grid-line

60 Growing AI Companies & Startups In 2024

by Josh Howarth
December 18, 2023

You may also like: 

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. DeepL

5-year search growth: 773%

Search growth status: Exploding

Year founded: 2009

Location: Cologne, Germany

Funding: $100M (Series Unknown)

What they do: DeepL is a neural machine translation platform that uses advanced algorithms to translate text from one language to another with exceptional accuracy and fluency. With support for over 30 languages, DeepL's technology combines neural network models, deep learning techniques, and natural language processing (NLP) to provide high-quality translations for a wide range of content types, including websites, documents, and emails.

With its intuitive interface and powerful API, DeepL enables businesses and individuals to communicate and collaborate across different languages and cultures with ease.

2. Frame AI

5-year search growth: 1,329%

Search growth status: Exploding

Year founded: 2016

Location: New York City, New York

Funding: $17.9M (Series B)

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.

3. Uizard

5-year search growth: 5,900%

Search growth status: Regular 

Year founded: 2018

Location: Copenhagen, Denmark

Funding: $18.6M (Series A)

What they do: Uizard is an AI-powered platform that helps users create professional-looking designs for websites and mobile apps with minimal coding or design experience. Uizard's proprietary technology uses machine learning algorithms to translate sketches and wireframes into functional code and designs, reducing the time and effort required to create a prototype.

Users can also create responsive and customizable designs that can be shared and tested with stakeholders.

4. Moveworks

5-year search growth: 525%

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.

5. Tome

5-year search growth: 4,600%

Search growth status: Exploding

Year founded: 2020

Location: San Francisco, California

Funding: $75.3M (Series B)

What they do: Tome is a cloud-based platform that enables users to create and share interactive, multimedia documents such as ebooks, presentations, and reports. Users can easily add text, images, videos, audio, and other interactive elements to their documents.

Tome also provides real-time collaboration and commenting features, making it ideal for team projects and remote work. Additionally, Tome offers a range of customization options, including branding, design templates, and analytics, to help users create engaging and impactful content.

6. Synthesia

 

5-year search growth: 4,200%

Search growth status: Peaked

Year founded: 2017

Location: London, England

Funding: $156.6M (Series C)

What they do: Synthesia is an AI-powered platform that enables businesses to create and personalize video content at scale. The platform can generate realistic and engaging videos with human-like avatars, making it ideal for a variety of applications, from e-learning and marketing to news reporting and virtual events.

Synthesia's customization options including language support, voiceover selection, and scene creation, enable users to create and deploy video content quickly and efficiently.

7. Jasper

5-year search growth: 3,100%

Search growth status: Peaked

Year founded: 2021

Location: Montreal, Quebec

Funding: $131M (Series A)

What they do: Jasper is an AI-powered platform that has slowly evolved from an AI writing tool to a "copilot for enterprise marketing teams". 

Specifically, Jasper is now positioned as a collaboration platform that marketer teams can use to develop campaigns, create content and collaborate on projects. 

8. Accubits

5-year search growth: 85%

Search growth status: Peaked

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 AI solutions rather than software designed for 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 businesses implement artificial intelligence into existing ecosystems, or make active recommendations based on their extensive knowledge in the space.

9. Soundful

5-year search growth: 1,433%

Search growth status: Regular

Year founded: 2019

Location: San Diego, California

Funding: $4.5M (Seed)

What they do: Soundful is an AI-powered platform that enables businesses to create and customize high-quality soundtracks for their digital content, such as videos, podcasts, and advertisements. Soundful's technology uses deep learning algorithms to analyze the emotions, tone, and context of the content and generate soundtracks that complement and enhance the viewer's experience.

The platform allows users to easily adjust the mood, tempo, and style of the soundtracks to align with their brand identity and message.

