Top 50 AI Startups to Blow Up In 2024

The artificial intelligence market is growing fast, with new AI companies springing up like mushrooms. While the technology has undergone development for years, the release of ChatGPT in November 2022 took AI hype to new heights.

Out of many companies developing AI solutions, we’ve picked the 50 best AI startups that are likely to blow up in 2024. We based our list on their past performance and how the generative AI and LLMs market is growing.

Table of Contents Table of Contents

1. Key Takeaways
2. How Many AI Startups Are There?
3. 50 Best AI Startups That Will Blow Up This Year
4. The Bottom Line
5. FAQs
6. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. How Many AI Startups Are There?
3. 50 Best AI Startups That Will Blow Up This Year
Show Full Guide
4. The Bottom Line
5. FAQs
6. References

How Many AI Startups Are There?

According to the global startup data platform Tracxn, there were 67,199 AI and machine learning startups and more mature AI companies on the market as of 10 January 2024.

The platform captures top AI startups developing technologies, infrastructure, software solutions, and apps “that enable machines to exhibit human-like intelligence.”

50 Best AI Startups That Will Blow Up This Year

1. OpenAI

Open AI develops large language models (LLMs) for consumers and enterprises. This top AI startup is primarily known for ChatGPT, an online chatbot that uses technologies like natural language processing (NLP) and natural language generation (NLG) to answer user questions and generate content. Also known for developing the popular text-to-image model DALL-E 3.

2. Anthropic

Anthropic is one of the top language model providers in the world, gaining traction for the creation of Claude 2.1, a chatbot and virtual personal assistant designed to generate ethically-aligned natural language output. It also supports input of up to 200,000 tokens so that users can input more information in a single prompt.

3. Stability AI

Stability AI created the open-source text-to-image model Stable Diffusion, which is known for developing highly detailed and realistic-looking images. This generative AI startup also offers other models such as Stable Audio, for generating high-quality music and sound effects; Stable Video, for building AI video models with Stable Diffusion; and Stable Zero123, for rendering 3D objects from images.

4. Perplexity AI

Perplexity AI offers users an AI-powered search engine, which will respond with natural language text complete with sources and translations. The company also offers a paid version – the Perplexity Pro plan for $20 per month, which enables users to choose between models including Google Gemini, Mistral 7B, Claude 2.1, and GPT-4.

5. DeepL

DeepL has developed quite a following by developing an AI-driven, translation-as-a-service solution for consumers and enterprises. This AI startup offers support for 31 languages and AI edits, has the translation capabilities to keep up with Google Translate, and even surpasses it in some areas.

6. Jasper

Jasper is an AI content platform that offers users a copilot, which they can use to create content specifically for marketing use cases. One of the unique capabilities offered by Jasper is the ability to scan existing tone of voice and style guide documents to absorb your brand’s tone of voice.

7. Grammarly

Grammarly is a writing assistant that uses AI to help spell-check and proofread user content. Grammarly also incorporates generative AI so that users can enter a prompt to generate text on demand, understanding the overall content to generate original content.

8. AI21 labs

AI21 Labs has grown considerably due to its flagship solution, AI21 Studio. With AI21 Studio, developers pay for access to infrastructure to create custom business apps powered by the organization’s proprietary generative AI models, such as the Jurassic-2 model.

9. Inflection AI

Inflection AI is an AI studio developing a customizable AI personal assistant Pi. Users can ask questions to and interact with Pi via iOS or Android apps, or pi.ai, WhatsApp, Instagram, and Facebook.

10. Databricks

Databricks is a data intelligence platform that enables users to analyze their data for insights with natural language. The platform gives organizations the option to create, run, or deploy their own AI models.

11. Scale AI

ScaleAI’s data engine provides enterprises with a solution to collect, curate, and annotate data with labels. This high-quality data can then be used to train models and get better results. Scale AI partners with third-party AI models from providers including OpenAI, Anthropic, Google PaLM, and Cohere.

12. Cohere

Cohere provides proprietary large language models to build conversational apps with Retrieval Augmented Generation (RAG) capabilities. RAG increases the reliability of generative AI models with facts fetched from external sources, for example, your enterprise data. This means LLMs can search text, answer questions, and complete tasks more accurately.

13. Inworld AI

Inworld AI provides a character engine for developers to create AI-driven non-playable characters (NPCs). It uses multimodal AI to mimic human conversations, voices, movements, and emotions, to provide high-quality and immersive interactions with the characters that populate virtual worlds.

