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In the past decade alone, artificial intelligence has undergone an immense transformation. As of 2023, AI is performing feats we never thought possible, which is sparking new ideas, industries, and more.
Many tactful and successful entrepreneurs have invested in AI startups, with some taking off faster than most people ever expected. To dive deeper into the most impressive and successful AI startups of 2023, we’ve created a comprehensive list.
The list takes many factors into consideration, from the fastest-growing startups to the most funded ones.
Methodology
Before we get into our top ten list, it’s important to understand which factors we considered when compiling the most impressive AI startups:
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Search Growth Rate. A startup’s five-year growth rate can tell you a lot about its success of that startup. In this case, the growth rate of these startups was measured by the increase in search volume.
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Funding. Startups can’t go anywhere without funding, and the ones that receive the most funding often offer new and innovative ideas that investors are interested in.
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Year Founded. The age of a startup can determine success based on whether or not that startup has already peaked in growth or whether growth is just getting started. New startups may seem more successful on paper but can also be more unstable.
Remember that these factors are all important for determining the success of a startup, which is why this list will provide the most impressive startups that excel in one or more of these criteria.
With these in mind, here are the top ten most impressive startups of 2023:
Detailed List of the Top 10 Most Impressive AI Startups of 2023
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Fastest Growing – OpenAI
Search Growth: 1,905% (Exploding)
Funding: $1 billion
Year Founded: 2015OpenAI is an AI research company that aims to create artificial general intelligence that benefits humanity. Since its founding in 2015, this startup’s research areas have had a wide range, with an interesting focus on artificial neural networks and natural language processing.
OpenAI’s growth has been sudden and explosive, as the company had a very low search volume up until 2022. However, once ChatGPT began to take the world by storm, the startup also began to see massive growth. Within the past year alone, OpenAI has seen its search volume increase from almost nothing to 2.3 million monthly searches.
OpenAI also has some of the highest funding out of any AI startups on this list, with recent growth indicating that funding will only continue to increase.
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Most Funded – Argo
Search Growth: 0% (Peaked)
Funding: $3.6 billion
Year Founded: 2016Argo is a Pittsburgh, PA-based AI startup that specializes in navigation, especially as it pertains to self-driving cars. Argo is aiming to be the first fully integrated self-driving system and includes features like maps, hardware, software, and vehicle-building tools driven by artificial intelligence.
Argo operates through an artificially intelligent LIDAR system, which can construct models of roads in real-time, as well as assess obstacles for self-driving cars to navigate.
Ford and Volkswagon both have an estimated 42% share in Argo. Despite the fact that this startup has been put on hiatus for the foreseeable future, it’s still a promising and impressive startup.
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Oldest – Plainsight
Search Growth: -100% (Peaked)
Funding: N/A
Year Founded: 2007Plainsight specializes in helping enterprises manage products and supply chains through high-quality datasets, keeping track of inventory, and accurately labeling objects. This is done by means of centralized device management, cameras, sensors, and devices that can be controlled from one location.
Despite the fact that Plainsight is over a decade and a half old, it’s still used broadly and effectively by many different agriculture and pharmaceutical companies. Regardless of whether or not the startup’s search growth has peaked, this is still an incredibly impressive accomplishment.
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Newest – Perplexity AI
Search Growth: 1,225% (Exploding)
Funding: $15 million
Year Founded: 2022Founded incredibly recently in August of 2022, Perplexity AI has an astonishingly high search growth rate.
The startup works somewhat similarly to ChatGPT in that the AI uses natural language processing (NLP), large language models (LLM), and machine learning to create an effective chatbot. Over time, this box then becomes more skilled in conversation, answering questions, and more.
Currently, most information about Perplexity AI is circulating on Twitter and TikTok, without much presence anywhere else.
Whether or not this startup can compete with ChatGPT and OpenAI remains to be seen, as its search growth and funding are much smaller. However, with exceptional interest in such a short period of time, this AI startup is certainly one to keep an eye on.
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Moveworks
Search Growth: 1,000% (Regular)
Funding: $305 million
Year Founded: 2016One of the many AI startups founded in California, Moveworks is a highly successful company specializing in helping employees, mainly through troubleshooting. More specifically, the platform uses natural language understanding (NLU), conversational AI, and probabilistic machine learning to answer common questions, provide information about access, and more.
