59+ Rocketing AI Startups & Companies To Watch In 2023
If you buy from a link, we may receive compensation. Learn more about our review guidelines and privacy policy.
Have you ever felt like you’re missing out on the hottest trend in the tech industry?
Like you’re falling behind on the latest innovations and opportunities that are reshaping the world with artificial intelligence?
You’re not alone.
Many people feel the same way.
They want to learn from the best and brightest AI startups, but they don’t know where to start or how to keep up.
They wonder: How do these startups come up with such brilliant ideas?
How do they build and scale their products and services?
How do they attract and retain customers and investors?
How do they make a positive impact on society and the environment?
These are all valid questions, and we’re here to help you answer them.
In this article, we’ll introduce you to some of the top AI startups & companies to watch in 2023.
These are the companies that are leading the way in AI innovation, across different domains and regions.
They have amazing features, achievements, and goals that will inspire you, challenge you, and open your eyes to new possibilities.
Whether you’re an aspiring entrepreneur, a curious learner, or a savvy investor, you’ll find something valuable and interesting in this list.
Let’s get it.
What Are Some AI Startups & Businesses To Watch In 2023?
1. OpenAI
OpenAI is a research organization that aims to create and promote generative artificial intelligence that can benefit humanity without being constrained by profit or control.
OpenAI conducts fundamental and applied research in various domains of AI, such as natural language processing, computer vision, reinforcement learning, generative models, and robotics.
OpenAI also develops and shares open-source tools and platforms for AI development and deployment, such as GPT-4, DALL-E, Codex, and Triton.
| Location | San Francisco |
| Founded | 2015 |
| 1-Year Search Growth | +5900% |
| Employees | ~375 |
2. Jasper AI
The Jasper AI platform is a generative AI tool that assists teams in producing brand-specific content much more quickly, regardless of their location online.
Jasper AI can write copy and content for various purposes, such as social media, advertising, articles, emails, website, and art.
Jasper AI can also brainstorm new ideas, break through writer’s block, and produce content in 26 languages.
| Location | Austin, TX |
| Founded | 2021 |
| 1-Year Search Growth | +1185% |
| Employees | ~204 |
3. Synthesia
Synthesia AI is a video generation platform that uses AI to create videos with realistic avatars, in over 120 languages.
Synthesia AI can transform any text into a video, using templates, a screen recorder, a media library, and other features. Synthesia AI can also create custom avatars using one of its advanced features.
Synthesia AI can help users create videos for various purposes, such as training, marketing, sales, and entertainment.
| Location | London |
| Founded | 2017 |
| 1-Year Search Growth | +1185% |
| Employees | ~152 |
4. Soundful
Soundful AI is a music creation platform that uses AI to generate royalty-free music for various purposes.
Soundful AI can create music from over 50 sub-genres, such as EDM, hip hop, ambient, and Latin.
Soundful AI can also customize music according to the user’s preferences, such as tempo, mood, and instruments. Soundful AI can help users create music for content creation, podcasting, and music production.
| Location | San Diego |
| Founded | 2021 |
| 1-Year Search Growth | +566% |
| Employees | ~21 |
5. Writesonic
Writesonic is a platform that uses AI to create high-quality content, like blog posts, ad copy, and product descriptions, in less time than it would take to do so manually.
They use technology like natural language processing and machine learning algorithms to understand what the user wants, and then generate human-like text with the right tone, style and structure.
Users can edit the generated text to meet their specific needs and get suggestions for improvements.
| Location | San Francisco |
| Founded | 2021 |
| 1-Year Search Growth | +488% |
| Employees | ~16 |
6. D-ID
D-ID is a platform that uses AI to modify images and videos in order to protect privacy.
With this technology, users can easily blur or change features that could identify someone in a photo or video.
D-ID’s technology can be used in many different situations, from sharing sensitive information to media production and social media.
Whether you’re an individual or a business, D-ID can help keep your data safe and your privacy protected.
| Location | Tel Aviv, Israel |
| Founded | 2017 |
| 1-Year Search Growth | +6800% |
| Employees | ~33 |
7. Runway AI
Runway is a video editing platform that utilizes generative artificial intelligence.
