Since its inception, Artificial Intelligence technology has gained a lot of attention of developers. With the increased popularity of AI, many big companies such as Google, Microsoft, Apple are now starting to get into this race. Not only big names, but many new companies are also emerging.
There are 2,857 Artificial Intelligence startups listed in Angel List with the average valuation of $5M. AI market is expected to grow from $420 million in 2014 to $5.05 billion by 2020. Certainly, the future prospect of Artificial Intelligence is huge.
Let’s take a look at some of the Artificial Intelligence based startups. The list is pretty long but we have clubbed these six startups. A question may arise why we have taken names of only these companies. We have explained what they are trying to do and why they have got our attention.
The company has received funding of $9.3M. ( Crunchbase link )
According to Avaamo, Chatbots are the future. The company is trying to innovate a new way to communicate, transact, and do other works in this mobile first world. Founded by enterprises veterans of TIBCO, Apple, SAP, and Siebel Avaamo is funded by investors from China, Silicon Valley, and Japan.
The company has received most recent funding of $1.1M. ( Crunchbase link )
DefinedCrowd is using machine learning, data science, and modern crowdsourcing techniques to help companies to manage their global data collection and data enrichment efforts. Amazon Alexa, Sony, Portugal Ventures are among the customers of DefinedCrowd. The company is founded by Daniela Braga and Amy Du in Kirkland, Washington.
The company has received the funding of $40M. (Crunchbase link )
Build smarter apps that see the world like you do, says Clarifai website. The company is providing advanced image and video recognition API which recognizes various categories, objects, and images along with finding similar images. The company is founded by Matthew Zeiler headquartered in New York.
The company has received funding of $15.4M. (Crunchbase link )
Recently, the company has been acquired by Cisco. The company has designed an advanced AI platform for a new generation of intelligent conversational interfaces. It is founded by Tim Tuttle and Moninder Jheeta headquartered in San Francisco, California.
The company has raised funding of $10.65M. ( Crunchbase link )
Bizible is involved in creating an integrated marketing analytics for marketers to optimize their campaigns.The company has now partnered with Salesforce.com to create the platform which allows to fill the gap between online marketing and revenue. Bizible is founded by Peter Thompson and Andy Turman headquartered in Seattle, Washington.
The company has raised funding of $10.8M. ( Crunchbase link )
Automated Insights provides real-time content automation service that transforms data into meaningful data as per the audience need. For example, Automated Insights changes spreadsheets to meaningful stories. The company is founded by Robbie Allen headquartered in Durham, North Carolina.