While the Artificial Intelligence (AI) is the buzzword trending in the world right now, Amsterdam is nowhere behind. Many Dutch entrepreneurs are interested in venturing into this space. AI has grown rapidly and is undoubtedly one of the most influential tech trends right now.
AI includes deep learning and machine learning technologies and numerous companies make use of these technologies to improve their business. While Dutch tech startup ecosystem is in excellent health, today, we have curated a list of coolest AI startups in Amsterdam that are driving the growth of the sector.
Founders: Saeed Younesi
Funding: €1.5 million
Valuation: €6 million – €9 million
Founded year: 2016
Why its hot: REXai operates with the goal to easily embed the power of AI into the e-commerce platforms. Its ultimate aim is to provide next-generation commerce solutions that move away from rule-based implementations for content and product personalisation. It does this by relying on self-learning systems that are powered by AI in real-time across all channels.
Founders: Tijmen Blankevoort, Max Welling
Funding: Acquired by Qualcomm
Founded year: 2013
Why its hot: Scyfer has been focusing on cutting-edge machine learning techniques since 2013. The Dutch startup was acquired by Qualcomm in 2017. Infact, Scyfer has built AI solutions for several companies across the world working in numerous sectors. With the acquisition, Scyfer will help advance AI research and development at Qualcomm.
Founders: Jeroen van Duffelen, Mark-Jan Harte
Funding: €12.3 million
Valuation: €40 million – €60 million
Founded year: 2015
Why its hot: Aidence is medical imaging startup that uses Artificial Intelligence to help medical professionals detect diseases like lung cancer. The Amsterdam-based startup has its expertise in early-stage diagnosis of lung cancer using AI algorithms. It has developed a solution called Veye Chest, which is said to assist radiologists to diagnose the pulmonary nodules to detect lung cancer.
Founders: Camiel Kraan, Kevin Westermeijer
Funding: €3.6 million
Valuation: €14 million – €22 million
Founded year: 2017
Why its hot: Convious has expertise in providing data-driven e-commerce solutions that are customised. It is an inventive startup that uses AI to deliver personalised and customised online booking as well as the buying experience. The company aims to help the leisure and hospitality industry around the world increase their shopping cart sales via personalised pricing solutions delivered via an AI-driven platform. In June 2018, the startup won in the Heavyweight category at the global Get in the Ring event in Cascais, Portugal.
Founders: Peter van Dam, Timo van der Veen
Valuation: €2.3 million
Founded year: 2017
Why its hot: Whayle believes that technology should be used with knowledge and experience. The company works with experts to supplement insights. The Dutch startup’s team comprises of data scientists with expertise in AI to ensure that they comprehend the problem. Whayle helps in tightening operational, commercial and financial processes and enhance returns.
Founders: Bas van Ooyen, Richard Kraaijenhagen, Sjoerd Leemhuis
Funding: €3.3 million
Valuation: €12 million – €19 million
Founded year: 2012
Why its hot: Owlin is backed by Rockstart, a popular Netherlands-based accelerator. The fintech startup provides real-time news analysis. The Dutch startup has evolved from a real-time news analysis tool to a state-of-the-art AI-based text and news analytics platform. Now, Owlin continues to build upon an impressive list of international clients including Fitch Ratings, Adyen, Deutsche Bank, ING and KPMG.
Founders: Chris R. Dawe, Nick Vogel
Founded year: 2015
Funding: €11 million
Why its hot: Effect.AI is an Amsterdam-based project that is working on a decentralised network for Artificial Intelligence related services on the NEO blockchain. It’s main objective is to build a platform to simulate AI development and create various AI services. The platform will offer accessibility, freedom and ease of use required for the development and distribution of AI services on a global scale. The company launched the private beta of its project called Effect Force in 2018.
Founders: Ziyaad Jaber, Tareq Jaber
Founded year: 2017
Funding: Early-stage startup (€50K)
Why its hot: Medvice makes use of the neural networks so that it helps doctors make decisions and speed up the consultation process. Medvice uses AI to learn and process better and smart solutions that will result in improved care. As it uses AI, the consultation is not only safer and cost-efficient but also faster as it reduces waiting time.
Founders: Dennis Tan, Matthäus Schreder & Stefan Tan
Funding: €3 million
Valuation: €2 million – €3 million
Founded year: 2014
Why its hot: Founded in 2014 in Amsterdam, Dashmote was created with the goal of decoding the visual web and extracting valuable insights from images. With this, the company enable brands to get a clear picture of customers at an individual level. Dashmote ensures that B2C companies in FMCG, fashion, food & beverages, and consumer electronics are on top of their game thanks to its proprietary technology based on Artificial Intelligence offering visual trend analysis and market intelligence. With the help of Dashmote’s visual analytics platform, companies can discover trends and market insights much faster, which in turn expedites product development and marketing.
Founders: Barend Raaff
Funding: €12.4 million
Valuation: $17 million – $25 million
Founded year: 2010
Why its hot: Harver is an AI-powered HR tech startup which helps companies in the hiring process. The company focuses on bringing its matching AI technology to companies of various sizes. In recent years, Harver has become one of the notable Fortune 500 companies and its clientele includes Netflix, Zappos, Vodafone, Casper, Booking.com and OpenTable.
Stay tuned to Silicon Canals for more updates in the tech startup world.