In 2020, despite the COVID-19 pandemic, we saw thousands of startups managing to produce major tech breakthroughs.    

 AI Startups all over the world manage to develop some innovative solutions. These innovations spanned from improving customer servicing to bringing more efficiency to healthcare.    

In this blog post, we have compiled a list of 14 emerging artificial intelligence startups that you should watch out for in 2022.   

1. Reekon    

Website- https://reekon.net/   

Domain- Customer Service   

Reekon is a semi-autonomous customer service automation platform powered by artificial intelligence. It was founded in 2020, the startup aims to help companies handle their e-commerce and IT customer inquiries.    

This platform enables organizations to generate answers and resolve customer queries automatically. This process leverages historical customer inquiries about products and services to generate actionable insights.    

Besides, Reekon’s platforms successfully integrate with multiple customer service software such as Fresh Desk, Zendesk, and WooCommerce to automate customer requests.   

2. Overwrite    

Website- https://www.siloam.co/   

Domain- Learning Platforms   

Overwrite, a Singaporean startup, provides an adaptive learning platform. This platform customizes the learning progression of users with the help of machine learning (ML). They aim to enable children to learn and grow irrespective of their socio-economic circumstances.   

The startup takes personalization a step further by creating the learning content as per individuals’ strengths and weaknesses. Lastly, it offers detailed analytics on the progress of users.   

3. WhiteBox HR    

Website- https://www.whiteboxhr.com/   

Domain- Human Resources (HR)   

WhiteBox HR, a UAE-based startup, develops ML algorithms for talent acquisition and management. Despite progress in terms of gender equality, there is still a long way to go. The startup aims to tackle gender inequality by eliminating recruitment bias in companies and help them focus on gender diversity while hiring.   

The startup utilizes AI and analytics for the augmentation of the employee experience which increases employee satisfaction. Other than that, it also helps boost engagement, positivity, and productivity for stakeholders.    

4. Accrad    

Website- http://accrad.com/   

Domain- Healthcare Diagnostics   

Accrad, a South African startup, develops a deep learning-based X-ray solution for radiologists, CheXRad. The solution analyzes X-ray scans against healthy scans to predict disease markers.    

CheXRad can drastically reduce the time taken by radiologists to analyze the scans and improves the accuracy. Moreover, the solution is trained with high-quality training set on a large scale.   

The medical imaging advances produced by CheXRad enable doctors to efficiently identify disease markers and predict potential health concerns. AI plays a vital role in enabling clinicians to focus more on the patient rather than reports.   

5. teX.ai    

Website- https://www.tex-ai.com/   

Domain- Text Analytics   

TeX.ai, a US-based startup, develops AI-enabled software for text extraction, classification, and summarization. The startup utilizes AI, NLP, and deep learning to provide actionable insights by cleaning unstructured data based on structured data.    

The startup uses AI algorithms to analyze word combinations from multiple sources of data. They then use it to identify opportunities for cost or process optimization.   

The resultant solution is multi-lingual and can process a variety of text from different formats such as reports, emails, text messages, calls, and others.   

6. Delta AI    

Website- https://deltalabs.ai/   

Domain– Social Media Intelligence   

Delta AI, an Australian startup, leverages the power of AI to distinguish content between reality and deep fakes. It leverages computer vision to develop social media intelligence tools to help realize the potential of happy customers.   

Through their platform, they analyze social media content and then reveal parts of the video that are invisible to traditional, text-based search. This solution aims to enable brands to make strategic marketing decisions with accuracy.    

Delta’s AI models interpret live data to provide contextual insights which can give a clearer picture of how products are being used around the world.  

7. Anodot   

Website: https://www.anodot.com/   

Domain- digital transformation industries   

Founded in 2014, Anodot, a United States startup, is an analytics platform. It leverages artificial intelligence and machine learning techniques to constantly analyze every business parameter. It provides real-time alerts and forecasts using unstructured log data and structured metrics data.   

Anodot was also named in the Forbes’ Top 25 Machine Learning Startups to Watch in 2020. Besides, it has a customer base of more than 100 companies in the digital transformation industries.   

8. Dataiku   

Website- https://www.dataiku.com/   

Domain- Data Analyses Industry   

Founded in 2013, Dataiku is an AI and Machine learning startup, headquartered in France. In 2014, the company announced its Data science studio. It is a ‘predictive modeling’ software for business applications.    

The company aims to bring engineers, data analysts, and scientists together to create self-service analytics and operationalize ML. Dataiku already has some of the big enterprises under its clientele including Unilever, General Electric, and Comcast.   

Alphabet Inc, Google’s parent company, also joined the company as an investor in 2019, achieving unicorn status. It is named a Leader in the Gartner 2020 Magic Quadrant for Data Science and Machine-Learning Platforms.   

