The interest of global investors is surging in all things AI. No wonder an increasing number of AI startups are popping up from everywhere. ChatGPT was launched in November 2022, and the birth of this breathtaking generative AI tool crystallized the business world among investors.
As there are new AI startups popping up in the market, we can witness a new race happening among these startups to challenge the open AI model. The industry is booming and investors are showing interest and it seems they know where they should channelize their money.
We have already seen, watched, and experienced the power of AI. Undoubtedly, it has been one of the most promising and transformative technologies of the 21st century. Let us walk you through some of the AI startups leveraging cutting-edge AI technologies to solve complex problems across various sectors, such as healthcare and finance to cybersecurity that are making rounds across the world.
Whether you an investor or a tech enthusiast, or simply curious to know about the future with AI, here are the start-ups that were the most talked about in 2023.
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1. OpenAI
OpenAI is a pioneer in using natural language processing and deep learning to provide results we never imagined to receive earlier. The company was founded in 2015, and since then the company has been at the forefront of AI research. It is them who developed Chat GPT-3, which is one of the most breathtaking discoveries in the history of AI.
The popularity of Open AI: Open AI is actively working on infusing the powers of AI in various fields, such as robotics, education, and healthcare. The company’s research on the use of ethical AI and responsible AI deployment has set the tone of the entire AI industry.
2. AI Squared
Founded by Benjamin Harvey, AI Squared wants to make it easy to integrated machine learning into customers’ most active web-based applications. The platform seamlessly integrated automation, data-driven insights along with guided recommendations to create an intelligent application that can deliver a more personalized interface. It improves productivity and support decision making.
3. CloseFactor
Founded in 2020, CloseFactor provides an AI operating system for revenue teams and serves up tailor-made opportunities with prospects who are ready to buy now. Leveraging the power of machine learning the AI tool can curate unstructured information about companies and extract meaningful insights that the go-to-market teams can act on.
The tool helps in identifying the best customers, and empower sales and marketing teams to hit their targets.
CloseFactor successful secured a funding of $20 million in 2023 and over the past 10 quarters the company has witnessed increased revenues by 5,411 percent.
4. Concentric AI
While the data is aplenty on the world, there still lingers the fear of unmet data security needs amongst various industries. To solve this issue, Concentric AI was founded. The AI tool aims to cater to the various data security needs by discovering and safeguarding business-critical content. Concentric AI protect intellectual property, financial data, customer data, and more across the cloud-based and on-premise data stores. Additionally, the tool can also protect data across all the messaging and communication applications.
Concentric AI unleashed a new chapter by introducing a channel partner program with a commitment to offer better services in the future.
5. Frame AI
Frame AI is one of the fastest growing AI-powered customer intelligence platforms. The tool helps companies calculate the cost incurred in all the support tickets raised by the customers using natural language processing.
When the underlying costs are identified, Frame AI further helps to provide better customer support and optimally allocate customer service resources.
The AI company was founded in 2016 and since the inception, the company has raised $17.9 million.
6. SensoAI
SensoAI has garnered attention for its groundbreaking work in predictive analytics. Leveraging advanced machine learning algorithms, the startup is transforming how businesses anticipate market trends and consumer behavior. Its solutions not only provide foresight but also empower strategic decision-making in real time.
Wrapping Up
As we navigated the intricate landscape of AI startups in 2023, we witnessed that these trailblazers are not merely chasing the AI trends, but they are set to shape the future. From quantum computing to predictive analysis, virtual collaboration to tailor-made healthcare, and so on, these startups are setting new benchmarks in their respective industries. They are redefining what is possible in the realm of artificial intelligence.
While these were some of the most talked about AI startups in 2023, we suggest you to keep your eyes on them in 2024. We are sure there are most possibilities to unleash.
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