We see innovation on a regular basis these days where we hear the news of some nerd founding a company to solve the problem of millions. The startups are going around in different fields across the globe but we are talking about a special niche, AI Startups. Since the introduction of OpenAI’s Chatgpt, investors have invested a helluva of money in the young founder’s startups which are largely based on AI.
These AI Startups are solving problems in different fields from healthcare to finance to creative industries. You may heard of some names from the list but don’t know fully about them. Stay tuned to the end to know everything from headquarters to industry to founding year to CEO so that you can have a better understanding.
(The List is based on the funding received under $100 million worldwide as per Forbes where we have not included the popular startups who have already got the fame and funding in large amounts).
Cleanlab
1. Cleanlab
- Headquarters: San Francisco, California
- Founded: 2021
- Industry: Error detection for data
- Employees: 31
- CEO: Curtis Northcutt
Let’s kick things off with Cleanlab. Ever heard of AI hallucinations? Don’t worry, the robots aren’t having bad dreams. Sometimes, AI spits out responses that sound convincing but are completely false. Cleanlab steps in as the cleaner, ensuring AI systems don’t mess up by fact-checking and detecting errors in data.
Imagine it as the broom sweeping up the trash left behind by other AI systems. Amazon and Google are already on the board so you can understand that it’s doing something right. Cleanlab has already got $30 million in funding which is valued at $100 million.
Hebbia
2. Hebbia
- Headquarters: New York, New York
- Founded: 2020
- Industry: Enterprise search engine
- Employees: 45
- CEO: George Sivulka
Next up is Hebbia, which is a bit like Google, but for businesses. Hebbia can crawl through millions of documents, whether public or private, to find exactly what you need. Think about how long it takes to dig through company documents or legal papers. Hebbia does it faster and smarter.
It’s already a hit with law firms and financial agencies, where every second counts. The startup’s founder, George Sivulka, dropped out of his Ph.D. at Stanford to pursue this dream. Now, Hebbia is making research a breeze for companies, and it’s just getting started.
Kumo.AI
3. Kumo.AI
- Headquarters: Mountain View, California
- Founded: 2021
- Industry: Data analytics software
- Employees: 50
- CEO: Vanja Josifovski
Kumo.AI is making predictive AI cheaper and faster for businesses. Predicting the future is no small task, but Kumo.AI helps businesses foresee things like customer behavior or potential fraud with powerful tools called graph neural networks. And here’s the kicker, what usually takes forever to process can be done in 24 hours with Kumo.AI.
The company’s CEO is Vanja Josifovski, who’s got some big names on his resume, like Airbnb and Pinterest. They’ve already raised $37 million, so expect to hear more from them soon.
Leonardo.AI
4. Leonardo.AI
- Headquarters: Sydney, Australia
- Founded: 2022
- Industry: Image generation service
- Employees: 102
- CEO: JJ Fiasson
Calling all creators! Leonardo.AI is perfect for people who are into designing visuals. It is like drawing a quick sketch and this AI will fill in the rest of the details for you (all in real time). The startup has attracted 12 million users since launching in 2022 and people are using it to design everything from video games to storyboards for films.
It’s like having a personal artist who works at the speed of light. Leonardo.AI raised $31 million in its first year, so they’re already making big moves.
Photoroom
5. Photoroom
- Headquarters: Paris, France
- Founded: 2019
- Industry: Photo editing app
- Employees: 50
- CEO: Matthieu Rouif
No professional photography gear? No problem. Photoroom lets you edit product photos in seconds. This app became super popular during the pandemic, especially for small business owners who needed professional-looking images but couldn’t access studios.
Now, 30 million users rely on Photoroom to spruce up their photos. It’s even gained big clients like Netflix and Warner Bros. With $50 million in annual revenue, this Paris-based startup is definitely one to watch.
Replicate
6. Replicate
- Headquarters: San Francisco, California
- Founded: 2019
- Industry: AI app deployment software
- Employees: 31
- CEO: Ben Firshman
Replicate is all about making AI accessible to developers everywhere, not just the big tech giants. The platform hosts open-source AI models, such as Meta’s Llama 2 and OpenAI’s Whisper, allowing developers to use these models for anything from generating music to fixing up old photographs.
The way Replicate works is pretty simple: developers pay only for the time they actually use the AI models, with costs ranging between 36 cents to $20 per hour, depending on the task. This pay-as-you-go model opens the doors to AI for developers who otherwise might not have the financial means to run complex models on their own.
Sana Labs
7. Sana Labs
- Headquarters: Stockholm, Sweden
- Founded: 2016
- Industry: Enterprise learning and search
- Employees: 91
- CEO: Joel Hellermark
If you’ve ever spent hours finding your company’s documents and chats because you need to find one piece of information then Sana is the solution for you. It is an AI assistant which is designed for the workplace and allows employees to quickly search through data that is stored across platforms like Google Docs or Slack. It’s like having a super-efficient personal assistant that knows where everything is hidden.
Sana was founded by Joel Hellermark when he was just 19 and it has already made a significant impact in the AI arena. The company’s tech helps organizations save time by ensuring that no vital information is ever lost in the noise of everyday operations.
Tome AI
8. Tome
- Headquarters: San Francisco, California
- Founded: 2020
- Industry: Presentation creation software
- Employees: 60
- CEO: Keith Peiris
Making a presentation can be a headache. But with Tome, it’s a breeze. Tome uses AI to turn any text into a beautiful presentation within seconds. From business pitch decks to simple dinner invitations, Tome has become a favorite tool for 20 million users worldwide.
Recently, the company has shifted its focus toward enterprise customers, offering tools that help sales teams research potential clients. Tome does this by analyzing public data like SEC filings and news articles. Whether you need slides for work or play, Tome has your back.
Unstructured
9. Unstructured
- Headquarters: Sacramento, California
- Founded: 2022
- Industry: AI app development tools
- Employees: 39
- CEO: Brian Raymond
Data comes in all shapes and sizes but often it’s unstructured which means that it doesn’t follow a set format. This can make it hard to use for training AI models. That’s where Unstructured steps in. They help companies organize and transform messy, unstructured data into clean, usable data for AI applications.
With big clients like the U.S. Air Force and the Space Force, Unstructured is already making waves. The company’s founders come from intelligence backgrounds, which helps them provide smart solutions for data management.
Weaviate
10. Weaviate
- Headquarters: Amsterdam, Netherlands
- Founded: 2019
- Industry: Database software
- Employees: 65
- CEO: Bob van Luijt
Weaviate offers a database specifically designed for developers working on AI applications like recommendation engines and chatbots. Unlike traditional databases, Weaviate uses vectors, which allows it to better handle the needs of AI-based programs. It also works with major cloud services like Amazon Web Services and Google Cloud, making it highly versatile.
This startup was started as a free open-source project. The company raised $50 million in the year 2023 which has made its place as a key player in the AI startup ecosystem.
Why These Startups Matter?
If we look at all these startups closely then we will find that they are bringing something fresh and useful to the table. Each of these companies has the potential to change the world whether it’s making AI accessible or cleaning up data or making our work lives easier. They are helping industries so that they can adopt AI faster or solve real-world problems and offer tools that make the future of AI exciting and within reach for everyone.
Wrapping It Up About Top 10 AI Startups
It is time to sum up. If you’re interested in AI then keep an eye on these companies because they are going to change the future. And who knows, you might even find yourself using their services sooner than you think.
That’s it for now. Thanks for reading.
