t seems that 2024 has been a successful year for many startups worldwide which managed to release new technologies and models and secure funding
rounds in order to improve and develop the entire company.
All startups tried to come up this year with cutting-edge technologies, various fintech products, or sustainable tech advancements in order to become more visible to investors and other interested parties. We must admit that 2024 recorded some impressive funding rounds and remarkable product launches that managed to surpass any expectations.
In this article, you will find some of the most notable startups of this year that managed to excel in performance, whether through revenue growth, valuation, funding rounds, and other criteria.
Top Startups and Their Achievements
Neuralink
Founded in 2017, Elon Musk’s neurotechnology company is a brain-machine interface technology that aims to transform into reality the connection of human brains to computers. This impressive technology has the high potential to change various industries such as medicine, gaming, and others.
Neuralink managed to have various key achievements in 2024 such as successful advances in the implant technology, and released a new and improved version of the neural implant which promises to provide a higher data transfer along with enhanced precision.
OpenAI
OpenAI is now one of the most revolutionary companies in the technology industry. Is still considered a startup even though it recorded various achievements in innovation and artificial intelligence making it a dominant in technological advancement worldwide.
With the launching of advanced models like GPT-4 and DALL·E 3, the company managed to improve various industries such as education, healthcare, and software development.
In 2024 its image generation model called DALL·E 3, had some great improvements, with advanced text-to-image generation software, this software is able to provide high-quality visuals based on user prompts.
The most recent OpenAI funding round was almost 3 months ago, in October when the company secured $6.6 billion which raised its valuation at $157 billion.
Perplexity AI
Perplexity AI is a search engine powered by Artificial Intelligence that uses natural language models in order to provide responses to user’s prompts. The company successfully built a loyal user base in a short period of time due to its capability of offering narrative responses similar to conversations.
Founded in 2022 with a San Francisco base, the company successfully secured recently a $500 million funding round which raised the Perplexity AI valuation at $9 billion. At the beginning of the year, the company’s valuation was around just $520 million. But as time passed, Perplexity grew in valuation due to various funding rounds, with the most significant investment from SoftBank Group Vision Fund 2 in June this year.
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Cohere Health
Represents a tech startups which gained popularity in 2024 due to its impressive approaches in healthcare management. Cohere Health is able to provide healthcare and artificial intelligence capabilities in order to address potential issues in clinical-decision making and care delivery.
Cohere AI platform uses machine learning to review patients' data and also make recommendations based on their previous medical treatments, methods, and remedies that would be the most effective for them.
In the series B funding round, Cohere Health secured $50 million in equity in order to fulfill the industry demand for automating the authorizations in health insurance plans. This funding round was guided by top investors who were focused on healthcare along with artificial intelligence innovation.
Wiz
Wiz represents a startup focused on the cybersecurity industry, especially in cloud-securing environments. The company tries to maintain robust security across complex cloud infrastructures, by offering complete cloud security solutions in order to let businesses secure all their cloud environment without slowing down the overall workflow.
Founded in 2020 with a New York City base, Wix has recently rejected an impressive acquisition offer from the giant Google of about $23 billion. Instead, the startup shifts its attention to pursuing an IPO soon.
Their technology has become more popular recently among some of the largest global companies and enterprises due to Wiz's ability to offer a deep understanding of all the cloud security risks which convinced various companies to adopt the Wiz techniques.
Seems that 2024 has truly been a remarkable year for startups, with impressive funding rounds and revolutionary innovations. These companies are most likely to share the future of technology in many industries like AI, healthcare, and others.
By
Eva Robinson
•
December 23, 2024 5:10 PM
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