40 Growing AI Companies & Startups In 2023
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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. OpenAI
5-year search growth: 7300%
Search growth status: Regular
Year founded: 2015
Location: San Francisco, CA
Funding: $11.3B (Series Unknown)
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.
2. Frame AI
5-year search growth: 855%
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. Jasper
5-year search growth: 5400%
Search growth status: Regular
Year founded: 2021
Location: Austin, TX
Funding: $131M (Series A)
What they do: Jasper is an AI-powered platform that helps companies automate their customer service operations through conversational chatbots. Using natural language processing (NLP) and machine learning (ML) algorithms, Jasper’s chatbots can understand and respond to customer inquiries in real-time, reducing the need for human intervention.
With its drag-and-drop interface, Jasper AI allows businesses to easily create and deploy chatbots across multiple channels, such as websites, social media, and messaging apps, to provide a seamless customer experience.
4. Moveworks
5-year search growth: 739%
Search growth status: Regular
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: 9000%
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: 284%
Search growth status: Exploding
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. Uizard
5-year search growth: 8600%
Search growth status: Exploding
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.
8. Accubits
5-year search growth: 233%
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 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. Soundful
5-year search growth: 2200%
Search growth status: Regular
Year founded: 2019
Location: San Diego, California
Funding: $3.8M (Series C)
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: 6566%
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: 99X+
Search growth status: Exploding
Year founded: 2021
Location: San Francisco, California
Funding: $2.6M (Seed)
What they do: Writesonic is an AI-powered platform that enables users to generate high-quality 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: 700%
Search growth status: Regular
Year founded: 2020
Location: San Francisco, California
Funding: $42M (Series A)
What they do: Atomic AI operates a content intelligence platform that leverages artificial intelligence 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: 7268%
Search growth status: Regular
Year founded: 2017
Location: Berkeley, California
Funding: $49.4M (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: 700%
Search growth status: Exploding
Year founded: 2015
Location: San Diego, CA
Funding: $573.1M (Series E)
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: 233%
Search growth status: Regular
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: 103%
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: 8809%
Search growth status: Regular
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 challenging 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. Spacemaker AI
5-year search growth: 8081%
Search growth status: Regular
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. DeepL
5-year search growth: 1500%
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.
20. Capacity
5-year search growth: 51%
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
5-year search growth: 41%
Search growth status: Peaked
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. Dataiku
5-year search growth: 231%
Search growth status: Exploding
Year founded: 2013
Location: New York City, New York
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: 99X+
Search growth status: Exploding
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: 700%
Search growth status: Regular
Year founded: 2015
Location: Washington, DC
Funding: $47.1M (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. With 58% more threats identified than Cisco and 75% more threats identified by Webtitan, over 15K brands worldwide use DNSFilter.
25. Spot AI
5-year search growth: 462%
Search growth status: Exploding
Year founded: 2018
Location: Los Altos, CA
Funding: $62M (Series B)
What they do: Spot 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: 35%
Search growth status: Regular
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: 7700%
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: 3233%
Search growth status: Peaked
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: 1100%
Search growth status: Regular
Year founded: 2017
Location: San Francisco, CA
Funding $63.1M (Series B)
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: 35%
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: 8800%
Search growth status: Exploding
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: 8300%
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
5-year search growth: 200%
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: 258%
Search growth status: Exploding
Year founded: 2011
Location: New York, NY
Funding: $620.1M (Series D)
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
5-year search growth: 25%
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: 169%
Search growth status: Regular
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: 763%
Search growth status: Exploding
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: 400%
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: 426%
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: 542%
Search growth status: Regular
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.
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.
