As Artificial Intelligence is the buzzword across the world, this tech is being deployed across industries such as healthcare, finance, insurtech, retail and others. Several companies are focused on cross-industry solutions such as the development of AI processors, natural language processing and sales & CRM.
Having said that AI is widely deployed across various sectors, CB Insights’ annual ranking, AI 100 is here. It ranks 100 most promising AI startups in the world. And, the winning companies include those that work on synthetic voice, protein modelling, quantum machine learning, and more. This is the 4th annual AI 100 finalists from CB Insights. It includes AI startups from 13 countries and comprises a broad range of cross-industry applications too.
Notably, the finalists have been ranked based on factors such as patent activity, investor profile, proprietary Mosaic stores, business relations, team strength, tech novelty, and competitive landscape. From the list of 100 leading AI startups in the world, here we have listed the European companies. Check out the promising European AI startups in the world right now.
ComplyAdvantage (UK)
Founder: Charles Delingpole
Funding: €34.7 million
Founded year: 2014
Why its hot: London-based regtech startup ComplyAdvantage deploys Artificial Intelligence and machine learning to help companies manage compliance obligations and minimise costs. It takes a unique approach to provide proprietary and dynamic risk data with efficient monitoring and screening technology. Nearly 200 clients across the world reply on this technology of ComplyAdvantage to minimise financial crime risk and eradicate the pain paints in meeting regulatory compliance.
Featurespace (UK)
Founders: Bill Fitzgerald, David Excell
Funding: €63.4 million
Founded year: 2008
Why its hot: Cambridge-based Featurespace is a leading anti-fraud and risk management company. It protects consumers against fraud and risk sans causing any disruption in payments. The company uses adaptive behavioural analytics for fraud detection and risk management in gaming, banking, and insurance sectors. With the use of machine learning, Featurespace lets computers understand when individual customer behaviour is usual and automatically evaluate risk.
Graphcore (UK)
Founders: Nigel Toon, Simon Knowles
Funding: €418 million
Founded year: 2016
Why its hot: Graphcore is a semiconductor company involved in the development of accelerators for AI and machine learning. Its Graphcore Intelligence Processing Unit (IPU) hardware and Poplar software enable innovators to create next-generation machine intelligence solutions. Notably, the IPU carries the credits of being the first processor to be designed specifically for machine intelligence.
Heuritech (France)
Founders: Charles Ollion, Tony Pinville
Funding: €5.2 million
Founded year: 2013
Why its hot: Heuritech is a Paris-based company that has developed an automatic real-time object recognition solution. This French startup has developed a deep learning powered automatic real-time recognition solution of shapes, objects, textures, and people within any images or photo shared on the internet and social media. It is used in the world of fashion and luxury to detect clothing trends for designing collections and other purposes.
InstaDeep (UK)
Founders: Karim Beguir, Zohra Slim
Funding: €6.4 million
Founded year: 2015
Why its hot: InstaDeep is building an Artificial Intelligence based decision-making platform for enterprises. The platform leverages deep reinforcement learning, predictive analytics, and machine learning to optimise decisions and improve efficiency in several industries such as mobility, logistics, manufacturing, and energy. InstaDeep helps these companies increase their ROI with its platform.
KONUX (Germany)
Founders: Andreas Kunze, Dennis Humhal, Maximilian Hasler
Funding: €49.2 million
Founded year: 2014
Why its hot: Munich-based KONUX is a leading AI/IoT startup that provides smart sensor systems and AI-based analytics to enable predictive maintenance for the industrial world. This fast-growing company works with the vision to transform railway operations for a sustainable future. It intends to make railway the mobility choice of tomorrow by increasing cost-efficiency, increasing capacity, and reliability.
Mapillary (Sweden)
Founders: Jan Erik Solem, Johan Gyllenspetz, Peter Neubauer, Yubin Kuang
Funding: €22.3 million
Founded year: 2013
Why its hot: Malmo-based Mapillary is a street-level imagery platform that uses computer vision to fix the world’s maps. The startup brings together a global network of contributors with the intention to make the world accessible to everyone by visualising the world and creating better maps. Computer vision helps the company connect images across time and space and create immersive street-level views and extract map data.
