Thousands of new startups are founded every year – emerging companies with the potential to disrupt the artificial intelligence (AI) industry. To give you a head-start on emerging technologies and startups that will impact the AI sector in 2022, we analyzed a total of 6 783 global artificial intelligence startups & scaleups. Meet 5 of the most promising startups to watch!
Global Startup Heat Map highlights 5 Artificial Intelligence Startups to Watch in 2022
Out of 6 783, the 5 artificial intelligence startups to watch are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 2 093 000+ startups & scaleups globally. As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant startups, emerging technologies & future industry trends quickly & exhaustively.
The Global Startup Heat Map below highlights the 5 artificial intelligence startups you should watch in 2022 as well as the geo-distribution of the other 6 778 startups & scaleups we analyzed for this research. We hand-picked the 5 highlighted artificial intelligence startups based on our data-driven startup scouting approach, taking into account factors such as location, founding year, the relevance of technology, and funding, among others.
Promethion offers Synthetic Datasets
Founding Year: 2020
Location: Berlin, Germany
Funding: USD 43 800
Partner for: Quality Inspection, Car Damage Assessment
Industries: Industry 4.0, Automotive, Aerospace
Promethion is a German startup that creates synthetic datasets for AI solutions for the manufacturing, automotive, aerospace, robotics, and waste management industries. Conventional training methods use realistic data and are prone to errors or human bias during manual classification. The startup’s approach mitigates such uncertainties by using a library of simulated objects, materials, surfaces, and environments to generate visual datasets. Promethion offers visual inspection and quality control systems for the manufacturing sector and provides AI-based anomaly detection to assess vehicle damage for car rentals, dealers, and insurance companies.
Cofactr enables Sourcing Optimization
Founding Year: 2021
Location: New York, US
Funding: USD 112 000
Partner for: Cost Estimation
Industry: Electronics Manufacturing
US-based startup Cofactr develops sourcing and costing solutions for electronics manufacturers. The startup applies AI on the bill of materials (BOM) and global distributor data to centralize sourcing and procurement activities. Manufacturers often use excel sheets to aggregate their BOM data, leading to confusion and lack of visibility on the overall trends. Cofactr’s solution, on the contrary, offers a single source of truth that allows users to proactively source parts and mitigate supply issues. This provides easy access to overall parts data for engineering teams as well as aids management and procurement teams to monitor production. Finally, Cofactr’s offers historical data and trend prediction to avoid shortage pricing, improve parts selection, and enhance purchase strategies.
HappyDural facilitates AI-based Drug Delivery
Founding Year: 2021
Location: Tel Aviv, Israel
Partner for: Sedative Administration
Israeli startup HappyDural facilitates sedative drug administration management. The startup’s solution uses a sensor array and a learning algorithm to replace manual sedative administration and provide personalized anesthesia. Traditional practices are based on a subjective approach and do not consider several parameters that influence drug absorption. HappyDural’s AI-based system defines the injections’ location and the amount of drug needed according to clinical indication and dermatomes map. This significantly reduces side effects due to over-and under-dosing during childbirth, cesarean section, and orthopedic surgeries, among others.
Veos Digital offers AI as a Service
Founding Year: 2020
Location: Milan, Italy
Funding: USD 571 000
Partner for: Anomaly Detection, Spending Analytics
Industries: Energy, FinTech, Manufacturing, EdTech
Veos Digital is an Italian startup that provides AI-as-a-service for the energy, finance, manufacturing, and education industries. The startup’s services include anomaly detection systems and recommendation solutions. Its products for the finance industry allow companies to automate cash flow and analyze spending behaviors. For the energy industry, it facilitates energy trading, sector coupling, and anomaly detection. Since in-house AI development is expensive and time-consuming, Veos Digital’s solutions enable companies to mitigate development and capital expenses while speeding up time-to-market.
Effi advances Mortgage Management
Founding Year: 2020
Location: Sydney, Australia
Funding: USD 1,2 M
Partner for: Document Processing, Customer Management
Industries: FinTech, PropTech
Australian startup Effi develops a mortgage broker platform. Using AI, it automates document redaction, bank document and statement collection, and appointment scheduling. In addition, it functions as a digital assistant to enhance the sales experience for customers, improving engagement and conversion. The platform also offers insights into run-off rates, referral performance, lender approval times, and conversion rates. Unlike conventional customer relationship management systems (CRMs) or lead management solutions that need specific tools to manage each aspect of the process, Effi unifies them into a single platform. This improves mortgage management and, in turn, positively impacts the customer experience.
Discover All Emerging AI Startups
The 6 700+ artificial intelligence startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Industry Innovation Reports for a broad overview of the industry or get in touch with us for quick & exhaustive research on the latest technologies and emerging solutions that will impact your company in 2022!