10. GoodVision

5-year search growth: 150%

Search growth status: Regular

Year founded: 2017

Location: London, United Kingdom

Funding: $4M (Series Unknown)

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. Writesonic

5-year search growth: 6,200%

Search growth status: Regular

Year founded: 2021

Location: San Francisco, California

Funding: $2.6M (Seed)

What they do: Writesonic is enables users to generate content (such as blog posts, ad copy, and product descriptions) in a fraction of the time it would take to do so manually. Using natural language processing (NLP) and machine learning (ML) algorithms, Writesonic's technology can analyze a user's prompts and generate human-like text that matches the desired tone, style, and structure.

The platform also allows users to fine-tune and edit the generated text to meet their specific needs, while also providing suggestions for improvements.

12. Atomic AI

5-year search growth: 878%

Search growth status: Exploding

Year founded: 2020

Location: San Francisco, California

Funding: $42M (Series A)

What they do: Atomic AI operates a content intelligence platform that leverages AI to facilitate the efficient development of new molecules and medicines. Through its proprietary platform, the company collects and analyzes engagement data from client analytics platforms, generating predictive reports on topics, publishing times, and distribution channels.

By providing users with new strategies to target RNA structure and treat previously-undruggable diseases, Atomic AI is working to revolutionize the field of medicine in a unique way.

13. MindsDB

5-year search growth: 467%

Search growth status: Regular

Year founded: 2017

Location: Berkeley, California

Funding: $54.4M (Seed)

What they do: MindsDB is an open-source, automated machine learning (AutoML) platform that helps businesses of all sizes to develop and deploy predictive models with ease. MindsDB empowers users to easily train and auto deploy ML models, even without prior coding experience.

Additionally, MindsDB's technology uses advanced algorithms to analyze large datasets and generate predictive models, enabling businesses to make data-driven decisions and achieve better outcomes.

14. Shield AI

5-year search growth: 577%

Search growth status: Exploding

Year founded: 2015

Location: San Diego, CA

Funding: $773.1M (Series F)

What they do: Shield AI is a defense technology company that develops autonomous systems for military applications. Their proprietary technology uses advanced algorithms and sensors to enable unmanned systems to navigate and operate in complex environments, providing real-time situational awareness and decision-making capabilities.

Shield AI's products include autonomous drones, which are used for reconnaissance, surveillance, and other mission-critical tasks, and an AI-powered command and control software platform, which enables operators to control and manage multiple unmanned systems simultaneously.

15. Eightfold

5-year search growth: 300%

Search growth status: Exploding

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: 64%

Search growth status: Regular

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. Deepgram

5-year search growth: 9,400%

Search growth status: Exploding

Year founded: 2015

Location: San Francisco, CA

Funding: $85.9M (Series B)

What they do: Deepgram is an AI-powered speech recognition platform that helps businesses transcribe and analyze large volumes of audio and video content with high accuracy and speed. Using advanced neural network models, Deepgram's technology can transcribe and understand speech in multiple languages and dialects, even in noisy and low-quality audio environments.

Deepgram also enables businesses to extract valuable insights and automate their workflows, from call center analytics and compliance monitoring to media transcription and content creation.

18. Arthur AI

5-year search growth: 727%

Search growth status: Exploding

Year founded: 2017

Location: New York, New York

Funding: $60.3M (Series B)

What they do: Arthur AI is an AI and machine learning model monitoring and bias detection platform. This startup provides tools to track the performance of AI models, identify issues like model drift or bias, help find anomalies, and make high-quality AI application maintenance more efficient.

Arthur has built a suite of products to protect LLMs, including Arthur Shield. This is the first-ever firewall for large language models. It validates user prompts and model responses and provides real-time protection against any harmful or elicit prompts and outputs.

19. OpenAI

5-year search growth: 5,400%

Search growth status: Regular

Year founded: 2015

Location: San Francisco, CA

Funding: $11.3B (Secondary Market)

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. However, they're best known for their ChatGPT application. 

20. Capacity

5-year search growth: 1,975%

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. Read AI

5-year search growth: 1,150%

Search growth status: Exploding

Year founded: 2020

Location: Seattle, Washington

Funding: $10M (Seed Round)

What they do: Read AI is a digital tool that measures the engagement of online meeting attendees with AI, NLP, and computer vision technology. It functions as a real-time dashboard with detailed insights like attendee engagement scores, talk-time of each participant, and live sentiment analysis.