9. Eightfold.ai   

Website- https://eightfold.ai/   

Domain- Human Resources (HR)   

Founded in 2016, Eightfold.ai, headquartered in California, is an expert in deep learning with the mission “Right career for everyone in the world”.    

The company’s talent intelligence platform manages the whole talent lifecycle for enterprises. It uses AI in the most effective way to retain top performers, upskilled and reskilled workforce, recruit top talent efficiently, and reach diversity goals for organizations.   

The USA-based AI Startups has also been named in Forbes’ Top 25 Machine Learning Startups to Watch in 2020.   

10. Frame.ai   

Website: https://frame.ai/   

Domain: Communication Industry   

Founded in 2016, Frame AI is a startup that has developed a collaborative messaging platform. They aim to design and improve business conversations. The platform is a continuous monitoring system to inform data-driven CX priorities by making the customer voice an effective operational tool.   

The AI Startups leverages Natural language processing (NLP) to understand and allow companies to listen to their customers. They scale their product across the many channels available for customer communications and make them actionable.    

11. Viz.ai   

Website: https://www.viz.ai/   

Domain: Healthcare Industry   

Founded in 2016, Viz.ai is a medical imaging company based in the USA. They specialize in applied artificial intelligence in healthcare and leverage advanced deep learning to communicate time-sensitive information.    

Viz.ai’s mission is to improve how healthcare is delivered in the world on a fundamental level. The intelligent software promises to improve access to care, reduce treatment time, and increase the speed of diffusion of medical innovation.   

In April 2020, Viz.ai launched a COVID-19 patient triage software, Viz COVID-19, to improve patient management. It will also allow for a safer hospital workplace during the pandemic.    

The startup has won the prestigious UCSF Digital Health Award for Best New Application of A.I.   

12. Luminovo   

Website: https://luminovo.ai/   

Domain- SaaS industry   

Found in 2017, Luminovo is a deep learning startup that helps enterprises in the electronic industry to develop tailored applications. The startup aims to bring innovations to everyone by reducing the time and resources needed. They are SaaS providers for the electronics industry.   

In April 2020, the startup raised a total of $2.5M in funding in a Pre-Seed round. It is also listed in Forbes’s list of Top 25 machine learning startups to watch in 2020.   

13. Rosetta.ai  

Website- https://www.rosetta.ai/   

Domain- Customer Service   

Founded in 2016, Rosetta.ai provides a deep learning platform. Their platform helps fashion e-commerce companies to understand consumers’ shopping behavior and preferences. This further helps them to personalize their on-site product recommendations.    

The AI Startups is based in Asia-Pacific and focuses on the fashion industry. They dive deeper into fashion, in apparel, cosmetics, and accessory, to build deep learning models and algorithms suitable for the use case.   

14. MixMode   

Website- https://mixmode.ai/   

Domain- Cybersecurity   

MixMode is an AI-driven cybersecurity startup to bring a third-wave, context-aware AI approach. Through this approach, it can automatically learn and adapt to changing environments.    

They have developed a predictive cybersecurity platform that is designed to reduce the number of alerts. They aim to deliver a continuous baseline of networks through their platform and allows users to focus on alerts that deserve their attention.   

Their AI-Powered Network Traffic Analytics Platform provides predictive threat detection and deep network visibility capabilities to enable the client to efficiently perform real-time and retrospective threat detection and visualization.   

Conclusion:   

In the last century, AI startups have become the pole-bearers of innovations and Innovation has been the backbone of humanity’s extraordinary progress. They have solved many daunting problems plaguing humanity.    

This blog just gives a glimpse of the most exciting AI Startups currently. However, there is an ocean of AI startups working towards developments in various areas of Artificial Intelligence.   

Author Bio:

Shreeya Chourasia is an experienced B2B marketing/tech content writer, who is diligently committed for growing your online presence. Her writing doesn’t merely direct the audience to take action, rather it explains how to take action for promising outcomes.

The post Top 14 AI Startups to Watch Out in 2022 appeared first on Tech Research Online.

In the past few years, we’ve seen innovative technologies like never before. But most importantly these innovations are coming from tech startups and that’s partly due to recent advancements in the field of artificial intelligence.

Statista says that funding for AI startups worldwide amounted to $24 billion in 2019 which was a tenfold increase from 2013.

Some of these startups have been observed to introduce new products and services, while others have delivered existing technologies in new ways.

In this blog post, we will see some of the top tech startups to look out for in the coming year. But, let’s first understand a little bit about startups.

What is a Tech Startup?

Tech startup describes any company working in the technology domain, first in the state of operations. It can be recognized by having one or more entrepreneurs developing a product or service in demand.

