Top AI Startups to Watch (and Work for) in 2023

• As of August 2023, OpenAI surpassed a $1 billion revenue run rate.

• OpenAI’s ChatGPT reached 100 million users in 2 months after launch, making it the fastest-growing consumer app ever.

• ChatGPT attracted close to 1.6 billion visits in March 2023.

• OpenAI jumped 15 spots since last quarter, up to 3rd overall for most in-demand shares in the venture capital secondary market, according to Setter Capital.

• OpenAI recently extended its partnership with Microsoft and finalized partnerships with Stripe, Slack, Bain & Company, and Zoom.

• As of May 2023, Augury claims customers see a 3x-10x ROI within months.

• As of May 2023, Augury has 100+ global manufacturers as customers, including DuPont, Roseburg, Heineken, ICL Group, and Colgate-Palmolive.

• As of May 2023, Augury’s technology monitors 100,000+ machines, has a 99.9% accurate diagnostics success rate, and helps manufacturers reduce CO2 emissions of their equipment by 12% annually.

• Scale AI customers span enterprises, startups, governments, and generative AI companies, including Microsoft, OpenAI, Meta, GM, Toyota, Brex, Flexport, Instacart, US Army, and the US Airforce.

• The company reports 7.7 billion annotations and 1 billion+ 2D and 3D scenes labeled.

‍

• Hugging Face has 10,000+ customers, including Google AI, Meta AI, Amazon Web Services, Allen Institute for AI, Intel, Microsoft, and Grammarly.

• Hugging Face’s Transformers library on GitHub has 99.4K stars and 20.4K forks.

• Hugging Face completed its year-long research called BigScience on large multilingual models and datasets in collaboration with more than 1,000 researchers from 60 countries.

• Grammarly has 30 million daily active users.

• Grammarly has 50,000+ professional and enterprise team customers. Teams from Zoom, Expedia, KPMG, Databricks, Everlane, Atlassian, and HackerOne use Grammarly.

• Grammarly works across 500,000 applications and websites, including email clients like Gmail and Apple Mail, social media like Facebook and Twitter, and documents and projects like Google Docs and Microsoft Word.

• Jasper surpassed 100,000 paying subscribers. Jasper’s customers include marketing teams at Hubspot, Autodesk, Airbnb, Keller Williams, iHeartMedia, and Going.

• Jasper has 10,000 reviews with an average rating of 4.8/5 stars across G2, Trustpilot, and Capterra.

‍

• Rewind AI’s DAU/MAU is 63%, much higher than the standard benchmark of 10%-20%.

• Rewind AI netted 1,000 introductory offers from investors and 170 actual offers, resulting in its Series A at a $350 million valuation.

• The company went from 0 to $727K in ARR in 2023.

• In 2022, Cresta’s net revenue retention was 210% and increased its revenue 3x from the previous year.

• Cresta customers see an average increase of 15% in customer satisfaction rating, reduced ramp time by 3x, and agents save 3-5 hrs weekly on repetitive tasks.

• Cresta’s technology processes 100 million conversations per year.

• Entos claims Orbnet, its AI-drive drug development process, can create a thousand-fold acceleration in molecular properties prediction with 100x less training data required.

• As of May 2023, Entos is working on the company’s first clinical candidate, ENT-H1.

• As of May 2023, Entos has four indications in its pipeline: Effector protein; Non-kinase target; Challenging kinase selectivity profile; HER2, including oncogenic mutations.

• Glean saves its average customers 2-3 hours per week.

• As of May 2022, Glean had 70 customers, including Confluent, Grammarly, Contino, Cro Metrics, Gainsight, Super, Upside, and Wealthsimple.

• Glean connects with 100+ applications, including Gmail, Figma, Jira, Google Drive, Microsoft Teams, Okta, GitHub, Confluence, Salesforce, and Slack.

• Graphcore serves customers across Finance, Biotech, Scientific Research, Consumer Internet, Universities, and Telecom. Graphcore customers include Stanford Medicine, Citadel, Carmot Capital, University of Oxford, Imperial College London, Pacific Northwest National Labratory, and Simula Research Labratory.

• In 2021, Graphcore’s revenue was 4.5 million euros.

• Robust Intelligence customers include data science teams at PayPal, Expedia, Deloitte, Equinix, the US Department of Defense, Bosch, PWC, Rakuten, and Compass.

• Robust Intelligence reported a 30% increase in customer’s data science teams' productivity through automated testing and monitoring of ML models, a 100% increase in models deployed in production yearly, an 80% decrease in the mean time to resolve production machine learning issues, and a 3x reduction in cost and time for model compliance verification.

• From July 2021-July 2022, Tecton reported a 5x increase in top-line revenue and a nearly 3x increase in annual recurring revenue in the past year.

• Tecton customers include Cash App, Atlassian, Hellofresh, tide, Varo, Convoy, Samba TV, Depop, Roblox, Progressive, Shutterstock, Plaid, FanDuel, Riot Games.

• Tavus customers include Verkada, Pathrise, Genesys, Allurion, Snappr, SafeGraph, Yat, and TriNetX.

• Tavus claims its product is helping some customers see a 10x increase in engagement, a 5x increase in click-through rates, and an 8x increase in conversions.

• As of April 2023, Harvey has 15,000 law firms on its waitlist.

• In March 2023, Harvey announced a partnership with PwC.

