AI Startup Tech Spotlight 05/24 : Aviation | Biotechnology | Smart Cities
The AI technology of early stage startups analyzed and evaluated by data scientists, AI-experts and business professionals.
Every week, we give you an exclusive look into our techtrust.ai database. We focus on finding and evaluating the potential of new AI startups across different industries and places. Our team of data science and AI experts pays special attention to how these startups use AI technology in new, innovative ways.
Here are our next picks:
#1 Urban AI Solutions
Founded: 2023
Location: Santa Clara, CA, United States
Funding Round: Pre-Seed
Industry: Smart Cities
AI Technology: Computer Vision, Predictive Analytics, Pattern Recognition
What they are doing: Using AI to enhance urban and transportation systems through real-time traffic management, vehicle recognition, and automated violation reporting
AI Tech advancement: Combining computer vision and predictive analytics to with real-time traffic and vehicle data.
AI Tech Challenges they might face: achieving real-time processing and high accuracy; ensuring scalability and security; integration of data from various sensors; integrating with existing systems and navigating ethical considerations in applying AI to urban and transportation systems.
AI Tech-USP Score*: 5/10
Website: https://urbanaisolutions.com/
#2 Profluent Bio
Founded: 2022
Location: Berkeley, CA, United States
Funding Round: Seed
Industry: Biotechnology
AI Technology: Generative AI, Machine Learning
What they are doing: Using AI for protein design
AI Tech advancement: integration and combination of generative AI models with real-world laboratory data for the design of novel proteins.
AI Tech Challenges they might face: integrating complex, multidisciplinary data sets; ensuring the scalability and accuracy of generative AI models; translating AI-generated designs into practical, effective protein therapies.
AI Tech-USP Score*: 8/10
Website: https://www.profluent.bio
#3 Kquika
Founded: 2021
Location: New York, NY, United States
Funding Round: Seed
Industry: Aviation
AI Technology: Predictive Analytics, Natural Language Processing, Decision Support Systems
What they are doing: Uses AI to support airline enterprises with real-time incident analytics, rebooking-automation and predictive maintenance.
AI Tech advancement: integration of real-time data processing, predictive analytics, and automated communication to enhance operational efficiency.
AI Tech Challenges they might face: real-time processing; low-latency responses; scalable infrastructure; ensuring compliance with data protection laws.
Tech-USP Score*: 7/10
Website: https://www.kquika.com
* The Techtrust.ai Tech-USP-Score considers the uniqueness of an AI techstack as well as the number of competitors within the same AI-tech/business cluster, such as NLP in Healthcare for Use Case X.