25 Trending Machine Learning Startups

by Josh Howarth - July 29, 2021

The global machine learning market is expected to reach a market size of $152B by 2028.

82% of companies use machine learning to manage risk. Whereas 74% say they use it to enhance their performance analysis and report processes.

According to a McKinsey survey, 50% of businesses claim that they’ve implemented AI in at least one business unit.

This list presents 25 trending startups that are making an impact on the machine learning space.

1. Circly

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5-year search growth: 250%

Search growth status: Peaked

Year founded: 2020

Location: Saint Potlen, Austria

Funding: $380K (Early Stage VC)

What they do: Circly is an AI-powered forecasting tool for retail. Their self-learning and self-optimizing technology uses consumer behavior data to forecast buying behavior. The startup, which is looking to close another early-stage VC funding round by the end of 2021, claims that its forecasting technology has a 95% accuracy rate and helps retailers reduce their stock levels by as much as 80%.

2. KinetiX

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5-year search growth: 225%

Search growth status: Regular

Year founded: 2020

Location: Paris, France

Funding: $600K (Angel)

What they do: KinetiX has developed a fully automated, no-code 3D content creation platform integrated into a suite of tools used by game and animation developers. It uses deep learning to understand uploaded videos and turn them into 3D animations. The company is pre-revenue and is currently testing its advanced beta.

3. Logically

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5-year search growth: 113%

Search growth status: Regular

Year founded: 2017

Location: Brighouse, England

Funding: $17.75M (Debt)

What they do: Logically combines AI, fact-checking teams and OSINT investigators to offer a threat intelligence platform. The startup, which has partnered with Facebook UK, offers quick fact-checking and detects manipulated images. According to Pitchbook, Logically is closing a Series A funding round by the end of this year.

4. MedPay

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5-year search growth: 125%

Search growth status: Peaked

Year founded: 2020

Location: Karnataka, India

Funding: $1.21M (Seed)

What they do: MedPay has developed a smart algorithm-powered payment platform connecting healthcare professionals with insurance agencies. Over 150,000 pharmacies and 8,000 doctors across 450 cities use this platform.

5. Relu

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5-year search growth: 268%

Search growth status: Regular

Year founded: 2019

Location: Leuven, Belgium

Funding: $1.78M (Early Stage VC)

What they do: Relu uses deep learning to construct 3D models of jaws, teeth and nerves. Relu’s integration with medical software makes it easy for healthcare professionals to upload a CT or CBCT scan and automatically build an accurate 3D representation of the scans. The Leuven-based startup is funded by 3 investors over 1 funding round.

6. Teikametrics

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5-year search growth: 258%

Search growth status: Regular

Year founded: 2015

Location: Boston, Massachusetts

Funding: $70M (Series B)

What they do: Teikametrics is a SaaS that uses AI to optimize eCommerce marketplaces. Their machine learning algorithm dynamically optimizes pricing, inventory and performance while providing trends and suggestions based on current data. Teikametrics processes over 40 terabytes of data every year.

7. uSmart Securities

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2016

Location: Hong Kong, Hong Kong

Funding: Undisclosed (Later Stage VC)

What they do: uSmart Securities is an online brokerage software. The software uses intelligent algorithms to analyze trading patterns and offer suggestions to improve trading returns. The growing ML startup has an estimated yearly revenue of over $20M.

8. BHyve

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5-year search growth: 350%

Search growth status: Regular

Year founded: 2020

Location: Maharashtra, India

Funding: $330K (Angel)

What they do: BHyve is a peer-to-peer platform intended to enable employees to share their tacit knowledge. The company uses ML to match employees based on their knowledge and the knowledge they want to obtain. Big 4 consulting and accounting firms use BHyve to elevate their employees’ tactical knowledge. Overall, the startup has seen a 47.3% YoY revenue growth.

9. Supertrends

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5-year search growth: 700%

Search growth status: Peaked

Year founded: 2019

Location: Zug, Switzerland

Funding: $1.63M (Angel)

What they do: Supertrends has developed a deep learning technology capable of following and analyzing data to forecast trends that might arise soon. Currently, the company’s technology keeps an eye out on over 100 themes and over 650,000 companies that have the potential to disrupt entire industries in the future. Supertrends’ funding round was invested at a post-money valuation of $8.72M.

10. Zenseact

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5-year search growth: 3000%

Search growth status: Regular

Year founded: 2020

Location: Gotenborg, Sweden

Funding: Undisclosed (Secondary Transaction)

What they do: Zenseact is an AI-powered automotive software designed to make self-driving cars safer and more efficient. Their technology enables cars to track and sense their surroundings without the need for human intervention. The startup, backed by Volvo Cars Technology Fund, has already implemented its software on over 11 car brands.

11. AdmitKard

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5-year search growth: 5400%

Search growth status: Regular

Year founded: 2015

Location: Noida, England

Funding: $1.35M (Early Stage VC)

What they do: AdmitKard helps students get admitted to their university of choice. It uses intelligent retrieval to instantly assess a student’s profile and compare it to a university’s target profiles. Then, based on the information, it suggests changes and alterations making the student’s profile more appealing to their target university. The Noida-based startup has curated insights on over 1000 Universities.

12. Aidoc

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5-year search growth: 0%

Search growth status: Regular

Year founded: 2016

Location: Tel Aviv, Israel

Funding: $140M (Series C)

What they do: Aidoc has developed a deep learning system for radiologists. It is capable of analyzing medical images and patient data to pinpoint critical anomalies. To date, the system has been used to analyze over 8 million scans.

