AI is at the heart of digital disruption and on its way to becoming one of the biggest game-changers in the next few years. Early adopters of AI are reaping significant benefits and have differentiated themselves from the rest. As a result, the AI sector is garnering the attention of numerous investors globally, increasing the number of AI unicorns in just a few years. In India itself, as many as 11 startups earned unicorn tags during the black swan year 2020.
This article lists all the AI companies that have reached a valuation of $1 billion or more.
1) Argo AI
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Funding: $3.6B
Valuation: $7.52 B
Founded in: 2016, Pennsylvania
A technology platform company, Argo AI, is creating integrated self-driving systems. These are manufactured at scale for safe and reliable deployment in ride-sharing and goods delivery services. Along with Ford and Lyft, Argo AI is planning to launch a self-driving ride-hailing service in the US.
2) Anduril
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Funding: $691M
Valuation: $4.6 B
Founded in: 2017, California
A defence product company, Anduril Industries, builds technology for military agencies and border surveillance. It uses technical solutions to overcome national security challenges. The company makes defence hardware, including long-flying drones and surveillance towers that connect to its shared software platform- Lattice. It has also picked up contracts with Customs and Border Protection and the Marine Corps.
3) OpenAI
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Funding: $1 B
Valuation: $2.92 B
Founded in: 2015, California
OpenAI is an AI research company working to ensure that AGI benefits all of humanity. They are working on building safe and beneficial AGI and on aiding others in doing so as well. OpenAI has developed powerful AI tools, including GPT-3, Copilot and most recently, its revamped Codex.
4) 6Sense
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Funding: $226M
Valuation: $2.1B
Founded in: 2013, San Francisco
6sense is an AI-based sales and marketing platform that works to uncover anonymous buying behaviour and enables individuals to engage resistant buying teams with personalised campaigns. 6sense has patented technology for its approach called “ID graph.”
5) Preferred Networks
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Funding: $147.2 M
Valuation: $2B
Founded in: 2014, Japan
Preferred Networks aims to develop practical, real-world applications of deep learning, robotics and other latest technologies. The company is working in three sectors - transportation, manufacturing and bio-healthcare to explore the use of deep learning in personal robots, plant optimisation, materials discovery, sports analytics and entertainment.
6) Aibee
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Funding: $173.5M
Valuation: $1.2B
Founded in: 2017, Beijing
Aibee is building total AI solutions to close the loop among data, algorithms, technologies, and products. It uses modern AI technology to improve the efficiency, productivity and business of their industries. For example, the company digitises space, people, and products for brick-and-mortar retailers.
7) Dataiku
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Funding: $646 M
Valuation: $4.6B
Founded in: 2013, NY
Dataiku is an enterprise AI/ML platform for everyday AI, to systemise data for better business results. Dataiku Online allows enterprises to receive instant access to everything they need to develop their AI and analytics projects.
8) Outreach
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Funding: $464 M
Valuation: $4.4B
Founded in: 2014, Seattle
Sales engagement platform Outreach uses AI for predictive analytics for sales. Outreach provides tools for salespeople to help identify and reach out to prospects, improve customer relationships, and close deals.
9) NotCo
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Funding: $360 M
Valuation: $1.5B
Founded in: 2015, Chile
NotCo is a food technology company that utilises AI to make plant-based food that looks, tastes like animal meat/product. The company’s four product lines are NotMilk, NotBurger and NotMeat, NoticeCream and NotMayo.
10) Olive
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Funding: $856 M
Valuation: $4B
Founded in: 2012, Ohio
Olive is building an AI workforce for the healthcare industry to bring a humanised and empathetic approach to healthcare automation. Olive’s digital AI employee ‘her’ is in place at more than 900 hospitals in over 40 U.S. states, including more than 20 of the top 100 U.S. health systems.