Since tech startup begins with limited revenue and high operation costs, they usually require huge capital. Hence, they usually include bank loans, business incubators, government grants, and venture capitalists.

When you hear tech startup, one thing that probably comes to your mind is a dingy basement in Silicon Valley. But, that’s not surprising as the United States remains the largest tech market in the world with $1.6 trillion.

However, today’s startup extends beyond mere location. So, here are some interesting stats on tech startups:

• Census Bureau and two MIT professors found that the most successful entrepreneurs tend to be middle-aged even in the tech sector.
• Inc says a 50-year-old entrepreneur is almost twice as likely to start an extremely successful company as a 30-year-old.
• Crunchbase says the percentage of female startup founders has doubled from 10% to 20%, from 2009 to 2019.
• The brex founder spending report says that the average age of a Startup founder is 45.
• The Brex founder spending report says Facebook and Amazon Web Services are the leading expenses for advertising and web services; Zoom dominates for web conferencing.
• Statista says that cities in California hold 8 of the top 10 spots for startups per capita.
• 47% of Series A-funded startups spend more than $400k/month. (source)
• Seed-funded companies spend on average $118k/month. (source)
• Less than 10% of seed-funded startups make it to Series A. (source)
• HubSpot CRM gets almost twice the revenue from startups compared to industry giant Salesforce. (source)

Here are the top 7 eye-opening tech startups to follow on 2021:

1. Better.com

Founder: Vishal Garg

Full-time headcount: 4,000

Headquarters: New York City

Year founded: 2016

Website: https://better.com/about-us

Last year, as the U.S. economy sank into recession with the onset of the coronavirus pandemic, housing is one of its engines that continued to roar.

In 2019, 86% of new homeowners purchased a previously lived-in home and in 2020, it is estimated that around 5.46 million existing homes are going to be sold.

Better.com is a digital mortgage lender that has been inundated with refinancing applications. They take care of new loan demand due to the falling interest rates and growing need for space.

The mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Citigroup, told its investors that they are expecting its revenue to jump from $100 million in 2019 to north of $800 million this year.

To keep up with demand, the company is hiring at a staggering rate. Currently, the four-year-old company has more than 4ooo employees and has already added 1,500 since the lockdown. They are further planning to add 7,000 more in the next 12 months.

2. DoorDash

Founder: Tony Xu, Stanley Tang, Andy Fang, and Evan Moore

Full-time headcount: 3,500

Headquarters: San Francisco

Year founded: 2013

Website: https://www.doordash.com/about/

DoorDash, an American food delivery service, has gone public in February this year. The company initially offered a food delivery service and with the on-demand, it was already embarking on a big year.

With the onset of the pandemic and quarantines, the demand for doorstep delivery skyrocketed. While the San Francisco-based company continued to clash with California regulators over its dashers, its ambitions have only grown.

In the initial year of operations, DoorDash received $2.4 million in funding and expanded to 70 restaurants in the Bay Area. After that, the company grew at a rate of 20 percent every week, according to Y Combinator.

Recently, the company also expanded its delivery service into grocery and pharmacy offerings. They have also doubled their employee base for the second time in the last two years. They are currently looking to revamp their hiring process to focus on “engineering values”.

3. Robinhood

Founder: Vladimir Tenev and Baiju Bhatt

Full-time headcount: 1,042

Headquarters: Menlo Park, Calif.

Year founded: 2013

Website: https://robinhood.com/us/en/about-us/

Robinhood is an American financial services company. It bills itself as “investing for everyone” and has sought to democratize stock market investing via its app.

Their apps make trading easy to execute and affordable. The fintech company has recently raised $200 million in a new round of funding which has made it worth grow to $11.2B.

According to SensorTower, Robinhood was the 10th most downloaded financial app in 2018 and 2019.

Now to keep with its growth, the company is on a hiring spree. They are simultaneously responding to growing regulatory concerns and bringing in hundreds of registered financial service representatives.

4. Samsara

Founder: Sanjit Biswas and John Bicket

Full-time headcount: 1,350

Headquarters: San Francisco

Year founded: 2015

Website: https://www.samsara.com/about

Samsara is an integrated platform that aims to increase safety, efficiency, and sustainability. They are on a mission to make internet-connected sensor systems for trucks and other vehicles for operational safety and efficiency. The company is ranked 2nd among the top 10 competitors.

In May, retrenchment in some of its leading European markets led to layoffs. However, the company’s U.S. operations remain robust.

The company has nearly 30% of the non-male engineering team and one of the highest percentages among U.S. Top Startups.

5. Databricks

Founders: Ali Ghodsi, Matei Zaharia, Reynold Xin, Scott Shenker, Ion Stoica, Andy Konwinski, and Patrick Wendell

Full-time headcount: 1,500

Headquarters: San Francisco

Year founded: 2013

Website: https://databricks.com/

Databricks is an open-source analytics platform. They provide other companies with machine learning and data science tools to help them extract more value from data.

