At Employbl we've harvested data on ten thousand tech companies and counting, primarily through the Diffbot Knowledge Graph. A Knowledge Graph is a connected network of facts. Diffbot has harvested trillions of facts to provide information on organizations, people, the news and more. We've used their knowledge graph to, among other things, identify companies operating in the Artificial Intelligence industry.
Categorizing a company's industry isn't always easy. For better or worse there there is no formal taxonomy for company industries but we're able to look up company's Standard Industrial Classification (SIC) and North American Industry Classification System (NAICS) codes used by the federal government to classify companies. The result is over 1,600 companies working in the Artificial Intelligence space. I hope this list is helpful for job seekers, policy professionals and anyone els
e interested in learning more about the tech and artificial intelligence industries.
In this blog post I'll present some of the standout companies, the ones that have raised the most money, have the most money as well as some of the up and comers, companies founded recently, ones that have raised money recently and others.
Without further ado, let's dig into the data about today's AI tech companies and startups!
🤖 24 Largest Artificial Intelligence Companies
I used the filters on Employbl to filter for Artificial Intelligence companies that have raised the most money and have the most employees. Ten of them have raised over a billion dollars from investors! This list contains a mix of public and private companies and doesn't include money raised from public markets. A public company is one that anyone can buy a piece of and has gone public in some big event like an Initial Public Offering (IPO) or more recently SPAC or other newfangled inventions to get to the public market. If you're interested in segmenting out the data further login to the Employbl dashboard and test our filters out. The data below is just a taste ;)
| Company Name | Description | Amount Raised | Year Founded | Headquarters Location | Estimated # of Employees |
|---|---|---|---|---|---|
| Nvidia | NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. | $4.024 billion | 1993 | Santa Clara, CA | 8,439 |
| Google LLC is an American multinational technology company that specializes in Internet-related services and products. | $36 million | 1998 | Mountain View, CA | 84,330 | |
| Argo AI | Argo AI is an autonomous driving technology company. | $3.6 billion | 2016 | Pittsburgh, PA | 447 |
| Magic Leap | Magic Leap, Inc. is an American startup company that released a head-mounted virtual retinal display. | $2.978 billion | 2010 | Plantation, FL | 869 |
| UiPath | UiPath is a global software company for robotic process automation (RPA). | $1.992 billion | 2005 | New York, NY | 1,487 |
| Indigo | Indigo Agriculture, Inc. develops microbial and digital technologies. | $1.168 billion | 2013 | Boston, MA | 1,582 |
| [24]7.ai | [24]7.ai is a customer experience software and services company that uses artificial intelligence and machine learning to understand consumer intent. | $22 million | 2000 | San Jose, CA | 1,285 |
| SambaNova | SambaNova Systems, Inc. provides software solutions. | $1.141 billion | 2017 | Palo Alto, CA | 73 |
| Pony.ai | Pony.ai is an autonomous vehicle technology company co-located in Silicon Valley, Beijing and Guangzhou. | $1.092 billion | 2016 | Fremont, CA | 189 |
| Automation Anywhere | Automation Anywhere's business includes the wholesale distribution of computers, computer peripheral equipment, and computer software. | $849 million | 2003 | San Jose, CA | 1,178 |
| Tempus Labs | Tempus Labs, Inc. operates as a clinical laboratory. | $1.07 billion | 2015 | Chicago, IL | 729 |
| Dataminr | Dataminr's clients are the first to know about critical events and breaking information. | $1.052 billion | 2009 | New York, NY | 432 |
| DataRobot | DataRobot, Inc. provides Internet based services. | $1 billion | 2012 | Boston, MA | 742 |
| Fractal | Fractal Analytics is a multinational artificial intelligence company that provides services in consumer packaged goods, insurance, healthcare, life sciences, retail and technology, and the financial sector. | $325 million | 2000 | New York, NY | 909 |
| Welocalize | Welocalize provides technology solutions. | $34 million | 1997 | Frederick, MD | 858 |
| Afiniti | Afiniti is the world’s leading applied artificial intelligence and advanced analytics provider. | $197 million | 2006 | Washington, D.C. | 2006 |
