18 AI Startups to Watch
Artificial intelligence has become one of the key technologies reshaping the way we search for information, work with automating repetitive tasks, study with AI-powered tutors, and more. AI remains one of the dominant themes of venture capital investing and millions of users engage regularly with a growing number of AI apps. Here’s a curated list of 18 growing AI startups to look out for in 2024. Let’s dive right in! 1. VEED Website: https://www.veed.io/ Year founded: 2018 HQ: London, United Kingdom Users: 10 million Funding: $35 million Description: VEED offers an AI-powered video editing platform. The company’s video editor offers users a variety of tools, including background removal, automatic subtitles, AI avatars, and more. According to the startup, VEED generates more than $35 million in annual recurring revenue and serves 10 million users. 2. Fliki Website: https://fliki.ai/ Year founded: 2021 HQ: Dover, Delaware Users: 6 million Funding: No data available Description: Fliki is an AI text-to-video platform that generates video content at scale from text scripts or idea prompts in minutes. The startup specializes in social media videos suitable for various platforms, including Instagram Reels and TikTok. 3. PhotoRoom Website: https://www.photoroom.com/ Year founded: 2019 HQ: Paris, France Users: Not publicly disclosed Funding: $64 million Description: PhotoRoom is an AI-powered photo editor designed for online sellers. The company’s editor offers a number of features, including background removal, retouche, and shadows. The software supports batch edits, enabling users to edit multiple images at once. According to the startup, Photoroom has achieved over 150 million downloads. 4. Codeium Website: https://codeium.com/ Released: 2021 HQ: Mountain View, California Users: 700 thousand users Funding: $243 million Description: Codeium offers “ChatGPT for developers”, an AI tool that provides developers with autocomplete code suggestions, and answers code-related questions via chat functionality. AI startup Codeium reached a $1.25 billion…
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