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Popular Startups in Artificial Intelligence Category that are Disrupting the Industry

INTRODUCTION

Our daily lives are being revolutionised by the fast-expanding field of artificial intelligence (AI). As a result, a wide range of artificial intelligence firms have joined the market in an effort to profit from the potential advantages. The size of the worldwide AI startup market was estimated at USD 4.2 billion in 2020 and is anticipated to expand at a CAGR of 41.2% to reach USD 126 billion by 2025. In light of this, we highlight well-known startups in artificial intelligence that are transforming innovation.

What is AI?

Artificial intelligence, or AI, is the term used to describe the simulation of human intelligence in robots. Tasks that traditionally need human intelligence, like speech recognition, decision-making, and language translation, are assisted by AI programmes. There are various techniques used in AI, such as -

● Machine learning
● Robotics and Computation
● Deep Learning

AI also encompasses cutting-edge technological subsets such as thought automation in systems, auto-learning, thinking computer systems, and natural language processing in addition to the aforementioned domains.

Some of the best AI technology startups to watch in 2023

The market for AI startups is fiercely competitive, with numerous startups vying for a sizable share of it while more established businesses invest extensively in AI research and development. Some of the popular startups in the artificial intelligence category classified on geographical basis is -

European Regions

The European AI market was estimated to be worth USD 3.01 billion in 2018 and is anticipated to grow at a CAGR of 34.3% to USD 13.18 billion by 2023. Top firms in expert systems leveraging AI and ML are-

Top Artificial Startup in Germany

1. Agile Robots AG - Agile Robots AG - Agile Robots is a service provider for the creation of intelligent robot systems and applications

Based in - Bayern, Germany
Total funding - USD 270.1 million
Founding Year - 2018
Founders- Peter Meusel, Zhaopeng Chen
The latest round of investment and amount - USD 30 million in Series Unknown
Investor in latest round - Foxconn Industrial Internet
Date of latest round - April 15, 2022
Purpose of the company - Development and application of intelligent robot systems

The company is a high-tech startup situated in Munich. Agile is a German Aerospace Centre (DLR) spin-off organisation that wants to push the limits of robots. Their goal is to develop systems that deliver cutting-edge full-body force sensitivity and unrivalled vision intelligence, bridging the gap between AI and robotics.

2. Helsing - Helsing employs artificial intelligence to implement security.

Based in - Berlin, Germany
Total funding- EUR 102.5 million
Founding Year - 2021
Founders- N/A
The latest round of investment and amount- EUR 102.5 million in Series A
Investors in the latest round- Prima Materia
Date of latest round- Nov 9, 2021
Purpose of the company - Strengthening defence to protect democracies and deter adversaries

To defend democracies and discourage enemies, Hesling believes software, especially artificial intelligence, is essential. The operational capabilities of both new and old defensive platforms are being transformed by the technological products that their teams are developing. develop systems that deliver cutting-edge full-body force sensitivity and unrivalled vision intelligence, bridging the gap between AI and robotics.

3. Neura Robotics - The company creates robots with cognitive abilities for use in both industrial and domestic environments.

Based in - Metzingen, Baden-Wurttemberg, Germany
Total funding- USD 86 million
Founding Year- 2019
Founders - David Reger
The Latest round of funding and amount- Undisclosed amount in Series C
Investors in the latest round- Undisclosed
Date of latest funding- Undisclosed
Purpose of the company- Building intelligent robotic assistants which can be used in all areas of life

The business aims to increase the capabilities of cognitively capable collaborative robots so that they can operate alongside people in existing contexts without the need for expensive and complicated safety solutions.

4. Scoutbee - Provides an AI-driven suite for finding procurement and supply chain experts

Based in - Würzburg, Bayern, Germany
Total funding- USD 76 million
Founding Year- Feb 2015
Founders- Christian Heinrich, Fabian Heinrich, Gregor Stuhler, Lee Galbraith
The Latest round of funding and amount- USD 60 million in Series B
Investors in latest funding - Lakestar, HV Capital, 42 Cap and Toba Capital
Date of latest funding- Jan 20, 2020
Purpose of the company - Finding new suppliers faster with deep insights into your current supply base to improve resilience and reduce risk.

By providing businesses with the actionable data they require to optimise their supply chain and enhance strategic goals like risk management, ESG, and innovation, Scoutbee improves business outcomes.

