Within a decade, technologies like artificial intelligence, machine learning, and robotics are gaining the attention of business leaders who wish to work with the latest technological innovations and direct their attention toward global industries. From providing healthcare services to presenting highly intelligent AI and ML solutions to almost every sector, AI startups are the hottest brands in the market. Just like any other startup, AI startups also need funding for the cash flow to meet expenses until profits pick up. Since most global industries have already adopted or are planning on adopting AI-driven technologies, the IT and tech domains are coming forward with various tech-driven solutions that can accelerate the rapid evolution of the tech industry. The amount of money invested annually into startup companies working in the artificial intelligence (AI) market worldwide has continuously increased from 2014 to 2021. In 2020, AI startups attracted around US$36 billion in investment. Just in the first six months of 2021, these figures were surpassed and reached US$38 billion. This article features the top 10 most funded AI startups to watch and explore in 2022.
Mumbai and San Francisco-based Fractal has raised US$360 million in funding from private equity investors TPG. The investment would be made through TPG's Asia-focused private equity platform TPG Capital Asia. Fractal offers artificial intelligence (AI) and analytics solutions — such as marketing analytics, forecasting, pricing, and promotion optimization services, and consumer insights — to several Fortune 500 firms in the world, which typically have a revenue of US$10 billion. It is one of the most funded AI startups to watch in 2022.
Darwinbox has recently made up to the unicorns in the Analytics SaaS domain. The company specializes in producing HR management software for major companies and has become the first true local player to enter into the famed unicorn club with a valuation of over US$1 billion, starting 2022 with a bang.
Viz.ai, the leading AI-powered disease detection, and care coordination platform have raised a US$100 million funding round at a US$1.2 billion valuation. The Series D round, which comes as the number of hospitals using the Viz Platform surpasses the 1,000 mark and patients served reaches millions, was led by Tiger Global and Insight Partners. Also joining the round were several of the company's early backers, including Scale Ventures, Kleiner Perkins, Threshold, GV (formerly Google Ventures), Sozo Ventures, CRV, and Susa. It is one of the most funded AI startups to watch in 2022.
Run.AI, which has developed an AI infrastructure orchestration and management platform, announced on Tuesday that it has raised US$75 million in a Series C round led by Tiger Global Management and Insight Partners, who led the previous Series B round. The round includes the participation of additional existing investors, TLV Partners, and SCapital VC, bringing the total funding raised to date to US$118 million.
Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A injection. The company did not disclose the exact amount, only saying that the proceeds were in the "several tens of millions of dollars." Moffett vows that its AI chips differentiate by using a technology called "sparsification", a process that prunes redundant information from neural network models and ultimately leads to faster processing. It is one of the most funded AI startups to watch in 2022.
7bridges, aiming to simplify processes as an AI-based automation platform — it ingests a company's supply chain, operating, and logistics data to present a user with optimized recommendations for how to move goods — is announcing US$17 million in new funding, a sign of the demand in the market to address and fix how supply chains work.
OpenSea, one of the most talked-about blockchain startups in Silicon Valley, has raised US$300 million in new venture capital, making it the latest company to cash in on a rush to fund cryptocurrency startups. The new round of funding, led by investment firms Paradigm and Coatue Management, brings the startup's valuation to a staggering US$13.3 billion just four years after it was founded. It is one of the most funded AI startups to watch in 2022.
Actyv.ai is an AI-driven enterprise SaaS startup that secured US$5 million in a pre-series A funding round from the Dubai-based 1Digi Investment management firm to scale up and expand its business globally. The Bengaluru-based startup solves complex business and real-life industry issues for enterprises by leveraging existing IT systems by using the low-code and no-code workbench of the company.
Data Sutram has received US$2.07 million from eminent investors such as Varanium Capital and Yatra Angel Network. It is a Mumbai-based location intelligent startup that offers sector-focused data packages to help enterprises acquire customers efficiently. It will use this funding on AI to scale up the operations at an international level and invest in new data sources. It is one of the most funded AI startups to watch in 2022.
Bhopal-based We360.ai on April 11 announced that it has raised US$500K in seed funding. The employee productivity monitoring software received funding from GSF Accelerator, SucSEED Innovation Fund, and the founder and chief executive officer (CEO) of GOQii, Vishal Gondal, among others.
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