FX.co ★ Seven promising artificial intelligence startups

Experts notice the growing interest in the research and practical application of artificial intelligence (AI) throughout the world. A lot of AI technologies become a part of our life. Experts consider some startups in this industry very promising. In our article, you will find the list of the most interesting ones.

SenseTime

The large Chinese startup company got $620 million of investments for its developments. It is considered the most valuable AI startup in the world. This money SenseTime will direct to the development of research centers and the search for talented specialists. The company develops face recognition and image recognition systems for working with large volumes of data. SenseTime uses AI for instant camera image analysis and personal identification.

UBTECH Robotics

The UBTECH Robotics Chinese company uses artificial intelligence in robotics. It creates mechanical assistants, including the Alpha 2 robot humanoid. The robot has social communication skills. Customers are attracted by its low cost ($500). The developers of the company improve this mechanism and are engaged in the introduction of such devices.

Megvii Technology

The Megvii Technology company is engaged in the creation of software based on AI which is used for scanning individuals from security cameras. The equipment is used by the Ministry of Public Security of China. The database of this department has about 1.3 billion files of Chinese citizens. In 2018 the company attracted multimillion-dollar investments. Among the investors were such leading corporations as CCB International Holdings Ltd, Alibaba Group Holding Ltd, and Ant Financial, owned by billionaire Jack Ma.

CrowdStrike

CrowdStrike Inc, founded in 2011, deals with cybersecurity. Last year, it monitored cyber threats in more than 170 countries. One of the key products of CrowdStrike is the Falcon platform which provides information protection based on cloud technologies. Its clients are the world's largest financial institutions. The volume of attracted investments of CrowdStrike exceeds $150 million.

Yitu Technology

Products and services of the Chinese Yitu Technology include the "intelligent" security system, Yitu Dragonfly Eye (system based on the technology of "machine vision"), the City Data Hub system (solutions for urban transport) and Smart Healthcare (help in screening diseases and diagnosing images). The company produces "intelligent" equipment that allows machines to see, hear and understand what is happening. The company has developed China's first "intelligent" medical platform for visualizing images and diagnosing patient data.

Beijing Unisound Information Technology

Beijing Unisound Information Technology Co Ltd, established in 2012, offers specialized networks of AI services for smart home systems, autonomous vehicles, as well as education and medical solutions. In July of this year, Beijing Unisound attracted investments of $100 million. Among investors, there is a large Chinese fund, China Health Fund.

Cambricon Technologies

The Cambricon Beijing company is a subsidiary of the Chinese Academy of Sciences. It is supported by national IT giants, including Alibaba Group. The startup has the state support and investments of $1 million. Cambricon developers have created a processor that is six times faster than a standard GPU (graphics processor) for deep learning applications. The new "neuroprocessor" from Cambricon, used by Huawei, has bypassed Apple in the field of mobile AI chips.