5 startups that raised the most money in 2019
According to Forbes, in 2019, approximately $10.7B was invested in artificial intelligence startups. Now let’s see which startups got the biggest investments in 2019.
One of the most successful startups that raised $319M in 2019 is Vacasa. The startup is creating and using AI-driven tools to improve their customers’ experience in renting vacation houses around the world. Vacasa manages a growing portfolio of more than 14,000 homes from all around the world, including Europe, the U.S., South America, and South Africa. You can explore potential houses where you would like to spend your vacation by 3D visuals that Vacasa created to help you learn more about the place of residence.
Another startup that raised $300M in 2019 is called Samsara. It is an IoT (Internet of Things) platform that enables its users to bring real-time visibility, analytics, and artificial intelligence to operations. Samsara’s most useful and exciting activities include vehicle telematics, driver safety, mobile workflow, and also asset tracking and industrial process controls. All of these are available in an integrated, open, and real-time platform. Samsara is enhancing its scope of activities and the operation countries very fast to be able to track customers’ needs instantly. In the past year, they were able to double the customer and employee base, launched in 10 new countries as well as opened new offices in Atlanta. All in all, they are continually working on new and innovative ideas to help their customers work efficiently to ensure the sustainability of the business.
TripActions raised $250M in September 2019. It is a business travel platform that combines the most up to date AI-driven personalization as well as builds, manages, and scales a world-class travel management program. Trip Actions has travel agents who are available 24/7/365 who are constantly monitoring itineraries and providing the best options for the travelers.
Another successful startup is ThoughtSpot raised $248M in 2019. It is the fourth startup that raised the most money, according to Forbes. ThoughtSpot is an AI-driven platform that allows business analysts and data scientists to capitalize on their expertise. The vision ThoughtSpot has is to make analytics easy for daily use. The app shouldn’t just be a complex technical system. The goal is to get people using it as their favorite tool. It is as easy as a search, and the good thing is that ThroughSpot provides personalized insights before you even ask.
According to Forbes, the fifth startup that raised the most money in 2019 is CloudMinds, with $186M. Cloud Minds’ unique platform consists of Human Augmented Robotics Intelligence with Extreme Reality (HARIX), which makes robots as smart as human beings by using the cloud brain. Their vision is to make these robots affordable for homes by 2025. The core value the company has is to make the robots safe enough for humans to trust them with their children at home. Most importantly, robots should be affordable for businesses to increase their productivity and to be accessible to households.
Overall, in a tech-driven society that we are living in, consumers have changing needs which entrepreneurs try to capture and put into work. The startups which we have talked about are vivid examples of modern and innovative ideas that are essential for our digitalized world.