14. Mosaic ML

Mosaic ML provides organizations with the infrastructure to train their own multi-billion parameter ML models. The service includes access to NVIDIA A100s and H100s under a scalable pay-as-you-consume model. Models created with Mosaic’s solutions are fully owned by the creator. The company was acquired by DataBricks in June 2023.

15. Mistral AI

Mistral AI is known primarily for creating open-weight models – including Mistral 7B and Mistral 8x7B, the latter of which has outperformed Llama 2 on many performance benchmarks. The organization also offers a mix of pay-as-you-go access to its models and open-source models available under the Apache 2.0 License.

16. Pika

Pika is an AI video platform with over 500,000 users that can be used to generate video content from captions and images. With Pika 1.0 users can use AI to generate and edit videos in a range of styles, including 3D animation, anime, cinematic, and more.

17. Dataiku

Dataiku is a platform that developers can use to build generative AI and data analytics applications for the enterprise. As part of this focus, it offers a range of solutions for testing and deploying AI applications. This includes generative AI-powered data preparation, AutoML feature engineering, and a smart assistant.

18. Metropolis

Metropolis uses AI and computer vision to provide checkout-free payment options for drivers. Users can drive into a parking space and be charged until they drive out automatically, and they can receive an electronic receipt without the need for a ticket machine.

19. Abnormal Security

Abnormal Security is a cloud-native email security platform that uses AI to automatically duct email threats such as social engineering attacks, while identifying whether user accounts have been compromised and logging them out.

20. Waymo

Waymo is a self-driving autonomous vehicle startup owned by Google’s parent company Alphabet. The organization’s electric-powered vehicles can travel in San Francisco and Phoenix and will soon be able to function in Los Angeles and Austin, Texas.

21. Coreweave

Coreweave is a cloud service provider backed by NVIDIA that enables users to train and fine-tune AI and ML models at scale, providing access to a range of NVIDIA GPUs with support from proprietary auto-scaling technology to help manage models as efficiently as possible.

22. Runway ML

Runway ML is a generative AI startup most known for creating Gen-2, a model that generates videos from text, images, and video clips. The model also offers a feature called Motion Brush, which allows users to use a brush to add movement to still images. Users also have the option to remix the style and composition of existing images.

23. Synthesia

Synthesia provides a solution for creating AI-generated avatars and voiceovers in over 120 languages. Users have the option to write their own scripts or can generate these with AI prompts.

24. Adept AI

Adept is a startup known for developing Action Transformer (ACT-1), an AI model that comprehends and executes high-level user requests. Human users can enter natural language instructions, and the model takes the necessary actions on a computer. So far, the organization has taught ACT-1 how to use a web browser and carry out specific tasks on Salesforce.

25. Harvey.ai

Harvey builds custom LLMs for law firms to help them confront legal challenges. This includes answering legal questions, conducting research, and editing legal documents. Harvy also anonymizes user data and deletes it periodically or upon request.

26. Shield AI

Shield has created an AI pilot called Hivemind, which can operate drones and aircraft autonomously without GPS. Hivemind is deployed as a digital copilot for the U.S. Air Force, including the F-16 fighter jet, UAVs like the V-BAT, and indoor drones like Nova 2.

27. AlphaSense

AlphaSense is an AI-driven market intelligence platform using AI and NLP to gather insights from a content library of over 300 million external documents, broker research, and proprietary data to help financial service institutions and enterprises improve their decision-making.

28. Tempus

Tempus combines AI with one of the world’s largest libraries of clinical and molecular data to help physicians personalize patient care while streamlining the discovery of treatment options.

29. DataRobot

DataRobot is an augmented intelligence platform that uses generative AI and predictive AI to help users create, deploy, and manage generative apps. This also includes monitoring model performance at scale, controlling model access, and managing risk.

30. Drata

Drata is a compliance and automation platform designed to automate organizations’ compliance with GDPR, HIPAA, PCI DSS, ISO 27001, and SOC 2 regulatory standards.

31. BigPanda

BigPanda is an AIOps platform developed to help human users identify critical alerts faster. The company claims to be able to help users identify critical alerts in 30 seconds and save up to 20 hours per incident.

32. Dataminr

Dataminr is a real-time information discovery platform that uses deep learning to detect events and alert human users so they can respond. Predictive AI and generative AI then add context to the alerts with geospatial data so that organizations can more effectively follow up.

