science into actionable data.
Jupiter Intelligence’s ClimateScore Global product offers decision-ready climate analytics, allowing organizations to assess their exposure, price their risk, and enhance their resilience to climate-related challenges.
Its extensive database includes over 11,700 metrics per location, providing a comprehensive representation of climate exposure.
Related: Startup vs Consulting: Which One’s for You?
8. Spot AI
Source: Spot AI
Location: Burlingame, California
Year founded: 2018
Total funding: $62 million (4 funding rounds so far)
Spot AI aims to build a modern and secure workplace by leveraging artificial intelligence in video surveillance through its AI camera system.
The camera system offers features like an Intelligent Video Recorder, IP Cameras, and a Cloud Dashboard, allowing your team to use video footage to minimize loss, identify opportunities, and unify multiple locations on a single dashboard.
With this technology, you can search & resolve incidents faster, unlock hidden gaps and efficiencies, as well as maintain & scale cameras with ease.
9. Stability AI
Source: Stability AI
Location: London, England
Year founded: 2019
Total funding: $126 million (2 funding rounds so far)
This startup is focused on developing and providing various AI models in different domains such as audio, image, language, and video.
These models, including Stable Diffusion XL, Stable Audio, Stable LM, and Stable Video, are designed to be open and accessible to developers, enabling them to create innovative applications.
By providing open access to their models and encouraging developers to participate, Stability AI aims to build a foundation that activates “humanity’s potential.”
Related: Best AI Tools to Supercharge Your Productivity (2023)
10. DeepL
Source: DeepL
Location: Cologne, Germany
Year founded: 2017
Total funding: Unknown; its largest funding round raised $15 million (4 funding rounds so far)
DeepL offers an advanced AI translator that supports translation in 30+ languages. Its other products include a web translator, browser extensions, desktop and mobile apps, an API, and an AI writing tool called DeepL Write.
The company’s products are built to help your business thrive by providing effective and innovative solutions for language-related challenges.
11. Vise
Source: Vise
Location: New York, New York
Year founded: 2016
Total funding: $125 million (3 funding rounds so far)
Vise is an AI-driven asset management platform that assists financial advisors in creating, overseeing, and explaining personalized investment portfolios.
The platform offers features like automated tax-loss harvesting, model management, and always-on rebalancing to optimize portfolio management.
It also provides AI-powered insights through Vise Intelligence to accelerate portfolio analysis and offer personalized, clear insights into investment decisions.
Vise is dedicated to empowering financial advisors to enhance investment results for its clients while maximizing their capabilities for growth.
12. Tempo
Source: Tempo
Location: San Francisco, California
Year founded: 2015
Total funding: $398 million (4 funding rounds so far)
Tempo’s home fitness platform combines equipment, training, and social motivation with 3D sensors and AI. It allows you to perform strength training and use adjustable weights in the comfort of your living room.
It also provides an HD screen that streams your workouts & built-in technology to give you real-time workout guidance.
Tempo’s goal is to help you realize your strength and lead a healthy life by making strength training easily accessible.
13. Dataiku
Source: Dataiku
Location: New York, New York
Year founded: 2013
Total funding: $847 million (8 funding rounds so far)
Dataiku is an end-to-end platform that facilitates the building & management of data and AI projects within organizations.
It empowers teams to seamlessly integrate data into their daily operations, covering everything from advanced analytics to Generative AI.
It also accelerates data preparation by empowering business and analytics teams to connect, cleanse, and prepare data at scale through customizable visual & code recipes.
With Dataiku, individuals across various roles, including tech experts, business experts, and enterprise leaders, can collaborate on a single platform for design and production.
14. Jerry
Source: Jerry
Location: Palo Alto, California
Year founded: 2017
Total funding: $213 million (5 funding rounds so far)
As America’s first & only innovative AllCar™ App, Jerry is transforming the traditional concept of car ownership using machine learning & AI.
It provides a comprehensive range of services, including insurance comparison, loan refinancing, repair cost tracking, and personalized advice.
With Jerry, you can conveniently explore and compare insurance rates, refinance car loans, receive service reminders, and even earn rewards for safe driving through features like DriveShield™.
The app covers a wide range of car makes and models, insurance companies, and states to provide a comprehensive solution for car owners like you.
15. MindsDB
Source: MindsDB
Location: San Jose, California
Year founded: 2017
Total funding: $50 million (6 funding rounds so far)
MindsDB is an AI platform that simplifies the integration of machine learning into applications by connecting databases with popular AI frameworks.
It facilitates the process of applying machine learning to end-user applications by abstracting language models, time series, regression, and classification models as virtual tables called AI-Tables.
These AI-Tables can be interacted with using familiar SQL statements, making it accessible for development teams to leverage their existing skills for building and maintaining AI/ML applications.
It supports multiple use cases, including classification & regression, forecasting, recommendation engines, and real-time research & development.
16. Synthesia
Source: Synthesia
Location: London, United Kingdom
Year founded: 2017
Total funding: $157 million (4 funding rounds so far)
Another promising AI startup, Synthesia is an AI video generation platform that revolutionizes the process of generating professional videos.
It allows you to transform text into engaging videos in just minutes & eliminates the need for microphones, cameras, actors, or studios.
By providing 140+ AI avatars, 120+ languages for AI voiceovers, and 60+ video templates, Synthesia gives you access to a diverse range of video creation options for various use cases.
Plus, you can create scripts, customize videos, collaborate with teams, and share or export your videos without a hitch.
