As the world shifts toward automation and artificial intelligence (AI), startups are increasingly developing innovative products to meet the needs of businesses (hopefully not replacing us hard workers), consumers, investors, and entrepreneurs. In 2024, we’ll see much more AI progress in industries such as healthcare, retail, finance, and transportation.

If you’re looking for an edge as a business leader or interested in staying on top of what’s happening in the world of tech investment opportunities—you need to know about these top AI startups!

From robotic process automation tools to voice recognition software capable of real-time customer service, each one offers something unique that can provide advantages over traditional methods.

What Exactly Are AI Startups?

AI startups are businesses that utilize artificial intelligence technologies to create inventive products, services, or platforms (no, they’re not made by AI). These startups typically concentrate on addressing intricate challenges or enhancing effectiveness across different industries through AI.

They can operate in many important sectors like healthcare, finance, transportation, retail, and more (yes, they can do the work for you).

The utilized AI technology by these startups can vary from machine learning (where computers acquire knowledge from data without explicit programming) to natural language processing (enabling computers to comprehend human language) or computer vision (enabling machines to interpret and understand visual information).

Our Standards for Choosing the Top AI Startups

Instead of relying on luck or speculation, we used a methodical approach to find the most promising AI startups of 2024:

Innovation and Technological Advancements

Our assessment began by closely (yes, closely!) examining the innovations offered by each startup. We evaluated the uniqueness and novelty of their AI technologies and solutions.

This involved exploring breakthroughs in machine learning algorithms, cutting-edge natural language processing capabilities, and inventive approaches to computer vision (these are not just fancy words). Our focus was on companies pushing the boundaries of AI’s potential.

Real-World Applications

Innovation alone is not sufficient; it must be applied to practical challenges. Our assessment took into account the use of AI technologies to address genuine issues in many industries (useless startups can pack their bags).

We took into account uses in logistics, cybersecurity, banking, healthcare, and other fields. Startups that were having an actual impact in these industries stood out.

Market Growth and Traction

The market traction and growth of a startup are important indicators of its potential. Startups demonstrating scalability and a strong market presence received higher rankings.

The AI community is booming, and the largest companies in the world are investing billions of dollars into the market. Las Vegas has become a desirable destination for some of these AI startups, attracting the likes of Elon Musk and more.

Although California continues to dominate the space, more and more companies are venturing out and establishing in Las Vegas.

Team Expertise and Leadership

Behind every successful startup lies a talented (hopefully) and visionary team. We evaluated the expertise and experience of each startup’s leadership, including the backgrounds of the founders and the diversity within the team (scammers be gone!). Track records in AI and related fields were taken into account.

Ethical and Responsible AI

Ethical considerations are of utmost importance in the AI landscape. We evaluated how startups address ethical concerns concerning AI (if they plan on robots replacing us humans), including fairness, transparency, and privacy. Companies prioritizing responsible AI development received additional ranking points.

Funding and Investment

While funding alone is not an indicator of success, it can reflect investor confidence. We considered the level of funding each startup (but it was not crucial) had received and the caliber of investors backing them.

Possibility of Disruption

Finally, we evaluated each startup’s potential to upend its specific sector or market. We looked for businesses (some familiar to you) that might use AI-driven innovations to change markets and open up new opportunities.

Top AI Startups You Need to Know About

OpenAI

• Location: San Francisco, California, USA
• Founders: Greg Brockman, Ilya Sutskever, Sam Altman, Wojciech Zaremba, Elon Musk
• Founded in: 2015
• Funding: $11.3B

This startup was founded way back in December 2015, but it only recently took over the world, and we’re not even exaggerating.

OpenAI is renowned for its revolutionary language models like GPT-3 (you’ve probably used it yourself), which possess the ability to comprehend and produce human-like text. These models are used in a variety of fields, such as language translation, chatbots, and content creation.

Additionally, OpenAI emphasizes (or at least it claims to do so) the importance of ethical issues in the development of AI. It promotes ethical AI practices, concentrating especially on eliminating bias and privacy issues and assuring the socially advantageous usage of AI technologies.

