The world of Artificial Intelligence (AI) is evolving at an incredible pace, and some of the most exciting breakthroughs are coming from startups founded after 2020. These companies are not only pushing the boundaries of AI but are also shaping the future of industries like healthcare, finance, and autonomous vehicles. With over $100 million raised in funding, investors are placing big bets on their transformative potential.
What’s driving this growth? These AI startups are developing innovative technologies that solve complex problems, automate everyday tasks, and create entirely new possibilities. Whether it’s improving diagnostics in healthcare or making cities smarter, their impact is undeniable.
In this article, we’ll take a closer look at the AI companies that have secured $100M+ in funding, and explore the game-changing solutions they’re bringing to life. Get ready to discover the next generation of AI pioneers!
10 AI Startups That Raised Over $100M and Are Shaping the Future
| Company Name | Founded | Location | Number of Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Anthropic | 2021 | San Francisco, CA, USA | 501-1000 | $4.0B | Nov 22, 2024 | $13.74B |
| Perplexity | 2022 | San Francisco, CA, USA | 11-50 | $500M | Dec 18, 2024 | $665M |
| xAI | 2023 | Burlingame, CA, USA | 11-50 | $6.0B | Nov 20, 2024 | $12.38B |
| Hippocratic AI | 2023 | Palo Alto, CA, USA | 51-100 | $141M | Jan 9, 2025 | $276M |
| Anysphere | 2022 | San Francisco, CA, USA | 1-10 | $100M | Dec 20, 2024 | $168.4M |
| Liquid AI | 2023 | Cambridge, MA, USA | 11-50 | $250M | Dec 13, 2024 | $293.2M |
| Harvey | 2022 | San Francisco, CA, USA | 101-250 | $100M | Jul 23, 2024 | $206M |
| Cyera | 2021 | New York, NY, USA | 251-500 | $300M | Nov 20, 2024 | $764.5M |
| Together AI | 2022 | San Francisco, CA, USA | 11-50 | $106M | Mar 13, 2024 | $228.5M |
| Suno | 2022 | Cambridge, MA, USA | 11-50 | $125M | May 20, 2024 | $125M |
1. Anthropic
- Founded: 2021
- Location: San Francisco, California, USA
- Industry: Artificial Intelligence (AI), Generative AI, Information Technology
- Number of Employees: 501-1000
- Last Funding Amount: $4.0B (Latest Round: Nov 22, 2024)
- Total Funding Amount: $13.74B
Anthropic is a leading AI research company founded in 2021, focused on developing safe, transparent, and human-aligned AI systems. Based in San Francisco, it specializes in natural language processing, reinforcement learning, and AI interpretability. Their flagship product, Claude, is an AI assistant designed to handle various tasks with safety in mind.
The company has raised $4 billion in funding, with total funding reaching $13.74 billion. Major investors include Amazon and Google. Anthropic’s mission is to advance AI that benefits society by prioritizing safety and alignment with human values.
Their research aims to ensure AI systems are reliable, understandable, and controllable, with a focus on scalable technologies and human-guided feedback.
2. Perplexity
- Founded: 2022
- Location: San Francisco, California, USA
- Industry: Artificial Intelligence (AI), Chatbot, Generative AI
- Number of Employees: 11-50
- Last Funding Amount: $500M (Latest Round: Dec 18, 2024)
- Total Funding Amount: $665M
Perplexity is a cutting-edge AI-powered search and answer platform that combines the power of large language models with traditional search engines to deliver fast, conversational, and highly relevant responses. By utilizing advanced natural language processing (NLP) and generative AI technologies, Perplexity transforms the search experience into a more interactive and intuitive journey, providing users with information that feels more like a dialogue than a traditional query.
Their platform is designed to bridge the gap between standard search engines and personalized, AI-driven assistants. With $665M in total funding, Perplexity is positioning itself as a leader in the next generation of AI search technology. As a unicorn startup, they’re set to redefine how users discover and engage with information, making the process smarter, more efficient, and highly user-centric.
3. xAI
- Founded: 2023
- Location: Burlingame, California, USA
- Industry: Artificial Intelligence (AI), Generative AI, Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $6.0B (Latest Round: Nov 20, 2024)
- Total Funding Amount: $12.38B
xAI is a cutting-edge AI company dedicated to transforming industries through data analysis and advanced decision-making technologies. Specializing in machine learning algorithms, xAI aims to revolutionize sectors such as finance, healthcare, and logistics by delivering AI-driven solutions that enhance accuracy and efficiency.
