10 Innovative AI Startups in NYC Revolutionizing Business Solutions
Discover the top ai startups in NYC driving innovation and delivering cutting-edge solutions for businesses of all sizes.
Written by RamotionFeb 22, 202311 min read
Last updated: Aug 22, 2023
With its vibrant tech and business atmosphere, New York City acts as a breeding ground for ai companies that offer a wide range of solutions to organizations and their clients. By capitalizing on the immense potential of artificial intelligence and machine learning, these enterprises facilitate data-driven decisions that reduce expenses and refine the user experience across a wide variety of fields.
From operations management and payments solutions to marketing and customer-centric mobile apps, these top artificial intelligence companies offer comprehensive solutions for businesses and their customers.
What sets these AI companies apart is their ability to integrate human intelligence with advanced technologies to deliver valuable insights and innovative solutions to existing problems. Each product and service is created with specific use cases in mind, enabling businesses to see firsthand how AI can improve their operations and drive growth.
Whether you're a small business owner or part of a large corporation, the benefits of working with an AI startup in NYC can help you stay on top of today's competitive market.
Our NYC product design agency has made the list of 10 innovative AI startups and companies in New York City that you need to know about:
Dataminr is one of the top artificial intelligence companies in New York City. By employing machine learning and natural language processing techniques, the company is able to swiftly assess public data sources such as news outlets, social media, and other publicly accessible platforms to extract instantaneous insights and notifications about critical events and emerging trends as they unfold.
Dataminr's clients include governments, news media organizations, financial institutions, and corporate security teams that want to stay up-to-date with global trends.
By deploying proprietary algorithms, Dataminr has built an insights platform that can detect hints of significant events, imminent crises, and other significant occurrences and furnish appropriate data to customers.
Besides their fundamental product, Dataminr offers other applications, for instance, Dataminr Pulse, which provides perpetual situational awareness to corporate security divisions, and Dataminr for News, which furnishes journalists and newsrooms with immediate breaking news alerts. Furthermore, the business has widened its offerings to incorporate risk and crisis management services, providing its clients with a comprehensive collection of instruments for urgent response and business continuity.
Dataminr has received an extensive financial investment of a total of $1.1 billion by 2021. Fidelity Investments, Venrock, Institutional Venture Partners, and notable individuals like Jeff Bezos, Amazon's founder, are among their investors.
Dataiku is one of the world's premier artificial intelligence companies that empowers organizations to achieve incredible business results across an extensive selection of industries, including healthcare, banking, telecommunications, insurance, retail, and manufacturing. This AI and machine learning platform enables users to amass insights from their data, irrespective of size or complexity and equips them with an array of features and tools for data science, big data analytics, data collection, and deep learning. With the use of a data inbox, customers can compile and refine their data from any source, including both structured and unstructured data. They can then apply machine learning models to gain actionable insights from their data, allowing them to make informed decisions and take meaningful actions based on the analysis.
From the simple yet comprehensive tools for data collection, purification, and preparation to ML algorithms that provide effective business-centric insights, Dataiku's platform has it all.
The platform also provides tools for data governance, collaboration, and visualization which assists teams to coordinate and manage their data science projects more effectively. With Dataiku's advanced deep learning technology, businesses can create and train neural networks to solve complex problems, such as financial forecasting, customer data segmentation, and market analysis.
Dataiku is accessible to everyone, regardless of technical expertise, with no-code options available. This means that both seasoned data scientists and business users can utilize the platform to make data-driven decisions.
Fractal Analytics is a global provider of AI-powered analytics and decision science solutions, utilizing machine learning models and next-generation applications to help businesses reshape their operations. Their mission is to help companies reshape their business through science and advanced data tools, by bringing analytics and AI to the decision-making process.
Fractal Analytics is a strategic analytics partner to the world's most recognized Fortune 500 companies, helping to fuel every human decision with data-driven insights.The company's next-generation applications and AI-powered analytics enable businesses to quickly identify hidden patterns in their data to identify trends, make predictions, and create new opportunities.
Overall, Fractal Analytics provides a comprehensive suite of AI-powered analytics and decision science solutions, helping businesses to unleash the full potential of their data. With a focus on data science, machine learning, and next-generation applications, Fractal Analytics is a valuable partner for businesses looking to drive innovation and make better, data-driven decisions.
Kasisto is a conversational AI platform that leverages artificial intelligence and smart AI technology to enable businesses to create virtual assistants that can understand and respond to natural language.
Using advanced natural language processing and machine learning algorithms, the platform provides a range of tools and features that allow businesses to quickly build, train, and deploy custom chatbots and virtual assistants for various use cases, such as customer service, sales, and support.
The platform offers a range of pre-built templates and integrations that make it easy for businesses to get started with creating and deploying virtual assistants. Plus, Kasisto is designed to learn and improve over time, adapting to changing customer needs and preferences.
One of the key benefits of using Kasisto's platform is its ability to streamline and automate customer interactions, allowing businesses to handle a large volume of customer inquiries and support requests efficiently. By using Kasisto's AI platform, businesses can improve their customer satisfaction levels, reduce response times, and increase overall efficiency.
Verbit is an AI-powered transcription and captioning platform for video and audio content that uses a combination of artificial intelligence and human intelligence to deliver high-quality, accurate transcriptions and captions. The platform uses advanced speech recognition and natural language processing algorithms to automatically transcribe audio and video files and then employs a network of professional human transcribers to verify and edit the text for accuracy.
Verbit's platform is used by a range of clients, including media companies, educational institutions, and businesses, to create accessible content for the hearing impaired, improve SEO and engagement rates for online videos, and streamline workflows for content creation. The company's AI technology allows it to transcribe the content in multiple languages and dialects, and the platform is designed to handle a large volume of content quickly and efficiently.