NavVis (Germany)
Founders: Felix Reinshagen, Georg Schroth, Robert Huitl, Sebastian Hilsenbeck
Funding: €39.8 million
Founded year: 2013
Why its hot: NavVis is a leader in the indoor spatial intelligence technology and enterprise solutions. It is used by top companies such as Skoda, Daimler, BMW, Lenovo, and Siemens. The Munich-based startup helps manufacturing enterprises drive efficiencies in global factory planning and operations with a fully managed digital twin solution. It enables fast and accurate 3D mapping and immersive 3D visualisation of the shop floors.
Nnaisense (Switzerland)
Founders: Bas Steunebrink, Faustino Gomez, Jan Koutnik, Jonathan Masci, Jürgen Schmidhuber
Founded year: 2014
Why its hot: Nnaisense is one of the leading research teams across the world in the field of AI. Its solutions can be used for intelligent automation processes that can leverage more advanced levels of efficiency and control during complicated glass production process. Nnaisense is at the forefront of global AI research.
Onfido (UK)
Founders: Eamon Jubbawy, Husayn Kassai, Ruhul Amin
Funding: €101 million
Founded year: 2012
Why its hot: Onfido is the new identity standard in the online world. Its AI-based technology assesses if a user’s government issued ID is genuine or not. And, it compares the same against their facial biometrics. The company’s identity recognition is used by Revolut, Bitstamp, and Zipcar and provides them the assurance they need to onboard customers securely and remotely. The mission of Onfido is to create a more open world where identity is the key to gain access.
PerceptiLabs (Sweden)
Founders: Martin Isaksson, Robert Lundberg
Founded year: 2017
Why its hot: PerceptiLabs provides a visual modelling tool that has a drag and drop UI. It makes it easy to build and visualise a model’s architecture. With PerceptiLabs, iterating on models is faster as you can peer into each layer. The transparency provided by the tool gives instant feedback into how the model performs. The tool is used by data engineers, data scientists, ML project managers, ML engineers, and other developers.
Sherpa (Spain)
Founder: Xabi Uribe-Etxebarria
Funding: €15.1 million
Founded year: 2012
Why its hot: Sherpa is a Spanish language digital voice assistant AI startup. It has launched two platforms. One of them is Sherpa Conversational OS, which lets integrating AI-based digital assistant technology and machine learning on any device. The other platform is Sherpa Predictive and Recommending Engine, which will anticipate the requirements of users with AI algorithms.
Snyk (UK)
Founders: Assaf Hefetz, Danny Grander, Guy Podjarny
Funding: €229 million
Founded year: 2015
Why its hot: Snyk is a London-based software company that helps developers build security into their products. Synk touts itself as developer-first as it is built keeping developers in mind. The objective of this startup is to help organisations build security into the application development process and company culture. Snyk helps teams find and resolve vulnerabilities in open source dependencies and container images.
Synthesia Technologies (UK)
Founders: Steffen Tjerrild, Victor Riperbelli, Lourdes Agapito, Matthias NiessnerÂ
Funding: €2.8 million
Founded year: 2017
Why its hot: Synthesia develops technology that lets brands and content creators personalise and internationalise their videos. Also, it lets them scale their video production with the help of Artificial Intelligence. The company’s cloud-based platform ENACT lets customers generate personalised and interactive video content automatically for their audiences. What’s interesting is that this is done at just a fraction of the cost and at a faster rate.
Tractable (UK)
Founders: Adrien Cohen, Alexandre Dalyac, Razvan Ranca
Funding: €49.9 million
Founded year: 2014
Why its hot: Tractable develops Artificial Intelligence for accident and disaster recovery. The startup’s AI uses computer vision to appraise the damage. The mission of Tractable is to bring AI breakthroughs to real-world issues and leave a positive difference in the lives of many. Tractable’s AI is used today by global leaders such as UK-based Ageas, France-based Covéa, Japan-based Tokio Marine, and Polish insurer Talanx-Warta.
Main image picture credits: KONUX
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