The suite of tools continues to grow and now integrates an AI-powered smart scheduler, meeting reports, and an AI project manager.

22. Dataiku

5-year search growth: 178%

Search growth status: Exploding

Year founded: 2013

Location: Paris, France

Funding: $846.8M (Series F)

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.

23. SupportLogic

5-year search growth: 500%

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

5-year search growth: 400%

Search growth status: Exploding

Year founded: 2015

Location: Washington, DC

Funding: $62.1M (Series Unknown)

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

25. Spot AI

5-year search growth: 733%

Search growth status: Exploding

Year founded: 2018

Location: Los Altos, CA

Funding: $62M (Series B)

What they doSpot AI is an AI-powered platform that helps businesses improve their customer engagement and sales through advanced analytics and insights. Their in-house developed technology analyzes consumer behavior and preferences using machine learning algorithms, delivering individualized recommendations and insights to boost the effectiveness of marketing campaigns.

Spot AI's platform includes a range of features, including audience segmentation, customer tracking, and real-time analytics, making it a powerful tool for businesses looking to optimize their marketing and sales strategies.

26. Interactions

5-year search growth: 967%

Search growth status: Exploding

Year founded: 2013

Location: Franklin, MA

Funding: $162.8M (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. Character.ai

5-year search growth: 5,800%

Search growth status: Regular

Year founded: 2021

Location: Menlo Park, CA

Funding: $150M (Series A)

What they do: Character.ai is an AI-powered platform that enables users to create and animate 3D characters with ease. Character.ai allows users to customize their characters' appearance, movements, and behavior, and generate realistic animations in real-time. Their technology can be used for a wide range of applications, from video game development and film production to virtual reality experiences and e-commerce.

28. Circulo Health

5-year search growth: 700%

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. AssemblyAI 

5-year search growth: 1,100%

Search growth status: Regular

Year founded: 2017

Location: San Francisco, CA

Funding $158.1M (Series C)

What they do: AssemblyAI is an AI-powered platform that offers cutting-edge speech-to-text and natural language processing (NLP) solutions for businesses of all sizes. AssemblyAI can accurately transcribe and analyze audio and video content in real-time, making it ideal for a variety of applications, from call center analytics and media transcription to closed captioning and voice-enabled applications.

AssemblyAI also provides a range of customization options, including language support, speaker identification, and data security, to meet the unique needs of different industries and use cases.

30. LogicMonitor

5-year search growth: 55%

Search growth status: Regular

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. D-ID

5-year search growth: 4,800%

Search growth status: Regular

Year founded: 2017

Location: Tel Aviv, Israel

Funding: $47.9M (Series B)

What they do: D-ID is an AI-powered platform that offers advanced image and video manipulation technologies for privacy protection. D-ID enables users to automatically and seamlessly blur or modify faces and other identifying features in images and videos to protect individual privacy.

D-ID's technology can be used for a variety of applications, including secure data sharing and surveillance footage anonymization to media production and social media sharing, providing a powerful solution for businesses and individuals looking to safeguard their sensitive data and protect personal privacy.

32. HighSpot

5-year search growth: 118%

Search growth status: Regular

Year founded: 2012

Location: Seattle, WA

Funding: $644.9M (Secondary Market)

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.

33. Grammarly

undefined

5-year search growth: 124%

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

5-year search growth: 355%

Search growth status: Exploding

Year founded: 2011

Location: New York, NY

Funding: $770.1M (Series E)

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.

In October 2023, AlphaSense added generative AI to its suite of market intelligence tools. These new features let users quickly identify macro and micro insights, track industry trends, and scan company transcripts to identify sentiment instantly.

