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On 13 December, OVHcloud and the Alchemy Crew team hosted a virtual event to enable AI and Data Analytics startups to connect with investors and corporate delegates. Titled #Pitch410, the event was an opportunity for eight of the most promising young ventures to share their journeys, and their needs.
Our focus this time around was on Artificial Intelligence (AI) and Data Analytics. The use of AI and data analytics has been growing for several decades but has become increasingly prevalent in recent years with advances in technology and the availability of large amounts of data. These technology areas have received a lot of attention in recent years, and the market has billions of dollars have been invested in these practices, and many market players are trying to advance their products and services to meet the needs of the future AI-driven world.
To run the event, our team at Alchemy Crew reviewed 130s AI and Data Analytics startups. We discovered through our sourcing process that they were over 18.6K AI startups that have already received over USD $471 billion in funding. Additionally, there were 283 data analytics startups that have already received over USD $2.17 billion in funding over the past 10 years.
These companies develop new technologies that take the world to the next level or build AI-based products that help businesses stay ahead in their respective industries. And our collaboration with OVHcloud aims to enable those ventures to gain access to new cloud-based capabilities to build, grow and scale their businesses including being more “open, sustainable, and free in the cloud” so that they can bring new ideas to life.
OVHcloud’s goal is to enable each company to build its most ambitious project in a secure, compliant, and sustainable cloud environment by providing each one of them with high-performance, cost-effective services for managing and protecting its data asset at scale.
Since 2015, over 3,000 startups and scaleups from across the globe have joined the OVHcloud ecosystem. The successful and rising startups include Yepic.ai and Ant Media. From day one, startups entering OVHcloud Startup Program get access to credits, co-marketing opportunities, and support.
“The growth of AI startups is a testament to the incredible potential of this transformative technology. With the ability to automate tasks, enhance decision-making, and improve the efficiency of a wide range of industries, it’s no wonder that AI is revolutionizing the tech scene. As a cloud provider, it’s important for us to work with these startups to provide the infrastructure necessary for them to succeed. By offering scalable, secure, and cost-effective cloud solutions with advanced AI capabilities, we’re helping to drive the growth of this exciting industry and pave the way for a brighter technological future.”
Filippo Sanesi, Startup Program Manager, OVHcloud
The AI and Data Analytics space are rapidly growing industries with immense potential and are cloud-based. By running on cloud infrastructure, these solutions can have access to vast amounts of computing power and storage, allowing for the processing of larger and more complex data sets. Additionally, cloud-based deployment makes it easier for organizations to scale up or down their computing resources as needed, reducing the costs associated with managing and maintaining on-premise hardware. Cloud technology also provides AI and data analytics solutions with greater accessibility and versatility, allowing users to access the solutions from anywhere with an internet connection. This makes collaboration and sharing of insights among remote teams easier and more efficient.
“AI is certainly evolving at speed and with recent development with OpenAI’s ChatGPT with over a00 million active users in 2 months, I am certain we have not seen what artificial intelligence and advanced analytics can offer to the finance and other industries.”
Sabine VanderLinden, CEO and Managing Partner, Alchemy Crew
Before diving into the profiles of the startups that joined us on 13 December, we want to remind you to check our LinkedIn page for upcoming events. We intend to deliver 3 additional events, including FinTech, and InsurTech, over the course of the next quarter.
Year founded: 2019
Country: London (United Kingdom)
Funding stage: Seed
Court Correct is a cloud and AI-based legal case management system. The platform enables organizations to register, acknowledge, resolve, and close cases. The platform also handles regulatory compliances and reduces manual work. Some of the features of the platform include the automatic flagging of risky cases, task automation, case databases for decision support, and more.
Year founded: 2020
Country: Edinburgh (United Kingdom)
Funding stage: Seed
Net AI is a cloud & AI-based platform providing network management solutions. The platform offers real-time network analytics solutions to manage and monetize 4G or 5G mobile networks. The platform also offers solutions such as stream analytics, real-time resource optimization, and business intelligence.
Year founded: 2020
Country: London (United Kingdom)
Funding stage: Seed
Kuano is a provider of AI and quantum services for molecular design. It offers AI-powered solutions for various industries, such as healthcare, finance, and legal. Kuano’s approach is to combine state-of-the-art simulation and AI to add quantum detail to structure based drug discovery. Their unique fusion of drug hunting and technology expertise allows them to illuminate new areas of chemical space enabling the design of next generation medicines.
Year founded: 2022
Country: Turkey
Funding stage: pre-seed
YellowPAD is an artificial intelligence-based object detection platform. It analyzes streaming media and detects any targeted entity, such as objects, characters, and movements. YellowPAD identified the issue of needing more effective tools to analyze and tailor content to meet user preferences. With its AI-based technology infrastructure, YellowPAD offers a solution that adds value through contextual insights by integrating relevant products into a more engaging user experience.
Year founded: 2022
Country: London (United Kingdom)
Funding stage: Seed
Smart Kiwi is an AI-driven suite solution for shared micromobility companies. Their vision is to become the ultimate data platform that shared mobility and logistics companies use to optimize their operations and increase their profitability. The platform offers features like demand predictive analysis. task automation, route planning system, resources, allocation, and performance tracking. They provide machine learning and geospatial predictive modeling for the optimization of their fleet distribution.
Year founded: 2021
Country: Denmark
Funding stage: Seed
FocalX is an AI & SaaS-driven inspection software for the automotive industry. They aim to create increased levels of trust between humans to enable a transition into a new paradigm of the rental and sharing economy. Their goal is to empower people to hand over their own or others’ cars without the need to worry about who caused damage to the vehicle by creating the safest and most transparent platform for vehicle inspection solutions. Their features include standardizing processes & procedures, 360-degree scanning, image recognition, auto-scan, web dashboard & more.
Year founded: 2021
Country: Denmark
Funding stage: Seed
ZenHire is a cloud-based applicant tracking platform for interviewing. The platform uses AI technology for CV screening, NLP analysis, video screening, and interviewing. It also allows users to automate interview scheduling. It offers tools for assessment and providing applicant feedback.
As of 2022, the top funded business model among AI and Data Analytics is AI infrastructure with $6.9 billion, followed by Autonomous Vehicles with $5.1 billion and Business intelligence with $3.67 billion.
Artificial Intelligence (AI) and Data Analytics solutions are transforming the world by providing organizations with powerful tools for making data-driven decisions. With the exponential growth of data in recent years, the ability to extract meaningful insights from this information has become critical for businesses, governments, and individuals alike. AI and Data Analytics solutions automate data processing and analysis, making it easier for organizations to discover patterns and trends in large datasets. This leads to improved efficiency, increased accuracy, and faster decision-making.
AI has unleashed a realm of opportunities and changed the world. So why not seize them? Let’s discover how it can transform our lives!
Here are the upcoming event and the estimated date.
| Provisional and confirmed dates | Event theme |
| 24 January 2023 (confirmed) | What is on the horizon for FinTech and InsurTech |
| 23 March 2023 (confirmed) | From AI to Generative-AI, how startups are transforming the world of business |