Tuesday, July 28, 2020

Names To Know: "The United States Of Artificial Intelligence Startups"

A handy list of 43 AI focused businesses from CB Insights, July 16:

Startups in 43 US states are applying artificial intelligence tech across industries like marketing, healthcare, retail, and more.
Funding to artificial intelligence startups has been on the rise. In 2019, AI startups received a record $28.5B in funding across over 2,300 deals — a 20% increase in funding to the sector.
In 2019, the states that saw the most equity deals to AI startups were California, New York, and Massachusetts, though investors have bet on AI startups across the country.

Despite the ongoing coronavirus pandemic, 2020 has seen sustained momentum — AI deals declined in Q1’20, but funding jumped by 51% from the previous quarter to hit $8.4B. There have also been big exits in the space, including Amazon’s $1.2B acquisition of autonomous driving startup Zoox in June and AI-powered insurance provider Lemonade‘s eye-popping IPO in July.

Using CB Insights data, we mapped out the top-funded AI startup in every US state.
Collectively, these startups have raised nearly $7.5B in funding, with leading companies including Indigo Ag (Massachusetts, $1.1B in disclosed equity funding), Nuro (California, $1B), and Avant (Illinois, $655M),  
See the full map below....
Top-Funded Artificial Intelligence Startups
State Company Total Equity Funding ($M)
New York UiPath 1241
Massachusetts Indigo Ag 1092
California Nuro 1032
Illinois Avant 655
Pennsylvania Argo AI 500
Texas StackPath 396
Connecticut Butterfly Network 350
Colorado Welltok 339
Washington Outreach 290