artificial intelligence Startups
2 case studies with real revenue and traction data from artificial intelligence startups.
Segment helps mid-market banks (under $100B in AUM) understand and categorize transaction data using machine learning and AI-powered rules engines. Founded by Rob Heiser, the company has grown from 12 customers in October 2018 to over 100 banks serving 10+ million customers combined, charging 6-20 cents per customer per month. The company raised $30 million, grew approximately 100% YoY in 2019, and projected 120-200% growth in 2020 despite COVID-19 disruptions.
Gro Intelligence, founded by Sara Menker in 2014, uses artificial intelligence and human expertise to help private companies, nonprofits, and governments better understand agricultural markets and predict weather events, crop yields, and food prices. The company addresses global food insecurity by providing data-driven insights to agricultural stakeholders.