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Here are 46 AI startups worth at least $1 billion after a record year for the exploding space

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automation industry.

  • CB Insights compiled a list of artificial intelligence companies that have reached a valuation of at least $1 billion, including several businesses that surpassed that mark in 2019.
  • These AI unicorns are using the technology across industries like cybersecurity, transportation, healthcare, agriculture, retail and finance.   
  • The AI industry saw record-high funding levels in 2019, with total deal value exceeding $26 billion, according to a CB Insights report released Wednesday.
  • Read the full list of all 46 companies which includes Babylon Health, Dataminr, Argo AI, and ByteDance. 
  • Click here for more BI Prime stories.

Funding for artificial intelligence startups surpassed record-high levels in 2019, with more than 2,200 deals totaling nearly $27 billion, CB Insights found in a report released Wednesday.

Those funding levels are up about 20% from a year ago, and an increase of more than 500% over the past five years as the AI space has exploded.

Last year also brought a historic number of exits for these private companies, with the firm tracking 231 M&A deals and 10 initial public offerings. And other AI startups are just arriving, with 24 surpassing a $1 billion valuation in 2019, the analysis found.

CB Insights AI startup funding

The research group also compiled a list of every AI company that has reached so-called unicorn status. CB Insights included companies focused on AI-related algorithms, hardware, software-as-a-service or consultancies. 

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 46 private AI unicorns, spanning the business world from transportation to healthcare to agriculture. The list also includes the year they were founded some of the their most prominent backers.

This article was originally published on August 8, 2019. It has been updated. Clarrie Feinstein contributed to an earlier version of this article.

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

 



Icertis - $1 billion

What it does: It provides cloud-based contract lifecycle management services to other companies.

Where it's based: US

Year founded: 2009

Key investors: Eight Roads Ventures, Greycroft, Ignition Partners

 



DataRobot - $1 billion

What it does: Works with organizations to help them use AI with its enterprise machine learning platform.

Where it's based: US

Year founded: 2012

Key investors: New Enterprise Associates, Accomplice, IA Ventures

 



Lightricks - $1 billion

What it does: Lightricks sells subscriptions to Facetune and Enlight, content creation apps that use AI to fine-tune selfies.

Where it's based: Israel

Year founded: 2013

Key investors: Viola Ventures, Insight Partners, ClalTech, Goldman Sachs

 



Scale AI - $1 billion

What it does: The company helps develop AI applications by turning raw information into the human-labeled training data.

Where it's based: US

Year founded: 2016

Key investors: Accel, Y Combinator, Index Ventures

 



Anduril - $1 billion

What it does: Its border control technology, including towers and cameras, uses AI to track movement 

Where it's based: US

Year founded: 2017

Key investors: Andreessen Horowitz, Founders Fund, Revolution Ventures

 



Faire - $1 billion

What it does: Its free platform lets retailers find and A/B test new products for their stores.

Where it's based: US

Year founded: 2017

Key investors: Khosla Ventures, Forerunner Ventures, Sequoia Capital

 



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: Sinovation Ventures, Tencent Holdings, Sequoia Capital China



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: Aglae Ventures, Global Founders Capital, Alven Capital



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: Intel Capital, Aviv Venture Capital



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: Tencent Holdings, Walden Venture Capital, Global Catalyst Partnera 



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: Sina Weibo Fund, Zhiping Capital, Composite Capital Partners



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, and Institutional Venture Partners



Coveo - $1.1 billion

What it does: Improving search and recommendaitons with its cloud-based, AI-powered technology.

Where it's based: Canada

Year founded: 2005

Key investors: Fonds de Solidarite FTQ, Propulsion Ventures, BDC Venture Capital

 



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: Mayfield Fund, M12, Trinity Ventures



Unisound - $1.2 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: Qiming Venture Partners, China Internet Investment Fund, Qualcomm 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: Sequoia Capital China, China Construction Bank, Bank of China



Infi - $1.25 billion

What it does: Its EmpathAI platform builds predictive algorithms with machine learning, offering insights into people's traits, feelings and motivations.

Where it's based: Israel

Year founded: 2013

Key investors: Pacific Century Group

 



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: Bill & Melinda Gates Foundation, Aeris Capital



Trax - $1.3 billion

What it does: Uses computer vision to work with retail companies to boost how their products look and perform on the shelf.

Where it's based: Singapore

Year founded: 2010

Key investors: Hopu Investment Management, Boyu Capital, DC Thomson Ventures

 



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: Makena Capital Management, TPG Growth, Breyer Capital

 



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: Venrock, Institutional Venture Partners, Goldman Sachs



Darktrace - $1.65 billion

What it does: Darktrace helps defend companies against cyberattacks.

Where it's based: UK

Year founded: 2013

Key investors: KKR, Ten Eleven Ventures, Summit Partners



XANT - $1.7 billion

What it does: Previously known as InsideSales.com until November 2019, the company sells services to boost sales, marketing and account performance teams. 

Where it's based: US

Year founded: 2004

Key investors: Microsoft Ventures, US Venture Partners, Kleiner Perkins Caufield & Byers

 



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: Sequoia Capital China, IDG Capital, DCM Ventures

 



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: Dell Technologies Capital, Pitango Venture Capital, Amadeus Capital Partners



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: GAM Holding



Babylon Health - $2 billion

What it does: The digital healthcare company connects patients and doctors within minutes with video consultations, phone calls and texts.

Where it's based: United Kingdom

Year founded: 2013

Key investors: Kinnevik, Vostok New Ventures, Public Investment Fund of Saudi Arabia

 



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: RRE Ventures, Tiger Global, August Capital



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: Toyota Motor Corporation, Mizuho Financial Group, FANUC



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, CAS Investment Management Co., Lenovo Ventures Group

 



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: 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: Revolution, New Enterprise Associates, Caterpillar



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: Sequoia Capital China, Banyan Capital

 



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: Hillhouse Capital Management, Linear Venture, Morningside Venture Capital



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, Draper Fisher Jurvetson 



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: Oriza Holdings, Guangdong Technology Financial Group 



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, Baillie Gifford & Co.



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: Ant Financial Services Group, Russia-China Investment Fund, Foxconn Technology Company



UiPath - $6.4 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, capitalG, Earlybrid Venture Capital, Seedcamp 



Automation Anywhere - $6.8 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



Argo AI - $7 billion

What it does: The AI company is developing machine-learning software for self-driving cars.

Where it's based: US

Year founded: 2016

Key investors: Volkswagen Group, Ford Autonomous Vehicles

 



SenseTime - $7.5 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: Star VC, IDG Capital, Infore Capital, Alibaba Group



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: Sequoia Capital China, SIG Asia Investments, Sina Weibo, Softbank Group




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