10 Growing AI startups to watch in 2024



The Inspiring Journey

The emergence of AI or artificial intelligence has been a much-talked topic in recent times. AI is a revolution itself, and it has made substantial technical advancements in different industrial sectors. Top industries and business houses have implemented artificial intelligence (AI) for better growth and expansion of businesses. Today, many of the fastest growing AI startups are going to have a significant impact on the world economy in 2024. 


The UK-based company Robin AI is a leading name among the start-ups. The company aims to make contracts simple and hassle-free. The company also have a branch in New York City. This famous artificial intelligence company started its operation in 2019. Richard Robinson, the former lawyer at Clifford Chance, is the CEO and founder of Robin AI.

Concentric AI

Concentric AI was established in 2018 with an aim to provide support in Data security Posture Management. Karthik Krishnan is the CEO of this USA based company. Concentric AI has emerged as one of the leading AI startups that offers advanced network securities. 

Inflection AI

Another reliable tech start up which started its operation in 2022 is Inflection AI. The head office of the company is in California, USA. The founders of the company are Reid Hoffman, Mustafa Suleyman and Karén Simonyan. The company experts have launched hardware and AI apps based on Generative AI. 


DeepL Translator provides advanced services in neural machine translation. The company was established in 2017, and its head office is in Germany. The translation service of DeepL supports almost 30 languages. In 2022, DeepL launched an advanced translating tool, DeepL Write. This artificial intelligence tools offers excellent translation services in English and German language. 


Moveworks was founded nearly 8 years ago, in 2016. The preferred areas of the start-up are AI, Enterprise Software, Natural Language Understanding, etc. Bhavin Shah is the CEO of the company. At present nearly 500+ employees are working with this organisation. The experts mainly develop AI models or platforms for large industries. 


The USA-based company Perplexity.ai started its journey in 2022. Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind Srinivas are the founders of the start-up. The experts of Perplexity AI have developed a search engine powered by Chatbot, which is advanced AI technology. This search engine uses natural language predictive text to answer all the queries. 


Tome was founded in 2020, and its head office is in California, USA. Tome has become one of the leading cloud-based artificial intelligence tools. This platform helps users generate and share ebooks, reports, and presentations. Users can also get lots of facilities here, like designing templates, customization, etc.


If you are looking for leading AI startup companies, Jasper is definitely a famous name. The company started its journey in 2021, and it has become extremely popular among the blog and content creators. Jasper has launched content creation tools suitable for drafting top-notch blogs. The head office of this company is in Texas, USA.


Diaa EI All, the founder and CEO of Soundful, launched the company in 2019. The head office of the company is in California, USA. The experts of the company have developed advanced tools using AI tech, to generate top-notch customized soundtracks. Users can also adjust the tempo and mood of the soundtrack.


Writesonic has emerged as another popular start-up in 2024, and it has developed advanced tools to generate blogs, product descriptions, etc, without taking much time. The company was launched in 2021 and the head office of the company is in California, USA. 


Summary of fastest growing AI startups 

Name of Start up Year of EstablishmentCEO / FounderPrime Focus
RobinAI2019 Richard Robinson,Uses gen AI, that helps mechanize legal proceedure
Concentric AI2018Karthik KrishnanPrevention of Data loss using AI and deep learning.
Inflection AI2022Reid Hoffman, Mustafa SuleymanDevelops Generative AI hardware and apps. 
DeepL2017Jaroslaw KutylowskiAI based translation service
Moveworks2016Bhavin ShahDevelops AI platforms of big industries. 
Perplexity.ai2022Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind SrinivasSearch engine powered with Chatbot. 
Tome2020Henri Liriani and Keith PeirisDrafting and sharing of Ebooks , presentation. 
Jasper 2021Dave Rogenmoser, Chris Hull, and John Phillip MorganDevelops AI Tools for content creation
Soundful2019Diaa El AllDevelops tools for creating customized soundtracks
WriteSonic2021Samanyou GargDevelops AI Tools for content creation
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