| C3 | C3 is a leading software provider for rapidly developing, deploying, and operating AI, predictive analytics, and IoT applications. | $228 million | 2009 | Redwood City, CA | 707 |
| Zymergen | Zymergen is unlocking new sources of molecular diversity, which enables us to make new products to meet industry’s greatest needs | $874 million | 2013 | Emeryville, CA | 342 |
| Olive | Olive deploys the AI workforce built specifically for healthcare. | $856 million | 2012 | Columbus, OH | 276 |
| Insitro | Insitro is an operator of a data-driven drug discovery and development company. | $743 million | 2018 | South San Francisco, CA | 84 |
| Lendbuzz | Lendbuzz uses Big Data analytics to significantly improve access to credit for international students and professionals living in the US. | $696,200,000 | 2015 | Boston, MA | 24 |
| Anduril Industries | Anduril Industries, Inc. provides security solutions. | $691 million | 2017 | Irvine, CA | 154 |
| You & Mr Jones | You & Mr Jones is the world's first Brandtech group. Building brands better, faster and cheaper, using technology. | $610 million | 2015 | New York, NY | 21 |
| Scale AI | Scale accelerates the development of AI applications by helping machine learning teams generate high-quality ground truth data. | $602 million | 2016 | San Francisco, CA | 211 |
Noticeably absent from this list of the largest AI companies are the FAATMAN companies (besides Google). All of these companies unquestionably use AI to monitor their customers, suppliers and partners as well as to build their products. With the exception of Google we don't categorize these companies as being in the "AI industry". I do believe they deserve some coverage in this post though so I'll leave this here, courtesy of Chartr, CB Insights and Koyfin:
🚀 51 Up and Coming Artificial Intelligence Startups
Now that we've looked at the largest Artificial Intelligence companies in the US market today, we'll look at up and coming AI startups. These companies are often founded within the past few years and have fewer than one hundred employees. There's no agreed upon definition of what constitutes a startup, but these companies are on that rocket ship startup growth trajectory or crash and burn that you hear about in the movies and popular culture. In order for Venture Capital (VC) investors to make a return to their Limited Partners (LPs) there needs to be some massive growth and returns on some of these companies. These returns for investors (and employees to some extent) result from larger successive fundraising rounds, which breed "liquidation events" for shareholders. When VCs invest in startups they get preferred shares which are often more valuable or at least more liquid that shares owned by the founder or employees. At these liquidation events, the biggest of which is an IPO -- taking the company to the public market, investors hope for that 10X return that will pay for the rest of the investments they made in companies that didn't pan out and then some. Many of these companies will not pan out but some are going to be huge.
If you're interested in learning more about the models and economics of venture capital I suggest this PG post on Black Swan Investing from 2012. If you're really interested in the financing side of startups The Holloway Guide to Venture Capital Investing is a good start, as is listening to All-In Podcast.
The two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a few big winners, and (2) that the best ideas look initially like bad ideas.)
- Paul Graham, 2012
With theose disclaimers about early stage startups aside here's the list:
| Company Name | Year Founded | Headquarters Location | Estimated # of Employees | Funding Round | Funding Amount | Funding Date |
|---|---|---|---|---|---|---|
| Anthropic | 2021 | San Anselmo, CA | 2 | Series A | $124 million | 2021-05-27 |
| Dyno Therapeutics | 2018 | Cambridge, MA | 75 | Series A | $100 million | 2021-05-05 |
| Climavision | 2020 | Louisville, KY | 7 | Series A | $100 million | 2021-06-01 |
| Truveta | 2020 | Seattle, WA | 24 | Series A | $95 million | 2021-07-12 |
| Immunai | 2018 | New York, NY | 66 | Series A | $60 million | 2021-02-10 |
| Dexterity | 2017 | Redwood City, CA | 44 | Series A | $56,200,000 | 2020-07-21 |
| NVoq Inc | 2000 | Boulder, CO | 27 | Series A | $55,800,000 | 2020-10-28 |
| Touchcast | 2010 | New York, NY | 48 | Series A | $55 million | 2021-02-02 |
| Firework | 2017 | Redwood City, CA | 80 | Series A | $55 million | 2021-03-23 |
