Top 10 AI Startups to Look Out for in Silicon Valley 2024

Silicon Valley has long been a hub for innovation, and when it comes to cutting-edge technology like artificial intelligence (AI), this region continues to lead the way. With its concentration of brilliant minds, venture capital firms, and a supportive ecosystem, Silicon Valley remains at the forefront of AI research and development. Here, we've compiled a list of the top 10 AI startups to watch out for in Silicon Valley 2024 as they strive to transform industries and shape the future. These Top 10 AI Startups in 2024 are leveraging cutting-edge technologies to address complex challenges and drive transformative change.

1. Next Insurance:

Next Insurance is a Palo Alto based, transformative insurtech startup. It was founded in 2016 by Alon Huri, Nissim Tapiro and Guy Goldstein. They are known for providing tailored, affordable policies all while bypassing traditional brokers. They have a funding of $881 million with investors from Battery Ventures, FinTLV Ventures.

2. Wing:

Based in Palo Alto, Wing was founded in 2018 by Audrey Gelman. They are known for delivering products on their drone planes in three different countries. As competition intensifies, the Top 10 AI Startups in 2024 are striving to distinguish themselves through groundbreaking technologies and strategic partnerships. It is one of the AI Startups in Silicon Valley. 

3. Biome Makers

Biome Makers is providing the much needed technological upgrade to the agricultural sector. It was founded in 2015 by Alberto Becares and Adrian Ferrero and they are helping farmers by decoding the soil microbiome data and sustainably manage their crops. They have received a funding of $25 Million from investors like JME Ventures, Seaya Ventures.

4. Nuro

Located in Mountain View, Nuro deals with autonomous vehicles. It was founded in 2016 by Dave Ferguson and Jiajun Zhu. Local goods are delivered using self-driving vehicles. No driver is required along with plenty of room for storage. A lot of investors have provided funding over $2.1 Billion from google, softbank vision fund.

5. Dremio

Dremio a Santa Clara-based big data startup, is providing a lakehouse platform which provides easy access to open data. Dremio provides the biggest advantage of providing community driven standards like Apache Arrow and Iceberg for their processing engines. With a funding of $410 Million from investors like Sapphire Ventures, Dremio is making a big impact. Industry experts predict that the Top 10 AI Startups in 2024 will play a significant role in shaping the future of AI-driven solutions.

6. Daffy

Founded by Alejandro Crosa and Adam Nash, Daffy is a fintech company changing the way consumers are able to invest in donor-advised funds or DAFs. Daffy is making access to DAFs available to nearly anyone who is  willing to invest in charitable organizations.

7. Medable

Medable, founded in 2015,  is a Palo Alto based healthcare startup providing access to clinical research for both medical institutions and patients by giving swift  access for both. Medable is powered by patient-generated data through clinical trials and is one of the platforms to have everything at one centralized Location.

8. Step

Step is a fintech based company who are the creators of a mobile-first bank account which aids families in managing their money along with making them aware of the financial system. It would be a surprise that Step provides banking systems for anyone under the age of 18. They offer debit cards including parental controls for spending and transaction information.

9. People.ai

People.ai is using artificial intelligence (AI) to improve the productivity of the sales teams. Based in San Francisco, their platform provides data-driven suggestions on how, what and when to talk which helps sales reps in communicating effectively. People.ai can help organizations increase in revenues and reduce marketing costs by improving their close rate and shortening their sales cycle.

10. SoundHound

Founded by James Hom, Keyvan Mohajer and Majid Emami, SoundHound use AI to enable voice-activated tech. The best part? You don't have to do it manually, it will automatically occur in the conversation. The interface is natural and extremely user friendly and can be used for smaller devices as well as in other aspects of your life.