AI-Driven Startup Funding Opportunities

AI-driven startups are at the forefront of innovation, leveraging cutting-edge technologies to disrupt industries and create exciting business models. In this article, we will explore the top AI startups of 2023 that investors, startup enthusiasts, and aspiring entrepreneurs should keep an eye on. Please note that the startups listed below are not officially ranked and are listed in no particular order.

SoundHound

• Location: Santa Clara, California
• Founders: James Hom, Keyvan Mohajer, Majid Emami
• Founded In: 2005
• Funding: Post-IPO Equity, $326 Million
• Investors Include: Cota Capital, Qatar First Bank

SoundHound is an AI startup that offers innovative technologies for voice-enabled AI. Their flagship product, Houndify, is an AI platform that provides the world’s fastest speech recognition and a voice search and assistant app called Hound. With SoundHound’s AI technologies, developers and business owners can maintain control over their brand image from anywhere.

Moveworks

• Location: Mountain View, California
• Founders: Bhavin Shah, Jiang Chen, Vaibhav Nivargi, Varun Singh
• Founded In: 2016
• Funding: Series C, $305 Million
• Investors Include: Sapphire Ventures, Bain Capital

Moveworks is an AI platform that aims to improve the relationship between companies and their staff by providing better support to employees. Their deep learning and AI technology enable Moveworks to offer various services, including IT support and HR help.

Arrow

• Location: San Francisco, California
• Founders: Rolan Reichel, Pablo Munoz De Cote
• Founded In: 2018
• Funding: Seed, $500,000
• Investors Include: ARCADIAN Fund, Cosmos Global Holdings

Arrow is an AI-powered B2B SaaS platform that automates social media content creation and management for businesses. Their features, such as ready-to-use posts, custom content channels, and dedicated user success managers, help professionals post engaging content, grow their following, and build credibility.

People.ai

• Location: San Francisco, California
• Founder: Oleg Rogynskyy
• Founded In: 2016
• Funding: Series C, $100 Million
• Investors Include: Sandhill Angels, Lightspeed Venture Partners

People.ai leverages AI technology to create an enterprise revenue platform that helps sales, marketing, and customer service teams provide the best customer experience. By analyzing customer contacts, activity, and engagement, People.ai provides actionable insights for companies.

Nektar.ai

• Location: Singapore
• Founders: Abhijeet Vijayvergiya, Aravind Ravi-Sulekha
• Founded In: 2020
• Funding: Seed, $10.3 Million
• Investors Include: Nexus Venture Partners, 3one4 Capital

Nektar.ai is a B2B startup that offers an AI-powered virtual assistant and connected revenue enablement platform for sales teams. Their platform helps improve productivity, boost sales, and streamline growth.

Abnormal Security

• Location: San Francisco, California
• Founders: Evan Reiser, Sanjay Jeyakumar
• Founded In: 2018
• Funding: Series B, $74 Million
• Investors Include: Greylock, Insight Partners

Abnormal Security is an email security company that uses AI to protect companies from targeted email attacks. Their software uses behavioral profiling to predict and detect illegitimate emails.

AEye

• Location: Dublin, California
• Founders: Barry Behnken, Jordan Greene, Luis Dussan, Ransom Wuller
• Founded In: 2013
• Funding: Debt Financing, $89.1 Million
• Investors Include: GM Ventures, Intel Capital, Hella Ventures

AEye develops LiDar technologies for self-driving cars. Their AI-powered intelligent detection and ranging (iDar) technology provides surrounding senses similar to human senses, enabling manufacturers to create smart autonomous vehicles.

Arize AI

• Location: Berkeley, California
• Founders: Aparna Dhinakaran, Jason Lopatecki
• Founded In: 2019
• Funding: Series Unknown, $4 Million
• Investors Include: Trinity Ventures, The House Fund

Arize AI is an AI company that focuses on AI production. Their platform helps users understand and troubleshoot AI production to improve AI performance and empower engineers.

Uizard

• Location: Copenhagen, Denmark
• Founders: Florian van Schreven, Henrik Haugbølle, Ioannis Sintos, Tony Beltramelli
• Founded In: 2018
• Funding: Series A, $18.6 Million
• Investors Include: Insight Partners, AV8 Ventures

Uizard is an AI design assistant that simplifies the process of creating mobile and web mockup apps. Their user-friendly design tool enables entrepreneurs, marketing teams, and engineers to create digital products regardless of their design or technical background.