Source: Forbes
11) Udacity
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Funding: $239.4 M
Valuation: $1B
Founded in: 2011, California
Udacity is an online platform for learning courses on artificial intelligence, machine learning, and robotics. The programs include practitioner skills through a series of “Nanodegree” programs consisting of online classes, real-world projects, and collaboration lectures with expert instructors from AT&T, Google, Facebook, Mercedes-Benz, and NVIDIA.
12) Feedzai
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Funding: $277.5 M
Valuation: $1B
Founded in: 2009, California
Feedzai is a risk management platform leveraging big data and machine learning. The software provides banks and financial companies, managing online payments, with AI tools to spot and fight fraud. Its customer base includes four of the five largest banks in North America and 80 per cent of the world’s Fortune 500 companies.
13) Interos
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Funding: $128.4 M
Valuation: $1B
Founded in: 2005, Virginia
Interos is an AI-powered supply risk management firm that continuously monitors a company’s supply chain and business relationships to avoid disruptions. Led by CEO Jennifer Bisceglie, Interos is one of the few female-led unicorns in the current market. Several Fortune 500 companies like the U.S. Department of Defense and NASA use Interos’ for timely warnings.
14) Dialpad
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Funding: $230 M
Valuation: $1.2 B
Founded in: 2011, California
Dialpad is a cloud communications platform that uses AI to make it easier to connect and collaborate with teammates. The company’s AI features include a note-taking service, call transcripts, and sentiment analysis.
15) Clari
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Funding: $271 M
Valuation: $1.6 B
Founded in: 2012, California
Clari is a forecasting platform that provides end-to-end sales analytics. The company’s customers include HPE, Workday, and Adobe. They are now expanding beyond this vertical to introduce more products.
16) Plus
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Funding: $520M
Founded in: 2016, California
Plus develops self-driving trucks that use AI to enable large-scale commercialisation of autonomous transport. During the pandemic, the company signed a contract with Amazon that purchased at least 1,000 Plus Retrofit units for its delivery fleet in a deal worth up to $150 million.
17) Babylon
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Funding: $631 M
Valuation: $2B
Founded in: 2013, England
Babylon aims to provide accessible, affordable healthcare using AI. The company’s AI symptom checkers provide advice on the basis of its algorithm that correlates the patient symptoms and medical history.
18) Tempus
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Funding: $1.1B
Valuation: $8.1B
Founded in: 2015, Chicago
Tempus is a healthcare company that is advancing precision medicine through the practical application of AI. This year, the firm had a breakthrough in its technology for oncologists, Tempus ONE. It is a portable device with an unparalleled library of multi-modal data to life that offers physicians real-time access to all the clinical insights and data contained in Tempus’ genomic reports.
19) Pony.ai
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Funding: $1.1 B
Valuation: $5.3B
Founded in: 2016, California
Pony.ai is an AI-based company building full-stack autonomous driving solutions. Pony’s platform, PonyAlpha, leverages lidars, radars, and cameras to keep tabs on obstacles up to 200 meters from its self-driving cars. During the pandemic, the company used its technology to deliver 15,000 packages of food and health kits in California.
20) Innovaccer
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Funding: $229 M
Valuation: $1.3B
Founded in: 2014, California
Innovaccer is a platform for healthcare data activation that delivers healthcare through analytics. The company’s recent launch, ‘The Innovation Accelerator’ program, aims to empower partners and digital health innovators by leveraging its cloud to collect, connect, and activate healthcare data.
21) Eightfold
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Funding: $396M
Valuation: $2.1B
Founded in: 2016, California
Eightfold is an AI talent management platform that helps companies find, recruit, and retain workers. The system finds the most relevant job for a candidate based on their resume, reducing the drop-off rate. The company has clients in over 100 countries and offers services in over a dozen languages.
22) Gong
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Funding: $583 M
Valuation: $7.25B
Founded in: 2015, California
Gong.io uses AI to deliver revenue insights at scale. Gong’s software captures sales conversations across phone, email, and web conferences, and analyses this data using AI/ML, and presents the sales team with critical insights to boost their sales performance.
