The development of Artificial Intelligence and its uses has literally exploded in the past few years.
There are now innumerable companies that are either utilising some form of A.I. or developing it – and we are still only scratching the surface of its potential.
This is a worldwide phenomenon, but for today, we are looking at some of the best companies in the A.I. business from around Europe.
Ada Health is a digital health company founded by doctors, scientists and industry pioneers to help improve clients’ personal health. Ada uses an AI platform to diagnose symptoms and offer treatment advice to users. Their core system integrates medical knowledge and artificial intelligence to empower people to actively manage their health and medical professionals to deliver effective care.
2011 – Berlin, Berlin, Germany
Claire Novorol, Daniel Nathrath, Martin Hirsch
Total funding: $159.5m
Aidence is a Dutch startup that is improving healthcare using Computer-Aided Diagnostics. Aidence develops AI-based clinical applications for the oncology pathway. Their first solution is Veye Lung Nodules, an AI-based solution for pulmonary nodule management on chest CTs. Aidence’s software is built on Deep Learning, a cutting edge form of AI to train computers to read medical images and automatically provide structured reports.
2015 – Amsterdam, Noord-Holland, The Netherlands
Jeroen van Duffelen, Jeroen Van Duffelen, Mark-Jan Harte
Total funding: $14m
AImotive is an independent company based in Hungary that is developing automated self-driving software. AImotive is using its expertise in AI, sensorfusion, 3D graphics and real-world automated driving workloads to develop its proprietary simulation tools and neural network acceleration hardware IP, to advance automated driving technology. AImotive has products which are scalable, modular and hardware agnostic; and suited to all forms of industry collaboration.
2015 – Budapest, Hungary
Total funding: $67.7m
Another Brain is a French AI startup that develops artificial intelligence ‘in a way far beyond deep learning.’ Their technology is inspired by the human brain and is designed to be longer-lasting, more energy-efficient, data-efficient, and secure than preceding technologies. Another Brain has developed and invented a chip that helps manufacturers to automate their product line and that has the ability to program smart sensor applications with automatic and embedded pattern recognition. Another Brain’s developments can benefit many industries including automotive, industrial automation and healthcare.
2017 – Paris, Ile-de-France, France
Total funding: €32.5m
Attention Insight is a Lithuanian startup that is improving advertising campaign results and design performance using pre-launch analytics. Attention Insight’s revolutionary visual attention prediction algorithm is based on deep learning. The AI-powered algorithm can accurately predict where people will look while engaging in content, in a matter of minutes.
2019 – Vilnius, Vilniaus Apskritis, Lithuania
Total funding: $1.1m
The Lithuanian startup Biomatter Designs is pioneering the technologies for generative protein design at the intersection of synthetic biology and artificial intelligence. Biomatter Designs develops experimental tools to efficiently collect biological data, while their AI generative platform converts this data into knowledge. The startup is enthusiastic about shifting the paradigm in protein engineering towards using AI for generative protein design, to form solutions for the healthcare and environmental sectors.
2018 – Vilnius, Vilniaus Apskritis, Lithuania
Total funding: €500k
EdgeTier is a Dublin-based company pioneering human-centric artificial intelligence to deliver high-quality analytics to our consumer-based clients. EdgeTier integrates domain knowledge and specialist technical skills to deliver statistical insights and predictive models to provide better customer service. EdgeTier has also used AI to create an automated agent assistant caller Arthur, which works with customer service agents to answer customer queries with efficient, accurate, and personal answers, which benefits the client by reducing handling times.
2015 – Dublin, Ireland
Bart Lehane, Ciaran Tobin, Shane Lynn
Total funding: n/k
Heuritech is a French fashion technology company that provides brands with AI-driven predictive analytics on trends and products. Heuritech processes social media data using AI to then provide meaningful insights into fashion trends. With these AI-driven analytics, Heuritech empowers fashion brands to forecast trends to produce products sustainably and gain a competitive advantage.