OpenAI has grown to become a powerful player in AI research and development as a result of the backing it has received from notable investors and partners over time. OpenAI continues to be at the forefront of innovation and the promotion of AI for the benefit of everyone as AI continues to visibly change and reshape our world.

Jasper

• Location: Austin, Texas, USA
• Founders: Chris Hull, Dave Rogenmoser, John Philip Morgan
• Founded in: 2021
• Funding: $131M

The next one on our list is Jasper AI startup, and we really wanted to put it in first place. The flagship product, Jasper, an AI writing assistant (another one on our list), exemplifies the company’s commitment to pushing the boundaries of AI capabilities.

Established in 2021, Jasper AI has made remarkable progress in natural language processing and generation. The AI writing assistant provides users with a robust tool to create top-notch content, spanning social media posts, blog articles, professional reports, and creative stories.

It makes it possible to browse the web in real-time (something that ChatGPT cannot do) and acquire the most recent data and insights, producing material that is interesting, accurate, and useful.

Despite being a new firm, Jasper AI has already had a significant impact on the field of artificial intelligence (try it and see how crazy it gets). With praise for their intelligence and effectiveness, its proprietary AI models have raised the bar for subsequent developments in the field.

The secret to Jasper AI’s success is its unwavering commitment to both user delight (they really know what customers want) and technological progress. To stay at the forefront of the rapidly developing field of artificial intelligence, the startup continuously improves (it even includes references in its text) and refines its AI capabilities. Jasper AI’s innovative work revolutionizes human engagement with and use of AI technology in addition to shaping the future of content creation.

Moveworks

• Location: Mountain View, California
• Founders: Bhavin Shah, Jiang Chen, Vaibhav Nivargi, Varun Singh
• Founded In: 2016
• Funding: $305M

With a primary focus on improving the workplace environment, Moveworks is revolutionizing the way companies interact with their staff. It has created a platform that efficiently meets the demands of employees from beginning to end by leveraging technologies like natural language understanding (NLU), conversational AI, and probabilistic machine learning.

One of the standout features of Moveworks is its ability to efficiently address common workplace issues (until robots decide to get rid of us). The platform’s AI-powered features guarantee that employees receive timely and accurate support, whether it’s for answering common questions or streamlining complicated procedures like document approvals.

It can help, for instance, when allowing software access or allocating document approvals to the right people.

Moveworks provides more assistance than just IT support; the platform also provides technical support and HR advice (HR managers take notes). This all-encompassing strategy guarantees that workers have access to a trustworthy, AI-driven resource they can rely on for a range of workplace-related questions and difficulties.

Moveworks emerges as a game-changer, helping businesses to nurture higher employee engagement and productivity using the power of AI at a time when organizations value a happy and well-supported staff more than ever.

GoodVision

• Location: London, United Kingdom
• Founders: Daniel Stofan, Lukas Hruby
• Founded In: 2017
• Funding: $1.03M

GoodVision tackles a vital challenge faced by local transport planners and city integrators: the lack of essential data for informed decision-making (yes, we lack that data in 2023).

GoodVision has created an all-in-one platform that streamlines data gathering and analysis for traffic surveyors and allied professions, greatly lowering research work to enhance urban mobility (or immobility if you live in New York), road safety, and traffic congestion.

GoodVision uses AI to analyze traffic using information from drones and traffic cameras (now we’re talking ‘futuristic’). This innovative method equips logistics officials with the knowledge, thorough analytics, and practical advice they need to manage traffic efficiently.

A key offering from GoodVision is their flagship solution, the Video Insights platform. By automating tedious data processing tasks, it saves traffic professionals an impressive 95% of their time. This enables them to focus on developing cutting-edge traffic solutions that can transform urban transportation and raise the standard of living in cities all over the world.

Dataiku

• Location: New York, New York
• Founders: Clément Stenac, Florian Douetteau, Marc Batty, Thomas Cabrol
• Founded In: 2013
• Funding: $646.8M

Dataiku envisions a world where all companies, regardless of size, can leverage organized data’s power to fuel innovation and tackle complex challenges. Dataiku has been leading the charge to democratize data since its founding in 2013 and has done so by working with numerous sectors.