33. People.AI

People.AI is a revenue intelligence solution designed to collect data and give sales, marketing, and customer success teams insights to discover new revenue opportunities.

34. H2O.ai

H20.ai is an AI startup that uses generative AI to assist knowledge workers. h2oGPT can retrieve proprietary data, answer questions about various internal documents, and privately host LLMs.

35. Nfinite

Nfinite is a platform that uses AI, CGI, and 3D technology to allow the user to create product visuals automatically. Users can upload a product catalog for 3D modeling, modify the style of visuals, and then export to measure performance.

36. Palantir Technologies

Palantir Technologies is a big data analytics platform that continuously improves AI and machine learning models based on user decisions and feedback. Organizations also can customize and deploy homemade, open-source, and third-party algorithms.

37. Checkr

Checkr is an HR company that uses AI to run background checks on potential employees. The platform allows users to customize workflows, generate reports, and monitor candidates while integrating with over 100 third-party systems.

38. Mashgin

Mashgin offers an AI-powered self-checkout service, combining a camera and AI to scan items placed on a tray automatically. This is done without needing to scan a barcode. Mashgin is in over 3,500 locations across the U.S.

39. Standard Cognition

Standard Cognition is known for offering a checkout-free shopping service. For instance, Standard Checkout allows shoppers to checkout via an app, while the Vision OS retail optimization solution uses AI, cameras, and the cloud to offer insights into shopper behavior.

40. Observe AI

Observe AI uses a contact center LLM to gather insights from customer interactions, which enterprises can use to enhance sales and other outcomes. An AI engine with conversational intelligence enables the solution to process customer interactions and understand conversations. The solution comes with speech recognition to transcribe calls.

41. Assembly AI

Assembly AI is a vendor creating speech AI models that can process human speech. Assembly AI’s Conformer-2 model is trained on 1.1 million hours of voice data and has achieved high accuracy on speech-to-text and speaker identification tasks. Notable customers include Fireflies.ai.

42. Jerry

Jerry’s AllCar app leverages AI and machine learning to offer a car insurance comparison service. With AllCar, users can find insurance rates from over 50 companies, refinance car loans, estimate repair and maintenance on an owned vehicle, and monitor their driving score.

43. X.AI

Elon Musk’s AI startup X.AI is the team behind the humorous generative AI-driven chatbot Grok, which is modeled after the Hitchhiker’s Guide to the Galaxy and has real-time knowledge of current events on the X platform. Grok is upheld by the Grok-1 LLM, which has reportedly achieved 63.2% on HumanEval coding tasks and 73% on Massive Multitask Language Understanding (MMLU).

44. Captions

Captions offers an AI-powered creative studio for users to edit and enhance their video content. Captions can automatically generate subtitles in another language, edit the background, remove audible filler words and background noise, correct mistakes, and edit lip movements in post-production.

45. Character.ai

Character.ai is a chatbot that allows users to create characters and ask them questions via text. Character.ai uses neural language models to estimate what words could be used to respond to a user’s input. The company also recently announced the launch of Character Voice, a feature enabling users to choose from various pre-made voices.

46. Leena AI

Leena AI is a vendor that recently launched WorkLM, a proprietary LLM built with over 2TB of training data to generate insights into employee experience. Users can ask WorkLM questions or even execute tasks in real-time.

47. Luma AI

Luma AI is most notable for producing the generative 3D foundational model, Genie. Genie enables users to create 3D objects via text input. Genie can be accessed via a smartphone app or Discord.

48. Magic.Dev

Magic.Dev is creating a code-generation assistant to help developers write, review, and debug code in natural language. The end goal is to make creating code easier and more cost-efficient.

49. MindsDb

MindsDb has built a solution that enables developers to build AI applications with SQL. It does this by abstracting LLMs, time series, regression, and classification models as virtual tables while using SQL to manipulate and fine-tune the data in the database.

50. Pinecone

Pinecone offers a serverless vector database that can be used to build high-performance and low-cost generative AI applications. Pinecone provides a range of interactions with third-party providers, including AWS, Azure, Cohere, Confluent, Databricks, Datadog, Google Cloud Platform, LangChain, OpenAI, and Snowflake.

The Bottom Line

The AI market has plenty of prospects that are in a position to grow fast. All the top AI startups on the list have demonstrated a promising ability to leverage AI in the consumer and enterprise markets. How these companies and their solutions will evolve over the next 12 months remains to be seen.

FAQs