• EvolutionIQ customers include Sun Life, Reliance Matrix, Principal Financial, FullscopeRMS, Sedgwick.

• From 2020-2023, recurring revenue tripled each year.

• As of May 2023, Spring Discovery has three products: Anvil, Immune Compass, and MegaMap.

• Spring Discovery customers include scientists from UCSF, the Bill & Melinda Gates Foundation, Broad Institute, Assay.Works, and Gilead Sciences.

• As of May 2023, Aisera claims its product saves companies 90% on cost, has a 75% auto-resolution rate, and 85% improvement in CSAT & ESAT.

• As of August 2022, Aisera has 75 million users across companies like Zoom, Carta, Chegg, Snowflake, Quizlet, Grant Thorton, Dave, and Autodesk.

• As of August 2022, Aisera has grown 300% YoY.

• As of April 2019, Labelbox has ~50 customers.

• Labelbox customers include NASA Jet Propulsion Laboratory, Genentech, Burberry, Ancestry, Walmart, Nayya, Procter & Gamble, and Criteo.

• Between November 2017 and May 2019, Health IQ has grown from $7 billion in coverage to $21 billion in coverage, savings for clients has grown from 4% to 41%, and clients save on average $4,289 with rate savings and $6,279 from underwriting savings over a 30-year policy.

• As of May 2023, Health IQ searches from 3,000+ plans to find the right one for customers.

• As of May 2023, RebelMouse has 120 million+ users, 550 million+ page views, 17+ minutes per user, and 6+ average pages per user.

• Mem tracks users contributing five million+ mems and 12,000+ dimensions.

• Descript customers include thousands of podcasts like NPR Planet Money, NPR How I Built This, Conan O’Brien Needs A Friend, Work Life Adam Grant, Sway by The New York Times, and organizations like Shopify, MasterClass, Stanford University, Hubspot, Headspace, and iHeartMedia.

• As of June 2023, Character AI has rated 4.8/5 stars from 34,100+ reviews on the Apple App Store and 4.6/5 stars from 116,000+ reviews on the Google Play Store.

• In May 2023, Character AI reported 1.7 million installs in the first week on the market.

• Character AI was downloaded 700,000+ times in the first 48 hours of release on the Google Play Store.

• In May 2023, Anthropic announced a partnership with Zoom to build customer-facing AI products.

• In May 2023, Anthropic expanded Claude’s, its AI assistant, context window from 9K to 100K tokens to analyze ~75,000 words.

• In April 2023, Anthropic’s partnership with Scale AI gave them distribution to all of Scale AI’s customers.

• Arena counts Anheuser-Busch InBev and other Fortune 500 customers across e-commerce, automotive, manufacturing, and financial services.

• As of August 2022, Arena’s software makes millions of decisions for its customers across digital and physical channels.

• As of July 2023, Perplexity AI has rated 4.9/5 stars from 2,000 reviews on the Apple App Store and 4.5/5 stars from 674 reviews on the Google Play Store.

• As of July 2023, Perplexity AI has been downloaded 100,000+ times on the Google Play Store.

• As of July 2023, Perplexity AI has 31,670 members in their Discord community.

• As of April 2023, Perplexity AI has 100,000+ signed-in users.

• In February 2023, Perplexity AI reported 10 million monthly visitors and 2 million unique visitors for the month totals.

• As of July 2023, Inflection AI has rated 4.6/5 stars from 514 reviews on the Apple App Store.

• As of June 2023, Inflection AI has access to 22,000 Nvidia H100 GPUs, which cost $40,000 apiece.

• As of March 2023, o9 Solutions has $200 million in subscription revenue.

• In Q1 2023, o9 Solutions reported 51% YoY in ARR growth.

• o9 Solutions include AB InBev, Google, Caterpillar, The Estée Lauder Companies, New Balance, Sony, and Nestle.

• As of July 2023, Pecan AI makes 30 million predictions and has customers in 12 countries.

• Pecan AI customers include Johnson & Johnson, SciPlay, Kenvue, CAA Club Group, Armor VPN, Coinmama, Pixio, and Hydrant.

• In the first half of 2022, Pecan AI reported 150% growth in ARR and 121% growth in customer count.

• Pecan AI reported a 3x increase in ARR over the previous year in 2021 and 2020.

• Between March 2021 and April 2022, Noogata reported 400% in ARR growth.

• Noogata customers include Colgate, Frito-Lay, Pepsi, mDesign, and Focus.

• As of June 2023, Runway reported millions of individual users on the platform and enterprise customers like Google, Microsoft, New Balance, CBS, the New York Yankees, and Vox.

• As of June 2023, Runway’s mobile app has rated 3.8/5 stars from 116 reviews on the Apple App Store.

• In June 2023, Oracle announced the development of a new cloud service with Cohere.

• As of July 2023, Midjourney has 16.6 million members in their Discord community.

• As of July 2023, Humane is still in stealth mode and has a waitlist for their AI pin, a way to take AI with you everywhere.

• As of July 2023, Typeface reported strong customer interest from Fortune 500 companies across several industries and has a waitlist open.

• As of July 2023, Synthesia has 50,000+ customers, including Accenture, PwC, Xerox, Reuters, Network Rail, Persado, and Johnson & Johnson.

• As of July 2023, Synthesia has 140 diverse AI avatars and is available in 120 languages.

• As of June 2023, Synthesia has a 456% YoY user growth rate, and 15 million videos have been generated on the platform.