1. Agency AI
Founders: Adam Silverman, Shawn Qiu, Braelyn Boynton, Howard Gil
Funding: $2.6 million seed round in 2024
Work: Agency focuses on developing reliable AI agents at scale. They have created AgentOps, a leading agent observability platform, and curated a library of over 400 AI agents currently in production. Their services range from assisting clients in prototyping and deploying AI agent projects to providing expertise in building and reviewing agents.
Recent Developments: Agency launched AgentOps to help businesses manage AI agents effectively and expanded its services to support both startups and large enterprises in building agents at scale. They have also developed open-source tools to support AI agent developers in creating and deploying agents more efficiently.
2. Cognition labs
Founder: Scott Wu (CEO)
Funding: $175 million, with a claimed valuation of $2 billion as of April 2024
Work: Cognition Labs is revolutionizing the software engineering space with their advanced agentic AI, Devin. Devin is an autonomous AI that handles long-term reasoning, planning, and complex engineering tasks, collaborating with human engineers. It integrates commonly used developer tools in a sandboxed environment, allowing it to operate autonomously and perform tasks end-to-end.
Recent Developments: Devin has achieved exceptional performance on the SWE-bench coding benchmark, resolving 13.86% of issues without human assistance. With the success of Devin, Cognition Labs has expanded early access to engineering work and secured significant funding, which highlights strong investor confidence in their AI-driven solutions.
3. Hippocratic ai
Founder: Munjal Shah
Funding: $500 million
Work: Hippocratic AI is focused on developing AI agents for healthcare applications, specifically for tasks traditionally performed by nurses, such as chronic care management, wellness coaching, and follow-up care. These agents are designed to perform at a significantly lower cost compared to human nurses, offering a solution for reducing healthcare expenses.
Recent Developments: Hippocratic AI has partnered with NVIDIA to develop super-low-latency "empathy inference" for more natural patient interactions. Additionally, they launched a staffing marketplace for AI agents in healthcare and entered phase three of safety testing with thousands of nurses and physicians. Their ongoing collaborations with health providers aim to ensure the effectiveness and safety of AI agents in healthcare.
4. Adept ai
Founder: David Luan
Valuation: Over $1 billion
Work: Adept AI is building AI agents that can respond to natural language commands to control desktop applications and automate corporate workflows. The company is focused on creating custom agents for businesses, enabling them to integrate various software tools seamlessly. Their platform aims to make agentic AI accessible for businesses of all sizes.
Recent Developments: In 2024, Amazon recruited two-thirds of Adept's team, including CEO David Luan and co-founders, underscoring the value of Adept’s AI agent technology. Despite the team’s shift to Amazon, the remaining Adept team continues to work on developing proprietary agentic AI solutions with unique models and infrastructure.
5. Superagi
Founders: Ishaan Bhola and Mukunda NS
Valuation: $10 Million
Work: SuperAGI is a standout in the AI agent space due to its open-source approach. By releasing its technology stack, including LAMs (Large Agent Models) and autonomous agents, SuperAGI encourages collaboration and customization. Their SAM-7B model outperforms GPT-3.5 on reasoning tasks, while the VEagle vision model allows for software interaction similar to human capabilities.
Recent Developments: SuperAGI has made impressive strides in AI research and development, aiming to be among the top three AI research firms by 2024. They have expanded their customer base, launched a marketplace for AI employees, and are pushing forward with monetizable applications, making AGI a more tangible and practical reality.
6. Moveworks
Founder: Bhavin Shah
Valuation: $2.1 Billion
Work: Moveworks integrates multiple aspects of agentic AI, including autonomous goal-setting, execution, and the use of large language models (LLMs) for fluent responses. Their platform is designed to enhance decision-making by incorporating Retrieval-Augmented Generation (RAG) and cross-system integration, making it highly effective in business operations such as IT support and human resources.
Recent Developments: Moveworks is optimizing productivity by combining autonomous goal-setting with modular architecture, enabling smooth cross-system operations. The company’s partnerships with major players like Microsoft bolster its reputation and highlight the value of Moveworks' solutions in corporate workflows.
7. Beam
Founders: Jonas Diezun, Aqib Ansari
Work: Beam specializes in Agentic Process Automation, offering a platform that manages AI agents across business processes. The platform includes an AI Agent Hub, pre-trained templates, and customizable solutions to ensure operational efficiency. Beam focuses on providing adaptable automation solutions while maintaining enterprise-grade security.
Recent Developments: Beam.ai has launched a comprehensive platform for creating, testing, and deploying AI agents. They are expanding their integrations and tools to cater to different industries, such as insurance and healthcare, ensuring their AI agents meet the needs of various business sectors.
8. Ninjatech ai
Founder: Babak Pahlavan
Valuation: $4.73 Billion
Work: NinjaTech AI is developing an AI assistant platform equipped with agentic capabilities for specialized tasks like coding, advising, and image generation. The platform integrates over 20 external AI models from companies like OpenAI and Google and features a proprietary coding model based on Llama 3.1 405B.
Recent Developments: NinjaTech is launching a platform that allows users to access and compare results from multiple AI models. Their autonomous agents are designed to handle complex tasks, utilizing reasoning and planning capabilities. They also implemented AWS AI chips to enhance performance and efficiency, offering a subscription-based model for users to access AI tools.
Conclusion
The emergence of AI agent startups represents a transformative shift in how businesses and industries approach automation and artificial intelligence. Companies like Agency, Cognition Labs, Hippocratic AI, Adept AI, SuperAGI, Moveworks, Beam, and NinjaTech AI are leading the way, developing advanced AI agents that can handle everything from software engineering tasks to healthcare services and business process automation. These startups are pushing the boundaries of what’s possible with AI, and their innovations promise to shape the future of work, healthcare, and more. For investors and industry professionals, these AI agent startups offer exciting opportunities to get in on the ground floor of this rapidly growing sector.
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