Amsterdam-based AI startups that raised €1M+ in 2022; 11 of them are hiring right now

In recent years, Artificial Intelligence (AI) has become one of the hottest topics in both the tech industry and society. With the rapid advancement of AI technology, it’s no wonder why so many people are talking about it. 

What is Artificial Intelligence?

Artificial intelligence (AI) is the process of guiding a computer to make decisions for itself. It can be achieved through various methods, including but not limited to statistical analysis, rule-based systems, and machine learning.

In recent years, we have seen a surge in global startups focused on Artificial Intelligence (AI). The increasing availability of data and computing power has made it possible to develop more sophisticated AI algorithms.

AI startups are now working on everything from autonomous vehicles to medical diagnosis, and the sector is attracting a lot of investment.

Amsterdam, the capital city of theNetherlands, is a preferred place for numerous AI startups. First, Amsterdam is home to many high-tech companies and startups. It provides a great environment for AI startups to network and collaborate with other like-minded companies. 

Second, Amsterdam has a highly educated workforce, including many computer sciences and engineering graduates who can help develop and commercialise AI technologies. 

Finally, Amsterdam is an international city with a strong infrastructure and support system for businesses. This makes it easy for AI startups to get started and scale up their operations in Amsterdam.

We have compiled a list of Amsterdam-based AI startups that raised €1M and more in 2022 and are hiring right now.

Context Labs

Founder/s: Dan Harple

Fund raised: €24.58M

Hiring: Yes

The US and Amsterdam-based Context Labs aims to provide a trusted data fabric platform for asset-grade data (AGD) using its ImmutablyTM Data Fabric platform, deploying machine learning, AI-driven asset-grade analytics (AGA), and cryptographic blockchain technologies for context-driven insights.

The company’s platform product line comprises micro-service level components that enable core data fabric interoperability, big data enterprise integration, and insightful analytics. These components then snap together to produce a variety of industry solutions.

Context Labs is dedicated to sourcing, organising, and contextualising the world’s ESG information, enabling data to become trusted, shared, and utilised as AGD to provide insights and solutions through AGA that informs markets.

The company recently raised €24.58M and is looking to expand its team. You can check out vacancies here.

SeMI Technologies

Founder/s: Bob Van Luijt, Etienne Dilocker, Micha Verhagen

Fund raised: €14.1M

Hiring: Yes

SeMI Technologies, a spin-off of ING Labs, aims to democratise search capabilities that a handful of huge tech companies have closely guarded. 

The company’s software allows customers to run it on their infrastructure, allowing them to safely maintain control of their data behind their firewalls. The software is offered to various industries through SaaS and PaaS (Platform-as-a-Service) licences.

The company’s new database technology, Weaviate, gives any enterprise the advantage of databases built with ML and deep learning at their core. 

The first use cases have been of natural-language, but the company is also exploring images, videos, audio, and even esoteric cases such as graph or gene embeddings.

Earlier this year, the company raised €14.1M in funding and is looking to expand its team. You can check out the vacancies here.

SingularityNET

Founder/s: Ben Goertzel and David Hanson

Fund raised: €23.6M

Hiring: Yes

SingularityNET is an open-source Amsterdam-based platform that brings AI and blockchain together to create a decentralised marketplace for AI. 

The platform lets anyone monetise AI algorithms, allowing companies, organisations, and developers to buy, outsource and sell AI at scale. 

In May, the Amsterdam company raised €23.6M from the global investment group LDA Capital Limited. The company currently has 16 vacancies. Explore the opportunities here. 

Hadrian

Founder/s: Olivier Beg, Rogier Fischer, Tijl van Vliet, and Maurice Clin

Fundraised : €10.5M

Hiring: Yes

Hadrian aims to renovate proactive security and make security insights autonomous and scalable. The cybersecurity startup offers automated security insights through its AI-driven testing SaaS platform. In addition, the company enables detailed attack surface management and risk prioritisation.

Hadrian claims to continually and continuously scan and analyse businesses’ IT infrastructures using cloud-native technologies and ML modules to deliver quick, accurate, and comprehensive insights.

In June, the cybersecurity startup raised €10.5M in a Seed round of funding. The Amsterdam-based company is hiring across the Sales, Product, and HR categories. Click here to check out the opportunities at Hadrian. 

Factris

Founder/s: Brian Reaves

Fund raised: €10M

Hiring: Yes

Factris is on a mission to provide quick, low-cost working capital to European SMEs through financial technology with personalised guidance. The company helps SMEs by turning their invoices into cash in 24 hours. 

The company has developed the FAB (Finance Automation for Business) platform, which automates tasks for employees to focus on personalised customer care. 

The FAB platform lets clients upload their invoices, request credit limits, monitor payments, and receive same-day capital for invoices that are factored in. 

In June, Factris raised €10M through its partnership with NN Investment Partners (NN IP). Want to join Factris? Check vacancies here. 

Gain.pro

Founder/s: Frister Haveman, Nicola Ebmeyer

Fund raised: €9.61M

Hiring: Yes

Gain.pro is a fintech firm that aims to provide investors with accurate and critical insights into private companies and their markets. The company’s SaaS platform uses automation to remove tedious tasks required to collate and analyse data from various sources.

