Europe is ‘the’ place when it comes to areas like Data Science, Artificial Intelligence or even Deeptech Scaleups. About the AI, it has grown rapidly over the past few years and we’ve seen the impact on our everyday lives, from facial recognition to the recommendations we’re served up. Looks like Artificial Intelligence (AI) is the most influential technology trends for 2019.
However, if you look in-depth, you’ll find all the intricacies that make Artificial Intelligence possible including machine learning and other deep learning techniques. Being the buzzword at present, Machine learning is the application of AI based around the concept – provide data to machines and let them learn by themselves.
In Europe, there are numerous startups implementing Machine learning to improve the business process within various verticals like banking, transportation, logistics and many more. Since technology is becoming more prevalent and complex, it’s important to remember that any AI vertical must used to solve the problem in a responsible and inclusive way
In this regard, we have come up with a list of machine learning startups that looks promising, according to Dealroom. Here are ten noteworthy startups to look out for in 2019.
Improbable
Founders: Herman Narula, Peter Lipka, Rob Whitehead
Funding: €547M
Improbable is a games technology company that works on next-generation gameplay through virtual worlds of unprecedented scale, persistence and richness. The SpatalOS lets developers transcend the limits of regular computation, allowing swarms of servers running in the cloud to cooperate to simulate worlds far larger and more complex than any single server could.
10x banking
Funding: €41.8M
Founders: Antony Jenkins, Brad Goodall
The company aims to transform the way financial services providers operate with its new core digital banking platform. At the heart of the platform will be a full suite of enterprise-grade capabilities covering banking process automation, compliance reporting, security and analytics, all enabled by leading technology.
Blippar
Founders: Ambarish Mitra, Jessica Butcher, Omar Tayeb, Steve Spencer
Funding: €124M
Blippar is a technology company specializing in augmented reality, artificial intelligence and computer vision. Since 2011, Blippar has been pushing the boundaries in AR and has helped thousands of brands, and agencies use AR/AI to deepen customer engagement, and increase sales. Blippar’s technology has been used by world-leading brands such as PepsiCo, Porsche, Nestlé, L’Oréal, GSK, General Mills and Procter & Gamble.
Mimiro
Founders: Charles Delingpole
Funding: €34.7M
Mimiro is all about helping firms make intelligent risk decisions by providing real-time insight into the risk of people and companies. They provide data intelligence to help firms understand the risk of who they’re doing business with. Moreover, the company has broader coverage, which allows Mimiro to spot tens of thousands of risk events from within millions of structured and unstructured data sources.
Cytora
Founders: Aeneas Wiener, Andrzej Czapiewski, Joshua Wallace, Richard Hartley
Funding: €38 million
Cytora transforms underwriting commercial insurance since 2014. The API-enabled underwriting platform lets insurers underwrite more accurately and deliver fairer prices to users by reducing frictional costs. It is a trusted partner for global insurers, which is supported by builders and backed by leading venture capital firms.
Tractable.ai
Funding: €31.7M
Founders: Adrien Cohen, Alexandre Dalyac, Razvan Ranca
Tractable develops artificial intelligence for accident & disaster recovery. From car accidents to natural disasters, the company’s AI looks at photos of the damage and predicts repair costs. By providing its AI to the largest insurers worldwide, Tractable helps to settle claims quickly and efficiently.
Aire
Funding: €22.7M
Founders: Aneesh Varma, Dr. Srini Sundaram, Jon Bundy
Founded in 2014, Aire provides credit assessment services that give people a new credit score to help them qualify for essential financial products. They are authorised & regulated in the UK by the FCA to provide credit references as one of the newest entrants in this sector.
Beamery
Funding: €31.9M
Founders: Abakar Saidov, Michael Paterson, Sultan Murad Saidov
Beamery helps companies attract, identify & engage with candidates on one unified platform, to deliver better talent acquisition. The company aims to help the world’s best companies acquire their greatest assets: their people.
Callsign
Funding: €35.2M
Founders: Zia Hayat
Founded in 2012, Callsign’s mission is to seamlessly power the identification of every web, mobile and physical interaction. Callsign products use deep learning techniques to combine event, threat, and behavioural analytics with multi-factor authentication, securing access to services whilst uniquely ensuring the most frictionless and transparent user experience. Additionally, it provides risk intelligence in real time, enabling organizations to intelligently adjust authentication journeys, also in real time.
BBOXX
Funding: €65.5M
Founders: Christopher Baker-Brian, Laurent Van Houcke
BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa. The company uses a management platform, called Pulse, which continuously collects data and insights, enabling the company to take action accordingly. The company focuses on providing access to the fundamental need of access to electricity combined with superior customer service.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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