2013 – Paris, Ile-de-France, France
Charles Ollion, Tony Pinville
Total funding: $5.7m
Hypatos is a process automation startup that was founded in 2018 in Berlin, with the aim of using AI to empower businesses to process their financial documentation at a faster rate. Hypatos applies language processing AI and computer vision technologies for a more rapid approach towards financial document processing, in such use cases as invoices, travel and expense management, loan application validation, and insurance claims.
2018 – Berlin, Berlin, Germany
Janosch Novak, Uli Erxleben
Total funding: €10m
Inkitt is a German AI-driven publishing platform. Inkitt’s vision is to give every author a fair chance to succeed. To achieve its vision, Inkitt develops and employs a computer algorithm that predicts book success based on reader behaviour data analysis.
2014 – Berlin, Berlin, Germany
Total funding: $21m
Kayrros is an advanced data analytics company with the goal of helping global energy market participants to make better investment decisions with its real-time, scalable solutions. The experts at Kayrros extract value from the integration of alternative and market data into unique product offerings across the energy chain. Kayrros is headquartered in Paris and also has offices in Houston, London, New York, and Singapore.
2016 – Paris, Ile-de-France, France
Alexandre d’Aspremont, Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Laurent El Ghaoui
Total funding: $34.5m
KONUX is a German AI scale-up that uses smart sensors and machine learning to transform railway operations for a sustainable future. The software platform combines Machine Learning and IoT to improve rail travel by increasing capacity, reliability, and cost-efficiency. KONUX was deemed to be one of the world’s 30 most innovative start-ups and scale-ups worldwide by the World Economic Forum.
2014 – Munich, Bayern, Germany
Andreas Kunze, Dennis Humhal, Maximilian Hasler, Michael Wax, Vlad Lata
Total funding: $130.6m
Mapillary is a Swedish company that has created a street-level imagery platform that uses user-contributed photos to enable everyone to collect, share, and use street-level imagery. The public contributes their photos and Mapillary amalgamates these images to visually recreate the world. This simulation of the world made from photo contributions produces map data for improving maps, developing cities, and progressing the automotive industry. So far, more than 500 million images have been contributed to Mapillary by people across the globe.
2013 – Malmö, Skane Lan, Sweden
Jan Erik Solem, Johan Gyllenspetz, Peter Neubauer, Yubin Kuang
Total funding: $24.6m
Mostly AI is an Austrian startup that is working to enable privacy-preserving big data applications in the digital age. Mostly AI leverages cutting-edge generative deep neural networks with an in-built privacy mechanism to retain valuable information while rendering the re-identification of any individual impossible. Mostly AI’s GPU-powered technology allows organisations to simulate highly realistic and anonymous synthetic customer data at scale.
2017 – Vienna, Wien, Austria
Klaudius Kalcher, Michael Platzer, Roland Boubela
Total funding: $6.1m
NavVis is a German company that offers indoor spatial intelligence solutions for enterprises. NavVis has developed a digital twin platform that enables accurate mapping at record speed and scale and an immersive 3D visualisation. With these technologies, NavVis not only pioneers location-based apps but empowers enterprises to improve their business performance and efficiency. In only eight years, NavVis has become a leading global provider of indoor special intelligence systems.
2013 – Munich, Bayern, Germany
Felix Reinshagen, Georg Schroth, Robert Huitl, Sebastian Hilsenbeck
Total funding: $68.2m
Owlin is a news and text- analytics company, which helps finance professionals by monitoring large portfolios to detect early warning signals of potential risk, and also by creating opportunities to nurture current investments. Owlin taps into more than three million global internet sources across 12 languages to provide clients with actionable insights in near real-time.
2012 – Amsterdam, Noord-Holland, The Netherlands
Bas van Ooyen, Richard Kraaijenhagen, Sjoerd Leemhuis
Total funding: $3.8m
Photoneo is a Slovakian company that provides robotic vision and intelligence, based on its patented 3D technology. Photoneo has developed an exceptionally accurate and high-resolution 3D camera, to drive powerful, reliable, and fast machine learning. Photoneo’s technology also reduces the training and deployment time. Companies in the automotive, logistics, e-commerce, food, and medical sectors can enhance their performance and efficiency by utilising Photoneo’s intelligent robots.
