- CB Insights compiled a list of artificial intelligence companies that have reached a valuation of at least $1 billion.
- These AI unicorns are using the technology across industries like cybersecurity, transportation, healthcare, agriculture, retail and finance.
- Healthcare is the top industry for AI deals, with companies raising $7.3 billion across 922 deals over the past six years, according to CB Insights
- Read the full list of all 41 companies which includes ZipRecruiter, Dataminr, SenseTime, and ByteDance.
- Click here for more BI Prime stories.
CB Insights hascompiled a list of every artificial intelligence company that has reached the $1 billion valuation mark, or what is often called unicorn status.
A total of nine startups reached a valuation of at least $1 billion in 2019 so far. Since 2013, 45 AI startups have joined the unicorn club.
The chart from CB Insights shows all AI unicorns that are current and exited from 2013-2019.Chart is courtesy of CB Insights.
CB Insights says it defines AI companies as, “those that use machine learning as a core differentiator, sell AI software, or built AI chips.” The list excludes hardware-focused robotics startups and VR companies.
In itsreport “AI In Numbers” on financing through the middle of 2019, CB Insights found that healthcare was the leading industry for AI deals, coming in at $7.3 billion across 922 deals over the past six years. AI startups in finance and insurance raised $5.2 billion across 621 deals, while retail-focused firms attracted $2.7 billion across 561 deals.
Read more:One sector has emerged as the hottest area for AI investment. A top investor at Andreessen Horowitz told us why it’s the ‘natural next step’ for the industry.
Take a look at all 41 of the current AI unicorns across various industries like transportation, healthcare, cybersecurity, agriculture, finance, and retail. The list, based on information compiled by CB Insights, excludes companies that have gone public or been acquired.
iCarbonX – $1 billion
What it does: An AI platform that facilitates research related to the treatment of diseases, preventive care and nutrition, and is used to develop personalized medicine.
Where it’s based: China
Year founded: 2015
Key investors: China Bridge Capital, Tencent Holdings, Vcanbio
Intellifusion – $1 billion
What it does: The company offers facial recognition technology and is accelerating visual recognition in IP cameras, robots and cloud.
Where it’s based: China
Year founded: 2014
Key investors: BOC International, TopoScend Capital, Hongxiu VC
Globality – $1 billion
What it does: The company is a marketplace for business services, and can help link large companies with small and midsize service providers.
Where it’s based: US
Year founded: 2015
Key investors: SoftBank Group
Momenta – $1 billion
What it does: The company develops driving technology for self-driving cars.
Where it’s based: China
Year founded: 2016
Key investors: Blue Lake Capital, CCB International, Cathay Innovation, China Merchants Capital, Daimler
Meero – $1 billion
What it does: A platform for photography that uses AI to enhance images.
Where it’s based: France
Year founded: 2016
Key investors: Eurazeo, Avenir Growth Capital, Prime Ventures
OrCam Technologies – $1 billion
What it does: The company created an eyeglasses device that can read words to people who can’t see.
Where it’s based: Israel
Year founded: 2010
Key investors: Aviv Venture Capital, BRM Group, Clal Insurance Enterprises Holdings, Intel Capital, Meitav Dash
SoundHound – $1 billion
What it does: The company specializes in using AI technology to understand sounds. It offers an app that can identify music when a user hums or sings a melody into their phone.
Where it’s based: US
Year founded: 2005
Key investors: Cota Capital, Daimler, Felicis Ventures, Global Catalyst Partners, Global Catalyst Partners Japan
TuSimple – $1 billion
What it does: The company uses AI technology to make trucking safer and more efficient, by introducing self-driving trucks.
Where it’s based: US
Year founded: 2015
Key investors: CDH Investments, Sina, Composite Capital Partners
Unisound – $1 billion
What it does: The company offers speech recognition technology for devices like wearables, navigation tools, and smart appliances.
Where it’s based: China
Year founded: 2012
Key investors: CICC Jiacheng Investment, CLP Health Fund, China International Capital Corporation, China Internet Investment Fund, Grains Valley Venture Capital
ZipRecruiter – $1 billion
What it does: The company runs an online jobs marketplace which uses some AI technology.
Where it’s based: US
Year founded: 2010
Key investors: Basepoint Ventures, Industry Ventures, Institutional Venture Partners, Undisclosed Investors, Wellington Management
Outreach – $1.1 billion
What it does: The company offers a sales engagement platform that aims to improve customer interactions.