13. Apty

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5-year search growth: 273%

Search growth status: Regular

Year founded: 2016

Location: Frisco, Texas

Funding: $12.9M (Series A)

What they do: Apty is an AI-driven software analyzing tool that can explore how software is being used and integrated. It then creates a strategic plan to increase employee productivity and improve business processes using that software. According to Apty, their tool can help increase employee productivity by up to 40%.

14. Arctic Wolf

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5-year search growth: 190%

Search growth status: Regular

Year founded: 2012

Location: Eden Praire, Minnesota

Funding: $535.74M (Series F)

What they do: Arctic Wolf monitors a user’s cyber resources to ensure safety and security. Its algorithms, which according to the startup can yield ROI up to 411% in less than 6 months, are built to detect unusual usage patterns, signaling potential security breaches. The Channel Co. has recognized Arctic Wolf’s efforts by naming it as one of the top 100 Security firms in 2021.

15. Flock Safety

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5-year search growth: 8200%

Search growth status: Regular

Year founded: 2017

Location: Atlanta, Georgia

Funding: $232.51M (Series D)

What they do: Flock Safety has developed a camera system that has a built-in AI capable of identifying a vehicle’s fingerprint. The system detects when a stolen car enters an area and notifies the police and the neighborhood residents. The startup’s system is currently implemented in over 1,200 cities.

16. Quantexa

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2016

Location: London, England

Funding: $243.1M (Series D)

What they do: Quantexa gathers data across a venture’s operational workflow and uses machine learning to analyze it. It then develops plans to automate entire operational decisions across multiple business sectors. Quantexa is currently deployed in over 70 countries and has handled over 60 billion records.

17. Algolux

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5-year search growth: 4400%

Search growth status: Regular

Year founded: 2013

Location: Quebec, Canada

Funding: $36.83M (Series B)

What they do: Algolux is AI-driven imaging and vision technology used in cars. The technology is capable of perceiving different road conditions and objects around the vehicle. The venture was listed as a Top 100 AI startup in 2021 by CBinsights.

18. Doxper

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5-year search growth: 5100%

Search growth status: Regular

Year founded: 2015

Location: Bangalore, India

Funding: $4.9M (Series A)

What they do: Doxper has developed an encoded pen and paper that aims to improve global EMR adoption. Their pen and paper understand what is being written and transfer that data to the cloud immediately. This eliminates the need for somebody to enter the data into an EMR system manually. According to Pitchbook, the startup is negotiating a potential merger/acquisition with Meddo.

19. Lookiero

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5-year search growth: 8600%

Search growth status: Exploding

Year founded: 2015

Location: Erandio, Spain

Funding: $55.45M (Series C)

What they do: Lookiero is a personal fashion shopping subscription service. The company uses machine learning to analyze customer preferences and needs and develop a selection of clothing, which is then directly shipped to the customer. Lookireo reported a 75.31% YoY revenue growth. The startup also says that they brought in $23.4M in revenue last year.

20. RepVue

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2018

Location: Chapell Hill, North Carolina

Funding: $2.59M (Early Stage VC)

What they do: RepVue tracks real-time sales compensation data across different companies. It then uses its algorithm to rate a company’s sales compensation based on a set of criteria. Currently, RepVue tracks sales compensation data on over 1,200 organizations.

21. Rinna

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5-year search growth: 163%

Search growth status: Regular

Year founded: 2020

Location: Tokyo, Japan

Funding: Undisclosed (Series A)

What they do: Rinna is an AI-based character. Through machine learning, it’s capable of understanding conversation context and replies with coherent sentences. The character is usually used in marketing campaigns. So far, Rinna has had only one funding round.

22. SuperAnnotate

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2018

Location: Sunnyvale, California

Funding: $18M (Series A)

What they do: SuperAnnotate is a tool that uses artificial intelligence to acquire and complete training data used to annotate, train and automate computer vision pipelines. The startup’s most recent funding, a $14.5M Series A funding round led by Base10!, valued the company at $59.5M.

23. UNISOC

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5-year search growth: 99X+

Search growth status: Regular

Year founded: 2016

Location: Shanghai, China

Funding: $1.46B (PE Growth)

What they do: UNISOC uses AI to customize and streamline the production of chips. The company has an estimated yearly revenue of $1B and an estimated net profit margin of 3.49%.

24. Yodawy

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5-year search growth: 2300%

Search growth status: Regular

Year founded: 2017

Location: Cairo, Egypt

Funding: $8.5M (Series B)

What they do: Yodawy is a marketplace allowing pharmacies to sell their products online. In addition to the marketplace, the company has developed a smart technology that quickly checks healthcare information to offer instant insurance approvals and digital prescriptions. The startup has amassed a network of over 4,000 pharmacies across Egypt.

25. United Robots

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5-year search growth: 1800%

Search growth status: Peaked

Year founded: 2016

Location: Malmo, Sweden

Funding: $1.79M (Later Stage VC)

What they do: United Robots is an innovative editorial technology startup. They use deep learning to analyze large datasets and come up with unbiased and neutral language editorial texts. The company experienced a 19.87% growth in revenue last year.

Conclusion

This concludes our list of trending machine learning startups.

Companies in the AI/ML sector tackle different problems. Therefore, they cover a variety of industries and use cases.

That said, almost all startups in this space use extensive data and machine learning to make businesses more efficient, increase public safety and forecast behavioral and consumer trends.

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