Ai Startups

In 2024, artificial intelligence is no longer the exclusive domain of technologists and futurists;

it has firmly entered the mainstream. From fine-tuning our online shopping experiences to writing our emails, AI is now an integral part of everyday life. According to Crunchbase data, Q2’s total of $24 billion was the largest amount raised in a single quarter for the AI sector in recent years.

Far from threatening to upend human existence, ai startups are focused on more practical goals: automating tasks, improving efficiency, and solving problems at scale. In this article, we represent the top AI startups of 2024, revealed by our proprietary algorithm—SB Score—which takes into account factors such as website traffic, investment, and quarterly employee count to rank startups powered by our data partners Crunchbase and Semrush.

While some of these startups are working on creating their own artificial intelligence, others integrate existing AI solutions, such as OpenAI, into their platforms to disrupt their industries.

What is an AI Startup?

An AI startup is a company that develops products or services rooted in artificial intelligence, with the aim of solving complex problems or improving efficiency.

These businesses go beyond traditional software development by focusing on technologies that enable machines to learn, adapt, and make decisions, often mimicking human capabilities in areas such as language processing, image recognition, and decision-making.

For example, startups like OpenAI, with its groundbreaking language model GPT, are advancing natural language processing, while companies like DeepMind have pushed the boundaries of AI in healthcare through their research in protein folding.

Types of AI Startups

AI is a versatile technology that not only drives innovation on its own but also integrates into various industries, reshaping fields like Healthtech, Fintech, and more. Here are some key types of AI startups leading the charge across different sectors:

Generative AI Startups: Generative AI creates new content—whether it’s text, images, or music—based on simple prompts. These startups are transforming creative industries by helping businesses generate content, write articles, or design product prototypes. Examples include OpenAI’s GPT and DALL·E, which assists in both creative and professional tasks.

Novel AI Startups: Novel AI startups push the boundaries of traditional AI applications, often focusing on specialized fields like healthcare or environmental science. These companies create new frameworks, such as AI-driven drug discovery or climate modeling, to unlock previously unreachable solutions.

Natural Language Processing (NLP) Startups: NLP startups develop AI systems that understand and interpret human language, enabling seamless communication between humans and machines. From chatbots to voice assistants, NLP is integral to industries like Fintech (fraud detection) and Healthtech (transcribing medical notes). Companies like DialogueFlow and Grammarly are leaders in this space.

Machine Learning Startups: Machine learning enables systems to learn from data and improve without explicit programming. These startups power personalized recommendations in e-commerce and credit risk analysis in Fintech, making machine learning one of the most adaptable and widespread AI technologies.

Computer Vision Startups: Computer vision allows AI to analyze and interpret visual data, from recognizing faces to detecting medical conditions in scans. In healthcare, it aids early disease detection, while in autonomous vehicles, it helps cars navigate safely.