Till not they have worked for many clients. They have helped healthcare providers develop tailor-made treatment plans to giving banks an upper hand in tracking fraudulent activity.

In February 2021, Databricks reported $1b funding in its latest funding round. In total, Databricks has raised $1.9 b, and now it’s valuated at $28 b. The company has also recently acquired Tel Aviv-based Redash, a data visualization firm, to expand its dashboard capabilities for its customers.

6. Outreach

Founders: Wes Hather and Gordon Hempton

Full-time headcount: 595

Headquarters: Seattle

Year founded: 2014

Website: https://www.outreach.io/company

Outreach is a sales engagement platform that aims to helps customers drive more pipelines and close more deals efficiently and effectively. The company provides AI-powered tools to help sales reps identify, contact, and stay in touch with the customers.

The well-known tech firm has recently doubled its headcount to reach nearly 600 employees since 2019. They have also raised their funding to $50 million in June and are not valued at $1.33 billion. With this fund, they are looking to support the development of new tech and expands into Europe.

7. Modern Health

Founder: Alyson Watson

Full-time headcount: 101

Headquarters: San Francisco

Year founded: 2017

Website: https://www.joinmodernhealth.com/about-us

Modern Health is a global mental health and well-being platform for employees. The platform provides them with an option to tap into the virtual resource and get on-demand access to certified coaches or therapists for help. They can reach out to them with anything from burnout to depression.

The startup has recently opened its resources to the general public in response to the growing need to create groups and address racial trauma and social isolation.

Currently, Modern Health estimates an annual revenue of $24.7M per year and they have raised over $42M in venture funding.

FAQs:

1. How to Start A Tech Startup?

Here are 7 things to remember when planning to start a tech startup:

• Make a rigid business plan with minimum loopholes
• Plan for secure funds with the appropriate amount
• Make your team and surround yourself with the right people
• Find a physical location and build a fresh website
• Try to learn and become marketing as well as an HR expert
• Build a solid customer base
• Prepare for rough situations

 2. How to Invest in Tech Startups?

Before investing in a startup, you should do proper research about the market they are invested in, their background, employees, and others. There are two major ways to invest in a startup. You can either invest through online platforms for early-stage investors such as AngelList and Propel(x) or you can invest through publicly traded funds in later-stage.

Conclusion:

In this blog post, we have covered the top 7 eye-opening tech Startups that are aiming to make a difference in the future. These tech startups are making a difference in the real world and creating employment on a large scale. In the future, you should be following these startups for more technological innovations.

We have tried to cover the top 7 tech startups for 2021, if we have missed your favorite do let us know in comment section.

Author Bio:

Shreeya Chourasia is an experienced B2B marketing/tech content writer, who is diligently committed for growing your online presence. Her writing doesn’t merely direct the audience to take action, rather it explains how to take action for promising outcomes.

The post Top 7 Eye-Opening Tech StartUps with Stats appeared first on Tech Research Online.

Telefónica Tech Ventures also includes ElevenPaths, Telefónica’s cybersecurity company, which is its corporate venture capital arm. The company is currently funding nine start-ups and has plans to fund up to 15 in the next few years.  

Chema Alonso is the chief digital consumer officer at Telefónica and also the chairman of ElevenPaths. He said that “It will be an opportunity for them not only to have Telefónica as an investor but also to turn us into a customer or even a business partner, thus providing them with the chance to develop their projects around the world.”  

Director of Telefónica Innovation Ventures, Guinea Gawendo said: “This new vehicle is not only a new opportunity for the start-ups to develop their business with Telefónica, but it’s also a chance for other investors seeking to rely on the expertise and leadership of ElevenPaths in cybersecurity and Telefónica Innovation Ventures in the field of venture capital and co-invest with us in a sector that’s attracting a high degree of investment interest.”  

The company says, the purpose of Telefónica Tech Ventures is “to detect disruptive innovation in cybersecurity, particularly in the areas of threat intelligence, cloud security, data protection and artificial intelligence applied to cybersecurity.”  

Telefónica says that the new arm “will be open to other investors that wish to co-invest … and rely on its far-reaching experience in the dynamic cybersecurity sector”. They believe that, in the coming years, the cybersecurity sector will attract more than US$8 billion in investment.  

Over the next three years, they have planned to invest in 15 startups that are both early-stage and are more mature ones. The company says, “entering into series A, B and C and devoting the necessary resources to execute follow-ons in the best-performing start-ups”.  

In the coming years, the company will focus on opportunities in Spain, Germany, Brazil, and the U.K. They will also work in other significant technological markets, for instance, the U.S.A and Israel.

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