40 Growing AI Companies & Startups In 2022

by Josh Howarth - May 12, 2022

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Artificial intelligence has the potential to transform industries ranging from medicine to sales to software development. And this potential is finally being realized.

The AI industry is poised to grow to an estimated $126 billion by 2025. Today, AI has become essential for an increasing number of businesses as remote work and reliance on technology are the new daily norm.

Read below for our picks for some of the most promising AI startups with a broad range of use cases across different industries.

1. AEye

5-year search growth: 99X+

Search growth status: Exploding

Year founded: 2013

Location: Dublin, California

Funding: $314.1M (Post-IPO Equity)

What they do: AEye is another AI platform with the goal of safe, universal vehicle autonomy for all. Their trademarked iDAR (intelligent Detection and Ranging) is a mixture of AI software, LiDar, and a camera that provides robotic vision for safety, object detection, and real time feedback from vehicle systems.

With a range of investors from Kleiner Perkins to LG Electronics, AEye is certainly one of the most promising autonomous artificial intelligence startups around.

2. Dataiku

5-year search growth: 226%

Search growth status: Regular

Year founded: 2013

Location: New York City, New York

Funding: $646.8M (Series E)

What they do: Dataiku is a large-scale, enterprise AI platform that allows data analysts or tech-savvy developers to develop their own AI solutions and applications that uniquely suit their business.

Instead of a one size fits all approach, Dataiku provides a workbench for customized AI solutions. With training, toolboxes, and sandboxes built into their platform, Dataiku is one of Gartner’s leaders in the data science and machine learning space.

3. HighSpot

5-year search growth: 135%

Search growth status: Regular

Year founded: 2012

Location: Seattle, WA

Funding: $644.9M (Series F)

What they do: HighSpot is an AI-based sales enablement platform, leveraging artificial intelligence to guide sales professionals through the day with actionable information. From organizing marketing content to coaching reps, all the way to actively making data-driven suggestions for reps, HighSpot aims to be the one-stop-shop sales enablement platform.

4. CloudMinds

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2015

Location: Santa Clara, CA

Funding: $468.6M (Series B)

What they do: CloudMinds manufactures open end-to-end software for robots that have a variety of uses, from being “receptionists”, security bots, and even customer service. Using their proprietary HARIX artificial intelligence software that connects with 4G/5G cellular service, CloudMinds robots are able to adapt in real time to unique situations.

5. H2O.ai

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2012

Location: Mountain View, California

Funding: $251.1M (Series E)

What they do: H2O is an open-source AI platform that allows developers to import algorithms for different use cases. Within their comprehensive suite, users can build predictive models or access rich analytics for reports or continuous improvement within the organization.

H2O’s customers range from insurance to retail to manufacturing, and use cases include fraud prediction, reducing customer churn, and thousands of others.

6. DataRobot

5-year search growth: -65%

Search growth status: Peaked

Year founded: 2012

Location: Boston, Massachusetts

Funding: $1B (Series G)

What they do: DataRobot is one of the undisputed leaders in enterprise AI, receiving over $700M in investment rounds and being a trusted partner to large clients like Kroger, Humana, Lenovo, and LendingTree.

Using DataRobot, customers can harness the power of AI to cut costs, access robust analytics with actionable insights, and deploy leading prediction models that executives can use to make decisions about the future.

7. Argo

5-year search growth: 26%

Search growth status: Regular

Year founded: 2016

Location: Pittsburgh, PA

Funding: $3.6B (Corporate Round)

What they do: Quite simply, Argo is aiming to be the first fully integrated self-driving system that features artificial intelligence baked into their maps, hardware, software, and combines with an automaker’s expertise in building vehicles.

The secret sauce is in Argo’s artificially intelligent LIDAR system, which builds real-time models of roads and obstacles for self-driving cars to navigate.

8. Accubits

5-year search growth: -100%

Search growth status: Regular

Year founded: 2012

Location: Kochi, India

Funding: Undisclosed

What they do: Accubits is slightly different from the rest of the artificial intelligence startups on the list. Mainly due to the fact that they’re an agency focused on customized artificial intelligence solutions rather than a single use case. Working with governments, Fortune 500, and a wide variety of companies, Accubits researches and develops AI solutions that are tailored to different industries.

Accubits also come in as consultants and help implement artificial intelligence into existing ecosystems, or make active recommendations based on their extensive knowledge in the space.

9. Osaro

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2015

Location: San Francisco, California

Funding: $96.3M (Series C)

What they do: Osaro is solving the problem of AI automation at an industrial scale, building intelligent robots for a smarter supply chain. Managing objects (seeing, picking, placing) in a warehouse can be a complex task. Osaro’s leading AI technology allows robots to nimbly move and operate while continuously improving the way tasks are completed.

