The Biggest Artificial Intelligence Startups
The biggest Artificial Intelligence startups

The technology landscape has featured a growing interest in artificial intelligence. The growing interest has led to increased funding in the field with various startups receiving funding so that they can grow and potentially change the whole technology ecosystem with new artificial intelligence software and hardware. Many startups have been seen to offer a wide range of services that rely on artificial intelligence such as automated data collection, real-time data analysis as well as an assessment of Artificial intelligence applications in the real world.

  • Toutiao

The company was founded in the year 2012 by Zhang Yiming in China. Currently, the company is worth an estimated 3.1 billion dollars. The firm deals with data analytics, big data, the internet service provision, machine learning as well as social networking. The company offers a platform the gives users the capability to discover a world of content while utilizing the power of artificial intelligence. The company prides itself in using the concept of natural language processing as well as computer vision in the process of extraction of entities and keywords as the features from each piece of content. The feed reader on their platform uses machine learning to generate content for the users based on the data from their social networking accounts and set preferences by the user.

  • SenseTime

SenseTime is also a firm founded in China. The company was founded in the year 2014 by Xiaolan Xu. The startup deals with artificial intelligence, computer vision, related software as well as image recognition. SenseTime concentrates on the development of facial recognition technology which is used primarily in the processes of payment and picture analysis. The technology can be easily and effectively applied in security systems and bank card verification. Currently, the technology is being used by over two hundred companies in China including Huawei Technologies Company Limited and the China Mobile Communication Company. Tests have shown that the face recognition technology has an error rate that is below one in one hundred thousand. Currently, the startup is valued at 1.6 billion dollars.

  • Argo AI

Argo AI is the biggest Artificial Intelligence startup currently in the United States of America. The company is growing rapidly due to increase investment and research in artificial intelligence, autonomous cars as well as robotics. The company was founded in the year 2017 by Bryan Salesky and Peter Rander. Argo AI targeted to deal with the challenging application of artificial intelligence in the process of creating self-driving cars. The company also has a hand in robotics and computer science in a bid to make driverless cars a normal reality for the larger population in the world. Argo AI is at the forefront of implementation of the concepts of artificial intelligence, machine learning in building driverless vehicles that are primarily safe and efficient when being used by people. The transformations they have made a billion-dollar startup with the company reaching this valuation in the year 2018.

  • Kreditech

Kreditech is the biggest startup dealing with artificial intelligence in Europe. The startup is based in Germany. It was founded in the year 2012 by Alexander Muller and Sebastian Diemer. The firm deals with artificial intelligence in the FinTech space. The company deals with banking, big data, finance, digital financial services, lending as well as personal finance. The main goal of Kreditech is to ensure the improvement of financial freedom for its clients through the use of artificial intelligence and machine learning primarily. The company integrates traditional financial data sources with machine learning to make sure that they provide access to digital banking services. Their product portfolio also includes consumer loans, a digital finance manager and wallet. Kreditech Group’s platform also includes a comprehensive API. Kreditech is currently valued at four hundred and ninety-seven million dollars.

  • Acorn

Acorn is also an artificial intelligence startup in Europe. The firm is based in the United Kingdom. The firm was started in the year 2015 by Joel Perlman and Rishi Khosla. Acorn OakNorth firm is also a FinTech company that deals with artificial intelligence, banking, big data, financial services as well as machine learning. The company emphasizes its efforts in turning the potential of bespoke SME lending into profitability with the use of their technology platform which is known as ACORN machine. The platform collects data and uses it to automate various processes in the financial transactions thus having customers make informed credit decisions in full. The company is currently valued at 486.3 million dollars.

  • SoundHound

SoundHound Inc. is one of the successful startups that deal with artificial intelligence in the mobile device field. It was founded in the year 2005 by James Hom, Majid Emami, and Keyvan Mohajer. The company deals with artificial intelligence, natural language processing, audio, speech recognition and mobile technologies. The firm is a leading startup in innovations in voice-enabled artificial intelligence. The company uses a platform, Houndify, to integrate voice and artificial intelligence. The company is currently valued at 215 million dollars.

