It seems that OpenAI with ChagGPT changed the world at the start of 2023 and we are in for an amazing ride. “Generative AI” refers to AI that generates content, such as text, images, audio and video.
The value in the Generative AI market is projected to reach US$45bn in 2023.
We’ve put together a list of 22 generative AI startups that are establishing themselves as “heavy-hitters” in this exciting and new industry.
What are Generative AI Startups?
Lightricks
Founded in 2013, Lightricks is a technology company best known for their popular photo editing app called Facetune. The app uses artificial intelligence to let users easily retouch and transform images of faces. Originally just focused on easy editing tools for social media images, Lightricks has now expanded Facetune’s capabilities much further. The latest app versions integrate more advanced AI that can not only perfect selfies but also generate fresh avatars and artwork.
Powered by creative neural networks, Facetune gives users new ways to play with their appearance in photos. The AI can also dream up fully custom portraits in different artistic styles. Users can watch as unique characters come to life and then refine designs with customization tools.
Tabnine
Tabnine utilizes generative AI to provide intelligent code completion to streamline software development. As developers type in IDEs like VS Code or Jupyter, Tabnine’s models dynamically suggest full lines or blocks of code that programmers can easily insert with a single keystroke. This autocompletion speeds up projects by reducing tedious typing and time-intensive searches for syntax references.
Tabnine’s contextual recommendations learn from public code repositories as well as programmers’ own codebase to tailor to personalized styles over time. With fast, unopinionated code suggestions, Tabnine aims to boost productivity for both expert engineers and new coders, allowing all levels to focus less on memorization details and more on high-value programming architecture.
Synthesis AI
Founded in 2018, Synthesis AI developed proprietary machine learning models to generate realistic simulated data for training visual perception systems. This expands available dataset variety while protecting individuals’ privacy and safety. Example uses include autonomous vehicle testing, medical imaging research, and augmented reality.
Firmly committed to accountability, Synthesis AI vets all clients and limits synthetic data uses to contexts preserving dignity and consent. Their Governance Board provides oversight on model ethics and biases. Synthesis believes guidance and vigilance must accompany innovation.
Glean
Workers get tailored answers and recommendations directly within their workflows. Glean aims to make enterprise knowledge discoverable, boosting productivity.
Observe.AI
This aims to improve customer satisfaction through faster issue resolution and more empathetic conversations. Observe.AI also provides coaching tools to enhance agent performance over time.
Veesual AI
The computer vision platform generates extremely accurate 3D renderings of apparel fit on real people. For brands, Veesual increases conversions, reduces returns, and enhances digital experiences.
Hugging Face
With their open repositories, the Hugging Face community has built up a large collection of reusable AI building blocks.
Soundraw
The AI-composed songs can be used in videos, podcasts, games, or other media without worrying about copyright issues. This Generative AI startup aims to make professional music accessible to all levels of creators.
AssemblyAI
Key offerings include real-time streaming, speaker separation, and sentiment analysis of conversations. AssemblyAI aims to make speech data accessible and actionable at scale.
Perplexity
The conversational search platform understands context and semantics to provide relevant results beyond just keywords. Perplexity continuously improves through machine learning as users interact.
Humata
Humata returns precise results pulled from materials, along with synthesized summaries. The AI aims to unlock insights from information otherwise buried in siloed files across machines.
Stability AI
By open sourcing models like Stable Diffusion, Stability AI aims to accelerate research and build an ecosystem of applications powered by generative AI. Their platform democratizes creating with AI.
Rephrase.ai
The platform enables anyone to become a video creator simply by writing. Rephrase democratizes access to video production without the need for cameras, editing, or acting skills.
Runway
Runway’s generative engine aims to simplify video production without shooting original footage. Text prompts come to life as AI-generated video drafts for creators to refine or use as-is.
Bubble
This intuitive approach enables rapid prototyping and development without technical skills needed. Bubble-built apps can be deployed instantly with hosting, databases, and cloud services.
Truehold
Truehold’s sale-leasebacks unlock liquidity rapidly without loans or lengthy sales. Their direct model cuts out intermediaries to maximize seller proceeds. Custom leases and downsizing options provide flexibility.
Writer
Writer’s technology captures brand voice, tone, and messaging to write original content at scale. Teams can produce more content faster while maintaining quality and consistency.
TestFit
By automating feasibility testing, TestFit identifies the most valuable development program that maximizes returns. Site-specific data improves accuracy to reduce risk and uncover hidden potential.
MOSTLY AI
Their synthetic data platform empowers enterprises across industries to simulate large datasets with complete control and security. This accelerates development cycles for AI and testing use cases.
Cohere
By providing enterprise-grade large language models as a service, Cohere aims to make AI accessible for any organization. The self-service platform speeds up development and lowers costs.
Groove Jones
Groove Jones offers specialized expertise across the extended reality spectrum, from developing 3D interactive environments to deploying volumetric video capture studios. Their focus is building engaging experiences powered by emerging tech.
F(x) Data Labs
By providing specialized data skills and solutions, F(x) aims to transform how clients across sectors leverage data to create value. Their technology agnostic approach delivers measurable business impact tailored to each need.
Conclusion
Discover more creative startups that might interest you:
- The best DeFi startups working on alternatives for the standard financal services.
- Innovative gaming startups that are improving the gaming industry
- Revolutionary biotech startups helping the world with amazing innovations.
- Food startups that are developing amazing food making and delivery solutions.
- 3D printing companies with outstanding innovations to improve manufacturing.
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