In addition to transcription and captioning, Verbit offers a range of other services, such as translation, caption placement, and audio description, to help clients create more accessible and engaging content. The company's technology has been recognized for its accuracy and speed, and it has received several awards for its innovative approach to transcription and captioning.
Verbit's recent funding of $569 million will be used to accelerate the company's further growth, with a focus on developing new AI-powered technologies and expanding its global reach.
Ocrolus is revolutionizing the financial industry by providing the leading platform for document automation in the financial industry, powering the digital lending ecosystem with its trusted data.
Over the past 8 years, Ocrolus has made significant strides in transforming the lending landscape. Its advanced machine learning models and document analysis infrastructure have helped to increase efficiency and reduce costs for lenders while providing valuable insights for better decision-making.
In addition to document analysis, Ocrolus provides cash flow analysis software that enables lenders to gain valuable insights into the seasonality of cash flow, evaluate non-traditional income sources, determine debt capacity, and identify recurring transactions. The insights gained from cash flow analysis can assist lenders in effectively managing risk and making informed decisions about providing loans to their customers.
With over $100 million in funding from top fintech investors, Ocrolus is at the forefront of innovation in the digital lending ecosystem.
K Health is an AI-driven healthcare company that has been making significant strides in leveraging data science and machine learning algorithms to revolutionize primary care.
With over $200 million in total funding, K Health has built an insights platform that is based on a massive dataset of over two decades' worth of anonymized health events. This vast database has been used to create a predictive model that enables patients to learn more about their health by comparing themselves to others with similar characteristics such as gender, age, symptoms, and medical history.
By offering a chat-based consultation service, K Health reduces barriers to quality primary care, making healthcare more accessible and affordable for everyone. Patients can chat with a licensed doctor and receive a diagnosis and prescription for just $14 for a consultation or $39 for an annual subscription.
K Health's use of technology and machine learning algorithms has enabled it to provide instant answers about symptoms and facilitate doctor-patient communication within minutes, all while reducing the cost of traditional primary care practices by up to 90%.
With its innovative use of AI in healthcare, K Health is leading the way for other healthcare companies in the field of data science and machine learning.
Particle is a global IoT software provider that offers a Fully Integrated Platform-as-a-Service (PaaS) to make building digital products easier than ever.
With over 200,000 developers around the world, Particle provides APIs, SDKs, and documentation that seamlessly integrate IoT software, connectivity, and hardware to optimize operations and accelerate growth.
Particle's PaaS offers endless possibilities for customization, making it easy to develop custom applications for specific use cases. For instance, Particle's smart energy solutions can combat energy theft and inaccurate billing by monitoring energy availability and consumption in real time all the way through the meter.
Additionally, the Particle's emissions monitoring tools enable easy compliance with changing regulations, while its leak detection capabilities accurately and efficiently identify sources of leaks and immediately alert operators of any anomalies.
By combining energy monitoring, emissions compliance, and HVAC optimization capabilities, Particle's PaaS offers a comprehensive solution for businesses looking to improve the performance and efficiency of their energy assets.
The company has raised a total of over $100 million in funding, with its latest funding round closing in December 2022. This significant investment highlights the company's continued growth and success in the IoT market, as well as the confidence investors have in its potential for expansion.
Bowery Valuation is a commercial real estate appraisal platform that leverages big data, advanced technology, and extensive expertise to provide innovative solutions to the appraisal industry. Since its establishment in 2015, Bowery has been redefining the commercial appraisal space through its cutting-edge software that empowers appraisers to deliver higher quality reports with faster turn-times than anyone in the industry, and focus on thoughtful valuation and exceptional client service.
Among Bowery’s clients are not only private lenders, but also Fortune 500 companies such as Capital One, New York Community Bank, and Greystone. Bowery's appraisers work closely with their multi-talented product and tech team to continuously add new features and functionality to the platform.
Their solution includes a robust and accurate comparables database, instantly accessible to appraisers whenever they need a data point, saving them time and improving accuracy through smart AI technology and machine learning algorithms.
Bowery's smart AI technology and machine learning algorithms make it possible to automate the valuation process, providing faster and more accurate appraisals.
Riskified is an NYC-based technology company that has evolved into a renowned AI fraud management platform, driving the digital commerce revolution.
Its advanced decision-making engine leverages a proprietary blend of machine learning algorithms and the knowledge gained from analyzing its merchants' product data across the globe. This platform assists merchants in increasing their e-commerce sales and reducing their overhead expenses by averting fraudulent activities such as chargebacks, fees, and losses.
Experts at Riskified have created strong and dynamic functions that are combined with deep learning features to build accurate predictive machine learning models. These models are designed to meet the distinct needs of each merchant, business, or product type, allowing Riskified to spot suspicious transactions and supply merchants with superior fraud management solutions.
The platform has assessed countless transactions in various industries such as retail, travel, finance, and more. Furthermore, Riskified's machine learning models are continuously fine-tuned using new data for improved precision and optimum protection from fraud.
As a result, Riskified has authorized billions of dollars in profits for renowned brands and early-stage businesses, providing them the boost they need to excel in the fiercely competitive e-commerce market.
In a highly competitive business environment like New York City, staying ahead of the curve is crucial. As companies strive to make data-driven decisions that give them an edge over their rivals, machine learning has emerged as a powerful tool to gain insights and improve products and services.
The growth of AI startups in NYC has been fueled by the city's diverse talent pool, world-class universities, and access to funding. As the competition in the AI industry continues to intensify, these startups must continue to innovate and offer new solutions to remain ahead of the curve. With the right strategy and talent, the top 10 AI startups in NYC are well-positioned to make a significant impact in the global tech landscape.