Where it’s based: US
Year founded: 2014
Key investors: Lone Pine Capital, Four Rivers Group, DFJ Growth, Spark Capital, Sapphire VenturesMeritech Capital Partners, Lemonade Capital, Mayfield Fund, Trinity Ventures
4Paradigm – $1.2 billion
What it does: The company provides AI technology and services, helping financial firms detect fraud, reduce risk, and improve efficacy.
Where it’s based: China
Year founded: 2014
Key investors: Agricultural Bank of China, Bank of China, Bank of Communications, China CITIC Bank
Butterfly Network – $1.25 billion
What it does: The company created a handheld ultrasound scanner called the Butterfly iQ.
Where it’s based: US
Year founded: 2011
Key investors: Aeris Capital, Bill & Melinda Gates Foundation, Fidelity Investments, Fosun Pharmaceutical, Jamie Dinan
C3.ai – $1.4 billion
What it does: The company provides AI software for functions like fraud detection, supply network optimization, and energy management.
Where it’s based: US
Year founded: 2009
Key investors: Breyer Capital, InterWest Partners, Makena Capital Management, Pat House, Sutter Hill Ventures
Dataminr – $1.6 billion
What it does: The company provides alerts about important or breaking news and events in real time.
Where it’s based: US
Year founded: 2009
Key investors: Andrea Wuerfel, BoxGroup, Brainchild Holdings, Credit Suisse NEXT Investors, Declaration Partners
Darktrace – $1.65 billion
What it does: Darktrace helps defend companies against cyberattacks.
Where it’s based: UK
Year founded: 2013
Key investors: Hoxton Ventures, Insight Partners, Invoke Capital, KKR, Samsung Electronics
Pony.ai – $1.7 billion
What it does: The company is building technology to create self-driving vehicles.
Where it’s based: US
Year founded: 2016
Key investors: Adrian Cheng, China Merchants Capital, ClearVue Partners, Comcast Ventures, DCM Ventures
Afiniti – $1.8 billion
What it does: The company has developed AI for customer call centers that can match customers with agents based on behavioral patterns.
Where it’s based: US
Year founded: 2006
Key investors: Elisabeth Murdoch, Fred Ryan, GAM Holding, Ivan Seidenberg, John Browne
Graphcore – $1.7 billion
What it does: The company created a chip and software to help power AI technology.
Where it’s based: UK
Year founded: 2016
Key investors: Ahren Innovation Capital, Amadeus Capital Partners, Atomico, BMW i Ventures, C4 Ventures
InsideSales.com – $1.7 billion
What it does: The company sells an AI-powered sales platform.
Where it’s based: US
Year founded: 2004
Key investors: Acadia Woods Partners, Epic Ventures, Fraser Bullock, Hummer Winblad Venture Partners, Ireland Strategic Investment Fund
Avant – $2 billion
What it does: Using advanced algorithms and machine-learning, the company offers a customized approach to help online banking customers borrow money.
Where it’s based: US
Year founded: 2012
Key investors: August Capital, Balyasny Asset Management, Credit Suisse, CreditEase, DFJ Growth Fund
Preferred Networks – $2 billion
What it does: The software development company applies real-time machine learning technologies to transportation, manufacturing, and biotech and healthcare.
Where it’s based: Japan
Year founded: 2014
Key investors: Chugai Pharmaceutical, FANUC, Hakuhodo DY Holdings, Hitachi, JXTG Holdings
Lemonade – $2 billion
What it does: The company sells insurance for renters and homeowners.
Where it’s based: US
Year founded: 2015
Key investors: SoftBank Group, Allianz X, OurCrowd, Thrive Capital, General Catalyst
Cambricon – $2 billion
What it does: The company has developed a processor chip that simulates human nerve cells and brain processing to conduct deep learning.
Where it’s based: China
Year founded: 2016
Key investors: Alibaba Entrepreneurs Fund, Alibaba Innovation Investment, CAS Investment Management Co., CITIC Securities, CMB International Capital
BenevolentAI – $2.1 billion
What it does: The company is an advanced AI technology platform that synthesizes and extracts important data from complex scientific data sets to help find potential new medical treatments.
Where it’s based: UK
Year founded: 2013
Key investors: H. Lundbeck, Lansdowne Partners, Undisclosed Investors, Upsher-Smith Laboratories, Woodford Investment Management
Uptake Technologies – $2.3 billion
What it does: The company provides predictive analytic software that collects and interprets sensor data for clients from industries like mining, rail, energy, aviation, retail, and construction.