5. TWAICE - TWAICE is creating analytics software to address the predictability and transparency of batteries.

Based in - Bayern, Germany
Total funding - USD 71. 5 million
Founding Year- Jun 2018
Founders- Michael Baumann, Stephan Rohr
Latest round of funding and amount- USD 30 million in Series B
Investors in latest funding - Coatque
Date of latest funding- April 26, 2022
Purpose of the company- Building the world’s most complete Predictive Battery Analytics Platform for all companies driving the Battery Supercycle—the transformation to a cleaner and greener battery-powered world.

TWAICE is creating analytics software to address the predictability and transparency of batteries. The business offers software for predictive analytics that streamlines the creation and use of lithium-ion batteries. develop systems that deliver cutting-edge full-body force sensitivity and unrivalled vision intelligence, bridging the gap between AI and robotics.

Top Artificial Intelligence Startups in Switzerland

6. Nexxiot - The organisation is a leader in TradeTech with the goal of making transportation for all supply chain participants simpler, safer, and cleaner

Based in - Zurich, Switzerland
Total funding- USD 184.1 million
Founding Year- Mar 2015
Founders - Christoph Wartmann, Daniel MacGregor
The Latest round of funding and amount- CHF 76 million in Series Unknown
Investors in the latest funding - QVIDTVM and Knorr-Bremse
Date of latest funding- May 31, 2022
Purpose of the company - Developing advanced sensors, hardware, software interfaces and analytics to optimise transportation on a global scale.

Through the use of IoT hardware, software, and analytics, Nexxiot helps supply networks operate more effectively and sustain value. The system lowers pollutants and waste while reducing threats to people, property, and freight.

7. Yokoy - Yokoy provides a spend management platform that automates the processing of invoices, credit cards, and expenses.

Based in - Zurich, Switzerland
Total funding - USD 107.8 million
Founding Year- 2019
Founders - Devis Lussi, Lars Mangelsdorf, Melanie Gabriel, Philippe Sahli, Thomas Inhelder
Latest round of funding and amount- USD 80 million in Series B
Investors in latest funding - Sequoia Capital, Speedinvest, Balderton Capital, SICTIC, Swisscomm Ventures, Left Lane Capital, Visionaries Club, Uniqua Ventures, Zinal Growth, Guillaume Pousaz and SIX FinTech Ventures
Date of latest funding - May 31, 2022
Purpose of the company- Spend management for finance leaders Automating expense management, invoice processing and company payments

Yokoy is a FinTech firm that uses artificial intelligence to automate expenditure management for medium-sized and big businesses by fusing spending management, supplier invoice management, and smart corporate cards into a single user-friendly platform.

8. Dadedaleam - The organisation deals with autonomous piloting systems for aircraft.

Based in - Zurich, Switzerland
Total funding -USD 72.5 million
Founding Year - 2016
Founders - Luuk van Dijk, Anna Chernova
The Latest round of funding and amount- USD 2.6 million in Grant
Investors in the latest round - Innosuisse
Date of latest funding - April 28, 2022
Purpose of the company- software for pilotless, safe, fast, quiet, clean and affordable air transportation

In order to demonstrate capabilities on a path to certification for airworthiness, Daedalean introduces the first-ever machine-learning-based avionics in an onboard visual awareness system to the market.

9. PriceHubble - The company offers a platform for data-driven, comprehensible AI-driven real estate appraisals and insights.

Based in - Zurich, Switzerland
Total funding - USD 34 million
Founding Year - 2016
Founders - Markus Stadler, Olivier Bachem, Stefan A Heitmann
The Latest round of funding and amount- Undisclosed amount in Non-equity assistance
Investors in latest funding- Startupbootcamp Scale Osaka
Date of latest funding round- Dec 20, 2021
Purpose of the company - Development and application of intelligent robot systems

PriceHubble creates cutting-edge digital solutions for the real estate sector based on property appraisals and market intelligence. PriceHubble's product suite uses big data, advanced analytics, and excellent visualisation to increase market transparency and allow customers to make real estate and investment decisions based on the most accurate data-driven insights (such as valuations, market analyses, value forecasts, or building simulations).

10. AlpsenTek - The business is working on developing sensors and algorithms for machine vision.

Based in - Zurich, Switzerland
Total funding- CHF 210 million
Founding Year- 2019
Founders - Jian Deng
The Latest round of funding and amount- CHF 190 million in Series A
Investors in the latest funding - -Zero2IPO ventures, Cowin Capital, Lenovo Capital and Incubator, Glory Ventures, Oppo, Sunny V Fund, ArcSoft Corp, Shenzhen Angel FOF
Date of the latest funding - June 6, 2022
Purpose of the company- Researches and develops machine vision sensors and algorithms.

