The Omdena “Impact Tech Startups Series” is comprised of game-changing startups. stories, and thought-leadership pieces from leading impact ventures solving real-world problems.
2022 has just started but here is already a list of 20 rising AI for Good changemakers.
What is AI for Good?
AI for Good is a movement that places a focus on purpose along with profits as AI-based companies conduct their business activities. With the right mindset, AI-based organizations and startups are able to provide their services with the intention to make the world a little bit better, safer, healthier, and inclusive. AI has often been perceived as a technology that is disruptive, and often fear-driven; however AI for Good aims to incorporate digital transformation into the positive transformation of humanity and the planet by building inclusive and ethical solutions.
Below is a list of AI-driven startups on the mission to make this vision a reality.
20 Rising Startups Leveraging Artificial Intelligence for Good
The Andiamo Treatment Platform includes a range of digital and non-digital tools for a better family and clinician experience, including the Avanti platform which uses AI and digital twin simulation to design personalized treatments.
Andiamo’s initial Treatment Range allows the clinician to use the Andiamo Tools and Avanti platform to digitally create a personalized prescription, an AI digital twin that simulates the prescription outcome and its designs. Also, by using additive manufacturing, they manufacture and fit a treatment called an ankle-foot orthosis.
Athena is a modern security provider that provides smart surveillance systems. In a world where threats can vary from biological to physical, it is important to ensure that organizations are covered from all perspectives. Athena provides security protection in the form of a series of packages.
These include: Temperature Checking, Gun Detection, and Concealed Weapons Detection. The best form of protection is always hidden, and many organizations such as casinos, grocery stores, department stores, and any place where crowds gather are covered.
Funding: $5.5M in seed funding led by Pathfinder
ReSpo Vision is an AI Company that is dedicated to advancing the sporting industry. Their top-notch Computer Vision and Machine Learning algorithms can watch any football game recorded by a single TV camera and harvest detailed 3D tracking data of 20+ body parts of all players and the ball, 60 times per second.
ReSpo Vision utilizes video technology with the ability to pool vast quantities of video data, multiple functions such as full 3-D optical tracking of players, performance assessments, insights and recommendations can be made.
Acoustic epidemiology is the next frontier in healthcare. Coughs, sneezes, wheezing, snoring, sniffles, hoarse speech. These sounds contain essential diagnostic information for physicians. Equally informative are subtle changes over time which indicate the onset of an illness, its convalescence, its long-term impacts, and the risk of future outcomes.
Hyfe is an acoustic AI that runs on any phone and detects and classifies coughs. It is the most sophisticated AI cough classifier on the market, used daily by researchers, medical professionals as well as thousands of regular people all over the world.
Funding: Post-seed round and currently raising Series A
Deep Medical Therapeutics is a medical technology company that builds and deploys artificial intelligence (AI) solutions that optimize healthcare for Africa. The organization uses its solutions to empower African governments, clinicians, scientists, and pharmaceutical companies to gain insights into and treat new and existing diseases across Africa.
RightHear is an advanced accessibility solution that uses a unique three-component technology to help grant blind and visually impaired individuals the independence they deserve by providing them with tools to better orient themselves in public spaces. RightHear’s vision of making the world more accessible to all individuals is closer than ever before, with nearly 3,000 accessible spots in over 600 venues (and counting) across the globe.
RightHear is a free app available for its users on both iOS and Android.
Funding: Non-Equity Assistance
Hazen solutions use computer vision to power smart algorithms that have the ability to intelligently analyze images and understand the content. Functions include Comprehensive Monitoring, Advanced Technology, and other functions designed to ensure safety on the roads. Custom solutions. Hazen has developed AI-powered camera analytics, rather than expensive RADAR or LiDAR deployments.
With camera systems that can forecast various traffic scenarios, the advantage of predicting and avoiding scenarios such as traffic pile-ups or any other adverse conditions will be gained by using Hazen’s technology.
Funding: Seed funding from Saudi Aramco’s VC arm Wa’ed
8. Rhino Health
Rhino Health’s platform allows healthcare AI developers and medical researchers to seamlessly access diverse and disparate datasets and use them to create better AI algorithms. Simple and scalable data access accelerates the creation, validation, and improvement of AI models that drive efficiency and improve outcomes across the healthcare industry.
Rhino Health’s approach is grounded in federated learning, making it possible for developers and researchers to collaborate across academic medical centers and researchers without ever moving data, transferring ownership, or risking patient privacy.
Funding: $5 million in Seed funding led by LionBird Ventures
9. Latitudo 40
Latitudo 40’s technology is designed for global resilience and utilizes data science for the planet’s health and future. Latitudo 40’s technology allows you to identify KPIs for environmental sustainability and ESG policies and quickly track the progress achieved.