With a mission to accelerate human scientific discovery, xAI is developing a platform that significantly improves data-driven insights and decision-making. The company’s rapid growth and its $12.38 billion funding position it as a unicorn in the AI space, shaping the future of intelligent automation and data analysis across critical industries.
4. Hippocratic AI
- Founded: 2023
- Location: Palo Alto, California, USA
- Industry: Artificial Intelligence (AI), Generative AI, Health Care
- Number of Employees: 51-100
- Last Funding Amount: $141M (Latest Round: Jan 9, 2025)
- Total Funding Amount: $276M
Hippocratic AI is a leading innovator in developing safety-focused large language models specifically designed for the healthcare sector. Unlike traditional AI models that rely on large-scale pre-training from the internet (which may include unreliable content), Hippocratic AI prioritizes acquiring evidence-based, healthcare-specific content to ensure the accuracy, reliability, and safety of its language models. The company’s models focus on non-diagnostic, patient-facing applications, ensuring they can assist with medical inquiries without jeopardizing patient safety.
With a growing footprint in the AI healthcare space, Hippocratic AI is committed to improving the delivery of safe, evidence-backed healthcare information while ensuring ethical AI deployment in a sensitive and high-stakes industry.
5. Anysphere
- Founded: 2022
- Location: San Francisco, California, USA
- Industry: Artificial Intelligence (AI), Generative AI, Information Technology
- Number of Employees: 1-10
- Last Funding Amount: $100M (Latest Round: Dec 20, 2024)
- Total Funding Amount: $168.4M
Anysphere is an applied research lab focused on revolutionizing the coding process by leveraging AI technologies. The company’s mission is to create a hybrid human-AI programmer that enhances coding efficiency while giving developers greater control over complex systems. By combining human creativity with cutting-edge AI tools, Anysphere aims to significantly improve the development experience and optimize the way complex systems are built.
As a leader in AI-assisted programming, Anysphere is set to reshape the future of software development, making coding more efficient, accurate, and accessible to developers across various industries.
6. Liquid AI
- Founded: 2023
- Location: Cambridge, Massachusetts, USA
- Industry: Artificial Intelligence (AI), Generative AI, Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $250M (Latest Round: Dec 13, 2024)
- Total Funding Amount: $293.2M
Liquid AI is a cutting-edge technology company focused on developing artificial intelligence solutions aimed at revolutionizing data analysis and decision-making processes across various industries. By leveraging advanced AI and machine learning algorithms, Liquid AI builds tools that empower businesses in sectors such as finance, healthcare, and logistics to make more accurate and efficient decisions in real time.
The company’s AI-driven platforms excel in optimizing complex workflows, analyzing large data sets, and predicting trends to provide actionable insights that help companies stay ahead of the competition. Liquid AI’s technology enables businesses to harness the power of data, improve operational efficiencies, and foster innovation. As a rapidly growing player in the AI space, Liquid AI is poised to become a leader in transforming how industries leverage artificial intelligence to solve their most challenging problems.
7. Harvey
- Founded: January 2022
- Location: San Francisco, California, USA
- Industry: Artificial Intelligence (AI), Legal, Legal Tech
- Number of Employees: 101-250
- Last Funding Amount: $100M (Latest Round: Jul 23, 2024)
- Total Funding Amount: $206M
Harvey is a leading AI-powered technology service provider specifically tailored for knowledge workers in the legal industry. Harvey’s innovative platform harnesses the power of generative AI to help lawyers streamline their workflows and answer complex legal questions with ease. The company’s flagship product offers a natural language interface that allows legal professionals to describe tasks in plain English, eliminating the need for multiple, complex, and specialized tools traditionally used for niche legal tasks.
By integrating AI into legal practices, Harvey empowers lawyers to work more efficiently, reducing time spent on manual research and drafting. With backing from OpenAI, the company is positioned as a trailblazer in the legal tech space, transforming how law firms handle everything from case research to document review, making legal work more accessible and efficient. Harvey is quickly becoming a game-changer for the legal industry by bridging the gap between AI technology and legal expertise.