Osaro has been deployed in grocery stores, cosmetics, distribution centers and more.

10. GoodVision

5-year search growth: 2600%

Search growth status: Exploding

Year founded: 2017

Location: London, United Kingdom

Funding: $1.2M (Seed)

What they do: GoodVision plays in the traffic analytics space, using AI to break down data from traffic cameras and drones. This gives logistics officials the ability to understand traffic patterns in real time with comprehensive analytics and suggestions.

Their Video Insights platform is their bread and butter, with claims that it saves traffic professionals 95% of their time by automating tedious processes and freeing up time for focusing on traffic solutions.

11. Swim.ai

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2015

Location: Campbell, California

Funding: $25.4M (Series B)

What they do: Swim’s premier product is Swim Continuum, a production-ready platform for building real-time end-to-end smart applications. By giving customers continual situational awareness and rich data analytics at scale, use cases like monitoring a network and seeing where outages are happening can be done rapidly instead of a period of hours.

12. CureMetrix

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2014

Location: La Jolla, California

Funding: Undisclosed (Series A)

What they do: CureMetrix has taken their patent-pending artificial intelligence software and applied it to the critical field of medical imaging (specifically mammography.) By putting AI-powered software in the hands of radiologists, CureMetrix is aiming to improve medical imaging care, reduce healthcare costs, and improve patient outcomes.

13. Pony.ai

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2016

Location: Fremont, California

Funding: $1.1B (Series D)

What they do: Pony is perhaps one of the most well-known AI self-driving companies, attracting over $1 billion in investment since they were founded in 2016. What makes Pony unique is its dual focus on China and the United States, tackling a wide range of regulations, road conditions, and safety challenges that are very different from each other.

Pony was recently given a $400 million investment from Toyota to accelerate their go-to-market strategy for their AI tech.

14. Frame AI

5-year search growth: 25%

Search growth status: Regular

Year founded: 2016

Location: New York City, New York

Funding: $10.3M (Series A)

What they do: Frame is building one of the leading customer success platforms by providing leading artificial intelligence software around a robust solutions framework aimed at solving numerous customer challenges.

By building “The Voice of the Customer engine”, teams can use Frame to detect themes among customers, identify patterns for retention or acquisition of customers, and turn qualitative feedback into quantitative data for leadership.

15. Eightfold

5-year search growth: -60%

Search growth status: Peaked

Year founded: 2016

Location: Santa Clara, California

Funding: $396.8M (Series E)

What they do: Eightfold is using AI to power a suite of HR-related products aimed at retaining, training, and finding the best talent in the marketplace.

Used by corporate clientele like Postmates, Capital One, and Hulu, Eightfold has carved out a niche by being one of the few HR software providers to harness artificial intelligence.

16. Netra

5-year search growth: 108%

Search growth status: Exploding

Year founded: 2013

Location: Boston, MA

Funding: $3.9M (Seed)

What they do: Netra is a comprehensive video analysis platform using the power of artificial intelligence to make on-the-fly recommendations or collect video data. Offering tools like safety analysis, metadata analysis, and object detection, users can quickly and easily break down video content or analyze live streams in real-time.

By sending a video URL to Netra’s API, users get access to a full suite of tools that are helpful for determining advertising, flagging harmful content, and assessing the effectiveness of logos and brands during live streamed videos.

17. BigML

5-year search growth: 200%

Search growth status: Peaked

Year founded: 2011

Location: Corvallis, Oregon

Funding: $4.4M (Series Unknown)

What they do: BigML has pioneered the MLAAS (Machine Learning as a Service) model, allowing individual users to utilize their advanced artificial intelligence and machine learning platform.

Using BigML, smart contracts can be created that are powered by state-of-the-art models and predictive analytics. BigML’s goal is to bring Machine Learning to the world and democratize the ability to program and harness ML.

18. Spacemaker AI

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2016

Location: Oslo, Norway

Funding: $25M (Series A)

What they do: Spacemaker targets the construction and real estate space, by deploying their AI technology to maximize the value of real estate sites. Their software provides a fully automated and connected site-planning workflow in a field that is notoriously behind when it comes to technology.

19. Observe.AI

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2017

Location: San Francisco, CA

Funding: $214M (Series C)

What they do: Observe is applying the power of artificial intelligence to call centers. Advanced data analytics and real time feedback provide agents with powerful tools for delivering a better customer service experience. Coaches can also leave accurate feedback within call transcripts.

Observe’s platform is tied together with a tightly packaged user experience, making it easy to use for managers or contact center agents.