Moveworks have 500+ employees, making it one of the largest startups on this list. But overall, all of Movework’s stats are strong. With an impressive search growth rate of 1,000% over the past five years and at least $305 million in funding, this startup continues to have a bright future.
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Rytr
Search Growth: 880% (Exploding)
Funding: $21 million
Year Founded: 2021Writing tools seem to be all the rage in 2023, and Rytr is no exception. This startup focuses on providing a writing tool that creates unique, high-quality content for writers to work with. The goal of the tool is to aid writers and to do so; it features multiple languages, content templates, and copywriting frameworks.
Rytr was founded just under two years ago, in April of 2021, and has seen impressive growth since. Since its conception, the startup has seen its search growth increase by 880%, and it shows no signs of slowing down.
Today, Rytr’s main presence is on TikTok, though it is also being talked about on YouTube and Twitter as well.
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Copy AI
Search Growth: 777% (Exploding)
Funding: $11 million
Year Founded: 2020Copy AI is another recently-founded startup to watch, as its growth within the past year and a half has been very impressive. The startup essential went from no searches in 2020 and most of 2021 to an explosion of growth in 2022 alone.
As an AI tool, Copy AI focuses on helping professionals produce ad copies with higher conversion rates, create more engaging emails, and write blogs faster. These capabilities make Copy AI especially useful for copywriters and other digital writers who want to streamline their process.
This startup is mainly discussed on YouTube and TikTok but also has a smaller presence on Twitter and LinkedIn.
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Frame AI
Search Growth: 462% (Exploding)
Funding: $17.9 million
Year Founded: 2016Frame AI is a New York City-based AI startup that specializes in gleaning useful information from customer feedback and using it to solve customer challenges. The AI does this by detecting customer themes, identifying patterns that relate to customer acquisition and retention, and acquiring qualitative feedback. These insights are then compiled into quantitative data.
Some notable companies that use Frame AI include Fastly, NVIDIA, and Oscar Health, among many others. These companies value the startup because it helps them engage with and build an effective framework for their current and potential customers.
Frame AI has been successful for a while now but saw increasingly explosive growth in 2022, in particular, that blew any other year out of the water.
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Olive
Search Growth: 300% (Regular)
Funding: $856.3 million
Year Founded: 2012Founded in 2012, Olive is one of the older AI startups on this list. This age makes it all the most impressive that Olive has over $856 million in funding and has experienced a 300% growth rate in search volume within the past five years (nearly a decade after its conception).
Olive’s AI specializes in helping healthcare workers work faster, more effectively, and more reliably. It does this by automating high-volume, repetitive tasks, which allows healthcare workers to focus more on treating patients.
Part of the reason why Olive is so successful is due to its tangible results. With Olive’s 99.8% reliability, hospitals that use it work 4x faster than their counterparts.
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Dataiku
Search Growth: 204% (Regular)
Funding: $846.8 million
Year Founded: 2013Dataiku is also an older AI startup with balanced stats, seeing a healthy growth rate of 204% in the past five years and an impressive funding of just under $850 million.
Overall, this large-scale AI platform acts as a workbench for producing customized AI solutions. For instance, data analysts and developers can use Dataiku to develop personalized AI solutions that fit their specific needs. Dataiku’s AI accomplishes this through training, toolbox, and sandbox tools.
Instead of having immense growth in a short period of time, Dataiku has instead seen very steady but still considerable growth over a longer period of time.
Conclusion
When it comes to the success and innovative nature of AI startups, it seems the US is just getting started. As of 2023, there are several impressive AI startups to look out for, with some of the fastest growing and most funded, including OpenAI, Perplexity AI, Moveworks, and more.
New advancements in technology make AI programs and ideas more impressive than ever before, making it a truly special time for entrepreneurs, investors, and customers alike.
And as new innovations continue, we can expect to see more and more impressive growth from these startups going forward. Further, even when one idea fails or stagnates, there will surely be new ones to rise and overtake the market.
In the end, that’s why it’s so important to watch the market.
Author
Jack Flynn is a writer for Zippia. In his professional career he’s written over 100 research papers, articles and blog posts. Some of his most popular published works include his writing about economic terms and research into job classifications. Jack received his BS from Hampshire College.