The creation of “Everyday AI,” a ground-breaking idea (with a simple but powerful name) changing company processes, is an example of their commitment to this objective.

In 2021, Dataiku achieved a critical milestone by securing $400 million in funding, greatly advancing the development of Everyday AI and its potential to revolutionize organizations all around the world.

At its core, Dataiku provides an extensive, enterprise-scale AI platform that enables tech-savvy developers and data analysts to build specialized AI solutions and apps specifically catered to their business requirements.

Dataiku offers a flexible workbench for creating customized AI solutions, in contrast to one-size-fits-all methods. The platform incorporates crucial resources like training, toolboxes, and sandboxes to make the creation of AI-driven solutions.

Remarkably, Dataiku has gained recognition as one of Gartner’s leaders (which is a big deal) in the field of data science and machine learning.

AssemblyAI

• Location: San Francisco, California
• Founders: Dylan Fox
• Founded In: 2017
• Funding: $63.1M

AssemblyAI is an impressive AI startup that’s well-known for its efficient and effective transcription product. This solution utilizes an AI API to quickly convert audio and video files into text, serving a wide range of applications (life made easy).

Because they can easily incorporate the API into a variety of use cases, including summarization, content filtering, and topic recognition, developers strongly regard AssemblyAI as a valued collaborator.

The business places a high priority on giving developers good support by providing in-depth tutorials, extensive changelogs, and full documentation to facilitate an easy integration process.

AssemblyAI’s primary areas of expertise are speech-to-text and natural language processing (NLP) solutions powered by AI. Because of its capabilities, companies of all sizes may instantly evaluate and properly transcribe audio and video content.

For tasks like call center analytics, media transcription, closed captioning, and voice-enabled applications, AssemblyAI is a dependable option.

Notably, AssemblyAI provides alternatives for customization to meet the needs and use cases of many industries. These options, which ensure that AssemblyAI can adapt and perform well in a variety of situations, include language support, speaker identification, and strong data security measures.

Grammarly

• Location: San Francisco, California
• Founders: Max Lytvyn, Alex Shevchenko, Dmytro Lider
• Founded In: 2009
• Funding: $400M

Grammarly is a ground-breaking firm that was founded in 2009 and has completely changed written communication in the digital age. The goal of Grammarly’s cutting-edge AI-powered platform is to help people successfully improve their communication abilities.

At its core, Grammarly is a flexible writing assistant that offers users all over the world context-sensitive suggestions and corrections in real-time. Grammarly’s algorithms work relentlessly to make sure your writing is clear, concise, and error-free, whether you’re working on a professional email, creative material, or academic tasks.

With its ever-growing user base, Grammarly has become a global phenomenon, seamlessly integrating into web browsers, word processors, and mobile devices. This ensures that users can access Grammarly’s invaluable assistance wherever they write.

Moreover, Grammarly has expanded its reach into the business and education sectors, providing tailored solutions to help organizations and institutions elevate their written communication standards.

Linguix

• Location: Miami, Florida
• Founders: Alexander Lashkov, Eugene Godov, Vitaly Kukharenko
• Founded In: 2018
• Funding: $1M

Linguix is another AI platform set to revolutionize the world of writing assistance (it won’t do the job for you, though). In a world where effective communication is vital, Linguix aims to provide writers with an exceptional tool to improve their skills.

Similar to Grammarly, Linguix utilizes AI to offer real-time suggestions, going beyond grammar and spelling. By offering insights to improve clarity, conciseness, engagement, and style, it elevates writing refinement to a new level. It does more than just fix mistakes—it also makes writing more compelling and effective.

Linguix offers a variety of integration solutions because it’s aware of the various needs of its consumers. Linguix effectively incorporates its aid into writers’ preferred workflows, whether it’s a browser extension, mobile app, or web editor.

The dedication of this firm to providing AI-driven tools for writers reflects the rising need for accuracy and perfection in written communication. Linguix will significantly affect the improvement of writing quality in a variety of fields, including academics, business, and creativity, as it develops and grows.

