In the world of artificial intelligence, there are many promising start-ups rising up the ranks. While there are some big companies like Microsoft and Google which are leading the industry in terms of AI, smaller companies are definitely giving them a run for their money. This is leading some of the world’s most high profile and well known investors to switch their investments to a smaller cause.
Q1 2020 hedge fund letters, conferences and more
In this article, we are going to look at some of the start-up businesses in the AI industry that are worthy of investment in 2020. Keep reading to get some additional information on this topic.
Dragonfly
Back in 2018, Dragonfly, a company that focuses on analysing customer attention was registered. This start-up takes a closer look at how the human brain processes information when shopping and uses this to make smart decisions on how to promote brands and improve marketing efforts. Dragonfly already has some impressive partnerships under their belt including IT outsourcing firm Capita. This company is set for big things.
Move.ai
For those interested in sporting performance metrics, Move.ai is a company to watch. This start-up is making waves in the world of AI as it offers probabilities and statistics on everything from speed and distance to volumetric body. They do this through a pre-recorded video feed and the technology that they use is very advanced. Move.ai has been raising funds for a while now and was worth over £2 million back in 2019. Make sure to keep an eye on this company.
Scribeless
If you follow Tej Kohli on Medium, you’ll already be aware of the importance of robotics in relation to artificial intelligence. One start-up focusing on both of these things is Scribeless who can replicate the handwriting of their clients. This might not sound that exciting, but you’ll find that they can help to boost customer engagement and provide a more personalised experience that saves clients time. Scribeless has had success in 2019 when they won £25K in the Santander Universities Entrepreneurship Awards.
Blyng
The final start-up that is making waves in the artificial intelligence industry is Blyng. This company is located within the property industry and the product itself is a chatbot. Chatbots are becoming increasingly popular for many business owners and for those in the property industry, this one is certainly exciting. Blyng can gather information on customers seeking properties and can also schedule viewings. Blyng has been on the scene since 2018 and was recently valued at £2.8m.
Conclusion
As you can see, there are some really exciting AI start-ups that are slowly but surely becoming successful in the industry. For those interested in investment, these companies should be the first place to look. They are still relatively small and so investment won’t be as tricky as it would be for some of the larger, more well-known companies. Make sure to keep an eye on these companies in the coming years as they continue to be successful.