Where it’s based: US
Year founded: 2014
Key investors: Baillie Gifford $ Co., Caterpillar, GreatPoint Ventures, Lightbank, New Enterprise Associates
YITU Technology – $2.4 billion
What it does: The company works on areas including computer vision, voice and face recognition, reasoning, and robotics.
Where it’s based: China
Year founded: 2012
Key investors: China Industrial Asset Management, China Merchants Bank, Etisalat, Gaocheng Capital, Gaorong Capital
Aurora – $2.5
What it does: The company develops self-driving car technology.
Where it’s based: US
Year founded: 2017
Key investors: Sequoia Capital, Amazon.com, Geodesic Capital, Shell Ventures, Reinvent Capital, Lightspeed Venture Partners, Greylock Partners
Automation Anywhere – $2.6 billion
What it does: The company helps businesses automate key tasks like data collection and entry.
Where it’s based: US
Year founded: 2003
Key investors: General Atlantic, Goldman Sachs, New Enterprise Associates, SoftBank Group, Workday Ventures
Nuro – $2.7 billion
What it does: The company is working on self-driving vehicles.
Where it’s based: US
Year founded: 2016
Key investors: SoftBank Investment Advisers
Horizon Robotics – $3 billion
What it does: The company offers AI technology that can analyze traffic patterns and road conditions and is also working on technology for cars.
Where it’s based: China
Year founded: 2015
Key investors: SK Group, SK Hynix, CITIC Securities International Co, China Minsheng Investment Group, Oceanwide Capital
CrowdStrike – $3 billion
What it does: The cybersecurity company helps protect against hacking and cyberattacks.
Where it’s based: US
Year founded: 2011
Key investors: Accel, General Atlantic, Institutional Venture Partners, March Capital Partners, Rackspace
Tempus – $3.1 billion
What it does: Started by Groupon founder Eric Lefkofsky, Tempus aims to help doctors use data to find better cancer treatments for patients.
Where it’s based: US
Year founded: 2015
Key investors: Baillie Gifford & Co., Franklin Templeton Investments, Kinship Trust Company, Lightbank, New Enterprise Associates
Zoox – $3.2 billion
What it does: The company is working on self-driving vehicles.
Where it’s based: US
Year founded: 2014
Key investors: AID Partners, Blackbird Ventures, Breyer Capital, Composite Capital Partners, IDG Capital
CloudWalk – $3.3 billion
What it does: The company provides a payment network that processes transactions from credit and debit cards and other payment products.
Where it’s based: US
Year founded: 2013
Key investors: Plug and Play Accelerator, Plug and Play Ventures, Undisclosed Investors, Visa Acceleration Program
Indigo Agriculture – $3.5 billion
What it does: The agricultural company uses microbiology and other technology to improve the growth of crops like cotton, wheat, corn, soybeans, and rice.
Where it’s based: US
Year founded: 2016
Key investors: Activant Capital Group, Alaska Permanent Fund, Altitude Life Science Ventures, Baillie Gifford & Co., Flagship Pioneering
Face++ – $4 billion
What it does: The company offers facial recognition technology to clients in government, retail and other sectors.
Where it’s based: China
Year founded: 2011
Key investors: Abu Dhabi Investment Authority, Alibaba Group, Ant Financial Services Group, Bank of China Group Investment, Boyu Capital
SenseTime – $4.5 billion
What it does: The company offers AI technologies in areas ranging from image recognition to autonomous driving. It says its tech can be used in smart cities, mobile phones, online entertainment, and retail.
Where it’s based: China
Year founded: 2014
Key investors: Advantech Capital, Alibaba Group, All-Stars Investment, Bank of China Group Investment Zheshang Capital, CDH Investments
Tanium – $6.7 billion
What it does: The company providers cybersecurity and aids IT teams to handle cyberthreats.
Where it’s based: US
Year founded: 2007
Key investors: Adage Capital Management, Andreessen Horowitz, Baillie Gifford & Co., Executive Press, Franklin Templeton Investments
UiPath – $7.1 billion
What it does: The company provides a software platform to help organizations automate business processes. It is used in industries like healthcare, finance, and human resources.
Where it’s based: United States
Year founded: 2005
Key investors: Accel, Coatue Management, Credo Ventures, Dragoneer Investment Group, Earlybird Venture Capital
ByteDance – $75 billion
What it does: The company provides online creative content platforms. The company’s most well known platform is TikTok, an app allowing users to share short videos.
Where it’s based: China
Year founded: 2012
Key investors: Bank of America, Bank of China, Barclays Bank, CCB International, CMB Wing Lung Bank
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