35. Ascent

5-year search growth: 300%

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

5-year search growth: 138%

Search growth status: Peaked

Year founded: 2015

Location: Chicago, IL

Funding: $1.3B (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

5-year search growth: 7,300%

Search growth status: Regular

Year founded: 2013

Location: San Francisco, CA

Funding: $64.3M (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. Labelbox

5-year search growth: 250%

Search growth status: Exploding

Year founded: 2018

Location: San Francisco, CA

Funding: $188.9M (Series D)

What they do: Labelbox is a collaborative platform that helps businesses develop and manage high-quality training data for machine learning models. Labelbox enables teams to efficiently annotate and label large datasets, including images, videos, text, and audio. Labelbox's technology uses algorithms to enhance the accuracy and efficiency of the annotation process, providing real-time feedback and quality control to ensure high-quality training data for machine learning models.

39. One

5-year search growth: 791%

Search growth status: Exploding

Year founded: 2021

Location: Tel Aviv, Israel

Funding: $8M (Seed)

What they do: One AI is a platform that offers AI-powered chatbots and virtual assistants to businesses of all sizes. Their proprietary AI technology uses natural language processing (NLP) to understand and respond to customer inquiries, provide support and automate repetitive tasks, freeing up human resources for more complex and strategic work.

One AI's chatbots and virtual assistants can be deployed across a variety of channels, including websites, messaging apps, and social media, to enhance the customer experience and improve operational efficiency. One AI also provides analytics and reporting tools to help businesses track and optimize their performance.

40. Abnormal Security

5-year search growth: 1,011%

Search growth status: Exploding

Year founded: 2018

Location: San Francisco, CA

Funding: $284M (Series C)

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.

41. Snipfeed

5-year search growth: 1,011%

Search growth status: Exploding

Year founded: 2018

Location: Los Angeles, CA

Funding: 10.5M (Venture Round)

What they do: Snipfeed is a link-in-bio monetization platform for content creators. The newest Snipfeed feature is the AI Desk, a GPT-powered suite of digital tools, chatbots, and assistants for content creation.

The Snipfeed assistant bots and generators allow users to create content, develop a social selling strategy, and generate product ideas. This AI-based monetization tool and content platform was one of the fastest-growing digital brands entering 2023.

42. Deepnote

5-year search growth: 2,900%

Search growth status: Regular

Year founded: 2018

Location: San Francisco, CA

Funding: 23.8M (Series A)

What they do: Deepnote is a cloud-based digital notebook and collaboration platform for data science teams. Inside the Deepnote notebooks, users can connect their data, make real-time collaborative edits, and share their notes with others.

The startup has also introduced Deepnote AI, a feature that integrates generative AI with the platform. This feature gives users an AI assistant to automatically generate new notebooks, code suggestions, and code explanations. Deepnote has over 100,000 customers, including top companies like Webflow, Gusto, and Coca-Cola.

43. Luxonis

5-year search growth: 1,700%

Search growth status: Exploding

Year founded: 2019

Location: Littleton, CO

Funding: 6.28M (Unattributed Round)

What they do: Luxonis is a technology company that builds spatial AI and advanced computer vision hardware and software. This startup focuses on three product lines: OAK Cameras, OAK Modules, and RobotHub. One of the startup's top-selling products is the Oak-D Robotics Camera.

The RobotHub is where users integrate their cameras, remotely monitor their status, install or remove new applications, live stream, and access the integrated IDE. Luxonis has over 25,000 customers and 1 million global downloads.

44. Tabnine

5-year search growth: 7,900%

Search growth status: Exploding

Year founded: 2013

Location: Tel Aviv, Israel

Funding: $55.05M (Series B)

What they do: Tabnine is a generative AI-powered code completion and software developer assistant. This AI tool uses a Large Language Model (LLM) to predict the next line of code based on the previous syntax.

Tabnine estimates it has created more than 1% of the world’s code since its 2018 launch. In November 2023, Tabnine raised $25 million in a Series B funding round to expand its generative coding capabilities.

45. FeedHive

5-year search growth: 900%

Search growth status: Regular

Year founded: 2021

Location: Zurich, Switzerland

Funding: Bootstrapped

What they do: FeedHive is an AI-powered social media marketing and management startup. The AI technology FeedHive uses can suggest content ideas and improvements and predict how a piece of content will perform. Users can also access advanced analytics and over 3,000 AI-generated social media post templates.