Users can input a text prompt and the platform will create short video clips based on the request.
Recently, in April 2023, an IOS app was launched by Runway for faster prompt submission and easier video request uploading.
| Location | New York, NY |
| Founded | 2018 |
| 1-Year Search Growth | +6800% |
| Employees | ~35 |
8. Frame AI
Frame is creating a customer success platform that utilizes advanced artificial intelligence software within a solutions framework to address various customer issues.
Their “Voice of the Customer engine” allows teams to identify customer themes, retention patterns, and convert feedback into relevant data for leadership.
| Location | New York, NY |
| Founded | 2016 |
| 1-Year Search Growth | +109% |
| Employees | ~18 |
9. Midjourney
To use Midjourney, an AI image generator, you need to join its Discord channel.
Currently, more than 15 million users are creating art with Midjourney.
The recently released 5.1 update has enhanced image quality and introduced new AI art features.
| Location | San Francisco |
| Founded | 2022 |
| 1-Year Search Growth | +5900% |
| Employees | ~20 |
10. Anyword
Anyword is a startup that offers a platform for generating AI content such as blog posts, ads, and emails using natural language processing.
The platform can also be customized to match a specific company’s brand voice.
As of April 2023, Anyword has garnered 1 million users.
| Location | New York, NY |
| Founded | 2013 |
| 1-Year Search Growth | +100% |
| Employees | ~302 |
11. Perplexity AI
Perplexity is a search engine powered by AI that allows users to search through conversational queries.
The startup uses language learning models to answer any follow-up questions.
With a year in operation, Perplexity has attracted 10 million monthly visits and 2 million unique monthly visitors.
| Location | San Francisco |
| Founded | 2022 |
| 1-Year Search Growth | +9000% |
| Employees | ~11 |
12. Hugging Face
Hugging Face is a community of AI developers who work together to create tools.
They have made over 61,000 models and 7,000 datasets available for free, and this helps people build AI models more quickly.
Hugging Face has partnered with ServiceNow Research to launch StarCoder, which is a code-generating tool similar to those offered by GitHub, Amazon, OpenAI, and DeepMind.
| Location | New York, NY |
| Founded | 2016 |
| 1-Year Search Growth | +100% |
| Employees | ~30 |
13. Tome App
Tome is a novel storytelling platform that employs generative AI to help users create impressive presentations.
The platform automatically generates new slides, formats them, and adds visuals, making it easier for users with less design experience.
The drag-and-drop interface is also user-friendly.
| Location | San Francisco |
| Founded | 2020 |
| 1-Year Search Growth | +9400% |
| Employees | ~35 |
14. Chatbase
Chatbase is a chatbot similar to ChatGPT that can be added to any website like a traditional widget.
It allows customers to ask questions and receive immediate answers.
This startup managed to acquire 1,800 paying customers in just three months.
| Location | Toronto, Canada |
| Founded | 2023 |
| 1-Year Search Growth | +4700% |
| Employees | <10 |
15. Stability AI
Stability AI is a company that has created Stable Diffusion, a deep learning text-to-image AI model.
They provide open-source models and APIs that are simple to integrate, allowing developers to utilize their technology easily.
Stability AI is similar to OpenAI, but focused on creating images.
The company makes money by selling access to its DreamStudio APIs.
The recent $101 million seed round valued the company at $1 billion.
| Location | London, England |
| Founded | 2019 |
| 1-Year Search Growth | +1800% |
| Employees | ~145 |
16. Rephrase AI
Rephrase AI is a platform for generating videos from text.
In order to create a video, users can select an avatar and choose their preferred voice, background and provide a text prompt.
Rephrase also allows for exporting videos that can be used in activities such as sales presentations or marketing campaigns.
| Location | San Francisco |
| Founded | 2019 |
| 1-Year Search Growth | +99X+ |
| Employees | ~50 |
17. Inworld AI
Inworld AI is a startup that utilizes artificial intelligence to generate characters for video games.
