60 Best AI Startup Companies to Look Forward to in 2024

Here are the fastest-growing AI startup companies for you to get inspired. Read and learn about the different business prospects to get an idea of the future of AI.

Industries across the globe are facing remarkable changes ever since the advent of artificial intelligence (AI). AI has become an unstoppable force in domains such as software development, sales, healthcare, and marketing, bringing a major shift in how companies operate.

In fact, between 2023 and 2030, the AI market is predicted to rise at a rate of 37.3% annually.

Tech giants like Google, Amazon, Microsoft, and Apple are harnessing this technology to achieve significant advancements. As a result, personal assistants like Siri and Alexa have now become integral parts of our daily lives.

The number of AI startups around the world has surged to meet an equally heightening demand for advanced technology. Studying these groundbreaking companies shares a brief glimpse into how the future of tech is gradually transforming our world.

Embark on an insightful journey highlighting the top 60 AI startups worth keeping an eye on. 

List of Top AI Startup Companies to Explore

Allow us to take you through an insightful list, comprising the best AI startups that have gained immense traction in just a few years.

1. OpenAI

Location: San Francisco, United States

Founded in: 2015

About the Company: OpenAI, a research and AI development company leads our list of fastest-growing AI startups. Its goal is to guarantee that everyone benefits from artificial intelligence with its implementation across different domains. OpenAI’s brain-child ChatGPT is one of the best-selling products. 

2. Deepgram

Location: San Francisco, United States

Founded in: 2015

About the Company: It is a foundational AI company with the sole mission of understanding human language. Deepgram’s robust speech recognition service allows for the transcription of spoken language into written text. With the help of advanced deep-learning algorithms, the platform can handle complex audio environments and diverse accents, supporting transcription into multiple languages, including English.

3. Stability AI

Location: London, UK

Founded in: 2019

About the company: It is a new AI company that delivers breakthroughs and open-access AI models with minimal resource requirements in imaging, language, code, and audio. Stability AI’s one of the most popular products is Stable Diffusion, which helps you develop high-detailed and realistic-looking images.

4. Jasper

Location: Austin, Texas
 
Founded in: 2020

About the company: Moving further down to our list of emerging AI companies is Jasper, which is primarily used in the marketing and advertising industry. It boasts robust capabilities such as generating texts, translating languages, writing various types of creative materials, and providing helpful answers to all queries.

5. Inflection AI

Location: California, United States

Founded in: 2022

About the company: Inflection AI is one of the most popular Artificial Intelligence startups that developed the infamous Pi, an AI-powered personal assistant. It is built on world-class proprietary technology created in-house that is capable of coherently advising on any topic, offering advice and personal assistance to its users.

6. Inworld AI

Location: Mountain View, California

Founded in: 2021

About the company: Inworld AI is currently one of the most trending startup AI companies that creates characters based on your requirements. The tool offers a no-code solution with the help of which you can develop characters with distinct personalities using NLP (natural language processing) and simple controls. 

7. Mistral AI

Location: Paris, France

Founded in: 2023

About the company: Mistral AI has gained significant popularity over the years because of its impressive content-generation capabilities. It allows you to produce various types of content, from marketing copy to creative writing, making the content creation process much more efficient.

8. Abnormal Security

Location: San Francisco, United States

Founded in: 2018

About the company: Abnormal Security is an AI startup company that utilizes AI-driven algorithms to stop external email attacks, internal email attacks, and email account takeovers. It is tasked with the responsibility of continuously monitoring posture across all users, vendors, and third-party applications with access to email.

9. Dialpad

Location: San Francisco, United States

Founded in: 2011

About the company: Dialpad is one of the fastest-growing AI startups that assesses your customer chats in real time using natural language processing (NLP). From workflow automation to actionable insights, Dialpad features robust capabilities that help improve your business conversations.

10. Codeium

Location: Sacramento, United States

Founded in: 2021

About the company: Formerly known as Exafunction Inc., Codeium is an intelligent code-suggesting platform that is used by hundreds and thousands of developers all over the world. With the help of this tool, you can create meaningful tests for Python, JavaScript, or TypeScript code.

11. DeepL

Location: Cologne, Germany

Founded in: 2009

About the company: DeepL is an AI translation and writing assistant that allows for precise translation, powerful grammar fixes, and clear style enhancements. Its network architecture enables this platform to learn from vast amounts of data and easily adapt to new contexts. 

