More than ever before, the world is experiencing revolutionary breakthroughs in artificial intelligence as almost every major tech companies are dedicating their time and resources to AI development.
For starters, AI startups are simply startups that do business by using technologies that mimic human intelligence. Hence, artificial intelligence, AI. AI startups, like most startups, are capital intensive and, as such, require huge capital investment to survive and thrive.
In this article, we would be looking at the top AI startups, which have successfully kept brand promises and mounded funds from investors.
Here are ten top-funded AI startups in the world with funding of $100M and above.
Established in the year 2009 by Eric Breon Vacasa is a vacation home company that focuses on simplifying the process of renting out a vacation home. With over 14000 vacation homes across the United States, Central, and South America, Europe, and South Africa, Vacasa uses AI strategies to provide a better experience for their customers all over the world.
The company raised up to $319M from a Series C round on October 29, 2019.
Samsara is the leader in the industrial internet of Things (IoT). Her mission is to increase the efficiency, safety, and sustainability of the operations that power today’s economy. The company was founded in 2015 by Sanjit Biswas and John Bicket, with its headquarters located in San Francisco with branches in San Jose, Atlanta, and London.
Today, over 15,000 businesses around the world use Samsara to lower fuel consumption, prevent accidents, automate manual processes, and improve product quality. Samsara has over 15,000 customers worldwide and has snagged investors like Andreessen Horowitz, General Catalyst, Tiger global, and Dragoneer.
Samsara believes that inexpensive wireless data, AI, and an explosion in camera technology have made it super easy for organizations of all types to gather data in ways not so possible before. Samsara raised $300M from the Series F round in September 2019.
Trip Action is the modern power to manage business travel. It is a travel platform that takes care of businesses and travelers. Trip Action ensures traveler safety, keeps traveling employee informed, accesses real-time data insights, understands the financial impacts, and implements travel program and policy changes.
Trip Action was born in 2015 by Ariel Cohen and Ilan Twig. The company has about 4,000 corporate customers, over 900 employees across 8 offices, and operates in 4 different countries. Trip Action has landed investors such as Andreessen Horowitz, Lightspeed, Group 11, among several others. As of June 2019, the company has successfully raised a whopping sum of $250M from a 4th round.
ThoughtSpot believes that the world would be a better place if everyone had easier access to facts. So, ThoughtSpot exists to create a more fact-driven world. It was founded by Ajeet Singh and Amit Prakash. And the company’s investors are Lightspeed, Khosla Ventures, General Catalyst Partners, HP, Capital one, Sapphire ventures, and other private equity investors like Lane Bess, Frank Slootman, Aaron Levie, Mark Leslie, and Dheeraj Pandey.
ThoughtSpot has been used by several business intelligence teams to make different business decisions. In August 2019, the company raised $248M from the series E round.
CloudMinds operate smart robots for her clients. The company connects robots and smart devices over a secure Virtual Backbone Network (VBNs) to cloud artificial intelligence. CloudMinds is simply one hell of an efficient Open End- to- End Cloud Robot system.
CloudMinds can make Robots as smart as a human by using a cloud brain. So, the company’s vision is to provide helpful humanoid robots affordable for homes by 2025. Isn’t that amazing? The company’s operations span six continents to support 25 countries. CloudMinds has key functions distributed internationally, including major offices in mainland China and Taiwan.
CloudMinds was founded by Bill Huang in 2015 and raised the total amount of $186M from the second series round by February 2019.
Icertis simply goes beyond contract management while staying out in front, now and into the future. The idea is to be the world’s contract intelligence platform, which would transform the foundation of commerce.
Icertis was founded by Samir Bodas and Monish Darda. Today, the world’s most iconic brands and disruptive innovators believe in the Icertis brand promise because it has been fully kept in over 7.5 million contracts worth more than $1trillion in more than 40 languages and over 90 countries of the world. The partners of Icertis include Adobe, Cloud Moyo, Cognizant, Deloitte, DocuSign, Elevate, Infosys, Kpit, Mainspring, Microsoft, Pros, PWC, Salesforce, SAP, Thomson Reuters, Whatfix, Wipro, Workday, to mention but a few.
AutoX is an AI industry that offers aims to create universal access to drivers for the people. To achieve this, the company offers AI drivers. AutoX has its headquarters in San Francisco Bay Area, Silicon Valley, and West Coast.
In 2019, AutoX raised $100M from a series A round; after a series B round, it’s total funding currently stands at $160M.
SparkCognition was founded by Amir Husain to build artificial intelligence systems to advance society’s most important interests. Defense and cybersecurity are part of the main focus of the company. The company has a product that uses AI to protect against different security threats.
They have been able to partner with Global HITSS, Google Cloud, Osi soft, IBM, Deloitte, the Quincy Group, and a host of others. SparkCognition is the producer of Darwin, DeepArmor, DeepNLP, and SparkPredict. SparkCognition raised a total of $100M from a Series C round by October 8, 2019, according to Forbes.
As their mantra “See threats. Stop breaches” suggest, this startup is cybersecurity on steroids. Vectra records 7M + monitored hosts in about 35 countries with 95 percent customer retention and 34 patents/ patents pending. Hitesh Sheth is the president and CEO of Vectra and investors include Kholsa ventures, TCV, Accel, IA ventures, Ame Cloud Ventures, DAG Ventures, Wipro ventures, Atlantic Bridge, to mention but a few. Vectra snagged a sum of $100M from the Series E round as of June 10, 2019.
Black Sesame Technologies
This AI startup that has its base in Silicon Valley and Shanghai. The company was founded in 2016 by Johnson Shan and Wilson Liu to create solutions to AI challenges. Black Sesame Technologies offers easier ways of processing and computing images. It specializes in algorithms for smartphones as well as autonomous driving.
Black Sesame Technologies was able to raise $100M from the second round in April 2019.