Venture capitalists are the startup experts, the ones who have their finger on the pulse of which fledgling companies will boom and which will bust.
And from those discussions, one particular group of startups came up repeatedly: those that specialize in artificial intelligence tech.
From AI robots to software that uses machine learning to automate tasks, Silicon Valley is chock full of AI-focused startups.
Take, for example, Transfix, a freight marketplace that companies use to hire trucks from carriers. The startup is trying to transform the $800 billion trucking industry by using AI to match loads with carriers. It’s raised $131 million so far.
- A company that automatically audits expense reports
- A startup that builds self-driving, robot tractors
- A software bot that helps create other software bots
- And other startups looking to transform industries through AI