Based on the team's considerable experience in vision sensors, SoCs, imaging signal processing, and other areas, the business has created a machine vision imager with an original pixel structural design as well as a full solution encompassing modules, algorithms, and systems. Numerous industries, including autopilot, robotics, consumer electronics, surveillance, industrial monitoring, and detection, will find extensive use for its products.

Top Artificial Intelligence Startups in Austria

11. MOSTLY AI - The company is a pioneer in structured synthetic data.

Based in - Wein, Austria
Total funding - USD 31.1 million
Founding Year- 2017
Founders- Klaudius Kalcher, Michael Platzer, Roland Boubela
The Latest round of funding and amount- USD 25 million in Series B
Investors in the latest funding- Earlybird Venture Capital, Molten Ventures, Citi Ventures, 42Cap
Date of latest funding- Jan 11, 2022
Purpose of the company- Creation of synthetic data for AI model development and software testing.

Except for the original personal data points, MOSTLY AI’s synthetic data sets look just as real as a company’s original customer data with just as many details. It helps companies comply with privacy protection regulations such as GDPR, andensuring models are fair and unbiased

12. Prewave - The company offers a platform for data-driven, comprehensible AI-driven real estate appraisals and insights.

Based in - Vienna, Wien, Austria
Total funding- EUR 29 million
Founding Year - 2017
Founders - Harald Nitschinger, Lisa Smith
The Latest round of funding and amount- EUR 18 million in Series A
The Latest round of funding and amount- EUR 18 million in Series A
Date of latest funding - May 9, 2023
Purpose of the funding - Supply Chain Risk Intelligence. Supplier monitoring for purchasing, supply chain and sustainability managers

PreWave is a risk management solution for the supply chain. Prewave is a special supply chain management software since it combines Tier-N transparency, supplier mapping, ESG criteria, and compliance with due diligence requirements. Obtain sustainability, openness, and resilience right away.

13. Blackshark.ai - It is a 3D digital replica of Earth powered by artificial intelligence and satellite data

Based in -Graz, Steiermark, Austria
Total funding - USD 20 million
Founding Year - 2020
Founders- Brad Young, Michael Putz, Thomas Richter
Investors in latest funding - Makar Technologies
infrastructure from current satellite and aerial imagery via machine learning at global scale.
Date of latest funding round- Dec 20, 2021
Purpose of the company - Development and application of intelligent robot systems

By taking data from satellite pictures and reconstructing discovered properties in photorealistic 3D entirely autonomously, Blackshark.ai offers a 3D digital twin of Earth. The Blackshark platform's core is built using scalable artificial intelligence, which locates features quickly and accurately everywhere on the planet.

14. Finmatics - It is an artificial intelligence programme that automates the tasks that accounting service providers perform

Based in - Wein, Austria
Total funding - EUR 10.7 million
Founding Year- 2017
Founders - Christoph Prieler, Patrick Sagmeister, Ulrich Tröller
The Latest round of funding and amount- EUR 6 million in Series A
Investors in the latest funding- Mangrove Capital Ventures, eQventurss
Date of latest funding round- Mar 15 2023
Purpose of the company- Automates repetitive task in accounting with AI-based software

Finmatics automates the tasks that accounting service providers perform. By scrutinising the actions of human accountants, it adjusts itself to the particular accountancy needs of businesses, sectors, and nations.

15. Contextflow - The company supports Radiologists using its AI imaging technology as they go about their regular clinical duties.

Based in - Wein, Austria
Total funding - EUR 6.7 million
Founding Year - Jun 2016
Founders - Allan Hanbury, Georg Langs, Markus Holzer, Rene Donner
The Latest round of funding and amount- EUR 2 million in Series A
Investors in the latest funding- APEX Ventures, Peak Pride
Date of latest funding round- Sept 2021
Purpose of the company - 3D image-based search engine for radiologists looks for regions of interest within images

With the aid of deep learning, contextflow transforms the way that doctors find medical information. Their 3D image-based search engine for radiologists searches for regions of interest within images (currently 18+ patterns in lung CTs); when a suspicious pattern is found, it immediately finds visually similar cases, descriptions, and pertinent reference information, giving doctors quick access to knowledge that is currently concealed in large medical image data and their associated report.

Conclusion

Startups focused on artificial intelligence are leading a technological revolution that might significantly alter many facets of our life. Startups in the artificial intelligence industry confront a number of difficulties, including the issue of acquiring enormous amounts of data and the lack of qualified specialists.

However, utilising artificial intelligence wisely can be a boon for the community.