The characters are capable of imitating human behaviors through the use of natural language processing.
The company raised $50 million in August 2022 and has joined Disney Accelerator, which is a startup incubator program by Disney.
| Location | Mtn. View, CA |
| Founded | 2021 |
| 1-Year Search Growth | +6200% |
| Employees | ~42 |
18. Humata AI
Humata AI is software that works similarly to ChatGPT but for your computer files.
It can be integrated with your desktop and enables you to ask questions about specific documents.
With Humata, you can get instant answers, summaries of lengthy pages, and even generate new content.
| Location | Austin, TX |
| Founded | 2022 |
| 1-Year Search Growth | +99X+ |
| Employees | ~10 |
19. Promptbase
Promptbase is a platform that works like eBay but for generative AI purposes.
The advanced AI tools, namely ChatGPT, Midjourney, and Stable Diffusion, allow customers to purchase and sell prompts for generating predictive results.
Promptbase charges a 20% commission on all sales made through the platform.
| Location | London, England |
| Founded | 2022 |
| 1-Year Search Growth | +8600% |
| Employees | ~10 |
Top AI Startups Deep Dive
Healthcare Innovators
Imagine a world where AI-driven healthcare solutions improve patient outcomes and reduce delays in treatment. Well, you don’t have to imagine anymore, because healthcare innovators like Viz.ai, Tempus, and Ocrolus are making this a reality. Viz.ai, for instance, has been named to the Forbes 2021 Next Billion Dollar Startups list and boasts one of the world’s largest libraries of molecular and clinical data.
These trailblazing companies are harnessing the power of AI to revolutionize healthcare in ways we never thought possible. By leveraging AI, these healthcare innovators are not only improving patient outcomes, but are also making significant strides in reducing systemic delays that stand between patients and life-saving treatments.
From accelerating care coordination with Viz.ai to bringing life-saving treatments to patients faster with Deep 6 AI, these AI startups are at the forefront of a healthcare revolution that promises to transform the industry and improve countless lives.
Financial Services Disruptors
The financial services industry is no stranger to the transformative power of AI. Disruptors like Accubits, Databricks, and Capacity are leveraging AI to automate processes, provide insights, and revolutionize the way businesses operate. Take Dataiku, for example – an AI business leader in democratized data that raised $400 million in funding in 2021. These financial services disruptors are not only shaking up the industry, but also paving the way for a new era of financial innovation.
From Ascent’s regulatory compliance software boasting an impressive 99.5% accuracy rate in its regulatory obligation data sets to Riskified’s AI-powered platform streamlining the checkout process and stopping fraud attacks, these financial services disruptors are harnessing the power of AI to tackle some of the industry’s biggest challenges. By doing so, they are creating a more efficient and secure financial landscape for businesses and consumers alike.
Transportation Trailblazers
When it comes to transportation, AI startups are shifting gears and accelerating the development of autonomous vehicles and intelligent systems for safety. Companies like AEye, Shield AI, and Landing AI are at the forefront of this transportation revolution, creating LiDAR technologies and deploying AI in groundbreaking ways. Just look at AEye, founded by Luis Dussan and Blair LaCorte, which is creating smart autonomous vehicles using AI-powered LiDAR technology.
Beyond autonomous vehicles, AI startups are also developing innovative solutions for military applications, such as Shield AI, and providing deployment-ready AI solutions for customers worldwide, like Landing AI. These transportation trailblazers are not only driving progress in the industry, but are also paving the way for a safer and more efficient future on the roads and beyond.
AI-Powered Platforms for Business
As businesses strive to stay ahead in today’s competitive landscape, AI-powered platforms are proving to be the secret weapon for growth and success. By providing automated solutions for sales enablement, marketing optimization, and customer support, these platforms are helping companies streamline processes, reduce costs, and deliver unparalleled customer experiences.
Let’s delve deeper into how these AI-powered platforms are revolutionizing business growth across various industries.