The Amsterdam company currently serves a wide range of blue-chip customers, including private equity investors such as CVC, Cinven, Bain Capital, M&A Advisors Lazard, Rothschild, and Perella Weinberg, consultancy firms McKinsey, Bain, and BCG, and law firms.

This month, the company raised €9.61M in a fresh round of funding from a range of investors. The company has vacancies in tech, private equity intelligence, commercial departments, and others. Check them out here. 

Vosbor

Founder/s: Maarten Elferink

Fund raised: €6.8M

Hiring: No

Vosbor brings the physical agricultural commodities markets online to manage risk and commodity flows better. The platform aims to make agricultural commodity trading cheaper and markets more accessible. 

By digitising the agriculture trade, Vosbor claims it is easing the threats to global food security, as existing offline markets are inadequate to build systemic resilience. Vosbor secured €6.8M in a Seed round of funding led by Lux Capital. 

Source

Founder/s: Rien Kamman, Ernst van Bruggen

Fund raised: €9.4M

Hiring: Yes

Source.ag is developing technology to democratise access to sufficient fruit and vegetables through AI-powered greenhouses. 

The company’s proprietary algorithms simulate plant behaviour to define and execute optimal cultivation strategies, considering millions of data points on climate, biology, and resources.

Source.ag claims that it produces up to 15 times higher yields and uses up to 20 times less water while reducing pollution and use of land.

In March, the Amsterdam company raised €9M in its Seed round of funding led by Acre Venture Partners. The company is looking to expand its team across departments. Check out the current openings here. 

Overstory

Founder/s: Indra den Bakker

Funds raised: €5.2M

Hiring: Yes

Overstory is a global vegetation intelligence platform. The Amsterdam-based company applies Artificial Intelligence (AI) to high-resolution satellite imagery to provide real-time analytics of natural resources.

The Dutch company’s solution helps forest industry companies, electric utility companies, and NGOs to improve decision-making in a timely and accurate manner.

The company’s platform provides minute details, including the location, height, health, and species of trees. It then alerts customers on where the riskiest trees are and those that need to be cut down. 

In November, the company raised €5.2M in a fresh funding round led by Convective Capital. Overstory is looking to expand its team. Click here to explore options.

We Are Eves

Founder/s: Esther Leloux

Fund raised: Undisclosed

Hiring: No

We Are Eves claims to be the first beauty platform that provides real people reviewing beauty products that work or don’t work for them. The company aims to help women worldwide find beauty products based on honest reviews through its platform.

The platform has more than 70,000 members who have shared more than 180,000 product reviews that have been viewed over 1.5 million times in the Benelux. In addition, all global brands can be reviewed on the platform, says the company. 

In May, We Are Eves secured investment from Amsterdam-based Joanna Invests, a new angel investment firm that helps women understand investing and women founders with funding. 

Reynen Court

Founder/s: Andrew Klein

Fund raised: €3.89M

Hiring: No

Reynen Court enables law firms and corporate legal departments to speed the adoption of AI, Smart Contracts, and other new technologies.

The Amsterdam company enables firms to run cloud-based applications on-premises or within virtual private clouds under their control — thus giving access to modern software solutions without sacrificing security or stability.

In March, the company raised $4.3M (nearly €3.89M) of additional funding in a fresh round from both new and existing investors. 

Quicargo

Founder/s: Avishai Trabelsi, Roni Liberman

Fund raised: €2.7M

Hiring: Yes

Quicargo aims to tackle inefficiency in the road freight industry. The Dutch company provides an online marketplace for shippers and carriers to benefit from unutilised truck loading spaces. 

The company’s solution monitors available trucks with space from multiple sources, analyses it in real-time, detects shippers’ needs, and creates a database with essential information to instigate business transactions. 

In June, the Amsterdam-based company raised €2.7M led by ROM InWest, the regional development agency in North Holland. Are you ready to join Quicargo? Check out the opportunities here. 

Lalaland

Founder/s: Michael Musandu, Ugnius Rimsa

Fund raised: €2.1M

Hiring: Yes

Lalaland utilises artificial intelligence to enable fashion brands and retailers to use hyper-realistic models of every body type, size, and skin tone. 

With these body-inclusive avatars, the company aims to create a more inclusive, personal, and sustainable shopping experience for fashion brands, retailers, and customers.

Apart from creating a highly personalised experience, the company’s virtual fashion model platform takes just 15 per cent of the cost of conventional photoshoots. 

In June, the company raised €2.1M in a new pre-Series-A round of funding led by Orange Wings and Unknown Group. Currently, the company has five job openings. Click here to explore and apply. 

Quatt

Founder/s: Bas Flipse, Marijn Flipse

Fund raised: €2M

Hiring: Yes

Quatt designs AI-powered smart hybrid heat pumps to accelerate the decrease of gas consumption. The startup argues that installing these hybrid heat pumps doesn’t require any additional changes to the home, and the boiler stays active to produce domestic hot water and supports the pump when it can’t meet the heating demand. 

The startup says approximately 7.5 million homes in the Netherlands, which don’t yet have a heat pump installed, can reduce their gas consumption by up to 80 per cent.

In September, Quatt raised €2M in a fresh round of funding from Impact Equity Fund and Siep van der Valk. Want to make an impact? Click here to explore job options.