23) Relativity Space
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Funding: $1.3 B
Valuation: $4.2B
Founded in: 2015, California
Relativity Space is an aerospace company leveraging AI to design, develop, and build 3D printed rockets. Relativity has printed around 85% of the rocket, Terran 1, that will perform the company’s first orbital flight at the end of this year.
24) Standard Cognition
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Funding: $238M
Valuation: $1B
Founded in: 2017, California
Standard Cognition has created an autonomous checkout tool for retail stores. Standard is also piloting its system, which uses AI-driven cameras to track and bill customers for items they take from store shelves.
25) Skydio
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Funding: $340M
Valuation: $1B
Founded in: 2017, California
Skydio is a drone manufacturer for autonomous flight. The company leverages AI to create intelligent flying machines for use by consumer, enterprise, and government customers.
26) Tonal
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Funding: $450 M
Valuation: $1.6B
Founded in: 2015, California
Tonal is a smart home gym using AI to improve coaching for strength training. Tonal’s equipment attaches to any wall and allows bodybuilders to lift up to 200 pounds in one-pound increments. Its system of magnets and algorithms makes thousands of calculations a second to adjust on the fly and to deliver inertia-free resistance. The company has also expanded into the hospitality space with installations in luxury hotels such as Four Seasons Palo Alto, JW Marriott Anaheim, etc.
27) Sisense
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Funding: $274 M
Valuation: $1.1B
Founded in: 2004, New York
Sisense is an AI-driven platform that helps organisations and businesses to derive insight from complex data. It allows users to combine data and uncover important features in a single interface without scripting, coding or assistance from IT.
28) Harness
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Funding: $195 M
Valuation: $1.7B
Founded in: 2016, California
Harness is a Continuous Delivery as-a-Service platform for engineering and DevOps teams to release applications into production. It uses AI techniques to automate software deployments, monitor their quality, and enable rollbacks when flaws are discovered.
29) Vectra
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Funding: $352.5M
Valuation: $1.2B
Founded in: 2011, California
Cybersecurity platform Vectra uses AI to detect attackers in real-time and perform conclusive incident investigations. In addition, the company monitors both on-premise and cloud-based networks for intrusions.
30) Graphcore
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Funding: $682M
Valuation: $2.77B
Founded in: 2016, Bristol
Graphcore has built the Intelligence Processing Unit (IPU), a microprocessor designed for AI and machine learning applications. Its products include the second generation of its flagship chip - the GC200, an IPU Machine that runs on it - the M2000. The company claims this to be the first AI computer to achieve a petaflop of processing power “in the size of a pizza box.”
Source: We Forum
31) SenseTime
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Funding: $2.6B
Valuation: $12B
Founded in: 2014, Beijing
SenseTime is an AI company for innovative computer vision and deep learning technologies. Their business model encompasses facial recognition, robot delivery, smart health and education.
32) Tractable
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Funding: $119.9M
Valuation: $1B
Founded in: 2014, London
Tractable is a software company leveraging AI for accident and disaster recovery. It works with insurance companies to take and submit photos of damaged cars that are then “read” to make appraisals. The company is working with more than 20 of the top 100 global auto insurers.
33) Cognite
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Funding: $225.2M
Valuation: $1.6B
Founded in: 2017, Norway
Cognite has an industrial IoT data platform that enables the digital transformation of heavy-asset industries.
34) HighRadius
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Funding: $475M
Valuation: $3.1B
Founded in: 2006, Texas
HighRadius is a SaaS company that uses AI for its order-to-cash and treasury management software. HighRadius has 400+ customers, including over 200 of the Forbes Global 2000 such as Walmart, Nike and Procter & Gamble. The company claims to process more than $1 trillion in transactions per year.
35) Trax
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Funding: $1B
Valuation: $1.3B
Founded in: 2010, Singapore
Through its computer vision intelligence, Trax provides in-store execution tools, market measurement services, and data science solutions for retail. The company recently got into a partnership with Stor.ai to simplify online orders for retailers.