Sales Enablement Solutions
In the realm of sales enablement, AI-powered platforms like People.ai, Nektar.ai, and Abnormal Security are providing insights to increase revenue and boost business growth. People.ai is an enterprise revenue platform that assists sales, marketing and customer service teams. It can provide the best customer experience by analyzing revenue opportunities. These platforms are empowering businesses to reach new heights in sales performance and customer satisfaction.
Writesonic is an AI-powered platform that helps users generate content quickly and with high quality. It can do the same job in a fraction of the manual time required. By leveraging AI and machine learning, these sales enablement solutions are transforming the way businesses approach sales, allowing them to harness technology for increased efficiency and better results.
Marketing Optimization Tools
When it comes to marketing optimization, AI-powered tools like Writesonic, MindsDB, and Deepgram are helping businesses create personalized content that resonates with their target audience. Writesonic, for example, uses natural language processing (NLP) and machine learning (ML) algorithms to generate high-quality content. These tools are enabling marketers to fine-tune their strategies and deliver content that truly engages and converts.
AI marketing optimization tools also assist with SEO, content creation, and brand language optimization, ensuring that businesses can effectively reach their target audience and deliver the right message. Surfer SEO, Semrush, Phrasee, and GrowthBar are just a few examples of such tools, helping businesses to optimize their marketing efforts and drive better results in an increasingly competitive landscape.
Customer Support Innovations
Customer support plays a crucial role in shaping the overall customer experience, and AI-powered innovations like SupportLogic, DNSFilter, and Observe.AI is automating workflows and improving customer interactions. Take Observe.For instance, this AI-powered platform provides loop agents with feedback to improve customer interactions, and last year it achieved a staggering 426% increase in AI-powered agent evaluations.
These customer support innovations are redefining the way businesses interact with and support their customers. By utilizing AI-powered customer support solutions, businesses can reduce the need for human intervention, increase customer engagement, and provide exciting ways for customers to interact with companies in the way they choose.
As a result, businesses can reap the benefits of improved customer satisfaction and loyalty, ultimately driving growth and success.
AI Research Companies Shaping the Future
The future of AI is being shaped by research companies that are pushing the boundaries of what’s possible. OpenAI, DeepMind, and Vicarious are just a few of the trailblazers working towards creating artificial general intelligence (AGI) – a truly transformative technology that holds the potential to revolutionize countless industries.
Let’s take a closer look at these AI research companies and see what they’re doing to shape the future of AI.
OpenAI
OpenAI, an AI research company with a mission to create AGI that benefits humanity, has made significant strides in the field. With its API serving millions of production requests every day, OpenAI is committed to ensuring that AGI is able to benefit all of humanity.
As they continue to develop and deploy advanced AI technologies, OpenAI is playing a crucial role in shaping the future of AI and its potential impact on our world.
DeepMind
DeepMind, another AI research company with a focus on AGI, has made groundbreaking contributions to the field of AI, such as AlphaGo, AlphaStar, and WaveNet. By pushing the boundaries of deep learning and reinforcement learning, DeepMind has demonstrated the transformative potential of AI technology.
As they continue to explore new applications and advancements in AI, DeepMind is helping to pave the way for a future where AGI becomes a reality.
Vicarious
Vicarious, an AI startup working towards creating AGI, is developing innovative solutions to improve machine learning and robotics. With cutting-edge technology and a recent acquisition by Intrinsic, an AI company at Alphabet, Vicarious is well-positioned to make significant contributions to the AI industry.
As they continue to develop exciting new AI technologies, Vicarious is playing a vital role in shaping the future of AI and its impact on industries around the world.
AI Tools for Personal and Professional Use
AI is not just transforming industries and businesses; it’s also making a significant impact on our personal and professional lives. AI tools for personal and professional use are enabling users to access writing assistance, virtual collaboration, and privacy and security solutions. With these AI-powered tools, individuals and professionals can streamline tasks, enhance productivity, and protect their digital assets.
Let’s explore some of the innovative AI tools that are changing the way we live and work.