Latest Articles

December 7, 2023
Personal Efficiency vs. Company Efficiency While Working Remotely

Over the past two years, my role as Head of Delivery at Qualium Systems has exposed me to the dynamics of remote work. Remote work is a nuanced topic, with varying perspectives on its advantages and challenges. Some view remote jobs as a liberating solution, offering flexibility, autonomy, and the ability to work from virtually anywhere. However, analyzing the performance of each team member, including myself, in remote work conditions led to a notable revelation. Remote Work’s Positive Impact Discarding ineffective or unproductive employees and focusing solely on dedicated team members resulted in a 15-25% overall increase in efficiency compared to office work. Factors contributing to this improvement include: No wasted time commuting to the office. Less unnecessary chit-chat and idle talk by the water cooler or coffee machine. No need to spend time searching for a meeting room or juggling between different tasks (meetings, colleague questions, etc.). All of this adds up to a boost in personal efficiency. Furthermore, I’ve noticed a positive overall trend: our team members are putting in more work hours than when we were working in person! Navigating Challenges of Remote Collaboration Examining the company’s efficiency during full-time remote work reveals a more intricate situation. While remote work enhances personal productivity, certain processes, such as testing new technologies or conducting internal presentations, become logistically challenging and time-consuming. Read also: 5 Things Project Managers Should Pay Attention To Now, let’s delve into a scenario where we want to try out a new library or technology in a Proof of Concept (POC) format or conduct a presentation demonstration with internal costs. In the offline setting, it’s a straightforward process: Identify an available engineer. Provide the engineer with the necessary devices (glasses, tablet, mobile device, etc.) required for the library, or develop a visual demonstration. Develop, test, and publish the demonstration material. Record a demonstration video and share it on social media. Now, let’s take a peek at how the process unfolds under remote work conditions: Finding Available Engineers: Identifying available engineers remains straightforward. Logistics and Device Distribution: Managing numerous devices for each team member becomes a logistical challenge, requiring extra time for distribution. Increased Meeting Time: More time is spent on 1-2 meetings compared to the initial step. Quality Compromises: The remote setup may compromise the quality of demonstrations or miss certain UX functionalities due to limitations. Video Production Challenges: Recording a demonstration video at home poses technical challenges, potentially affecting the quality or time spent. As you can see, the challenges are evidently more pronounced when it comes to testing new libraries or technologies remotely. Striking a Balance for Maximum Efficiency In conclusion, personal efficiency can thrive in remote work, but company efficiency may face challenges. Striking the right balance involves carefully analyzing company processes and seeking optimal solutions to support collaboration and employee productivity.