36) Alation
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Funding: $192M
Valuation: $1.1B
Founded in: 2012, California
Alation offers an ML-based data catalogue to assist people in finding, understanding, and trust data across their organisations. In addition, Alation’s Behavioral Analysis Engine (BAE) spots behavioural patterns through AI.
37) Tekion
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Funding: $185.1M
Valuation: $1B
Founded in: 2016, California
Tekion is a cloud platform leveraging AI for a personalised and seamless consumer experience. Tekion’s cloud-based subscription service is now used by dealers in over half of U.S. states and 17 car manufacturers.
38) Sema4
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Funding: $241M
Valuation: $2B
Founded in: 2017, Connecticut
Sema4 leverages AI/ML to analyse patient data to provide insights to transform the practice of medicine. It is a disruptive AI-driven genomic and clinical data platform company that drives insights on how the disease is diagnosed, treated, and prevented.
39) WeRide
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Funding: $620 M
Valuation: $3.3B
Founded in: 2017, China
WeRide is an autonomous driving company leveraging AI to build its systems. The startup has launched a robot taxi service in 2019 and has recently acquired autonomous trucking firm MoonX.AI and is now working on autonomous buses.
40) Shift Technology
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Funding: $320 M
Valuation: $1B
Founded in: 2013, France
Shift Technology provides the global insurance industry with AI-driven decision automation and optimisation technology.
41) Highspot
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Funding: $396 M
Valuation: $2.3B
Founded in: 2012, Washington
Highspot is an AI-based sales enablement platform that companies can use to improve the performance of their sales teams by turning strategic initiatives into business outcomes. Its customer base includes DocuSign, General Motors, John Deere, Nestle, and Verizon Media.
42) BigID
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Funding: $256 M
Valuation: $1.25B
Founded in: 2016, New York
BigID is using AI to create software that helps companies secure customer data and comply with privacy regulations. BigID uses AI, ML, and deep learning applications to add context to independent data points and correlate data into individual identities.
43) Icertis
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Funding: $291 M
Valuation: $2.8B
Founded in: 2009, Washington
Icertis is an AI-powered contract management platform that ensures compliance and minimises risk. The company has been named in Forbes 2021 Cloud 100, which ranked top companies in cloud.
44) PatSnap
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Funding: $351 M
Valuation: $1B
Founded in: 2009, Singapore
PatSnap is an innovation intelligence platform for IP and R&D. Its software called “innovation intelligence” helps enterprises analyse their R&D strategies, keep track of competitors, and identify potential partners.
45) Horizon Robotics
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Funding: $1.6B
Valuation: $5B
Founded in: 2015, China
Horizon Robotics uses artificial intelligence computing for smart mobility. Horizon Robotics makes AI chips for autonomous vehicles and machines, along with customised software for the chips. The company is backed by Intel and is currently weighing a US IPO.
46) Hive
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Funding: $120 M
Valuation: $2B
Founded in: 2013, California
Hive ensures intelligent automation by providing cloud-based enterprise AI solutions. Hive is a full-stack AI company providing solutions in computer vision and deep learning-based industry-specific use-cases.
47) Verbit
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Funding: $319 M
Valuation: $1B
Founded in: 2017, New York
Verbit leverages AI to disrupt captioning and transcription with speed and automation. Verbit’s captioning is powered by three algorithms — acoustic, linguistic, and contextual. In addition, the company claims 99.9 per cent accuracy in detailed transcriptions through adaptive speech recognition tech.
48) Vise
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Funding: $128 M
Valuation: $1B
Founded in: 2016, New York
Vise assists financial advisors with its AI-driven portfolio management platform. Its platform gives independent financial advisors the same level of data as advisories with their own analysts.
49) Lightricks
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Funding: $205M
Valuation: $1B
Founded in: 2013, Jerusalem
Lightricks combines advanced technologies from computer vision, computer graphics, and image processing into mobile products. The company’s software ‘Quickart’ is an artistic photo editor that comes with filters and advanced effects for novice editors.