20. Capacity

5-year search growth: 27%

Search growth status: Exploding

Year founded: 2017

Location: St. Louis, Missouri

Funding: $61.5M (Series C)

What they do: Capacity has built the first fully AI-powered Helpdesk, which continuously learns from interactions between employees and customers while automating processes and decisions in real time.

The result is improved customer satisfaction while freeing employees from mundane tasks so they can focus on higher-level strategic thinking and decision making.

21. Pymetrics

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5-year search growth: 166%

Search growth status: Regular

Year founded: 2011

Location: New York, NY

Funding: $56.6M (Series B)

What they do: Pymetrics develops behavioral science assessments for companies to hire, retain and professionally develop employees. By integrating soft skills as a core value, the startup is able to find the best job to fit each individual, rather than a one-size-fits-all model. In fact, Pymetrics-recommended hires outperformed non-recommended applications by a reported 24%.

22. Viz.ai

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5-year search growth: 385%

Search growth status: Regular

Year founded: 2016

Location: San Francisco, CA

Funding: Unknown

What they do: Viz.ai is a platform for intelligent healthcare coordination. By alerting healthcare teams as soon as information about the patient is ready, such as an X-ray, teams are able to work more efficiently and deliver better patient outcomes. With Viz implementation, providers saved 22.5 minutes per patient during the transfer of care, and patients spent on average 2.5 fewer days in the hospital.

23. SupportLogic

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5-year search growth: 200%

Search growth status: Regular

Year founded: 2016

Location: Santa Clara, CA

Funding: $62M (Series B)

What they do: SupportLogic is a customer service AI platform. With 30 different signal categories and thousands of keywords, the company has helped analyze over 60M customer interactions and provide actionable feedback. SupportLogic has also helped clients reduce their operational expenses by 35% and case review time by 60%.

24. DNSFilter

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5-year search growth: 280%

Search growth status: Exploding

Year founded: 2015

Location: Washington, DC

Funding: $36.4M (Series A)

What they do: DNSFilter is an AI-powered cybersecurity platform. Users are protected from phishing, ransomware and malware attacks using real-time AI analysis. With 58% more threats identified than Cisco and 75% more threats identified by Webtitan, over 15K brands worldwide use DNSFilter.

25. Plainsight

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5-year search growth: 200%

Search growth status: Regular

Year founded: 2007

Location: San Francisco, CA

Funding: Unknown (Series B)

What they do: Plainsight uses vision AI to streamline various processes that enterprises use, including drug research and development and supply chain product counting. Using centralized device management, all cameras, sensors and devices can be controlled in one place. The vision data can then be used in machine learning models to more accurately predict and label objects.

26. Interactions

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5-year search growth: 17%

Search growth status: Regular

Year founded: 2013

Location: Franklin, MA

Funding: $162.8M (Venture — Series Unknown)

What they do: Interactions is a virtual assistant platform that helps enterprises improve customer experience and cut costs. The platform is used across all customer care channels, allowing for a consistent user experience. Used by many Fortune 500 companies, the startup handles more than 2B annual conversation transactions.

27. Urbint

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5-year search growth: 100%

Search growth status: Regular

Year founded: 2013

Location: New York, NY

Funding: $109M (Series C)

What they do: Urbint is an AI platform that predicts and stops dangerous incidents across several infrastructure industries, including gas utilities, electric utilities, oil and gas and telecommunications and cables. Since 2020, there have been 106,128 projects identified as very high risk.

28. Circulo Health

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5-year search growth: 400%

Search growth status: Regular

Year founded: 2020

Location: Columbus, Ohio

Funding: $50M (Series A)

What they do: Circulo Health is an insurance company focused on serving the 75M Medicaid members. The startup offers independent living homes as well as primary health care. It has built its own insurtech system on top of another startup’s (Olive) platform, which will allow it to automate tedious administrative tasks.

29. Olive

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5-year search growth: 0%

Search growth status: Peaked

Year founded: 2012

Location: Columbus, Ohio

Funding $856.3M (Series H)

What they do: Olive is a healthcare-focused AI company. Specifically focused on automating high-volume, repetitive tasks, the platform allows hospital workers to spend more time treating patients, rather than handling paperwork. With 99.8% reliability, Olive has helped hospitals work 4x faster.

30. LogicMonitor

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5-year search growth: 122%

Search growth status: Exploding

Year founded: 2008

Location: Santa Barbara, CA

Funding: $142.9M (Private Equity)

What they do: LogicMonitor is a SaaS collaboration platform for IT enterprises. With over 2,000 preconfigured integrations, clients can easily integrate with their own devices, technologies and services. The startup offers 24/7 live support with technical engineers and has been rated #1 in Customer Satisfaction on G2.