12. Soundful

Location: San Diego, United States

Founded in: 2019

About the company: Soundful is an AI music-generating platform that lets you develop original, royalty-free background compositions for various media, including podcasts, streams, and videos

13. Atomic AI

Location: South San Francisco, United States

Founded in: 2021

About the company: Atomic AI is an emerging biotechnology company that primarily deals with the fusion of artificial intelligence and structural biology to unlock RNA drug discovery. Its proprietary 3D RNA structure engine integrates machine learning foundation models with large-scale, in-house experimental wet-lab biology to unlock functional binders to RNA targets.

14. Pika

Location: California, United States

Founded in: 2023

About the company: Pika is among the latest AI startups, enabling users to turn their texts and photos into engaging videos. Text-to-video, image-to-video, and video-to-video are its three fundamental functions.

15. CoreWeave

Location: Roseland, New Jersey

Founded in: 2017

About the company: CoreWeave is a specialized cloud provider that is dedicated to delivering a massive scale of GPU computing resources on demand and at scale.

16. Synthesia

Location: London, United Kingdom

Founded in: 2017

About the company: Synthesia is an AI platform for video communications that lets you make professional, studio-quality videos in more than 130 languages with AI voiceovers and avatars.  Additionally, the platform boasts other robust capabilities, such as cloning your own voice, automatically generating closed captions, and more. 

17. Harvey.ai

Location: San Francisco, United States

Founded in: 2022

About the company: Harvey.ai is a trusted legal AI platform that augments your workflows using domain-specific models that are trained by and for professional service providers. With this tool, you can access fine-grained control over usage and data provenance, track work product, and more. 

18. AlphaSense

Location: New York, United States

Founded in: 2011

About the company: AlphaSense is a search engine for market intelligence powered by AI, gathering extra insights from various public and private sources like business filings, trade journals, and event transcripts. This platform enables businesses to make informed decisions confidently and effortlessly.

19. Read AI

Location: Seattle, Washington

Founded in: 2021

About the company: Read AI is currently one of the leading AI tech startups that enables users to access instant meeting recaps. Read AI delivers an automated summary, action items, key questions, topics discussed, coaching tips, and recommendations, after each Microsoft Teams meeting. 

20. Drata

Location: San Diego, United States

Founded in: 2020

About the company: Drata is a security and compliance automation platform that features various capabilities such as strict data separation, content moderation, and responsible governance. 

21. Interactions

Location: Franklin, Massachusetts

Founded in: 2013

About the Company: Interactions is a popular startup that uses advanced technology to help businesses connect with their customers easily. Trusted by many Fortune 500 companies globally, it allows businesses to communicate with customers whenever and however they prefer.

22. Otter AI

Location: Mountain View, California

Founded in: 2016

About the company: With Otter.ai, you can automatically assign action items from all your cross-functional team meetings, thereby helping everyone stay aligned. It can summarize and transcribe interviews in an easy and accurate manner, significantly reducing the time and effort required to evaluate candidates. 

23. Grammarly

Location: San Francisco, United States

Founded in: 2009

About the company: Grammarly is an online writing tool that you may use to correct spelling and grammar mistakes, detect plagiarism, and get writing clarity recommendations. This platform's ability to easily integrate with thousands of websites and applications on both desktop and mobile devices is one of its strongest features.

24. Adept AI

Location: San Francisco, California

Founded in: 2022

About the company: Adept is an enterprise AI solution that is responsible for handling manual, repetitive operations across many platforms that are utilized on a daily basis by organizations.

25. Shield AI

Location: San Diego, United States

Founded in: 2015

About the company: The primary expertise of this new AI company lies in defense operations. Trusted by some leading companies such as the US Navy, and the US Marine Corps, Shield AI leverages the capabilities of AI to develop smart fighter pilots, drones, and other technologies.  

26. Tempus

Location: Chicago, United States

Founded in: 2015

About the company: Tempus is among the top AI startups in the diagnostics field for healthcare. Tempus employs AI algorithms to assist medical practitioners in correctly interpreting test findings and providing their patients with the required care. 

27. BigPanda

Location: Redwood City, California

Founded in: 2012

About the company: BigPanda enables multiple teams to transform their IT operations with full-context AIOps. In this way, businesses can resolve issues faster, improve their service availability, and maximize efficiency. 

28. Nfinite

Location: Bordeaux, France

Founded in: 2017

About the company: Nfinite, currently regarded as one of the best AI startups, helps companies produce impactful, personalized product imagery on a large scale. Modern 3D Computer Generated Imagery (CGI) technology is employed to automatically create photorealistic product graphics.