Riskified

• Location: New York, New York
• Founders: Assaf Feldman, Eido Gal
• Founded In: 2012
• Funding: Series E, $228.7 Million
• Investors Include: Winslow Capital, Poalim Equity

Riskified is an AI-powered platform that optimizes the user experience for ecommerce sites. Their machine learning models analyze over 1 billion transactions to streamline the checkout process and detect fraud attacks.

Virtual Sapiens

• Location: Boston, Massachusetts
• Founders: Neal Kaiser, Rachel Cossar
• Founded In: 2020
• Funding: Pre-Seed/Angel Round in Progress
• Investors Include: MassChallenge, VitalizeVC

Virtual Sapiens is an AI and machine learning startup that offers a platform to help professionals improve their virtual communication skills. By providing in-call coaching and insights, Virtual Sapiens helps users enhance their confidence and communication on video calls.

Bearing

• Location: Palo Alto, California
• Founder: Dylan Keil
• Founded In: 2019
• Funding: Seed, $3 Million
• Investors Include: AI Fund

Bearing uses AI to track ocean-bound cargo shipments. Their accurate vessel performance predictions help shippers manage fleets more effectively.

Crowd AI

• Location: San Francisco, California
• Founders: Devaki Raj, Nicolas Borensztein, Pablo Garcia
• Founded In: 2016
• Funding: Series A, $8.4 Million
• Investors Include: Threshold, SV Angel, Y Combinator

CrowdAI provides a platform for organizations to create custom models for visual AI without coding. Their user-friendly approach empowers non-technical founders and leaders to leverage the power of AI.

Nate

• Location: New York, New York
• Founder: Albert Saniger
• Founded In: 2018
• Funding: Series A, $47.3 Million
• Investors Include: Canaan Partners, Renegade Partners

Nate is an AI-powered app that serves as a marketplace for various products. Users can compile lists of items they want to purchase, and Nate completes the checkout and shipping process using AI capabilities. Nate also offers the option to pay in installments, making purchases more convenient and accessible.

Tempus

• Location: Chicago, Illinois
• Founder: Eric Lefkofsky
• Founded In: 2015
• Funding: Debt Financing, $1.1 Billion
• Investors Include: Franklin Templeton Investments, Google

Tempus is a data-driven company that uses AI and deep research data to improve healthcare. By gathering data from prestigious institutions and leveraging AI, Tempus aims to provide better treatment decisions, drug developments, and patient therapy.

Toggle AI

• Location: New York, New York
• Founders: Armenak Mayalian, Jan Szilagyi
• Founded In: 2019
• Funding: Series A, $12.8 Million
• Investors Include: Flucas Ventures, Greycroft

Toggle AI is an AI startup that provides information on upcoming startups likely to succeed. Their data-driven approach helps investors gain better access to financial problems and market insights.

Cresta

• Location: San Francisco, California
• Founders: S. Zayd Enam, Sebastian Thrun, Tim Shi
• Founded In: 2017
• Funding: Series C, $151 Million
• Investors Include: Sequoia Capital, Andreessen Horowitz

Cresta uses AI to help real-time agents improve their interactions with customers. The AI tool integrates into chat conversations and provides real-time advice, such as showing empathy or recognizing customer emotions.

Viz.ai

• Location: San Francisco, California
• Founders: Chris Mansi, David Golan, Manoj Ramachandran
• Founded In: 2016
• Funding: Series D, $251.6 Million
• Investors Include: Susa Ventures, Scale Venture Partners

Viz.ai aims to connect health professionals and specialists to provide better healthcare. Their platform allows multi-disciplinary teams to coordinate and collaborate, improving patient care.

Rad AI

• Location: Santa Monica, California
• Founder: Jeremy Barnett
• Founded In: 2018
• Funding: Seed, $4 Million
• Investors Include: Undisclosed

Rad AI is a martech startup that offers marketing and branding services powered by AI. Their empathetic approach helps deploy effective marketing campaigns and provides valuable feedback loops.

Ocrolus

• Location: New York, New York
• Founders: John Guerci, Peter Bobley, Sam Bobley, Victoria Meakin
• Founded In: 2014
• Funding: Series C, $127 Million
• Investors Include: Stage 2 Capital, QED Investors

Ocrolus automates the underwriting process for loans using AI. Their platform analyzes documents and data to provide financial institutions with accurate information, speeding up the loan process and reducing bias.