| Entos | 2019 | Los Angeles, CA | 9 | Series A | $53 million | 2021-07-13 |
| Genesis Therapeutics | 2019 | South San Francisco, CA | 12 | Series A | $52 million | 2020-12-01 |
| Enveda Biosciences | 2019 | San Francisco, CA | 6 | Series A | $51 million | 2021-06-21 |
| EdgeQ | 2018 | Santa Clara, CA | 11 | Series A | $51 million | 2020-11-16 |
| Nimble Robotics | 2017 | San Francisco, CA | 24 | Series A | $50 million | 2021-03-10 |
| Metropolis | 2017 | Los Angeles, CA | 17 | Series A | $41 million | 2021-01-18 |
| ActZero.ai | 2019 | Seattle, WA | 27 | Seed | $40 million | 2021-03-08 |
| Oqton | 2017 | San Francisco, CA | 35 | Series A | $40 million | 2021-01-14 |
| Nate | 2018 | New York, NY | 53 | Series A | $38 million | 2021-06-16 |
| Coco Robotics | 2019 | Santa Monica, CA | 4 | Series A | $36 million | 2021-08-24 |
| Tribal Credit | 2016 | San Francisco, CA | 38 | Series A | $34,300,000 | 2021-04-20 |
| InfinStor | 2020 | San Jose, CA | 6 | Seed | $33,333,332 | 2020-08-31 |
| Bear Robotics. | 2017 | Redwood City, CA | 31 | Series A | $32 million | 2020-01-21 |
| Realtime Robotics Inc | 2016 | Boston, MA | 31 | Series A | $31,400,000 | 2021-06-02 |
| LiveControl | 2019 | Santa Monica, CA | 10 | Series A | $30 million | 2021-07-20 |
| RED 6 | 2018 | Santa Monica, CA | 33 | Series A | $30 million | 2021-05-31 |
| Heru | 2018 | Miami, FL | 1 | Series A | $30 million | 2021-05-19 |
| Iterative Scopes | 2017 | Cambridge, MA | 18 | Series A | $30 million | 2021-08-02 |
| Torch Research LLC | 2017 | Leawood, KS | 9 | Series A | $30 million | 2021-03-16 |
| DNSFilter | 2015 | Washington, D.C. | 22 | Series A | $30 million | 2021-07-20 |
| Brightseed | 2017 | San Francisco, CA | 27 | Series A | $27 million | 2020-09-14 |
| AXON Networks | 2021 | Irvine, CA | 1 | Series A | $27 million | 2021-04-12 |
| Replicant | 2017 | San Francisco, CA | 35 | Series A | $27 million | 2020-09-09 |
| Gather | 2020 | San Bruno, CA | 12 | Series A | $26 million | 2021-03-10 |
| Ellipsis Health | 2017 | San Francisco, CA | 26 | Series A | $26 million | 2021-06-14 |
| Lightelligence | 2017 | Boston, MA | 16 | Series A | $26 million | 2020-04-06 |
| SetSail | 2018 | San Mateo, CA | 36 | Series A | $26 million | 2021-01-25 |
| Deep North Inc | 2016 | Foster City, CA | 63 | Series A | $25,700,000 | 2020-03-11 |
| TerraClear Inc | 2017 | Bellevue, WA | 19 | Series A | $25 million | 2021-05-25 |
| Gatik | 2017 | Palo Alto, CA | 13 | Series A | $25 million | 2020-11-22 |
| Reverie Labs | 2017 | Boston, MA | 11 | Series A | $25 million | 2021-02-02 |
| Orum | 2018 | San Francisco, CA | 17 | Series A | $25 million | 2021-07-26 |
| Remesh | 2014 | New York, NY | 122 | Series A | $25 million | 2020-03-11 |
| Bryte | 2016 | Los Altos, CA | 30 | Series A | $24,486,816 | 2021-01-12 |
| Lunchclub | 2018 | San Francisco, CA | 14 | Series A | $24,200,000 | 2020-08-31 |
| Electric Hydrogen Co. | 2020 | Natick, MA | 3 | Series A | $24 million | 2021-06-22 |
| Julia Computing | 2015 | Cambridge, MA | 32 | Series A | $24 million | 2021-07-18 |
| Tonkean | 2016 | San Francisco, CA | 15 | Series A | $24 million | 2020-04-07 |
| Insurify | 2013 | Cambridge, MA | 24 | Series A | $23 million | 2020-01-14 |
| Riskpulse | 2007 | Austin, TX | 12 | Series A | $22,700,000 | 2020-01-08 |
| DeepSee.ai | 2019 | Salt Lake City, UT | 17 | Series A | $22,600,000 | 2021-03-14 |
| Phantom AI | 2016 | Burlingame, CA | 14 | Series A | $22 million | 2020-04-01 |
That's all for now
In this post we looked at the largest AI companies by eployee count and amount of money raised from financiers. We didn't look at any companies that were acquired and included some notes about the FAATMAN companies that debatably could additionally be categorized as "AI companies". Then we looked at new AI startups based on Series A and Seed rounds raised for US based companies since January 1, 2020. A total of 430 unique AI startups have raised either Series A or Seed rounds since the beginning of 2020. We highlighted the 51 here that have raised the most money. Going forward, I'd definitely like to explore some trends further about funding totals, locations of the companies being funded and some more overall reporting about the industry.
All of these AI companies are available to explore through the Employbl dashboard. We'll be adding more features soon like ability to filter by funding round and mapping out the companies and pulling their job listings. Today it's free to sign up with your social account :)