29. Checkr

Location: San Francisco, United States

Founded in: 2014

About the company: Checkr is a well-known platform that uses AI and machine learning to help hundreds of businesses upgrade their background check procedures. 

30. Standard Cognition

Location: San Francisco, United States

Founded in: 2017

About the company:  Standard Cognition is an AI-powered customer vision platform, with the help of which businesses get to access a transparent view of what their customers are picking off the shelves, purchasing, and walking out without having to wait in queue to pay.

31. Notion

Location: San Francisco, California

Founded in: 2013

About the company: Notion helps you consolidate lead data, manage to-do lists, and create company wikis all in one convenient platform. It offers extensive features and customization options, making it a versatile information center.

32. Greenlight Guru

Location: Indianapolis, United States

Founded in: 2013

About the company: Greenlight Guru is an electronic quality management system based on cloud computing that was created especially for the medical device industry. Businesses can scale all of their quality management procedures, guarantee compliance, and increase efficiency with the aid of this platform.

33. Artera

Location: Santa Barabara, California

Founded in: 2015

About the company: This top AI startup specializes in digital solutions for patient interactions. Artera comprises features like real-time sentiment tracking powered by AI, live customer support, detailed analytics, and automated workflow management.

34. Jerry

Location: Palo Alto, United States

Founded in: 2017

About the company: Jerry is essentially an insurance comparison tool that harnesses artificial intelligence (AI) to locate the finest and most affordable car insurance on your behalf. It boasts other robust functionalities, such as car problem diagnosis, featuring incentives on good driving, and locating car repair shops.

35. Character.ai

Location: California, United States

Founded in: 2021

About the company: A recent entrant in the field of AI startups, Character.ai is the latest AI startup enables users to easily create and interact with characters. They've introduced a new feature called Character Voice, which provides access to a diverse library of pre-recorded voices for enhanced interaction.

36. Anthropic

Location: San Francisco, United States

Founded in: 2021

About the company: It is one of the well-known new AI startups that primarily deals with researching and creating reliable and beneficial AI systems. Anthropic recently gained immense popularity after it launched Claude, a generative AI chatbot that can converse with humans using natural language. 

37. Clarifai

Location: Washington DC, United States

Founded in: 2013

About the company: Clarifai is a computer vision artificial intelligence platform that meticulously recognizes and analyzes images, words, and audio using deep neural networks and machine learning. 

38. Perplexity AI

Location: San Francisco, United States

Founded in: August 2022

About the company: Perplexity AI is a free AI search engine that allows users to get all their queries answered. It is a reliable research partner that provides real-time information from trustworthy sources. One of the best features of this platform is that users get to access instant summaries of lengthy web pages with just a few clicks.

39. Waymo

Location: 2009

Founded in: Mountain View, California

About the company: Waymo offers an autonomous self-driving car service designed to provide safe and convenient transportation for both people and goods. It's considered one of the top AI startups to invest in, attracting attention from interested investors.

40. DataRobot

Location: Boston, United States

Founded in: 2012

About the company: DataRobot is a machine learning platform widely used by numerous data scientists and analysts globally. It enables them to quickly create and deploy accurate predictive models. Its various capabilities include an intuitive user interface, collaboration and transparency across the analytics team and beyond, instant ROI in analytical productivity, and more.

41. xAI

Location: San Francisco Bay Area, United States

Founded in: 2023

About the company:  xAI is one of the most prominently known upcoming AI companies, founded by Elon Musk. The main venture for xAI revolves around creating an AGI model that is completely safe and can reveal insights about the universe. 

42. Captions

Location: New York, United States

Founded in: 2021

About the company: Captions is a video editing studio driven by advanced technology. Users can effortlessly edit videos, add captions, or dub in different languages with just a few clicks using this platform.

43. Luma AI 

Location: San Francisco, United States

Founded in: 2021

About the company: Luma AI is a new AI company that allows users to create and render 3D models from simple text, images, or video input. From content creation, and product design to research and development, Luma AI is used by multiple companies worldwide. 

44. CaseText

Location: San Francisco, United States

Founded in: 2013

About the company: CaseText is one of the leading AI startup companies that facilitates online legal research.  It offers both conventional search functionality and CARA A.I.-powered contextual search, enabling lawyers to find the best cases faster. 

