binarypublishTLDR:
– Anthropic, Cohere, Concentric AI, and Robin AI are identified as some of the top AI startups to watch in 2024.
– Gartner predicts that by 2026, over 80% of enterprises will have used GenAI APIs and models, indicating the growing importance of AI in business operations.
Anthropic:
– Former OpenAI executives founded Anthropic as a rival to Microsoft’s AI ventures.
– The company has secured partnerships with Amazon and Google, raising more than $7 billion in total funding.
Cohere:
– Cohere brands itself as the AI platform for enterprises and has raised $270 million in a Series C round.
– The startup has formed a relationship with McKinsey and made its AI models available on Amazon Bedrock.
Concentric AI:
– Concentric AI focuses on data security and aims to help businesses protect sensitive information.
– The startup recently updated its Semantic Intelligence service to provide protection for audio and video files communicated in meetings.
Robin AI:
– Robin AI is an AI copilot for contracts, offering faster contract review and replacement for contract life-cycle management systems.
– The startup has raised $10.5 million in funding and has introduced features such as clause compare and natural language querying.
Imbue:
– Imbue raised $200 million in a Series B round and has developed AI systems for reasoning.
– The startup has formed partnerships with Astera Institute, Nvidia, and Amazon’s Alexa Fund.
Inflection AI:
– Microsoft and Bill Gates have invested in Inflection AI, which focuses on personal AI.
– The startup released its personal AI Pi and trained Inflection-2, which it claims is the second most capable LLM in the world.
xAI:
– xAI, founded by Elon Musk, is still in its early stages but has raised over $135 million in funding.
– The startup has released a beta version of its ChatGPT competitor, Grok.
Akkio:
– Akkio offers generative business intelligence for small and midsize businesses and raised $15 million in a Series A round.
– The startup released its generative reports AI tool, which creates real-time reports from connected data and user descriptions.
ZeroEyes:
– ZeroEyes provides gun detection video analytics software for existing security cameras.
– The startup launched a channel partner program, raised $23 million in funding, and established a research center for analyzing gun-related violence.
NobleAI:
– NobleAI offers science-based AI for developing better chemical and material products.
– The startup raised $17 million in a Series A round and has partnered with Microsoft Azure and Amazon Web Services.
