Artificial intelligence has become one of the key technologies reshaping the way we search for information, work with automating repetitive tasks, study with AI-powered tutors, and more.
AI remains one of the dominant themes of venture capital investing and millions of users engage regularly with a growing number of AI apps.
Here’s a curated list of 18 growing AI startups to look out for in 2024.
Let’s dive right in!
1. VEED
Website: https://www.veed.io/
Year founded: 2018
HQ: London, United Kingdom
Users: 10 million
Funding: $35 million
Description: VEED offers an AI-powered video editing platform. The company’s video editor offers users a variety of tools, including background removal, automatic subtitles, AI avatars, and more.
According to the startup, VEED generates more than $35 million in annual recurring revenue and serves 10 million users.
2. Fliki
Website: https://fliki.ai/
Year founded: 2021
HQ: Dover, Delaware
Users: 6 million
Funding: No data available
Description: Fliki is an AI text-to-video platform that generates video content at scale from text scripts or idea prompts in minutes. The startup specializes in social media videos suitable for various platforms, including Instagram Reels and TikTok.
3. PhotoRoom
Website: https://www.photoroom.com/
Year founded: 2019
HQ: Paris, France
Users: Not publicly disclosed
Funding: $64 million
Description: PhotoRoom is an AI-powered photo editor designed for online sellers. The company’s editor offers a number of features, including background removal, retouche, and shadows. The software supports batch edits, enabling users to edit multiple images at once. According to the startup, Photoroom has achieved over 150 million downloads.
4. Codeium
Website: https://codeium.com/
Released: 2021
HQ: Mountain View, California
Users: 700 thousand users
Funding: $243 million
Description: Codeium offers “ChatGPT for developers”, an AI tool that provides developers with autocomplete code suggestions, and answers code-related questions via chat functionality. AI startup Codeium reached a $1.25 billion valuation after securing $150 million in Series C funding in August 2024.
5. Suno
Website: https://suno.com/
Year founded: 2022
HQ: Cambridge, Massachusetts
Users: 12 million
Funding: $125 million
Description: Suno works as an AI music generator where users can generate songs of up to 4 minutes based on a text prompt. Generated songs can be purely instrumental or with vocals depending on the user preference.
6. Anthropic
Website: https://www.anthropic.com/
Year founded: 2021
HQ: San Francisco, California
Users: Not publicly disclosed
Funding: $7.6 billion
Description: Anthropic, is the company behind Claude (a popular AI chatbot). Widely considered a top ChatGPT rival, it offers similar functionality and can be used as a work assistant for a variety of use cases from answering questions, and explaining concepts to generating text and code.
7. Gamma
Website: https://gamma.app/
Year founded: 2020
HQ: San Francisco, California
Users: 25 million
Funding: $20 million
Description: Gamma is an AI-powered presentation maker. Users can create customizable slide decks from scratch using a short text prompt or restyle existing content using their own documents, or presentations. According to the startup, 60 million presentations have been generated using the Gamma platform to date.
8. Fathom
Website: https://fathom.video/
Year founded: 2020
HQ: San Francisco, California
Users: Not publicly disclosed
Funding: Undisclosed
Description: Fathom is a developer of an AI-powered messing assistant that automatically transcribes, and summarizes calls. It currently works with Zoom, Microsoft Teams, and Google Meet.
9. Vidnoz
Website: https://www.vidnoz.com/
Year founded: 2016
HQ: Los Angeles, California
Users: Not publicly disclosed
Funding: Undisclosed
Description: Vidnoz functions as an AI-powered video creation tool that allows users to generate videos with minimal effort. The company’s software includes a number of features, including AI avatars, a wide variety of video templates, and AI voices.
10. Udio
Website: https://www.udio.com/
Year founded: 2023
HQ: New York, New York
Users: Not publicly disclosed
Funding: $10 million
Description: Suno functions as an AI-powered music creation platform where users can generate entire tracks from text prompts specifying genres, and topics. According to the startup, it takes less than 40 seconds of processing time to generate an entire track.
11. Perplexity
Website: https://www.perplexity.ai/
Year founded: 2022
HQ: San Francisco, California
Users: 15 million
Funding: $165 million
Description: Perplexity is an AI-powered search engine designed to find and summarize up-to-date content. According to the startup, Perplexity processed more than 500 million search queries in 2023 alone.
12. Ideogram
Website: https://ideogram.ai/
Year founded: 2022
HQ: Toronto, Canada
Users: Not publicly disclosed
Funding: $96.5 million
Description: Ideogram offers an AI image generator. Users can generate realistic images, posters, and logos in a variety of styles from a text prompt. In 2023, over 1 billion images were generated on the platform.
13. Harvey
Website: https://www.harvey.ai/
Year founded: 2022
HQ: San Francisco, California
Users: Not publicly disclosed
Funding: $206 million
Description: Harvey is a legal tech startup that offers an AI-powered assistant to legal professionals. The company’s software helps with common tasks from legal research to document drafting.
14. Liner
Website: https://getliner.com/
Year founded: 2012
HQ: Seoul, South Korea
Users: 10 million
Funding: $9 million
Description: Liner offers an AI-powered search engine designed for students and researchers. The search service provides answers using credible sources and can be set to include only answers from academic papers.
15. Otter.ai
Website: https://otter.ai/
Year founded: 2016
HQ: Mountain View, California
Users: 14 million
Funding: $70 million
Description: Otter.ai is an AI-powered transcription service. The company’s flagship product (AI meeting assistant) generates meeting notes and makes summaries with action times automatically. On top of transcription, users can get answers from meetings using an AI chat product.
16. Glean
Website: https://www.glean.com/
Year founded: 2020
HQ: New York, New York
Users: Not publicly disclosed
Funding: $560 million
Description: Glean offers an AI-powered enterprise search software that aims to boost workplace efficiency. The company’s platform lets users search for information, generate content, automate workflows, and build no-code, low-code AI apps. Glean achieved a $4.6 billion valuation following Series E funding.
17. Supermaven
Website: https://supermaven.com/
Year founded: 2024
HQ: San Francisco, California
Users: 40 thousand
Funding: $12 million
Description: Supermaven is a developer of an AI code completion tool. Currently compatible with VS Code, JetBrains IDEs, Neovim, the AI coding assistant is currently used by over 40,000 developers.
18. Leonardo.Ai
Website: http://www.leonardo.ai/
Year founded: 2022
HQ: Sydney, Australia
Users: Not publicly disclosed
Funding: Acquired by Canva
Description: Leonardo.Ai is a generative AI art platform that lets users easily create and edit hyper-realistic artworks. According to the company, millions of users generated over 700 million images on the platform.
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