45. Deepnote

Location: San Francisco, United States

Founded in: 2019

About the company: Deepnote is an intuitive and user-friendly platform through which users can easily collaborate, explore, and share data, design and deploy machine learning models, and create interactive charts. Some of its many capabilities include pre-built templates, integrations with popular data science libraries and tools, and more. 

46. Tabnine

Location: Tel Aviv, Israel

Founded in: 2013

About the company: Used by millions of developers worldwide, Tabnine is one of the best AI startups that allows for faster and more efficient code completion, thereby boosting your code productivity. Two of its amazing capabilities include generating blocks of code based on natural language comments and suggesting full function completion, depending on the function declaration.

47. PhotoPrism

Location: Berlin, Germany

Founded in: 2018

About the company: PhotoPrism is essentially a decentralized search engine for images. It is open-source software that allows users to find specific images with its powerful AI search filters, extract metadata from Exif and other sources such as Google Photos, and guarantee top-notch privacy of user data.

48. Copyleaks

Location: Stamford, United States

Founded in: 2015

About the company: It is an AI-driven plagiarism detection tool that helps you identify paraphrased or similar-meaning texts. Copyleaks essentially works by comparing your texts with its database, which contains a plethora of website contents, and then generating an accurate report accordingly. 

49. Luxonis

Location: Littleton, Colorado

Founded in: 2019

About the company: Deemed to be one of the fastest-growing AI companies, Luxonis specializes in spatial AI and embedded machine learning for solving complex computer vision challenges.

50. Lily AI

Location: Mountain View, California

Founded in: 2015

About the company: Lily AI is a platform designed for the retail sector, enhancing consumer-retailer interactions by promoting consumer-centric language across retail operations.

51. Gradient AI

Location: Boston, Massachusetts

Founded in: 2018

About the company: Moving further down our list of new AI companies, Gradient AI is dedicated to providing AI solutions tailored for the insurance industry. It focuses on reducing claim costs, improving operational efficiency, and enhancing underwriting outcomes.

52. H20.ai

Location: Mountain View, United States

Founded in: 2011

About the company: H2O.ai plays a key role in developing and deploying AI applications, ensuring accuracy and speed throughout the machine learning lifecycle, particularly in tasks like classification, summarization, and paraphrasing.

53. Assembly AI

Location: San Francisco, United States

Founded in: 2017

About the company: As one of the leading startup AI companies, Assembly AI leads in automatic speech recognition and transcription. It offers advanced neural networks and machine learning tools to convert audio, video, and live streams into text.

54. Pinecone

Location: United States

Founded in: 2019

About the company: Pinecone is essentially a vector database that allows users to create high-performing generative AI applications. Some of its many capabilities include efficient query-planning, durable writes, intelligent retrieval, and multi-tenant layers, among others. 

55. CrowdStrike

Location: Austin, Texas

Founded in: 2011

About the company:  CrowdStrike harnesses AI-driven behavioral analytics and IOAs (Indicators of attack), to stay one step ahead of any adversaries related to cybersecurity. It offers expert-level protection and insights, allowing businesses to adapt effectively to new threats. 

56. Viz.ai

Location: San Francisco, California

Founded in: 2016

About the company: Viz.ai is an advanced care coordination solution that uses AI to analyze medical imaging data and automate assessments, improving the speed and accuracy of diagnosis and treatment.

57. Freenome

Location: San Francisco, United States

Founded in: 2014

About the company: Freenome is one of the biggest AI startups with a focus on developing blood tests to determine serious illnesses like cancer at early stages. They use machine learning models to identify biomarkers associated with tumors and other conditions, aiding in diagnosis.

58. MindsDB

Location: San Jose, California

Founded in: 2017

About the company: MindsDB is an open-source platform that allows users to create, train, and deploy machine learning models using SQL queries.

59. Mem AI

Location: Los Altos, United States

Founded in: 2019

About the company: Mem AI is an AI-powered note-taking app that includes features such as natural language search, automated tagging, and AI-guided writing.

60. Elicit AI

Location: Oakland, California

Founded in: 2023

About the company: Elicit AI is a research assistant that utilizes various language models to extract and summarize data from research papers. It assists users in accessing information quickly and efficiently.

Conclusion

This concludes our list of the best AI startups dominating the market in 2024. They're transforming productivity and efficiency, showcasing the limitless benefits AI brings to our daily lives.

The future of AI is characterized by increased automation for multiple businesses worldwide. Its ability to analyze massive amounts of data and convert its findings into visual formats will play a key role in the decision-making process.