2013 – Bratislava, Bratislava, Slovakia
Jan Zizka, Michal Maly, Tomas Kovacovsky
Total funding: €11.1m
Prophesee is a French company that is pioneering bio-inspired computer vision solutions for the automotive and connected objects industries. Prophesee’s machine vision sensors and systems are inspired by biological eyes and are replicate the way eyes acquire and process visual information. The AI-driven sensors and cameras are designed for applications in all fields of machine vision such as autonomous vehicles, industrial automation, and surveillance.
2014 – Paris, Ile-de-France, France
Bernard Gilly, Christoph Posch, Luca Verre, Ryad Benosman
Total funding: $65.3m
Shift Technology is a French company that provides AI-driven decision automation and optimisation technology. Shift Technology’s AI-driven automation and optimisation is tailored to the global insurance industry by addressing crucial processes across the insurance policy lifecycle. The company’s AI-powered technology aids its clients in achieving accurate claims and policy resolutions at a faster rate.
2013 – Paris, Ile-de-France, France
David Durrleman, Eric Sibony, Jeremy Jawish
Total funding: $320m
SignAll is a groundbreaking company developing the first automatic sign language translation solution to improve the quality of life for deaf people and break down barriers to communication. SignAll’s real-time sign-language translator uses four different cameras to capture body movement, hand shapes, and facial expressions, which are then translated into a chat dialogue. This solution benefits both the deaf person and the hearing person, as it picks up the hearing person’s speech by voice recognition. There is a screen that displays the whole chat.
2016 – Budapest, Budapest, Hungary
János Rovnyai, Zsolt Robotka
Total funding: €3m
Tinyclues helps brands to scale their customer marketing with their AI solution that predicts unexpressed customer demand. Tinyclues helps consumer-focused brands to predict their optimal channels for customer marketing, to increase the efficiency of their marketing efforts. Tinyclues also helps them to make the right decisions on CRM planning, tactical campaigns, and omnichannel customer activation.
2010 – Paris, Ile-de-France, France
Ardavan Beigui, David Bessis, Jakob Haesler
Total funding: $25.4m
Trivi is a Prague-based AI company offering financial services for small and medium businesses. Trivi aims to automate, simplify and improve all accounting and tax processes using artificial intelligence. The AI-driven financial services are centred on the provision of real-time, accurate data so that companies are empowered to make the right decisions, and take an efficient approach towards managing their business.
2015 – Praha, Hlavni mesto Praha, Czech Republic
Total funding: $3.2m
TypingDNA is a Romanian startup that provides typing biometrics authentication as a service. Typing DNA’s AI records how people type, and compares it against previous recordings to configure typing biometrics which then enables companies to recognise people by how they type on keyboards. TypingDNA is designed for both PC and mobile.
2016 – Bucharest, Romania
Adrian Gheara, Cristian Tamas, Raul Popa
Total funding: $8.9m
Veriff is an Estonian startup using AI-powered Identity Verification Software to protect businesses and their customers against online identity fraud. Veriff develops a highly automated identity verification platform that combines machine learning and specialist knowledge to connect companies with honest customers. The AI provides immediate feedback, which is backed up by human verification to fraud-proof businesses.
2015 – Tallinn, Harjumaa, Estonia
Janer Gorohhov, Kaarel Kotkas
Total funding: $92.3m
Yanu is an Estonian startup that develops the fully autonomous A.I. and robot empowered bartending unit. The startup has noticed the increasing market share of the service industry and has used automation to engineer a solution to help clients improve business with their service robot: Yanu.
Yanu can serve drinks, handle payments, and identify and communicate with clients, resulting in a faster rate of service and the eradication of human error.
2016 – Tallinn, Harjumaa, Estonia
Total funding: €1.9m
The list above includes startups that are taking A.I to new levels across Europe.
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Data source: crunchbase.com