From TikTok’s algorithms to personalized cancer care, artificial intelligence has applications across numerous industries. Our graphic visualizes the 10 most valuable AI companies around the globe.
In the last 5 years, corporate interest in artificial intelligence (AI) has exploded, with company valuations in the space growing massively.
AI technology has applications across numerous sectors, from training robots to personalizing shopping recommendations. Machine learning (ML) algorithms are even being trained to rapidly detect Covid-19, as well as to help physicians plan treatment.
Using CB Insights data, we visualized the top 10 most valuable private AI companies in the world.
Our analysis only includes VC-backed companies that are currently active and privately held. Data is as of 10/27/2020. We exclude subsidiaries and majority-owned startups.
Please click to enlarge.
We define AI to include companies selling AI SaaS, using AI algorithms to develop their core products, developing hardware to support AI workloads, or providing AI consultancies.
- Viral products like TikTok have propelled parent company ByteDance to become not only the highest valued AI company here, but also the most valuable unicorn in the world. We dig into the company’s “secret sauce,” as well as its future plans, in this report.
- Half of the companies in our graphic have raised funding rounds during Covid-19: robotic process automation (RPA) provider UiPath, endpoint security platform Tanium, ByteDance, personalized cancer care company Tempus, and agriculture biotech developer Indigo Ag. Four out of these 5 deals were up rounds — meaning these companies saw an increase in valuation.
- Several investors have backed at least 3 of these top 10 most highly valued AI companies, including SoftBank, Baillie Gifford & Co, Wellington Management, Tiger Global Management, T. Rowe Price, and General Atlantic.
- In response to Covid-19, China has doubled down on AI investments. Beijing-based Megvii deployed an AI-powered temperature screening solution, while Shanghai-based SenseTime has offered temperature detection software alongside a biometric identification system for people wearing masks.
For a look at what’s next in the AI space, check out the AI 100 — our list of the most promising AI companies in the world.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity