Artificial intelligence (AI) stands as one of the maximum transformative and disruptive technology of our era. Its capacity to reshape industries, along with healthcare, education, retail, production, and greater, is simple. According to a report from PwC, AI should make contributions as much as an amazing $15.7 trillion to the worldwide financial system by means of 2030¹.

As AI becomes more and more handy and affordable, several startups are harnessing this era to create progressive solutions for real-international troubles. These startups have piqued the hobby of buyers searching for the following large leap forward in the AI panorama. In this blog, we're going to discover a number of the top AI-based totally startups that traders have to don't forget in 2023. Our selection is based on their investment, valuation, traction, and societal impact.

#Top AI-Based Startups for Investors to Explore in 2023

# 1. OpenAI

OpenAI, established in 2015 by a group of visionary tech entrepreneurs and researchers including Elon Musk, Peter Thiel, Reid Hoffman, and Sam Altman, is a research organization with a unique mission: to develop and promote artificial general intelligence (AGI), which can perform any intellectual task a human can. Operating as a non-profit, OpenAI is committed to ensuring that AI aligns with human values for the benefit of all.

OpenAI is renowned for its groundbreaking AI systems, notably GPT-3, one of the most advanced natural language processing (NLP) models globally. GPT-3 can generate coherent and diverse texts across various domains, from chatbots and image captions to summaries and essays. Another notable creation is Dall-E, an image generator capable of crafting realistic and surreal images from textual prompts like "a penthouse bedroom with a view of the Eiffel Tower" or "an armchair in the shape of an avocado."

With investments exceeding $11 billion from major players like Microsoft and Sequoia Capital², OpenAI boasts a valuation of over $27 billion². It stands as one of the most influential and ambitious AI startups worldwide, shaping the future of AI and its impact on humanity.

# 2. Nextbillion AI

Founded in 2020 by former executives of Southeast Asian ride-hailing giant Grab, Ajay Bulusu, Gaurav Bubna, and Shaolin Zheng, Nextbillion AI offers a mapping platform powered by AI and machine learning to deliver hyperlocal solutions. Catering to various sectors such as logistics, mobility, e-commerce, and transportation, this startup addresses map-related needs, including last-mile optimization, navigation, route planning, and obstacle avoidance.

Nextbillion AI has already mapped over 200,000 kilometers of roads, managed 100,000+ restrictions, and handled 200 million API calls³. Notably, the company has joined forces with Google Cloud to provide its mapping solutions to Google Cloud customers⁴.

With $7 million in funding from investors like Lightspeed Venture Capital and Falcon Edge Capital, Nextbillion AI, headquartered in Singapore with offices in Bengaluru, Hyderabad, and Beijing, is poised to become a global leader in AI-driven hyperlocal solutions.

# 3.Wysa

Wysa, established in 2015 by former Pearson executives Jo Aggarwal and Ramakant Vempati, offers an AI-powered mental health app that delivers personalized and anonymous support to users grappling with stress, anxiety, depression, and other emotional challenges. The app employs an empathetic chatbot engaging users in conversations rooted in cognitive behavioral therapy (CBT), mindfulness, meditation, and evidence-based techniques. Additionally, Wysa facilitates connections with professional therapists and coaches when necessary.

Wysa boasts over four million users across 65 countries and has earned recognition from Google, NHS, and ORCHA as one of the top mental health apps. Collaborations with organizations like the World Health Organization, the United Nations, and the Indian Army further highlight its positive impact on the mental well-being of millions worldwide.

With $9 million in investments from backers including Pi Ventures and Kae Capital, Wysa, headquartered in Bengaluru with a team of 70 dedicated individuals, is at the forefront of AI startups making a meaningful difference in mental health.

# 4. Myelin Foundry

Myelin Foundry, a deep tech product startup founded in 2019 by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann, specializes in developing AI algorithms for video, voice, and sensor data. The startup empowers businesses to leverage advanced neural computing on the shop floor, automating decisions on the reliability, availability, and maintainability of plant machinery. Myelin Foundry also enhances video and audio streaming quality through AI-based compression and enhancement techniques.

With more than ten patents filed and granted, Myelin Foundry has garnered recognition from NASSCOM, Microsoft, NVIDIA, and NetApp as one of India's top AI startups. Serving clients across manufacturing, media, entertainment, and healthcare industries, the startup is driving innovation in various sectors.

Having secured $1.8 million in funding from investors like Endiya Partners, Pratithi Investments, and Beyond Next Ventures, Myelin Foundry, headquartered in Bengaluru with a team of 25 experts, is revolutionizing video, voice, and sensor data solutions through disruptive AI technology.

#5. SigTuple

SigTuple, founded in 2015 by Rohit Kumar Pandey, Apurv Anand, and Tathagato Rai Dastidar, former colleagues at American Express, is a medical diagnostic startup leveraging AI and machine learning to analyze medical images and data. The company's AI platform, Manthana, excels at screening and advanced diagnosis of various medical samples, including urine, blood, semen, retinal scans, and X-rays. It plays a pivotal role in identifying diseases and conditions such as anemia, diabetes, malaria, tuberculosis, and infertility.

SigTuple's extensive reach includes processing over 1.5 million samples and collaborating with more than 100 hospitals and labs across India. The startup has earned accolades such as the Google Demo Day Asia, the NASSCOM Emerge 50, and the CB Insights AI 100.

With a remarkable $40 million in investments from backers like Accel, IDG Ventures, and Trifecta Capital, SigTuple, headquartered in Bengaluru with a workforce of 120 dedicated individuals, is pioneering AI-driven diagnostic solutions in the healthcare sector.

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Source:

(1) 40+ Artificial Intelligence Startups in India 2022

(2) 10 Indian Startups That Are Leading The AI Race: 2021. 

(3) These Are the ten AI Companies to Watch Right Now - Bloomberg.Com. .

(4) 40 AI Based Business & Startup Ideas (2023) - Starter Story.