Writing Assistance
Writing assistance tools like Synthesia, Uizard, and DeepL are providing real-time feedback and high-quality content to help users improve their writing. Linguix is an AI platform that provides real-time suggestions and helps improve one’s writing. It focuses on enhancing clarity, conciseness, engagement, and style. By leveraging AI and machine learning, these writing assistance tools are transforming the way we approach writing, making it more efficient and effective.
Whether you’re a professional writer, a student, or someone who simply wants to improve their writing, AI-powered writing assistance tools can help you create high-quality content with ease. By providing real-time feedback and suggestions, these tools enable users to refine their writing skills and communicate more effectively, leading to better results in both personal and professional endeavors.
Virtual Collaboration
In today’s fast-paced and increasingly remote work environment, virtual collaboration platforms are more important than ever. AI-powered platforms like Frame AI, Jasper, and Tome are enabling remote teams to collaborate efficiently and effectively. One such platform, Virtual Sapiens, uses AI to monitor performance during a call, analyzing facial expressions to accurately determine performance.
These virtual collaboration tools are revolutionizing the way teams work together, leading to increased productivity and improved communication. As remote work becomes more prevalent, AI-powered virtual collaboration platforms are essential for businesses to maintain effective communication and collaboration among their teams. By automating tasks such as notetaking, transcribing meetings, and analyzing content, these tools are streamlining workflows and ensuring that remote teams can work together seamlessly, no matter where they are located.
Privacy and Security Solutions
In an increasingly digital world, privacy and security are paramount. AI-powered solutions like Soundful, GoodVision, and Atomic AI are protecting users from cyber threats and safeguarding their digital assets. Soundful, for example, is an AI-powered platform that enables businesses to create customized soundtracks for their digital content while maintaining privacy and security. These privacy and security solutions are essential for ensuring the safety of users’ data and digital assets.
As the digital landscape continues to evolve, AI-powered privacy and security solutions are becoming increasingly important. By protecting users from cyber threats and ensuring the safe and secure use of digital assets, these tools are playing a vital role in maintaining the integrity of our digital world. As AI technology advances, we can expect even more innovative privacy and security solutions to emerge, further enhancing the safety and security of our digital lives.
The Global Landscape of AI Startups
The global landscape of AI startups is growing rapidly, with companies making waves in various industries across North America, Europe, and Asia-Pacific. From healthcare innovators in the United States to marketing optimization tools in Europe and financial services disruptors in Asia, the world of AI startups is expanding at an astonishing rate.
Let’s take a closer look at the regional landscape of AI startups and the incredible companies that are driving innovation around the globe.
North America
North America is home to many AI startups, including industry leaders like OpenAI, DeepMind, and Vicarious. The United States, in particular, boasts a thriving AI startup scene, with companies such as Abnormal Security, Adept AI, AlphaSense, Amp Robotics, Anthropic, Cleerly, Dataiku, Descartes Underwriting, InData Labs, Nuro AI, DataRobot, Urbint, ThirdEye Data, Dataminr, Scale AI, and Feedzai making significant strides in AI development and innovation.
Canada and Mexico are also making their mark in the AI startup landscape. Companies like Element AI, Layer 6 AI, and Borealis AI are leading the charge in Canada, while Cognitiva, Apli, and Numen are making waves in Mexico.
With such a strong presence of AI startups across North America, the region is well-positioned to drive innovation and growth in the AI industry.
Europe
Europe has a strong presence of AI startups, with companies such as Synthesia, Uizard, and DeepL making significant contributions to the field. In the United Kingdom, the AI startup scene is thriving, with companies like DeepMind, Babylon, and Graphcore at the forefront of AI innovation. Other European countries like France and Germany also boast an impressive lineup of AI startups, such as Snips, Dataiku, and Sigfox in France, and Celonis, FlixBus, and Kreditech in Germany.
These European AI startups are tackling a variety of challenges and opportunities in industries ranging from healthcare to financial services and transportation. As they continue to innovate and drive technological advancements, Europe is poised to maintain its position as a global leader in the AI startup landscape.
