22 of the Most Successful Image Recognition Startups

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There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.

One of the challenges, however, is finding a market that is willing to pay for your solution without even knowing what it is yet.

While some people say this makes your idea too vague and hard to monetize, there’s actually good news.

There’s more money in this space than ever before by angels investing in early-stage companies.

If you're building a Image Recognition startup, you must check these 22 fast-growing companies.

22 Image Recognition Startups

1) OroraTech

OroraTech provides real-time information services to help in wildfire detection and monitoring.

Details of the startup:

Country: Germany
City: Munich
Started in: 2018
Founders: Björn Stoffers, Florian Mauracher, Rupert Amann, Thomas Grübler
Number of employees: 11-50
Funding amount: € 7,415,000
Number of funding rounds: 6
Number of investors: 11

You can find their website here.

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2) Trax

Trax is a retail technology company that offers in-store execution tools, market assessment services, and data science solutions.

Details of the startup:

Country: Singapore
City: Singapore
Started in: 2010
Founders: Dror Feldheim, Joel Bar-El
Number of employees: 1001-5000
Funding amount: $1,026,900,000
Number of funding rounds: 10
Number of investors: 10

You can find their website here.

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3) SenseTime

SenseTime is an artificial intelligence firm that specializes in cutting-edge computer vision and deep learning techniques.

Details of the startup:

Country: China
City: Beijing
Started in: 2014
Founders: Bing Xu, Li Xu, Xiaogang Wang
Number of employees: 501-1000
Funding amount: $2,640,000,000
Number of funding rounds: 9
Number of investors: 27

You can find their website here.

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4) Red Points

Red Points is a technology firm that focuses on safeguarding digital assets and brands that are sold online.

Details of the startup:

Country: Spain
City: Barcelona
Started in: 2011
Founders: David Casellas, Josep Coll
Number of employees: 101-250
Funding amount: $85,988,342
Number of funding rounds: 8
Number of investors: 10

You can find their website here.

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5) Doubtnut

Doubtnut is an e-learning website that allows users to ask physics, chemistry, and math study questions.

Details of the startup:

Country: India
City: Gurgaon
Started in: 2016
Founders: Aditya Shankar, Tanushree Nagori
Number of employees: 11-50
Funding amount: $49,939,813
Number of funding rounds: 5
Number of investors: 10

You can find their website here.

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6) Descartes Labs

The Descartes Labs Platform was created to address some of the world's most difficult and important geospatial analytics problems.

Details of the startup:

Country: United States
City: Santa Fe
Started in: 2014
Founders: Adam Smith, Mark Johnson, Mark Mathis, Mike Warren, Steven Brumby, Tim Kelton
Number of employees: 101-250
Funding amount: $58,000,000
Number of funding rounds: 4
Number of investors: 14

You can find their website here.

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7) MEGVII

Megvii creates AI Engine, a basic technology that powers a variety of AI applications.

Details of the startup:

Country: China
City: Beijing
Started in: 2011
Founders: Qi Yin, Wenbin Tang, Yang Mu
Number of employees: 1001-5000
Funding amount: $1,357,000,000
Number of funding rounds: 7
Number of investors: 17

You can find their website here.

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8) Lunit

Using AI-powered imaging biomarkers to defeat cancer

Details of the startup:

Country: South Korea
City: Seoul
Started in: 2013
Founders: Anthony Paek, Donggeun Yoo, Jungin Lee, Kyunghyun Paeng, Minhong Jang, Sunggyun Park
Number of employees: 51-100
Funding amount: $46,478,911
Number of funding rounds: 5
Number of investors: 10

You can find their website here.

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9) ViSenze

ViSenze uses artificial intelligence to simplify the visual web.

Details of the startup:

Country: Singapore
City: Singapore
Started in: 2012
Founders: Chua Tat-Seng, Li Guangda, Oliver Tan, Roger Yuen
Number of employees: 11-50
Funding amount: $34,000,000
Number of funding rounds: 6
Number of investors: 16

You can find their website here.

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10) Plantix

The world's largest digital agro-ecosystem for small-scale farming, including an AI-powered crop doctor, illness alarms, and the appropriate treatments.

Details of the startup:

Country: Germany
City: Berlin
Started in: 2015
Founders: Alexander Kennepohl, Bianca Kummer, Charlotte Schuhmann, Korbinian Hartberger, Pierre Munzel, Robert Strey, Simone Strey
Number of employees: 101-250
Funding amount: € 17,150,000
Number of funding rounds: 5
Number of investors: 7

You can find their website here.

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11) Kayrros

Kayrros is a data analytics firm that assists global energy market participants in making more informed investment decisions.

Details of the startup:

Country: France
City: Paris
Started in: 2016
Founders: Alexandre d’Aspremont, Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Laurent El Ghaoui
Number of employees: 51-100
Funding amount: $34,483,346
Number of funding rounds: 4
Number of investors: 7

You can find their website here.

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12) Deepomatic

Deepomatic creates a platform that allows professionals to create custom image recognition AI and provides clients with computer vision solutions.

Details of the startup:

Country: France
City: Paris
Started in: 2014
Founders: Alois Brunel, Augustin Marty, Vincent Delaitre
Number of employees: 11-50
Funding amount: $11,728,307
Number of funding rounds: 9
Number of investors: 11

You can find their website here.

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13) Mapillary

Mapillary has created a street-level imagery platform that relies on pictures submitted by the general public.

Details of the startup:

Country: Sweden
City: Malmö
Started in: 2013
Founders: Jan Erik Solem, Johan Gyllenspetz, Peter Neubauer, Yubin Kuang
Number of employees: 51-100
Funding amount: $24,600,000
Number of funding rounds: 4
Number of investors: 11

You can find their website here.

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14) EyeEm

EyeEm develops software to display the best photographs from the world's largest photo community.

Details of the startup:

Country: Germany
City: Berlin
Started in: 2011
Founders: Florian Meissner, Gen Sadakane, Lorenz Aschoff, Ramzi Rizk
Number of employees: 101-250
Funding amount: $24,000,000
Number of funding rounds: 5
Number of investors: 7

You can find their website here.

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15) Intello Labs

Image matching and machine learning are used by Intello Labs to assess crop quality.

Details of the startup:

Country: India
City: Haryana
Started in: 2016
Founders: Devendra Chandani, Milan Sharma
Number of employees: 51-100
Funding amount: $8,523,800
Number of funding rounds: 6
Number of investors: 8

You can find their website here.

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16) Anyline

Anyline provides a simple scanning solution that saves both time and money.

Details of the startup:

Country: Austria
City: Vienna
Started in: 2013
Founders: Daniel Albertini, David Dengg, Jakob Hofer, Lukas Kinigadner
Number of employees: 51-100
Funding amount: $17,016,495
Number of funding rounds: 5
Number of investors: 9

You can find their website here.

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17) Augmenta

Using deep learning, automate the precision application of farm inputs in real-time, increasing production, improving quality, and lowering input costs.

Details of the startup: