The global data science market was valued at around 3.93 billion in 2019. The market is expected to expand at a compound annual growth rate (CAGR) of 26% from 2020 to 2027. In today's scenario, one out of 10 enterprises uses more than 10 AI applications ranging from a chatbot, Fraud detector, security, and more.
Here we are listing down some leading AI startups who are shaping the AI industry. Of course, the list is not exhaustive.
1. AI. Reverie
Data is the fuel of the machine learning industry. Keeping this in mind, the company was founded in 2016. AI. reverie is a New York-based simulation platform that provides synthetic data designed to make AI and machine learning algorithms training affordable, fast, and productive.
It was amongst the Top 25 Machine Learning Startups to watch in 2020 by Forbes. Also, it is named as Gartner cool vendor for 2020 in core AI technologies.
2. Anodot
Anodot is a United States-based startup, founded in 2014.It is an analytics platform that uses machine learning and artificial intelligence techniques to constantly analyze and correlate every business parameter, providing real-time alerts and forecasts using real-time structured metrics data and unstructured log data.
Anodot has more than 100 customers in digital transformation including e-commerce, FinTech, AdTech, Telco, Gaming, with tech giants like Microsoft, Lyft, Waze, and king.
It was also named in the Forbes' Top 25 Machine Learning Startups to watch in 2020.
3. Dataiku
Dataiku has big enterprises like Unilever, General Electric, and Comcast as its customers.
In 2019 Alphabet Inc. joined the company as an investor also achieved unicorn status. Dataiku is named a Leader in the Gartner 2020 Magic Quadrant for Data Science and Machine- Learning Platforms.
4. Eightfold.ai
Eightfold.ai was founded in 2016 by world experts in deep learning and is headquartered in Mountain View, California with the mission " Right career for everyone in the world". The company delivers a talent intelligence platform to enterprise that manage the whole talent life cycle.
In November 2020 company announced, it has raised $125 million in its latest series D funding round and the company valued at 1 Billion making it the latest entrant in the startup unicorn club.
It was also named in the Forbes' Top 25 Machine Learning Startups to watch in 2020.
5. Frame.ai
In it's latest series A funding round company raised $ 6.3 M in April 2020.
Why is AI important ?
AI is important because it successfully tackles a profound set of technical challenges. Increasingly, human resources, capabilities - understanding, reasoning, planning, communication and perception - can be undertaken by software, at scale and at low cost. General analytical tasks, including finding patterns in data, that have been performed by software for many years can also be performed more effectively using AI.
Together, these capabilities create new opportunities in most business processes and consumer applications.
Innovation has been the backbone of humanity's extraordinary progress. In the 21st century, these AI startups have become the pole-bearers of innovations, solving many problems plaguing humanity.
AI is neither good nor evil. It's a tool. It's a technology for us to use.
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