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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Artificial intelligence is presently the most disruptive technology. From identifying our faces to recommending the best products, artificial intelligence is everywhere. This technology is also becoming a great source for top AI startups to achieve their bottom-line targets. Most promising AI startups are garnering the attention of numerous investors across the world. These top AI unicorns are giving tough competition to well-established companies.
Best AI unicorns are majorly in the field of big data analytics, autonomous driving, facial recognition, etc. According to research firm CB Insights, more than 30 AI unicorns are now valued at more than a billion dollars.
Here is the list of the top 10 AI unicorns that are growing with investment as well as its impact they are creating globally.
ByteDance is a Chinese AI company, having a valuation of around $140 million is the biggest AI unicorn startup in 2021. If you are unfamiliar with this name, you must have heard of its flagship product, TikTok. ByteDance uses artificial intelligence and machine learning in developing algorithms that can provide videos and content as per user's preferences and likes. Currently, ByteDance is using its recommendation algorithms to grow its portfolio to compete with big tech enterprises.
SambaNova Systems is a Palo Alto, California based AI startup that raised $676m in its Series D round in 2021. This funding made the total valuation of the company to around $1.13bn, making it the best-funded AI startup in the world. The company commercializes the work of ML Stanford University Professors Kunle Olukotun and Professor Chris Ré and is chaired by the CEO of design tool vendor Cadence Design Systems, Lip-Bu Tan. The company has definitely entered the list of best AI startups of 2020-2021.
UiPath is popularly known as the first Romanian unicorn. UiPath is the most promising AI startup backed by Google and is set to achieve 5000% growth. The company is an expert in the field of RPA and provides software robots in the form of a SaaS platform to enterprises. UiPath is one of the fastest companies to gain the AI unicorn title. Founded in 2005, it is now valued at over $3 billion. It was ranked 26th on Deloitte's Technology Fast 500 in 2018 and gained 14th position in the Forbes 2018 Cloud providers listing.
Dataminr was founded in 2009 in New York and provides a real-time AI platform to identify risks and unforeseen events. It uses publicly available data and applies machine learning and artificial intelligence to help enterprises and public organizations find upcoming risks and alerts them. In 2018, the company raised $392 million in a round, making the valuation of around $1.6 billion. This AI unicorn is still growing and helping media firms and public authorities identify high-impact events and critical breaking information.
HighRadius joined the club of AI unicorns last year with $125 million in Series B growth funding. This round made the valuation of the company more than $1 billion. The company has created AI-powered fintech software that automates a variety of functions. The company presently has more than 400 clients including top companies like Walmart, Procter & Gamble, and making $1 trillion in transactions per year. The company makes its place in the biggest AI startups and plans to further develop its platform and expand its geographic reach.
SenseTime, a Chinese AI startup founded in 2014, is now valued at $12 billion after the Pre-IPO round of fundraising in 2020. SenseTime is an AI platform that includes deep learning and a supercomputing center, provides Computer Vision (CV) technology to multiple industries. Initially founded as an AI facial recognition algorithm specialist, the company is now known as the leader in AI technology research.
Feedzai is a fraud detection AI startup that recently bagged a $200 million round of funding. With this funding, the company is valued at more than $1 billion. Feedzai now comes in the best AI startup as well as top AI unicorns, with 80% of the clientele of Fortune 500 companies. The company aims to develop its platform that will provide a full end-to-end financial crime and risk management solution.
Scale AI was founded in 2016 that teaches machines how to see. In 2019, it received a $100 million investment, making it one of the growing AI unicorns as it coveted the $1 billion mark. It has also entered Silicon Valley's list of unicorns. Its AI technology is being used by elite customers in the autonomous driving segment. Nonetheless, companies like Airbnb and Pinterest have also shown interest in Scale's technology.
Automation anywhere has recently buzzed in the news of a growing AI unicorn as it received $250 million in 2019, making the valuation of the company at 1.8$ billion. Automation Anywhere is a software organization committed to Robotic Process Automation. Using a cloud automation platform with machine learning, AI, and analytics, it implements programming bots to assist clients with automating their dreary and manual undertakings, and other business processes to build efficiency, and improve customer experience and employee engagement.
Pony.ai joins the club of AI unicorns of the world. The company raised funding of $50 million in 2019 and $102 million in 2018, which made the company cross the mark of $1 billion. Pony.ai is a self-driving tech unicorn that creates autonomous vehicles without the need for a human driver. The company has achieved Level 5 autonomous driving technology.
