Startups across 42 US states are applying artificial intelligence tech across industries like marketing, healthcare, retail, and more. Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B into US AI startups — more than 8x funding levels just 5 years prior ($1.1B in 2013).
In 2018, the top 3 states for AI deals were California (48% of deals), New York (12%), and Massachusetts (9%), though investors have bet on AI startups across the country. Collectively, these startups have raised over $6.5B in funding, with leading companies including Butterfly Network (Connecticut, $350M in total disclosed equity funding), Welltok (Colorado, $339M), and InsideSales.com (Utah, $264M).
· The most well-funded US artificial intelligence startup is Nuro, with just over $1B in disclosed equity funding, including a $940M Series B from SoftBank in February 2019. The California-based startup is developing autonomous vehicles, with a focus on last-mile delivery.
· Nuro is followed by New York’s UiPath ($1B in disclosed equity funding) and Illinois’ Avant ($655M).
· There are 9 unicorn startups on our map: robotic process automation vendor UiPath ($7.1B valuation), autonomous vehicles software provider Argo AI ($7B), agtech startup Indigo Agriculture ($3.5B), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and business sales communication platform Outreach ($1.1B).
· 16 startups on the map have raised over $100M in disclosed equity funding, including health platform Welltok ($339M), cybersecurity company StackPath ($180M), and fintech company Opera Solutions ($122M).
· 30 startups on this list have raised more than $10M in equity funding. The startup with the least funding on the list is Rhode Island’s The Innovation Scout, a SaaS platform that connects enterprises with startups, accelerators, and more. The company has raised $50K.