50) Phenom People
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Funding: $161 M
Valuation: $1.4B
Founded in: 2010, Pennsylvania
Phenom is a recruitment platform that helps companies attract new talents using AI. It provides an all-in-one solution for personalised job and content recommendations, chatbots, and a content management system.
51) Tenstorrent
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Funding: $234 M
Valuation: $1B
Founded in: 2016, Canada
A computing company, Tenstorrent, develops processors to help in faster training and adaptability to future algorithms.
52) DataRobot
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Funding: $1 B
Valuation: $6.3B
Founded in: 2012, Boston
DataRobot is working on bringing AI technology and ROI enablement services to global enterprises. DataRobot’s platform runs on cloud platforms, on-premise data centres, and can be used by customers to monitor models from a dashboard, test, run, and maintain the models to optimise outcomes.
53) Afiniti
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Funding: $197 M
Valuation: $1.6B
Founded in: 2006, Hamilton
Afiniti predicts patterns of behaviour through AI to identify and improve the quality of interpersonal interactions for businesses.
54) VAST Data
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Funding: $263 M
Valuation: $3.7B
Founded in: 2016, New York
VAST Data is a software company aiming to end complex storage tiering and unlock the ability to use flash across the enterprise. The company claims to have the ideal architecture to accelerate, scale and simplify DGX-A100 clusters.
55) Uptake Technologies
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Funding: $218 M
Founded in: 2014, Chicago
Uptake Technologies designs and develops enterprise software. Its industrial analytics platform delivers products to major industries to increase productivity and security.
56) Morning Consult
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Funding: $91 M
Valuation: $1B
Founded in: 2014, Washington
Morning Consult is a global enterprise company working on delivering intelligent data to power better decisions. The company has access to 100 million clients globally, representing more than half of the Fortune 500 companies.
57) Mobvoi
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Funding: $252 M
Valuation: $1B
Founded in: 2012, Beijing
Mobvoi works in the space of Chinese language speech recognition, natural language processing, and vertical mobile search. The company focuses on advancing voice interaction and hardware-software integration while providing B2B and B2C AI products.
58) Fiture
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Funding: $391 M
Valuation: $1B
Founded in: 2019, China
Fiture is a smart household fitness equipment company. In the last two years alone, the company raised more than $400 million from investors such as Tencent and Sequoia Capital. Co-founder Richard Zhang said in an interview recently that the company has a 100 per cent market share. Earlier this year, the company introduced a wall-mounted smart display screen that offers AI feedback and workout classes.
59) Meero
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Funding: $293 M
Valuation: $1B
Founded in: 2016, France
Meero uses AI to provide enhanced photography services. For example, Meero uses AI for post-production processing of large batches of images for businesses like eCommerce or travel.
60) Zuoyebang
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Funding: $2.9 B
Valuation: $10B
Founded in: 2014, China
Zuoyebang uses cutting-edge technologies to facilitate quality education in low tier cities. Zuoyebang offers online courses, live lessons and homework help for kindergarten to 12th-grade students and claims about 170 million monthly users.
61) MEGVII
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Funding: $1.4 B
Founded in: 2011, China
Megvii is a company building the AI Engine that is a core fundamental technology to power AI applications. Megvii designs image recognition and deep-learning software for businesses and the public sector.
62) ECARX
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Funding: $394 M
Valuation: $1.49 B
Founded in: 2016, China
ECARX is an AI-based traffic assistant for cars. It has recently invested 15 per cent in Zensect to further Zensect’s quest to continue developing leading and safe AD and safety technologies.
63) HeadSpin
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Funding: $80 M
Valuation: $1.16 Billion (As on February 2020)
Founded in: 2015, California
HeadSpin is a Digital Experience AI Platform that combines a global device infrastructure, test automation, and ML-driven analytics. HeadSpin aims to address the need for global testing, performance monitoring, and QoE management. The platform assures an optimal digital experience for its users.
64) 4Paradigm
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Funding: $1.1B
Valuation: $2B
Founded in: 2014, China
4Paradigm is an AI tech firm assisting enterprises to improve work efficiency and reduce risk to attain a greater commercial value. It boosts performance in targeted client-booking, personalised recommendation, application anti-fraud, transaction anti-fraud, overdue, liquidity management, smart collection, and disposal of non-performing assets.