Asia-Pacific
Asia-Pacific is also a hub for AI startups, with companies like Accubits, Databricks, and Capacity leading the way in the region. China, for example, is home to several prominent AI startups, including Bytedance, SenseTime, Megvii, Momenta, and UBTECH Robotics. These companies are making significant strides in AI development and innovation, positioning Asia-Pacific as a growing force in the global AI startup landscape.
As the AI startup landscape continues to expand across the Asia-Pacific region, companies are seizing opportunities to drive innovation and reshape industries. With a strong lineup of startups in various sectors, Asia-Pacific is well on its way to becoming a significant player in the global AI industry.
Challenges and Opportunities for AI Startups
While the potential impact of AI startups on various industries and the world at large is undoubtedly exciting, these companies also face a myriad of challenges and opportunities. From securing funding and investment to navigating ethical considerations and driving market adoption, AI startups must overcome obstacles and capitalize on opportunities to succeed.
Let’s explore the key challenges and opportunities faced by AI startups as they navigate this exciting landscape.
Funding and Investment
Funding and investment are essential for AI startups to grow, with venture capital firms, accelerators, and incubators providing much-needed resources. AI startups can obtain funding from exciting sources such as venture capital, angel investors, crowdfunding, and government grants, with Next Round Capital Partners and The Hive being examples of venture capital firms investing in AI startups.
As AI startups continue to develop their products and services, securing funding and investment will remain a crucial factor in their growth and success.
Ethical Considerations
Ethical considerations are of paramount importance for AI startups, as they must ensure that their products and services are safe, secure, and responsible. This includes addressing potential ethical implications such as privacy, data security, and algorithmic bias.
AI startups should develop and implement ethical AI policies and uphold principles such as human-centered values, fairness, privacy protection, and accountability. By doing so, these startups can ensure the responsible development and deployment of AI technologies.
Market Adoption
Market adoption is key for AI startups to succeed, as they must be able to demonstrate the value of their products to potential customers. The market adoption of AI startups is excitingly influenced by factors such as compatibility, relative advantage, complexity, managerial support, organizational size, managerial capability, organizational readiness, and availability and quality of data.
By addressing these factors and showcasing the benefits of their AI-powered products and services, AI startups can drive market adoption and secure their place in the ever-evolving AI landscape.
Summary
As artificial intelligence continues to transform various industries and domains, the demand for innovative and cutting-edge solutions is growing rapidly.
The AI startups and businesses mentioned in this article are some of the most promising and influential ones in 2023, offering products and services that range from natural language processing to computer vision to robotics.
These companies are not only creating value for their customers and investors but also contributing to the advancement of AI research and development.
These are some of the companies to watch in the coming years, as they shape the future of AI and society.
In conclusion, AI startups are revolutionizing industries, optimizing business operations, and shaping the future of technology. From healthcare innovators and financial services disruptors to AI research companies and AI tools for personal and professional use, these startups are driving innovation and creating a better world for all. As they navigate the challenges and opportunities of funding and investment, ethical considerations, and market adoption, the potential impact of these AI startups on various industries and the world at large is truly astonishing. With AI startups leading the charge, the future of technology has never been more exciting.
Frequently Asked Questions
What are AI startups?
AI startups are an exciting new class of businesses that are leveraging the power of AI to drive growth and create new opportunities. From powering products to analyzing data, these startups are revolutionizing how companies use technology.
With so much potential, it’s no wonder why they are receiving so much investment and attention.
How do AI startups make money?
AI startups can monetize their AI applications and solutions by selling them to companies or individuals as well as providing services such as AI training, installation, and maintenance. Additionally, they can generate revenue through partnerships and data monetization.
Excitingly, these opportunities offer limitless potential for success!
How to start ai startup?
Are you ready to take the leap and launch your own AI startup? Let’s get started!
First, validate your problem-solution fit, followed by collecting data and building the AI. Don’t forget to craft your product and constantly strive to improve your AI algorithm!
You can make your dreams of an AI startup come true.