Tempus

• Location: Chicago, Illinois
• Founders: Eric Lefkofsky
• Founded In: 2015
• Funding: $1.1 Billion

Tempus, a pioneer startup, is positioned to revolutionize the healthcare landscape with its data-centric approach (data will heal us all). This startup wants to improve the standard of medical testing, clinical trials, and patient care by using artificial intelligence mixed with research data.

The innovation of Tempus is based on its extensive network of reputable institutions, which includes Academic Medical Centers, oncologists, cancer pharmaceutical firms, and biopharmaceutical corporations.

This cooperative effort makes it possible to gather priceless data, yielding a plethora of insights that can benefit medical decision-making, drug research, and patient therapy.

Tempus has access to 50 petabytes of data (that’s so big you probably never even heard about it), making it one of the largest medical libraries in the world. Clinicians may now make better decisions based on a complete understanding of the distinctive characteristics of each patient thanks to the abundance of data accessible.

Significantly, 40% of U.S. oncologists have formed agreements with the business, demonstrating Tempus’s influence across the medical community. By offering the essential tools and resources to advance data-driven research in the field of oncology and beyond, Tempus is demonstrating the trust and value it brings to the table.

Tempus is a ray of hope for the future of healthcare as it grows and improves its data-centric solutions (ideally with global application).

Abnormal Security

• Location: San Francisco, California
• Founders: Evan Reiser, Sanjay Jeyakumar
• Founded In: 2018
• Funding: $74M

Abnormal Security is a forward-thinking email security startup (yes, your email needs security, too) that utilizes artificial intelligence to deliver robust protection against targeted email attacks.

Abnormal Security’s software has the unique capacity to forecast and identify fraudulent emails (no, you didn’t win one million dollars) with exceptional accuracy, thanks to the use of sophisticated behavioral profiling and AI algorithms.

Abnormal Security’s main objective is to protect enterprises from the rapidly changing world of email-based threats. The platform identifies and reduces risks through ongoing monitoring and analysis, enabling businesses to function securely and confidently in the digital age.

In an era where email attacks are increasingly sophisticated and deceptive (don’t click on suspicious links!), Abnormal Security’s AI-powered solution takes a proactive approach to defense. The startup contributes much to the cybersecurity ecosystem by foreseeing and stopping threats before they do harm.

Uizard

• Location: Copenhagen, Denmark
• Founders: Florian van Schreven, Henrik Haugbølle, Ioannis Sintos, Tony Beltramelli
• Founded In: 2018
• Funding: $18.6M

With its cutting-edge AI design helper, Uizard is transforming the design industry. For professionals ranging from entrepreneurs and marketers to engineers, this cutting-edge platform is a game-changer for bridging the gap between their ideas and developing digital solutions.

Sounds fancy, but how does it work? Uizard (can you see the wordplay?) simplifies the traditionally complex process of creating mobile and web mockup apps, making it accessible to individuals regardless of their design or technical background.

Powered by proprietary machine learning algorithms, Uizard’s technology transforms sketches and wireframes into functional code and polished designs, drastically reducing the time and effort required to build prototypes for websites and mobile apps. This frees users from the limitations of traditional design workflows.

What sets Uizard apart is its user-focused approach, empowering individuals to effortlessly create responsive and customizable designs. These designs not only have beautiful visual appeal, but they also improve user experience. The site also makes it simple to collaborate by letting users show off and test out their ideas with interested parties.

SoundHound

• Location: Santa Clara, California
• Founders: James Hom, Keyvan Mohajer, Majid Emami
• Founded In: 2005
• Funding: $326M

SoundHound is another great leader in a voice-enabled AI revolution. Their advanced AI technologies empower developers and business owners to control their brand image through voice interaction.

Sound the same as some other startups? Wrong! This AI platform boasts the world’s fastest speech recognition, setting new standards for seamless voice interactions. Houndify’s versatility includes a voice search and assistant app called Hound.

This app incorporates SoundHound’s “Speech-to-Meaning” and “Deep Meaning Understanding” technologies, revolutionizing voice-based user experiences.