Funding: $1.1 Million in Pre-Seed Funding
In a world where patients still die because they get diagnosed too late or receive ineffective treatments, something needs to be done. Quibim tackles this head-on with Quibim Precision®, the whole-body imaging ecosystem that understands every body part. Quibim unveils the human body in its intricacies and uniqueness to detect disease signatures and monitor biological systems with the highest resolution – allowing the deconstruction and reconstruction of the entire body. Quibim mines medical images to extract critical and often evasive health indicators: quantitative imaging biomarkers.
Funding: €8m to develop its Covid-19 detection software in a seed funding round co-led by Amadeus Capital Partners and Adara Ventures, with participation by Apex Ventures, Partech, Crista Galli Ventures, and existing shareholders, including Tech Transfer UPV
Through AI-powered computer vision software, Greyparrot provides in-depth data insights to stakeholders in the resources and waste sector – giving them vital information they have previously not been able to access.
Greyparrot’s systems are designed to automate waste composition analysis at MRFs, PRFs, and other reprocessors. Greyparrot’s AI Waste Recognition System is deployed globally on moving conveyor belts in sorting facilities, to automate waste composition analysis to monitor, audit, and sort large waste flows at scale.
Funding: Seed funding – £1.825 million (~$2.2M)
12. Dyad Medical
Dyad’s software applications support both treatment decision-making in the clinic and analysis in research, enabling researchers to optimize observations and conclusions. Dyad’s AI for Good initiatives involve: substantially decreasing misdiagnosis and expert disagreement, minimizing healthcare costs by making Dyad’s Automated Algorithms a part of the diagnosis workflow, and providing universal access to expert-level diagnosis.
Funding: $3.5 million in seed funding
Video is one of the most prevalent mediums for communication. Data mining has enabled data to be extracted from pools of information available via the internet. Hundreds of companies are now extracting more value from their video systems with Calipsa tools, and advanced video analytics for real-time security and forensic analysis.
Funding: $1.5 million Seed Funding
14. Monk AI
Monk AI provides Powered Vehicle Inspection that brings meticulous automated vehicle inspection reports. Monk AI`s services include: automated car reports, automatic vehicle inspection, normalization of vehicle inspection data, and access to collision damage estimates.
Funding: $2.4 million in three rounds. The latest funding is Non-Equity Based Assistance
Animals.ai is one of the rising high-tech startups in the Öresund region, Sweden. The organization’s vision is to empower the livestock industry through AI & IoT solutions. Animals.ai are experts at developing algorithms based on computer vision and animal behaviors. Animals.ai offers AI services that can turn dummy cameras into intelligent assistants that look after animals 24/7 and interpret their body language to insight reports real-timely.
Animals.ai believes in a world where all farm animals have the opportunity to express their natural behaviors, and to spend as much time as possible outdoors, living good lives.
16. Rocket Doctor
Rocket Doctor is a digital health marketplace bringing an advanced doctor’s office into patients’ homes. The company provides a secure, cloud-based, turn-key platform allowing physicians to quickly and easily launch and operate their own independent virtual clinics.
Rocket Doctor offers patients at-home, same-day, 24/7 access to fully-licensed, board-certified MDs within a few simple clicks. Services are currently available to residents in California, Ontario, Alberta, and BC.
Funding: $3.8 million in funding with $1.1 million of pre-seed funding
AiCare is an intelligence-driven data science company focused on mobility. The organization turns motion data into usable insights that provide more personalized engagements leading to safer, more sustainable mobility experiences.
AiCare solutions improve driver awareness, reduce accidents, and prevents accidents before they happen.
Funding: Undisclosed. Funding is acquired via private investors.
Exheus is a solution that analyzes the expression of genes using Artificial Intelligence to determine what happens in our body at a certain moment,
Through the extraction of blood samples, the sequencing of the RNA, and the subsequent treatment of the data, a dashboard is generated with all the information regarding the alteration of the metabolic pathways related to the performance, nutrition, and health of the individuals analyzed.
Funding: Undisclosed. Combination of Grants, Angel Investor Funding, and Accelerator funding.
Bankuish works to improve the lives of freelancers and gig workers by providing a path to full financial inclusion. The organization is bridging the gap between gig workers and financial institutions. Bankuish´s platform allows users to leverage their work history to demonstrate their creditworthiness and access pre-approved loans and other financial services.
Users can also use their app to grow their credit scores and reach their financial goals. Bankuish helps to de-risked the process of lending to gig workers for traditional banks, allowing them to discover new customers, improve customer relationships, and increase productivity.
Funding: Undisclosed. Pre-Seed
20. MixCare Health
MixCare Health is a health tech SaaS solution targeting the well-being of employees. The organization’s vision is to provide a digitalized, affordable, and flexible well-being solution for companies, hence the employees to drive their own engagement and health. MixCare Health is a Cyberport incubated startup supported and funded by the HKSAR government.
MixCare Health helps to improve the health of employees and increase productivity.
AI for Good is just starting
AI for Good is not stoppable as humankind and thus entrepreneurs, as well as impact investors, realize that the only way forward is to build an inclusive world.