These amazing tech startups are disrupting the UK Artificial Intelligence space

Artificial Intelligence is the future tech and is used by industries. In recent years, AI has progressed to become an industry in itself and is emerging at a rapid pace. Due to the scope of AI, global tech giants including Google and Microsoft have invested several billion in acquiring companies with a specialisation in the big AI business to make the most out of it. Businesses have adopted the advanced technology to improve efficiency and better serve users, clients and partners.

Startups 100 is an annual campaign that recognises the most exciting new businesses in the UK. In the 11th edition, this campaign has listed six tech companies disrupting the UK Artificial Intelligence space.

Scape Technologies

Founders: Edward Miller, Huub Heijnen
Founding: €7.3 million
Valuation: $32 million – $48 million
Founded year: 2016

Why its hot: Space Technologies uses Artificial Intelligence so that camera devices recognise their surroundings. The company is building a cloud-based computer vision called ‘Vision Engine’ to make this possible. Instead of depending on 3D maps that are stored locally, Vision Engine references 3D maps stored in the cloud. In future, this technology will find applications across devices ranging from AR headset, drones and self-driving cars.

BIOS

Founders: Emil Hewage, Oliver Armitage
Founding: €5.1 million
Valuation: $18 million – $27 million
Founded year: 2015

Why its hot: BIOS is a leading neural engineering startup, which makes use of Artificial Intelligence to bridge the gap between technology and the human body. The startup uses machine learning, applied materials, neuroscience, software engineering and experienced clinicians and surgeons. It aims to heal people with the help of advanced technology. For instance, BIOS seeks to improve prosthetic limbs using technology.

PolyAI

Founders: Nikola Mrkšić, Pei-Hao Su, Tsung-Hsien Wen
Founding: €10.9 million
Valuation: $48 million – $72 million
Founded year: 2017

Why its hot: The PolyAI platform powers conversational AI agents or chatbots guiding users via complex customer support scenarios. PolyAI has developed a world-class technology that understands users and holds conversations in various languages. The AI agents use the company’s proprietary machine language and natural language processing so that they can scale seamlessly across various languages and use cases.

Skyrora

CEO: Vladimir Levykin
Founded year: 2017

Why its hot: Skyrora operates with the mission to support UK’s plans contribute to the growth of spacetech by developing an orbital launch vehicle and supply chain innovations. Using technology with advanced manufacturing methods, it is inspired by the space heritage of the UK. Skyrora attempts to engage with the community and launch vehicles that produce minimal carbon footprint. Basically, it is a startup that tries to bring spacetech and science to the masses.

Factory 42

Founders: John Cassy
Founded year: 2017

Why its hot: Factory 42 is a one of its kind television content production studio. It uses cutting-edge advanced imaging technologies such as augmented reality, virtual reality and mixed reality to develop unique multi-sensory experiences for destinations, artists, brands and broadcasters. It lets professionals from various fields ranging from arts to neuroscience come together to imagine new worlds that will delight audiences.

HoloMe

Founders: Janosch Amstutz
Founded year: 2017

Why its hot: HoloMe brings humans to live with the incredible power of Augmented Reality on mobile devices. It harnesses the real sense of scale, size and detail so that viewers are captivated with a unique and immersive visual experience. HoloMe’s technology is aimed at revolutionising the retail business across the world. It works with Esquire and H&M among others.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Also read,

https://siliconcanals.com/news/10-cool-irish-ai-scaleups-to-watch-in-2019/