SoundHound’s solutions show the possibilities of AI-driven voice technologies in a voice-centric digital future. They allow companies to interact with their audiences in novel ways, enhancing brand loyalty and providing first-rate customer service.

Arrow

• Location: San Francisco, California
• Founders: Rolan Reichel, Pablo Munoz De Cote
• Founded In: 2018
• Funding: $500,000

Arrow is another startup coming from California and making its way to our top AI startups list. This B2B SaaS platform uses artificial intelligence to streamline and enhance the creation and management of social media content.

Fundamentally, Arrow is a game-changer for working professionals who want to keep up a strong online presence without having to spend a lot of time developing material. The platform has a wide range of intriguing features, such as a collection of pre-written pieces, channels for original content, and specialized user success managers.

The goal of Arrow is to enable professionals to easily curate and publish interesting material with their audience that connects with them, encourages development in their social media following, and creates a reliable online presence.

Arrow’s creative approach is a welcome choice for companies trying to stay ahead in the social media scene in a world where digital presence is essential.

Riskified

• Location: New York, New York
• Founders: Assaf Feldman, Eido Gal
• Founded In: 2012
• Funding: $228.7M

At its core, Riskified aims to create a seamless and secure shopping experience for merchants and customers alike. By removing barriers and providing an excellent user experience, Riskified revolutionizes the checkout process with cutting-edge AI technology.

This innovative strategy not only improves conversion rates for e-commerce websites but also fosters client satisfaction, loyalty, and trust.

However, Riskified goes beyond simplifying checkouts. With its machine learning models analyzing a vast database of over 1 billion transactions, Riskified effectively combats fraudulent activities.

By swiftly identifying and preventing fraudulent attacks, Riskified provides genuine shoppers with peace of mind while navigating e-commerce platforms (fake buyers, don’t get our hopes up!).

We hope that Riskified succeeds in its mission to make e-commerce fraud a thing of the past.

RAD AI

• Location: Santa Monica, California
• Founders: Jeremy Barnett
• Founded In: 2018
• Funding: $4M

RAD AI revolutionizes the marketing and branding industry with its innovative integration of artificial intelligence. The company’s approach prioritizes empathy, placing human understanding at the forefront of marketing campaigns (now AI is coming for all marketers).

The ability of RAD AI to use AI to assess and produce marketing concepts, direct campaign activation, and establish beneficial feedback loops sets it apart. By infusing campaigns with AI-driven intelligence, RAD AI guarantees that marketing efforts are not only effective but also deeply human-centered.

RAD’s empathy-first strategy (unlike some human-made strategies) resonates with audiences, allowing brands to form a profound connection with consumers. It goes beyond data and metrics—it’s about comprehending and engaging with people’s emotions and needs.

Bearing

• Location: Palo Alto, California
• Founders: Dylan Keil
• Founded In: 2019
• Funding: $3 Million

Sailing through the vast oceans and tracking cargo shipments has always been a monumental task filled with intricacies. But Bearing has accepted this historical challenge (they probably feel like Vikings now) and revolutionized this difficult task by utilizing the capability of AI.

The vast scope and unpredictable nature of the maritime environment make it challenging to track freight movements across the ocean. In addition to dealing with a complicated global logistics network and changing weather conditions, ships must negotiate vast open waters.

This complex ballet of ships at sea (sounds poetic, but it’s a real problem) poses logistical puzzles that have historically been challenging to overcome.

The genius of Bearing is in how it approaches these issues using AI. The startup offers more precise predictions about vessel performance, thanks to AI systems. These forecasts give shippers access to real-time information about the whereabouts and condition of their cargo, empowering them to act quickly and wisely.

nate

• Location: New York, New York
• Founders: Albert Saniger
• Founded In: 2018
• Funding: $47.3M

Nate, a marvel of artificial intelligence, has become a game-changing force in the world of online shopping. This cutting-edge app provides a ground-breaking idea that streamlines the e-commerce process and makes it highly accessible.