August 18, 2023
Elevating Hospitality: Evolution of VR in Hotels

Today, modern technologies provide incredible opportunities in numerous areas, including the hotel business. This technology creates a deep connection between the guest and the hotel, overturning the usual idea of hospitality. Virtual reality allows you to surprise guests with immersive unique experiences that are not only exciting but also facilitate the activities of the establishments themselves. In this article, we’ll look at how virtual reality revolutionizes the hospitality industry and helps to deliver unparalleled guest experiences. Exploring Diverse Dimensions of VR in Hospitality There are several main areas where virtual reality is most often used in the hotel industry, including virtual tours, staff training, and VR entertainment.  Enhancing Guest Experiences through VR VR hotel tours are one of the most popular directions where virtual reality is typically when dealing with  hospitality. Before checking in, guests can take a trial visit to the property in VR to assess the hotel environment. This technique will help to better understand where exactly they want to stay, in which room, and whether this hotel meets the requirements. “One of the reasons why VR marketing has taken on a viral tone, arises from the fact, that guests will be provided with a hands-on point of view when making an important booking decision. Using such technology clearly illustrates that the property in question is keeping abreast of the latest digital trends. Today, VR tours can be easily placed on an online platform, through the rise of cost-effective software packages,” according to Keystone Hospitality Property Development. For example, the Atlantis Dubai Virtual Tour shows future customers what the hotel looks like, starting with the exterior and ending with the appearance of the hotel rooms. The experience was filmed in the 360o format. Thriving Frontier of VR Entertainment in Hotels Once your guests have checked into their hotel rooms, they should receive high-quality entertainment offered by the hotel chain itself. These can be virtual reality rooms for guests to spend their free time. For example, the Polish spa resort Czarny Potok also has a virtual reality room where visitors can play various games in VR headsets. In addition, virtual reality can be used as a preview of real entertainment available. Before your guest tries, for example, sightseeing, they can get a preview of a tourist destination they could go to. Consider a VR tour of the ancient city of Petra in Jordan. Read also: Virtual Tours of National Parks. Discovering Nature’s Beauty through AR and VR Navigating Future of Hotel Reservations through VR Another area of virtual reality that is developing in the hotel industry is VR booking. Similar to virtual sightseeing, a user can see the chosen vacation spot for themselves, though the range of possibilities of VR booking is wider.  So, a VR headset user sees a digital globe of the Earth in front of them and decides on the point where they want to go. Next, they interact with a 3D model of the plane, which clearly shows the seats that can be reserved. Moreover, there is an opportunity to rent a car and choose the price of this rental. With virtual booking, users can select a payment method by scanning and adding a digital credit card. Virtual booking from Amadeus IT Group provides such options to users with VR glasses. VR’s Role in Transforming Hotel Staff Training In the hotel industry, virtual reality is used not only to serve customers but also to improve customer service. Virtual reality training, which fully reproduces the real work environment in digital reality, is an effective tool to improve the efficiency of hotel staff. For example, the Best Western Hotels chain recorded a 71% decrease in the number of customer complaints after the introduction of VR training. Virtual training is already used by the famous Hilton network. In this training, employees use VR headsets to immerse themselves in the digital space that reproduces the hotel.There, they perform various tasks typical for the hotel staff: cleaning the room, preparing a cart with lunch, and checking in guests.    The integration of virtual reality marks a revolutionary step towards improving the guest experience and redefining the hospitality industry. With the introduction of virtual reality in hotels, guests are no longer limited by physical boundaries. Virtual tours of hotels and attractions allow them to go on exciting journeys and explore these places without leaving their homes. Once a decision is made, users can completely organize their own trip through VR booking in a gamified form. Virtual reality in the hospitality industry has also paved the way for more comfortable and faster service with the help of VR training for hotel staff. The combination of technology and hospitality has created a new dimension of travel planning where potential guests can virtually walk through hotel rooms, imagine their stay, and make informed decisions. Image: Freepik

July 4, 2023
Qualium System Congratulates our American friends on Independence Day!

🎉 Happy 4th of July from Qualium Systems! 🇺🇸 On this day of American independence, we at Qualium Systems extend our warmest greetings to our friends, clients, and partners in the United States. 🎇 While we are a Ukrainian IT company, we recognize and appreciate the spirit of freedom and innovation that the 4th of July represents. It serves as a reminder of the power of determination, courage, and the pursuit of excellence. As a technology company, we understand the importance of collaboration and diversity. We are grateful for the opportunity to work alongside our American counterparts, contributing to the growth and success of businesses on both sides of the globe. Today, we celebrate the bond between our nations and the shared passion for advancements in the IT industry. Together, we create opportunities, drive innovation, and shape the digital landscape of the future. Wishing you a day filled with joy, unity, and the spirit of independence. Enjoy the festivities, fireworks, and celebrations that make this day truly special. 🎆 Happy 4th of July to all our American friends, from your partners at Qualium Systems! 🙌 Image: Pixabay



Let's discuss your ideas

Contact us