Top AI startups
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CB Insights conducts ai.100 study for the second year in a row. The leader is the Chinese media project ByteDance . It started in 2012 and in six years attracted $ 3.11 billion of investments from 14 funds, including CCB International, DST Global, GIC, General Atlantic, Kohlberg Kravis Roberts & Co.
ByteDance is an operator of media platforms, including the News Republic news application: the service analyzes social network accounts and user habits in order to offer them relevant information.
Fintech
Three projects from the USA got to the top ten most promising at once: Affirm, Upstart and ZestFinance .
Affirm — provides a consumer loan for online shopping. For six years, the project attracted $775 million from 15 investors, including Andreessen Horowitz, Morgan Stanley, Caffeinated Capital, Founders Fund, GIC, Jefferies & Company.
Upstart, an online lending platform, uses AI and machine learning to evaluate loan parameters and automate its obtaining. The project also works in the B2B market.
Upstart started in 2014 and in four years raised $584.7 million from 20 funds, including Google Ventures, Khosla Ventures, Alumni Ventures Group, Collaborative Fund, Correlation Ventures, Eric Schmidt, First Round Capital, Third Point, Racuten.
ZestFinance is a software that integrates machine learning into the underwriting process. The product automates compliance with compliance standards and legal norms in the provision of financial services. For nine years, it raised $268 million from 14 investment funds, including Baidu, Clarium Capital, Eastward Capital Partners, Flybridge Capital Partners, Fortress Investment Group.
The top 100 AI startups included five fintech projects, all from the United States. But you should not build on these far-reaching conclusions, because, according to experts, the global leader in fintech is China.
Intersectoral Services
There are two Chinese startups in the top 10 — SenseTime and Face ++ .
SenseTime specializes in computer vision technology, developing tools for recognizing text, moving objects and faces for mobile and Internet operators, financial organizations and security firms.
The project started in 2014 and for four years raised $1.63 billion from 37 investment funds, including from Advantech Capital, Alibaba Group, All-Stars Investment, Bank Of China Group Investment Zheshang Capital, CDH Investments.
Face ++ — an online platform for cloud services for face recognition — focuses on creating compact cross-platform visualization tools, which allows website developers and mobile devices to use visualization technologies and create their own applications with a completely new user interface.
Starting in 2012, the project raised $608 million from 13 investment funds, including Alibaba Group, Ant Financial Services Group, Boyu Capital, CCB International, China Reform Holdings.
Face recognition technology is very promising, and the demand for it will only grow. Apple and Google are buying up such startups. Apple is working to ensure that their HomePod voice column is activated by a glance, and in the latest ARKit2, a set for augmented reality application developers, a technology for controlling games and applications with a glance has appeared.
It is interesting that ten projects offering intersectoral solutions were included in the hundred of the most promising AI startups. The West is the leader in terms of quantity: six from the USA, one from the UK, but the situation is opposite in terms of the volume of attracted investments: three Chinese projects in total raised $2.4 billion, six American — $ 219.1 million.
Robotics
Chinese startup UBTECH , which uses artificial intelligence technology to develop humanoid robots, is among the top 10. Since 2008, consultant robots, business assistants and interactive robots have been helping people in various fields.
For ten years, the company attracted $944 million of investments from 19 funds, including CDH Investments, CGN Power Co., CITIC Securities International, Charoen Pokphand Group, China Minsheng Banking Corp.
The 100 promising AI startups in the Robotics category included seven projects: five from the USA and two from China, but the Chinese are again leading in terms of funding — UBTECH and CloudMinds in total raised $1.75 billion, when five projects from the USA — $496.3 million.
Healthcare
The United States dominates — seven out of eight startups.
Flatiron Health is an oncology-based cloud platform operator. Flatiron Health started in 2012, in six years the company raised $2.213 billion from 20 investors, including Aaron Levie, Allen & Company, Baillie Gifford & Co., BoxGroup, Casdin Capital.
AutoTech
All top 5 projects included in the hundred are from the USA.
In the top ten most promising Zoox — launched in 2014 in California. For four years, the company attracted $790 million from ten investors, including AID Partners, Blackbird Ventures, Breyer Capital, Composite Capital, Partners DFJ.
The company has developed an unmanned vehicle and the ecosystem necessary to start sales. Zoox plans to offer city residents mobility as a next-generation service.
This is not the only company claiming leadership in this segment.
Cybersecurity
The trend in the use of artificial intelligence. 11 out of 100 AI startups are developing solutions in this field. The United States leads — nine projects, one project from France and the UK.
Among the top ten CrowdStrike with the cloud platform CrowdStrike Falcon, which prevents attacks and provides end-user protection in the enterprise.
The project started in 2011 and in seven years attracted $481 million from ten investors, including from Accel, General Atlantic, Google, CapitalG, Institutional Venture Partners, March Capital Partners, Warburg Pincus, Telstra Ventures, Rackspace.
Learn more about how we helped AI-based startup for fraudulent reviews identification build their software.
Summary
According to the study, the 100 most promising AI startups included projects from nine countries: the USA, China, France, Israel, Spain, Canada, Taiwan, Japan and the UK.
The United States dominates in number — 76 projects, China in second place — eight startups, but four of them are in the top ten.
China is the leader in the amount of investments attracted in the amount of investments — Celestial startups received 46.7% of all money. It is curious that American funds are actively investing in Chinese projects.
If we turn to the subject area, then the study primarily reveals the problem areas of the United States: cybersecurity — 11 startups; healthcare — eight projects; enterprise applications — eight companies. Data protection and counteraction to cyberattacks, unsolved problems in healthcare, automation of production and business processes are topical tasks for the USA.
China is actively fighting for a position in the media space. ByteDance is a powerful application for influence. China also seeks to catch up with the leaders of the Fourth Industrial Revolution by introducing technological solutions in enterprises, offices and in the service sector. A marker of this trend is strong Chinese cross-industry AI projects and startups in the field of robotics.
The social sphere, training and management are noticeably sagging.
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