Dataiku

• Location: New York, New York
• Founders: Clément Stenac, Florian Douetteau, Marc Batty, Thomas Cabrol
• Founded In: 2013
• Funding: Series E, $646.8 Million
• Investors Include: Insight Partners, Snowflake Ventures

Dataiku democratizes data by providing a platform that empowers companies of all sizes to organize and leverage data. Their Everyday AI solution enables companies to make data-driven decisions and drive innovation.

OpenAI

• Location: San Francisco, California
• Founders: Elon Musk, Greg Brockman, Ilya Sutskever, Sam Altman, Wojciech Zaremba
• Founded In: 2015
• Funding: Corporate Round, $1 Billion
• Investors Include: Khosla Ventures, Y Combinator

OpenAI’s mission is to develop artificial general intelligence (AGI) for the benefit of humanity. They offer an API that can be applied to language tasks, serving millions of requests daily.

GoodVision

• Location: London, United Kingdom
• Founders: Daniel Stofan, Lukas Hruby
• Founded In: 2017
• Funding: Seed, $1.03 Million
• Investors Include: Credo Ventures, NEO Ventures

GoodVision provides an all-in-one platform for traffic surveyors to analyze and improve urban mobility. Their AI-powered solution helps reduce vehicle congestion and improve road safety.

Preligens

• Location: Paris, France
• Founders: Arnaud Guerin, Renaud Allioux
• Founded In: 2016
• Funding: Series A, $28.3 Million
• Investors Include: Ace Capital Partners, Bpifrance

Preligens uses AI to fuse and analyze data for intelligence professionals. Their technology provides context and analysis to tackle major international security challenges.

You

• Location: Palo Alto, California
• Founders: Bryan McCann, Richard Socher
• Founded In: 2020
• Funding: Series A, $45 Million
• Investors Include: Norwest Venture Partners, Breyer Capital

You.com aims to provide a search engine with enhanced privacy and user experience. Their unique layout allows users to scroll horizontally and vertically in search results, prioritizing trusted sources of information.

AssemblyAI

• Location: San Francisco, California
• Founder: Dylan Fox
• Founded In: 2017
• Funding: Series B, $63.1 Million
• Investors Include: Insight Partners, Y Combinator

AssemblyAI offers a transcription product that uses AI to convert audio and video files into text. Their API enables developers to integrate transcription capabilities into various applications.

Linguix

• Location: Miami, Florida
• Founders: Alexander Lashkov, Eugene Godov, Vitaly Kukharenko
• Founded In: 2018
• Funding: Pre-Seed, $1 Million
• Investors Include: Flyer One Ventures, Nitrx Capital

Linguix is an AI startup that provides real-time suggestions to improve writing. Their platform helps users enhance clarity, conciseness, engagement, and style in their writing.

Akasa

• Location: San Francisco, California
• Founders: Andy Atwal, Benjamin Beadle-Ryby, Malinka Walaliyadde, Varun Ganapathi
• Founded In: 2018
• Funding: Series B, $85 Million
• Investors Include: Costanoa Ventures, Andreessen Horowitz

Akasa focuses on reducing administrative waste in healthcare using AI. Their platform automates repetitive tasks and processes, allowing healthcare providers to allocate resources more efficiently.

Webio

• Location: Dublin, Ireland
• Founders: Cormac O’Neill, Paul Sweeney
• Founded In: 2016
• Funding: Series A, $5.2 Million
• Investors Include: Finch Capital, Blackbox

Webio provides an AI-powered platform for businesses to automate customer interactions. By offering a range of communication channels, Webio helps improve customer engagement.

Observe.ai

• Location: San Francisco, California
• Founder: Swapnil Jain
• Founded In: 2017
• Funding: Series B, $80 Million
• Investors Include: Scale Venture Partners, Menlo Ventures

Observe.ai offers an AI-powered platform for contact centers. Their technology analyzes customer interactions and provides insights to help improve customer service and sales.

These AI-driven startups represent the cutting edge of innovation and offer exciting investment opportunities. Whether you’re an investor, startup enthusiast, or aspiring entrepreneur, keeping an eye on these startups can provide valuable insights into the future of AI and its impact on various industries.