65) Scale AI
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Funding: $ 602 M
Valuation: $7.3 B
Founded in: 2016, California
Scale AI, a data platform for AI, provides high-quality training data for leading machine learning teams. The company annotates images for the AI system used in robots, self-driving cars, and drones.
66) Contentsquare
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Funding: $ 812 M
Valuation:$ 2.8 B
Founded in: 2012, France
Contentsquare is a digital experience analytics platform for businesses to track online customer behaviour. Contentsquare automatically locates issues and opportunities derived from behavioural, performance, content, product, and pricing data.
67) MiningLamp
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Funding: $786 M
Valuation: $1.19 B
Founded in: 2014, Beijing
MiningLamp is a platform where clients can build their own knowledge graphs and apply AI to their business to transform data into insights. The company has been called “China’s Palantir” owing to its similarities to the US data analytics firm. MiningLamp’s partner sectors include urban digitalisation, marketing and government affairs.
68) Moveworks
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Funding: $305 M
Valuation: $2.1 B
Founded in: 2016, California
Moveworks’ AI platform revolutionises companies’ support for their employees. Moveworks aims to ease the IT burden with a combination of natural language understanding, conversational AI, and semantic search.
69) Dataminr
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Funding: $1.1B
Valuation: $4.1 B
Founded in: 2009, New York
Dataminr’s AI platform is designed for real-time event and risk detection. Dataminr’s real-time AI platform detects the earliest signals of high-impact events and emerging risks from within a company.
70) Enflame
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Funding: $472 M
Valuation:$ 1.24 B
Founded in: 2018, China
Enflame develops cloud-based deep learning chips for AI training platforms that are used in data centres. In addition, the company is working in the growing domestic industry for semiconductors in China.
Source: CB Insights
71) Collibra
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Funding: $346 M
Valuation: 2.36 B
Founded in: 2008, Brussels
Collibra delivers the only end-to-end data intelligence platform to accelerate digital business transformation. The company believes in matching the people and processes to find, trust, build and collaborate through access to the right data.
72) Databricks
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Funding: $1.9 B
Valuation: $28 B
Founded in: 2013, California
Databricks is a data and AI company for corporate information stored in the public cloud. Databricks combines the best of data warehouses and data lakes into a lake house architecture.
73) AInnovation
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Funding: $131 M
Valuation: $1 B
Founded in: 2018, Beijing
AInnovation provides AI-based products and services to client companies. The company’s mission is to use AI to empower business value. It uses cutting-edge AI technology to help traditional industries reduce cost, and improve efficiency and business value.
74) ASAPP
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Funding: $380 M
Valuation: $1.6 B
Founded in: 2014, New York
ASAPP is advancing AI to drive greater human productivity and automating business workflows. It claims to be the first ‘no-nonsense’ group chat packaged with a personal assistant for the workforce.
75) Terminus Technologies
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Funding: $529 M
Founded in: 2015, Beijing
Terminus Technologies is a city-level platform operator in China, leveraging AI and IoT. The company is committed to becoming a leading global force behind the intelligent transformation of global cities.
76) Intellifusion
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Funding: $173.5 M
Valuation: $1 B
Founded in: 2014, China
Intellifusion's vision processor uses AI for public safety and supercomputing. The firm’s AI solutions for public safety, social governance, new business, and AIoT have been applied in more than 100 cities.
77) Inspur Cloud
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Funding: $3B
Founded in: 2010, China
Inspur Cloud provides data centre and cloud computing solutions worldwide. Inspur ranks among the world’s top-three server manufacturers.
78) Squirrel AI Learning
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Funding: $141.3 M
Founded in: 2014, Shanghai
Squirrel AI Learning is the first pure-play AI-powered adaptive education provider in China. It uses AI to tailor lesson plans to each individual student by using some of the largest databases.
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