17. Abnormal Security
Source: Abnormal Security
Location: San Francisco, California
Year founded: 2018
Total funding: $285 million (5 funding rounds so far)
Abnormal Security offers a modern approach to safeguarding digital communication (particularly email and collaboration applications) from various cyber threats.
Unlike traditional security tools, Abnormal Security adopts a cloud-native, API-based architecture that can be quickly installed without extensive setup or operational burden.
The system uses AI-based behavioural anomaly detection to identify & prevent both known & emerging cyber threats.
Abnormal Security doesn’t limit its protection to just email but extends its coverage to email-like channels such as Slack, Microsoft Teams, and Zoom.
18. Labelbox
Source: Labelbox
Location: San Francisco, California
Year founded: 2018
Total funding: $189 million (5 funding rounds so far)
Labelbox provides a unified AI platform for creating high-quality data, training and fine-tuning Large Language Models (LLMs) and evaluating them through human-centric processes.
It supports the development of intelligent applications by offering tools and services for data creation, model training, and evaluation. It also allows you to visualize various types of data from different sources in one place.
19. Standard AI
Source: Standard AI
Location: San Francisco, California
Year founded: 2017
Total funding: $231 million (4 funding rounds so far)
Standard AI is an innovative artificial intelligence platform built to help retailers streamline various aspects of their operations.
It provides Zone Monitoring, a groundbreaking AI application for loss prevention and managing out-of-stock situations in critical sections of a store.
Through AI-powered cameras and deep algorithms, Standard AI offers checkout-free shopping, fast and accurate receipts, real-time reporting on shopper behaviour and inventory insights.
It even promises a seamless and efficient shopping experience for shoppers with features like checkout-free shopping, quick and precise receipts, and an overall boost in traffic due to improved services.
20. Ada
Source: Ada
Location: Toronto, Canada
Year founded: 2016
Total funding: $200 million (6 funding rounds so far)
Ada is an advanced customer service automation platform that offers a range of powerful capabilities.
It provides a robust reasoning engine, enabling the resolution of a wide array of inquiries using industry-leading AI.
Ada’s no-code automation builder allows you to create & launch automation quickly. And, with its continuous improvement features, you can effortlessly optimize your performance through AI-driven insights.
Related: The AI Guide for Entrepreneurs and Freelancers in 2023
21. Character.ai
Source: Character.ai
Location: Menlo Park, California
Year founded: 2022
Total funding: $193 million (2 funding rounds so far)
This AI platform allows you to engage in conversations with your favourite characters, whether they are fictional, historical, or entirely new.
Using a neural language model, Character.ai reads extensive amounts of text to allow characters to respond to user prompts.
You can also search for specific characters, chat with them in group chats, and even rate their responses to refine accuracy.
22. People.ai
Source: People.ai
Location: San Francisco, California
Year founded: 2016
Total funding: $198 million (6 funding rounds so far)
People.ai offers an AI-driven revenue intelligence solution designed to help your business enhance its sales and revenue outcomes.
Through the power of AI, People.ai aims to improve pipeline execution by providing better data and insights.
The platform automates manual tasks, evaluates account and deal health, and offers prescriptive coaching recommendations. It also uses patented AI technology to deliver insights that unlock, unify, and enrich all your revenue activities.
23. D-ID
Source: D-ID
Location: Tel Aviv, Israel
Year founded: 2017
Total funding: $48 million (5 funding rounds so far)
D-ID is a technology company that specializes in creating AI-generated videos and interactive talking AI avatars.
It offers an API (Application Programming Interface) and a Creative Reality™ studio that allows you to transform photos into AI video presenters at scale.
With the platform, you can generate photorealistic AI videos by combining premium presenters or images with text to create personalized, cost-effective, and engaging videos.
One of its applications, chat.D-ID, is a web app that uses real-time face animation and advanced text-to-speech to create a conversational AI experience.
Related: 7 Best AI Avatar Generators for your Business (2023)
24. Nfinite
Source: Nfinite
Location: Bordeaux, France
Year founded: 2017
Total funding: $130 million (2 funding rounds so far)
Nfinite empowers top brands and retailers to create compelling and customizable imagery at scale to revolutionize the way product visuals are produced.
The platform model allows you to generate infinite product images with a simple click, so you don’t spend time & money on photoshoots.
It caters to the needs of creative teams, merchandisers, and marketers in retail and e-commerce by helping them produce stunning visuals for every product, season, and channel without expanding budgets or adding headcount.
25. Adept AI
Source: Adept AI
Location: San Francisco, California
Year founded: 2022
Total funding: $415 million (2 funding rounds so far)
Adept AI is currently developing a machine learning model, ACT-1, to create an AI teammate that can interact with various software and applications on your computer.
The vision is to provide you with an AI assistant that’s capable of understanding plain language commands and translating them into actions within the software you use daily.
If you’re interested, you can join their waitlist to be among the first to try out its innovative AI solutions.
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To wrap things up, it’s clear that the AI landscape is full of potential & growing at an unprecedented pace.
With their unique contributions to the AI industry, these 25 AI startups are ushering in an era where artificial intelligence is integral to progress.
If you enjoyed this blog post and are eager to get the latest developments in the startup world, we recommend you subscribe to the Building Startup Newsletter!
This newsletter, started by Ajay Yadav, — a passionate entrepreneur who founded Roomi & co-founded Simplified — aims to help rising startups build a business that can stand the test of time.
As an investor in many successful ventures like Coffee Meets Bagel, Doorvest, and Squire, Ajay is poised to provide you with valuable insights, tools, and resources that will guide you through your entrepreneurial journey.
