AI Startup Funding In 2019 Set To Outpace Previous Year
Investors just can’t get enough of artificial intelligence and machine-learning startups—if the latest data on venture capital funding is any indication.
Total funding for AI and machine-learning startups for the first three quarters of 2019 was $12.1 billion, surpassing last year’s total of $10.2 billion, according to the PwC and CB Insights’ MoneyTree report.
With global spending on AI systems set to grow 28.4 percent annually to $97.9 billion, according to research firm IDC, these startups see an opportunity to build new hardware and software innovations that can fundamentally change the way we work and live.
What follows is a look at the 10 hottest AI and machine-learning startups of 2019, whose products range from new AI hardware and open-source platforms to AI-powered sales applications.