31. RelationalAI

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5-year search growth: 99X+

Search growth status: Exploding

Year founded: 2017

Location: Berkeley, CA

Funding: $75M (Series B)

What they do: RelationalAI helps clients build intelligent data apps. Serving four industries, including telecommunications, life sciences, retail and financial services, the startup creates knowledge graph systems to illustrate the relationship between different products, categories, employees and more. By automating complex programming tasks, using the platform results in a 10-100x reduction in code.

32. Moveworks

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5-year search growth: 2050%

Search growth status: Exploding

Year founded: 2016

Location: Mountain View, CA

Funding: $305M (Series C)

What they do: Moveworks is an AI platform that helps employers create a better workplace. By using natural language understanding (NLU), conversational AI and probabilistic machine learning, the platform is able to support employees’ issues end-to-end. Examples of AI in action include troubleshooting common questions, such as getting access to software and routing document approvals to the correct person.

33. Grammarly

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5-year search growth: 142%

Search growth status: Regular

Year founded: 2009

Location: San Francisco, CA

Funding: $400M (Private Equity)

What they do: Grammarly is an AI-powered spelling and grammar editing software. Available as a desktop app and browser extension, Grammarly is used by over 30K professional and enterprise teams, and about 30M individual people daily.

34. AlphaSense

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5-year search growth: 108%

Search growth status: Regular

Year founded: 2011

Location: New York, NY

Funding: $295.1M (Series C)

What they do: AlphaSense conducts market intelligence research using AI. The company has over 2,000 clients, including most of the S&P 500, and 70% of the top asset management firms. Clients can find pertinent market information by searching through millions of files across 10K+ business data sources.

35. Ascent

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5-year search growth: 125%

Search growth status: Regular

Year founded: 2015

Location: Chicago, IL

Funding: $29.4M (Series B)

What they do: Ascent provides regulatory compliance software to clients in the financial services industry. By using proprietary models along with expert advice, the system is able to sift through text to find applicable obligations for the client. The startup claims a 99.5% accuracy rate in its regulatory obligation data sets.

36. Tempus

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5-year search growth: 307%

Search growth status: Regular

Year founded: 2015

Location: Chicago, IL

Funding: $1.1B (Debt Financing)

What they do: Tempus is a technology company that specializes in healthcare. With a size of 50 petabytes, the startup offers one of the world’s largest libraries of molecular and clinical data to help clinicians make data-informed decisions. In fact, roughly 40% of US oncologists partner with Tempus.

37. CaseText

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5-year search growth: 77%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $64.3M (Venture — Series Unknown)

What they do: CaseText is a legal research company that uses AI to help law firms find cases faster. Using its search technology, clients can analyze documents using keywords or matching concepts. Clients are also able to use CaseText’s machine learning technology to compose better briefs. To date, the startup has helped serve 9,000 law firms.

38. Insilico Medicine

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5-year search growth: 76%

Search growth status: Regular

Year founded: 2016

Location: Hong Kong

Funding: $306.3M (Venture — Series Unknown)

What they do: Insilico Medicine is a pharmaceutical research and development company. With over 150 collaborators worldwide, the startup aims to provide AI solutions to automate the process of discovering novel molecules that can be used in therapies to treat cancer and age-related diseases.

39. OpenAI

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5-year search growth: 177%

Search growth status: Regular

Year founded: 2015

Location: San Francisco, CA

Funding: $1B (Corporate Round)

What they do: OpenAI is an AI research company with a mission of creating artificial general intelligence (AI) to benefit humanity. To date, the team’s research areas have ranged from artificial neural networks to natural language processing.

40. Abnormal Security

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5-year search growth: 1283%

Search growth status: Exploding

Year founded: 2018

Location: San Francisco, CA

Funding: $74M (Series B)

What they do: Abnormal Security is a B2B security company that protects clients from email attacks. Using its proprietary Abnormal Behavior Technology (ABX), the data science model maps out the content of emails sent within and outside of the company and the relationship between senders to prevent account takeovers and financial damage. This platform is 10x more effective than the traditional secure email gateway and takes 1 minute to fully deploy using API.

Conclusion

Artificial Intelligence is without a doubt one of the most exciting frontiers of technology, and these start-ups are all applying AI in different and fascinating ways.

From maximizing the value of a real estate and building design to improving the way cancer scans are done, AI is certainly well on its way to fulfilling its long prophesized promise.

Written By
Josh Howarth
Co-founder of Exploding Topics.
548 Market St. Suite 95149
San Francisco, California
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