Just nine months after launching, FeedHive exceeded $65,000 in revenue and had more than 3,000 and 600 paid plan users.

46. Roboflow

5-year search growth: 99x+

Search growth status: Exploding

Year founded: 2018

Location: Des Moines, IA

Funding: $22.2M (Series A)

What they do: Roboflow is a startup specializing in making computer vision accessible and usable for developers of all skill levels. Their platform simplifies the process of building and deploying computer vision models. They provide tools for annotating, training, and improving datasets and integrating them into computer vision applications. 

Roboflow aims to "democratize access to computer vision." Today, Roboflow has over 250,000 users, including many Fortune 100 companies.

47. PhotoPrism

5-year search growth: 9,800%

Search growth status: Exploding

Year founded: 2022

Location: Berlin, Germany

Funding: Bootstrapped

What they do: PhotoPrism is a privacy-friendly, AI-powered photo management app for the decentralized web. This application leverages AI for features like facial recognition, object detection, and scene recognition. The tool's AI algorithm will automatically tag and find photos based on their content, location, and time.

PhotoPrism is 100% self-funded and currently has more than 35,000 active installations.

48. Edge Impulse

5-year search growth: 700%

Search growth status: Regular

Year founded: 2019

Location: San Jose, CA

Funding: $54.4M (Series B)

What they do: Edge Impulse is a development platform for machine learning on edge devices. The startup provides low-code and automation capabilities, giving developers the tools to train, deploy, and optimize deep learning models in the TensorFlow ecosystem.

2022 was a record year for Edge Impulse, with 60,000 registered developers, 140,000 ML projects, and 115 million data samples.

49. Docsumo

5-year search growth: 700%

Search growth status: Exploding

Year founded: 2018

Location: Singapore

Funding: $3.5M (Seed Round)

What they do: Docsumo is an AI-based document processing and data extraction platform that automates data entry. It uses Intelligent Document Processing technology to automatically read, analyze, and interpret structured and unstructured data from invoices, receipts, contracts, etc.

Docsumo also integrates with other tools like Quickbooks and Xero to speed up accounting and financial tracking. Docsumo’s technology reads non-standardized documents with a 98% accuracy rate.

50. Perplexity AI

5-year search growth: 99x+

Search growth status: Exploding

Year founded: 2022

Location: San Francisco, CA

Funding: $78.7M (Venture Round)

What they do: Perplexity is an artificial intelligence-based search engine and chatbot. The platform leverages advanced natural language processing (NLP) and machine learning algorithms to generate answers to search queries and follow-up questions.

In October 2023, the startup raised an additional $50 million, valuing the company at $500 million. With only $3 million in annual recurring revenue, Perplexity is valued at 150 times its ARR.

51. HitPaw

5-year search growth: 99x+

Search growth status: Exploding

Year founded: 2019

Location: Hong Kong

Funding: Bootstrapped

What they do: HitPaw is a 3-in-1 AI-powered editing software suite with video, photo, and audio AI editing tools. This tool allows users to convert, download, and edit videos from 1,000 different video and audio formats. Hitpaw is available for IOS and Android devices. It currently supports 3 million users in 160+ different countries

52. Briefly AI

5-year search growth: 1,850%

Search growth status: Regular

Year founded: 2022

Location: Larkspur, CA

Funding: Bootstrapped

What they do: BrieflyAI is an AI-powered writing assistant tool that transcribes meetings and generates comprehensive summaries. This unobtrusive note-taking tool is currently available as a Chrome Extension and integrates with Google Meet only.

Beyond just transcribing meeting notes and summarizing them, users can also generate AI follow-up emails and pre-meeting briefs, build customer profiles, and neatly organize meeting notes. This startup has over 4,000 users and a 4.7 rating on the Chrome Extension store.