8. Cyera
- Founded: 2021
- Location: New York, New York, USA
- Industry: Artificial Intelligence (AI), Cloud Data Services, Cyber Security
- Number of Employees: 251-500
- Last Funding Amount: $300M (Latest Round: Nov 20, 2024)
- Total Funding Amount: $764.5M
Cyera is a leading AI-powered data security company that helps businesses protect their data in the cloud. The company offers a data-centric approach to security, providing enterprises with in-depth visibility into their data, including where it is stored and what risks may expose it to cyber threats. By applying continuous and effective controls, Cyera ensures organizations remain cyber-resilient and compliant with relevant regulations.
With backing from prominent investors such as Sequoia, Accel, Cyberstarts, and Redpoint Ventures, Cyera is redefining how companies secure their data, transforming the way enterprises handle data security and compliance across their entire cloud landscape. By helping security teams take immediate action to mitigate risks, Cyera is at the forefront of cloud data security innovation.
9. Together AI
- Founded: Jun 11, 2022
- Location: San Francisco, California, USA
- Industry: Artificial Intelligence (AI), Generative AI, Internet
- Number of Employees: 11-50
- Last Funding Amount: $106M (Latest Round: Mar 13, 2024)
- Total Funding Amount: $228.5M
Together AI is a cloud-based platform focused on developing open-source generative AI and infrastructure to support AI model training, refinement, and deployment. By offering decentralized cloud computing services, the company enables developers and researchers to build and scale AI models efficiently.
The company actively contributes to open-source AI research, models, and datasets, helping to push the boundaries of AI innovation. Together AI is committed to making AI development more accessible, cost-effective, and scalable by leveraging decentralized computing and cutting-edge research. The platform supports high-performance AI workloads while reducing dependency on expensive proprietary systems, making it a key player in the open-source AI ecosystem. Additionally, Together AI collaborates with leading AI researchers and institutions to drive advancements in model efficiency, transparency, and ethical AI development.
10. Suno
- Founded: 2022
- Location: Cambridge, Massachusetts, USA
- Industry: Artificial Intelligence (AI), Music
- Number of Employees: 11-50
- Last Funding Amount: $125M (Latest Round: May 20, 2024)
- Total Funding Amount: $125M
Suno is an AI-powered music startup that empowers users to create songs effortlessly using artificial intelligence. By combining advanced AI-driven composition tools with an intuitive interface, Suno allows musicians, creators, and hobbyists to generate high-quality music without the need for extensive technical skills or production experience.
The company is revolutionizing the way people interact with music by making composition and production more accessible and enjoyable. Suno’s platform fosters creativity by enabling users to experiment with different styles, melodies, and lyrics, unlocking new possibilities for both professional musicians and casual music enthusiasts. As AI continues to shape the future of music creation, Suno is at the forefront, redefining how people make and experience music.
Conclusion
The rise of AI startups over the past few years has been nothing short of extraordinary. With billions of dollars in funding and groundbreaking innovations across industries, these companies are shaping the future of artificial intelligence. From transforming search engines and revolutionizing legal tech to enhancing healthcare and music creation, these AI pioneers are pushing boundaries and redefining how we interact with technology.
As AI continues to evolve, the impact of these startups will only grow, influencing industries in ways we have yet to imagine. Whether it’s improving efficiency, enhancing security, or democratizing access to powerful AI tools, their work is paving the way for a smarter, more connected world. Investors, businesses, and consumers alike should keep a close eye on these trailblazers, as they are set to define the next era of artificial intelligence.
With rapid advancements and continued investment, one thing is certain: the AI revolution is just getting started.
FAQs
Q. What are some of the biggest AI startups founded after 2020?
Answer: Some of the most well-funded and influential AI startups include Anthropic, Perplexity, xAI, Hippocratic AI, Anysphere, Liquid AI, Harvey, Cyera, Together AI, and Suno. These companies are leading advancements in generative AI, cybersecurity, legal tech, healthcare, and music creation.
Q. What role does AI play in cybersecurity?
Answer: Companies like Cyera leverage AI to provide real-time monitoring, threat detection, and data security in the cloud. AI helps automate the identification of cyber threats and vulnerabilities, making security systems more proactive and resilient.
Q. Are these AI startups competing with big tech companies like Google and OpenAI?
Answer: Many AI startups collaborate with big tech companies by securing funding, accessing infrastructure, or integrating their AI models into existing platforms. However, some startups, like Anthropic and xAI, are direct competitors, aiming to develop AI models that rival those of OpenAI and Google DeepMind.