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- Industry
- Geography
Artificial intelligence (AI) has become ubiquitous across the industry verticals. From boardroom discussion to a trending topic in news, artificial intelligence has managed to capture the attention of every tech enthusiast worldwide. With organizations cashing the benefits of its application, this tech discipline has managed to live up to its hype.
While the tech war between USA, China, European Union and other prominent nations escalates, Israel too aims to lead the race. Some surveys have found that Israel ranks among the top 5 countries in the world for AI solutions. Further, it has more AI companies and startups per capita than the market leader USA. Tel Aviv is emerging as a popular artificial intelligence city hub and is at par with the likes of Silicon Valley, London and Beijing. Its close network of universities, access to the Asian and American capital markets, close cooperation with the military and the government, help Israel to rise to the status of a strong AI player in market.
As per one research, Israel's AI ecosystem that grew from 512 companies in 2014 to 1,150 by the end of 2018 – a 120% increase in a span of 4 years. This includes companies that develop core artificial intelligence technologies and the ones that utilize it for their vertical-related products and services. Even the international tech behemoths are either investing in Israel's AI market or establishing unit/labs there. In 2019, the Israel Innovation Authority provided grants to 219 companies working on AI technologies for a total sum of roughly 415 million shekels. These grants were mostly provided for artificial intelligence infrastructure projects and in sectors underfunded by private investment. In the same year, it adopted ethics guidelines for responsible R&D in AI as a member of the OECD.
While the nation is taking pre-requisite steps to boost the AI industry in terms of innovation, skilling and revenue, let's have a look at some promising startup companies in the region. Analytics Insight has complied a list of Top 10 emerging artificial intelligence startups in Israel using an analysis of companies mentioned in Crunchbase and Glassdoor. If we missed any prominent names, drop a comment to let us know.
Airobotics offers an end-to-end and fully automatic solution for collecting aerial data and gaining invaluable insights. The startup blends expertise in aerospace hardware design, robust electronic systems, leading software engineering, and years of experience in commercial drone operations. This varied experience has allowed them to design a solution suited to address the needs of the world's most complex industrial environments such as mining, seaports and oil & gas.
Cortica has developed autonomous AI that simulates the natural processes of the mammal cortex to understand how the brain "encodes" digital images. Based on this technology, it provides AI and computer-vision solutions for autonomous driving, facial recognition and general visual recognition in real time and at large scale for smart cities, medical imaging, photo management and autonomous vehicles.
Gong.io enables revenue teams to realize their fullest potential by unveiling customer reality. Its patented Gong Revenue Intelligence Platform captures and understands every customer interaction then delivers insights at scale, empowering revenue teams to make decisions based on data instead of opinions. It does that by dissecting hundreds of parameters in each call to get a more objective breakdown of what tactics are effective, with the aim of improving deal conversion.
Leadspace helps companies take back control of their marketing and sales data with its leading artificial intelligent B2B Customer Data Platform. It integrates with all popular CRM platforms and leverages artificial intelligence to help drive more pipelines and generate better quality leads. This helps its client get smart, applying a deep and unique understanding of B2B personas for more effective scoring, targeting, and insights.
Logz.io provides a scalable and intelligent machine data analytics platform built on ELK and Grafana for monitoring modern applications. Logz.io platform consists of four products—Log Management, Infrastructure Monitoring, Distributed Tracing, and Cloud SIEM — that work together to unify the jobs of monitoring, troubleshooting, and security. Its cloud-based technology also uses predictive analytics and machine-learning algorithms to flag issues.
Nexar's AI dashboard cam app provides documentation, recorded video, and situational reconstruction in case of an accident. The startup employs machine vision and sensor fusion algorithms, leveraging the built-in sensors on iOS and Android phones. Using this vehicle-to-vehicle network, Nexar also can warn of dangerous situations beyond the driver's line of sight.
SentinelOne aims to solve the challenge of endpoint security for mobile employees who need to connect to a company's network, as well as cloud servers, personal communications services and IoT devices. Its AI-based platform analyzes data in real-time to identify anomalies and provide a response to attacks. It offers machine learning-based solution for monitoring and securing laptops, phones, containerized applications and the many other devices and services connected to a network.
Formerly known as Codota, it aims to help software developer code faster and smarter with artificial intelligence, by autocompleting strings of code, which makes development more productive, less error-prone, and much more fun. The startup feeds open-source code to an artificial intelligence algorithm to learn code patterns and suggest lines of tested debugged code from working programs.
Voiceitt is speech recognition startup and social enterprise that has developed a proprietary automatic speech recognition (ASR) technology that translates non-standard speech patterns into clear speech in real time, enabling children and adults with severe speech impairments and disabilities to access mainstream voice activated technologies and devices.
Zebra Medical Vision's Imaging Analytics Platform allows healthcare institutions to identify patients at risk of disease and offer preventative treatment pathways to improve patient care. The company's AI solutions analyze millions of clinical imaging data in real-time, detecting various medical indications, enabling it to be the only AI Medical Imaging company with such a wide range of products. It has secured multiple regulatory approvals, such as FDA and CE marks and is installed in hospitals globally.