Nate truly functions as a vibrant marketplace, offering customers a wide variety of goods (you would be surprised) to peruse and buy. Its capacity to streamline the entire buying process makes it stand out.

Users create their shopping lists, and with a simple click, the nate app takes charge, seamlessly handling checkout and shipping. Users can save significant time and avoid the hassles of traditional online purchasing thanks to this AI-driven efficiency.

But that’s not all—nate takes it a step further to enrich the shopping experience. It gives customers the option of paying for their items in four easy installments because it understands the value of having flexible spending plans.

This payment structure guarantees that consumers may get the products they need without putting a strain on their finances (which is a fancy way of saying “not going broke”), capturing the essence of simplicity and accessibility.

Toggle AI

• Location: New York, New York
• Founders: Armenak Mayalian, Jan Szilagyi
• Founded In: 2019
• Funding: $12.8M

The financial landscape is changing thanks to Toggle AI, making it more open and accessible to anyone looking for opportunities outside of Wall Street.

In a time when data and technology have become crucial factors in financial decision-making, Toggle AI leverages the power of artificial intelligence to democratize the world of investment (making it easier for you to become the wolf of Wall Street).

Toggle AI stands out for its capacity to give users insightful information about promising new firms. The platform gives investors a sophisticated tool to find prospective investment possibilities by employing data analytics and machine learning.

It gives individuals better access to financial trends, market insights, and the ability to make well-informed investment decisions (still takes some brains to do it).

Toggle AI marks a break from conventional investment paradigms, where only a select few enjoyed access to such priceless knowledge. It tries to even the playing field, enabling people from different origins to engage in the worlds of investing and entrepreneurship.

How Far Will AI Have Come in 20 Years?

Artificial intelligence is predicted to experience significant improvements and changes over the next 20 years that will have an impact on many facets of our lives and companies.

One of the most notable changes will involve the enhancement of specialized AI systems, often referred to as narrow AI. These systems will get better and better at doing certain tasks, like data analysis, picture recognition, and natural language processing.

AI is expected to have a disruptive impact on the healthcare industry, as AI-powered diagnostic tools increase the precision of diagnoses and treatment suggestions. AI-driven research will speed up the drug development process (we see a potential problem here), possibly producing ground-breaking drugs and individualized treatment regimens.

We’ll also likely see a rise in the use of autonomous vehicles, such as self-driving cars (no, these are not just TikTok videos) and transportation systems.

The use of more sophisticated AI-driven educational systems that provide students with tailored learning experiences will have a huge impact on education as well.

Will True AI Ever Exist?

The existence of true AI remains (but hopefully not for long) a debated topic among experts in the field. While not logically impossible, engineering true AI is currently deemed implausible due to our limited understanding of its achievement.

Some proponents argue that once artificial intelligence is developed, it could swiftly surpass human-level intelligence. You must understand the difference between AI and Artificial General Intelligence (AGI), nevertheless. AGI is still a ways off, encompassing comprehension, learning, and applying knowledge across multiple tasks.

Contrarily, some experts speculate that AGI, or what we define as ‘true AI,’ may become a reality by 2050. Others contend that while our existing technological skills permit us to execute tasks and answer questions, they diverge from the idea of true AI.

It’s important to acknowledge that much of what we currently label as AI is actually advanced machine learning and statistics, rather than self-aware, autonomous intelligence. Presently, machines are considered cognitively on par with microbes or insects, but future advancements, such as quantum computing, may alter this.

Final Thoughts

That’s our list of top AI startups you need to know about. OpenAI’s advancements in AGI and startups like Uizard, SoundHound, and RAD AI are revolutionizing various sectors, showcasing the undeniable impact of AI. These companies are driving rapid change, simplifying tasks, transforming e-commerce, and enhancing healthcare.

Tempus, Riskified, and Bearing are reshaping healthcare, cybersecurity, and logistics, while Nate and Toggle AI are making shopping and investing more accessible.

Looking forward, these startups are beacons of innovation that connect AI’s limitless potential with human creativity. We’re sure that investing in these top AI startups or buying their products (you probably use some already) will be a smart thing that will pay off.