The Most Promising AI and ML Software Startups of 2021
1. H20.ai
H20.ai is a California-based startup that provides an open-source platform for businesses to create and utilize AI and ML algorithms. Founded in 2012, the company has continued to broaden its offerings, including H20 Deep Learning, AutoML, Streamlit, and Driverless AI. H20.ai has raised nearly $147 million to date.
2. Xnor.ai
Another AI-based startup, Xnor.ai, offers edge AI services that enable companies to develop AI models on devices with low power consumption. This means that AI can be utilized in small appliances where power consumption is limited. Xnor.ai was acquired by Apple in 2020, demonstrating the immense potential of the startup in the AI industry.
3. DataRobot
DataRobot is a fully-automated, cloud-based platform that assists businesses in constructing and managing models for AI and ML. The platform provides assistance throughout the ML cycle, starting with designing the model to deployment and maintenance. DataRobot was valued at $2.7 billion after its latest round of funding.
4. CrowdStrike
CrowdStrike provides cloud-based endpoint protection and management services, utilizing AI and ML algorithms to secure endpoints and fight off cyberattacks. This startup has enjoyed a successful and transformative year, gaining over 9000 new subscription customers, and beating expectations in its Q3 results, with revenue reaching $216 million.
5. Dataiku
Dataiku allows businesses to build data pipelines for AI and ML models with an easy-to-use interface. The platform incorporates pre-built models and workflow automation, allowing teams to tackle complex data sets without needing a technical background in programming. Propelled by a $100 million funding round, Dataiku has recently become a unicorn.
6. Suki.AI
Suki.AI is an AI-driven, voice-enabled, digital assistant that helps physicians to navigate through patient notes. Most doctors have to spend hours typing, dictating, and proofreading notes every day, but with Suki.AI, they can simply talk to the application, saving time and lowering medical errors. The application has had a profound effect on medical practices, reducing note-taking time by 76%.
7. Freenome
Freenome is revolutionizing the medical industry by using AI and ML to detect early signs of cancer using simple blood tests. With over $500 million in funding, the startup has the potential to save numerous lives through its innovative approach to diagnosing cancer.
8. Aurora Labs
Aurora Labs utilizes AI to detect and predict maintenance issues for vehicles, allowing car manufacturers to reduce downtime while increasing the safety of cars on the road. The company has raised $23 million to date and has major car manufacturers as clients.
9. OpenAI
OpenAI is an independent research organization that aims to develop "friendly" AI that benefits society as a whole. The organization has made enormous strides in developing GPT-3, the most advanced language model to date.
10. Deep Lens
Deep Lens is a startup that provides an AI-based platform for faster cancer diagnosis. The platform utilizes computer vision and AI algorithms to identify potential patients and coordinate clinical research into new treatments for cancer.
Conclusion
The AI and ML software startups mentioned above represent the most promising and innovative technological advancements in the industry. From healthcare to cybersecurity and finance, these startups are reshaping the world, transforming how businesses operate and changing how we approach different aspects of our lives. As we continue to see the impact of AI and ML, it is exciting to envision what the future holds for these startups, and what they may achieve in the coming years.