What makes an AI startup truly stand out in today’s tech landscape?
How do smaller firms compete with tech giants to bring innovative solutions to the market?
Gartner predicts that 80% of enterprises will utilize GenAI by 2026, up from less than 5% in 2023. Moreover, global IT spending is projected to hit $5.14 trillion, growing at nearly 4% annually. While Tracxn reports 67,199 AI and machine learning startups as of January 10, 2024, we bring you the top 7 AI startups poised to make waves in 2024.
1. Imbue:
Imbue has forged potent alliances this year in its quest to develop AI systems with reasoning capabilities. In September, it secured a $200 million Series B funding, surpassing a $1 billion valuation, with backing from Astera Institute, Nvidia, Cruise CEO Kyle Vogt, and Notion co-founder Simon Last, among others, following a rebrand from Generally Intelligent.