53. Elicit AI

5-year search growth: 9,300%

Search growth status: Exploding

Year founded: 2023

Location: Oakland, CA

Funding: $9M (Seed Round)

What they do: Elicit is an AI research tool that automates workflows and acts like an assistant. Users type in a search query or research question, and Elicit provides a list of relevant academic papers covering the topic. Not only does this tool find relevant papers, but the AI can summarize takeaways and extract critical information.

According to the Elicit hiring team, the startup currently has 740,000 total users and 170,000 monthly active users, growing 38% each month.

54. AMP Robotics

5-year search growth: 1,100%

Search growth status: Exploding

Year founded: 2014

Location: Louisville, Colorado

Funding: $175M (Series C)

What they do: AMP Robotics aims to create a circular economy by revolutionizing waste management through advanced robotics and AI technology. The startup uses its robotics system, AMP Cortex, to sort recyclables from waste streams and improve recycling rates.

AMP Robotics’ AI component, AMP Neuron, uses computer vision and machine learning to identify and categorize different waste materials. This system streamlines recycling, improves the recovery rate of recyclables reclaimed as raw materials, and cuts costs. AMP Robotics even secured an investment from Microsoft’s Climate Innovation Fund in its latest Series C funding round.

55. Mem AI

5-year search growth: 163%

Search growth status: Exploding

Year founded: 2021

Location: San Francisco, CA

Funding: $29.1M (Series A)

What they do: Mem is an AI-based note-taking app. Their key feature, Mem Chat, integrates GPT-4 AI assistance to make note-taking easier and more efficient. Users can interact with the AI conversationally, making organizing thoughts, capturing ideas, and retrieving information easier. 

OpenAI led the latest funding round for Mem in 2022, valuing the company at $110 million post-money.

56. Observe AI

5-year search growth: 1,967%

Search growth status: Exploding

Year founded: 2017

Location: San Francisco, CA

Funding: $222M (Series C)

What they do: Observe is an AI-powered contact center conversational intelligence platform. This startup uses AI algorithms to analyze customer interactions to provide real-time insights and feedback on customer calls. Observe’s suite of AI tools can use historical agent performance analysis to develop and personalize live on-call guidance and coaching.

Observe AI is backed by many top investors, including Y-Combinator, Menlo Ventures, and Steadview Capital. It currently supports over 150 customers, including Tripadvisor and Assurance IQ.

57. Copyleaks

5-year search growth: 4,900%

Search growth status: Exploding

Year founded: 2014

Location: Stamford, CT

Funding: $7.3M (Series A)

What they doCopyleaks is a digital plagiarism detection tool. It uses machine learning algorithms and natural language processing (NLP) to compare text to a database of websites, articles, documents, and previous submissions. Copyleaks also has an AI content detector feature due to the rise of AI content

58. Anthropic

5-year search growth: 1,220%

Search growth status: Exploding

Year founded: 2020

Location: San Francisco, CA

Funding: $3.3M (Corporate Round)

What they do: Anthropic is an AI safety and research company building general AI systems and large language models. This startup aims to play a crucial role in shaping the future of AI development and "to ensure transformative AI helps people and society flourish.”

Anthropic's primary product is Claude, a ChatGPT alternative that can read larger blocks of text and is trained on more up-to-date information. In October 2023, Anthropic secured a $2 billion investment from Google.

59. Peak AI

5-year search growth: 420%

Search growth status: Exploding

Year founded: 2014

Location: Manchester, United Kingdom

Funding: $117.7M (Series C)

What they doPeak is an AI platform with a suite of applications across customer, inventory, and pricing to connect technical and commercial teams. The Decision Intelligence system applies AI and machine learning techniques to analyze data, predict outcomes, and automate decision-making processes. 

60. Scale AI

5-year search growth: 1,150%

Search growth status: Exploding

Year founded: 2016

Location: San Francisco, CA

Funding: $602.8M (Series E) 

What they do: Scale AI provides training data for AI applications and models using a generative AI platform. It helps organizations develop and deploy AI models for self-driving vehicles, LLMs, AR/VR hardware, and robotics. In 2023, Scale reached $100 million in revenue and 1,000 customers

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.