top 10 AI startups

Artificial intelligence is one of the most innovative technologies that has taken the world by storm. IDC estimates that the AI services category will grow 17.4% year over year in 2021 and its revenue is forecast to reach USD37.9 by 2024. AI has proven efficient in enhancing business automation, improving customer experience, and delivering best-in-class business intelligence. Despite many speculations about AI taking rounds on the internet, many companies, especially startups are leveraging AI to serve different industries. The pandemic last year boosted the AI startup ecosystem. Here are the top ten AI startups in the world to watch out for in the coming years.

1. Sisense

Founded in 2004, Sisense provides an AI-driven platform for businesses to derive intelligent business analytics and insights. It originated in Israel and serves more than 2,000 global companies including GitLab, Nasdaq, and UiPath. Sisense provides APIs for customization to develop intelligent workflows and applications. Sisense Fusion is an embedded AI analytics platform that aims to transform and innovate businesses and customer experience.

2. Argo AI

A self-driving technology platform, Argo AI was established in 2016, in the United States. The startup develops hardware, software, cloud-support infrastructure, and maps to power self-driving vehicles. They have partnerships with leading automotive developers to integrate their AI-driven technology into the vehicles. Ford and Volkswagen are two potential investors of Argo AI. the company develops all necessary technology and devices for autonomous vehicles such as sensors, cameras, ranging radars, software, etc.

3. Niramai Health Analytix

The startup has developed a disruptive software-based medical device to detect breast cancer at an initial stage. This Bengaluru-based startup was founded in 2016 and it is a low-cost, automated, portable cancer screening tool. Niramai’s tool is uniques since it promises a non-contact, painless, radiation-free approach that requires minimal human supervision. The technology behind this intelligent tool is Thermalytics, a computer-aided AI-powered diagnostic engine, and the cancer screening tool is known as SMILE.

4. OpenAI

Created by the tech leader Elon Musk, OpenAI was launched in 2015 as a non-profit artificial intelligence research company to develop and promote Artificial General Intelligence without posing any threat to the human race. They released an API to enable companies to access the models developed by OpenAI and is a general-purpose, text-in text-out API.

5. SenseTime

SenseTime is hailed as the world’s most valuable artificial intelligence company. This Chinese startup was launched in 2014 and develops AI technologies including facial recognition, image recognition, autonomous driving, remote sensing, optical character recognition, and many more. The startup serves different industries including healthcare, finance, education, retail, etc. It developed the world’s first-ever computer system that has a higher detection accuracy than the human eye.

6. Aerobotics

This South-African startup recently raised USD17 million to fend its AI-based agricultural solutions. Aerobotics, founded in 2014, is a data analytics and machine learning platform that provides actionable intelligent insights to farmers. They have clients in more than 18 countries and are currently focused on developing intelligent tools for fruit and tree farmers.

7. Anodot

Founded in 2014, Anodot provides AI-driven business intelligence solutions. It has a patented technology Deep 360 Monitoring, that uses AI to analyze each metric and find correlations between data metrics. Anodot enables businesses to identify revenue-critical issues, provides real-time alerts, and forecasts.

8. CloudMinds

ClodMinds is committed to making robots smarter by leveraging a Cloud Brain. The technology enables diverse robots to connect and share a brain hosted by a cloud platform. The startup was launched in 2015 and currently has operations spanning over 6 continents that supports 25 countries. The startup platform connects robots over Virtual Backbone Networks to cloudAI, which makes it secure.

9. Photoneo

One of the leading developers of advanced automation solutions, Photoneo provides robotic vision and intelligence based on patented 3D technology. Founded in 2013, the startup serves companies in the automotive, eCommerce, logistics, food, and medical industries. By adopting a modern approach towards AI-powered segmentation and object localization, Photoneo’s algorithms can identify new objects. Photoneo enables companies to drive efficiency in manufacturing and assembly processes.

10. Netra

Netra AI provides intelligent video analysis. Its API enables powerful video scanning and metadata interpretation system. The startup is based out of Boston and is founded in 2015. Netra has a patented AI technology that can efficiently detect unsafe videos and deep fakes. The API is scalable, easy to integrate, and provides faster real-time video insights.