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And, what markets and product types do they target?
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I want to explore data on my own...
AvatarI203 Here is a breakdown of Gen AI startups by different market and product types. Looks like Business to Business is the space to be!
AvatarI203 Here’s an open exploration of the entire data for you.
market in a snapshot
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Let's explore in a Chat GPT style interface how the market of Generative AI has grown and see important players since the 2010s.
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500 startups From 2010 to now, based on DealRoom’s startup dataset.
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$76 million Average valuation of the startups in the list.
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$42.6 million Average funding per startup on the list.
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How has the generative AI industry grown over time?
AvatarI202 Looking at the past data, here’s the growth of generative AI startups across the world. The highest growth was in 2019... looks surprising, but it is what the data says!
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RV
Where have we seen the most startups come up?
AvatarI202 As expected, the United States, has the highest number of startups. Note that UK, Germany, Israel and India have a significant number of startups, too.
Note that
Israel is a new and interesting hub of AI startups.
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When were the top startups founded and what industry do they belong to?
AvatarI202 Here's a scatterplot of all Forbes AI 50 startups from 2023 showing when they were founded and how much funding they received. It dates back to 2010. Pretty cool, right?
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Here's a timeline of 2023's Forbes AI 50 startups by year founded.

2010

Vectra AI

2011

AlphaSense

2012

Clari

2013

Databricks

Inflection

2014

Ironclad

2015

Gong

OpenAI

Shield AI

2016

Eightfold AI

FarmWise Labs

Hugging Face

ImagenAI

Moveworks

PathAI

Scale AI

Slingshot Aerospace

VIZ.AI

2017

Anduril Industries

Canvas

Descript

PolyAI

Snorkel AI

Synthesia

Vannevar Labs

Weights & Biases

2018

Abnormal Security

Bayesian Health

Insitro

Runway

Trigo

2019

Arize AI

Neeva

Pachama

Unlearn.AI

Writer

2020

Anthropic

Character.AI

Harvey

Jasper

2021

Adept

Coactive AI

Cohere

Glean

Midjourney

MosaicML

RevComm

Surge AI

Tome

Waabi

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Source: DealRoom’s open database about 500 generative AI startups. Interpretations are of the author.