26 Innovative Edge AI Companies You Should Know in 2024

Here is a list of 26 lead Edge AI for good companies to watch who are making a positive impact on society.  

The Omdena “AI Adoption Leaders Series” comprises game-changing startups, stories, and thought-leadership pieces from leading impact ventures solving real-world problems using AI.

Introduction

The edge AI market is growing rapidly and is expected to continue to grow in the coming years. The exact size of the market can vary based on the source and methodology used to estimate it, but it is generally agreed to be a multi-billion dollar industry. According to a report by MarketsandMarkets, the edge AI market was valued at $2.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 32.3% from 2021 to 2026, reaching a market size of $13.5 billion by 2026. The growth of the edge AI market is driven by the increasing demand for low-latency and real-time processing, particularly in industries such as industrial IoT, automotive, and surveillance.

In this blog post, we will take a look at the top Edge AI companies you should keep an eye on in 2024. Edge AI companies, which not only are leading technically but also generate a positive impact on the world. 

What is edge AI? How does edge AI work?

Edge AI enables real-time decision making, reduces latency, and conserves bandwidth by performing data processing and analysis at the edge of the network, rather than in a centralized data center or cloud. The edge AI market is growing rapidly due to increasing demand for low-latency and real-time processing, particularly in industries such as industrial IoT, automotive, and surveillance. Some of the key players in the edge AI market include NVIDIA, Intel, Google, Microsoft, and Amazon.

These solutions leverage advances in computer vision, deep learning, natural language processing, robotics, and other AI technologies to give machines the ability to interpret and react to their environment in real-time. By combining these technologies with edge computing, edge AI solutions can process data quickly and accurately, enabling a range of applications from healthcare to smart cities.

What are examples of edge AI?

There are several edge AI companies and startups that are developing innovative solutions for businesses. Google, Amazon, Microsoft, Facebook, Apple, Alibaba, Baidu, Salesforce, Intel, and IBM are all leading-edge AI companies pushing this technology’s boundaries. 

Google has invested heavily in the development of edge AI technology with its Edge TPU chips and ML Kit platform. Amazon is also an important player in the edge AI space, with its AWS DeepLens offering that helps developers build and deploy computer vision applications quickly and easily. Microsoft is one of the largest providers of edge AI solutions and provides Windows ML, which can be used to deploy models on any device with Windows 10. 

Facebook is another major player in edge AI, offering tools such as PyTorch Mobile, a library of pre-trained models and easy-to-use APIs for deploying machine learning models on mobile devices. Apple has been making strides in edge AI with Core ML and its suite of tools for building intelligent apps. Alibaba is also a major player in the edge AI space, offering the X-Brain platform for edge computing. 

Baidu has developed the DeepBench platform to benchmark AI performance across different devices. Salesforce is focused on using edge AI to power customer engagement platforms, and Intel has developed an AI developer kit to enable developers to build powerful edge applications. Finally, IBM has released its PowerAI Edge platform to help developers deploy deep learning applications at the edge.

26 Leading Edge AI for Good Companies to Watch in 2023

Enjoy these amazing top edge AI companies. The order does not follow a ranking. 

1. Feelit Technologies

Feelit is a company that specializes in developing and providing innovative sensing solutions. These solutions allow for real-time insights, giving manufacturers the power to revolutionize the way they manage their essential assets. This technology is instrumental and can make a massive difference in how businesses function. Feelit™ is dedicated to providing its customers the best possible sensing solutions, allowing them to stay ahead of the competition.

• Founder(s): Meital Segev-Bar and Gady Konvalina
• Founding year: 2017
• Headquarters: Yokneam Ilit, Israel
• Funding: Series A

How do you measure impact?

Feelit is an Industry 4.0 company operating in the field of Predictive Maintenance, which is integral for sustainable smart manufacturing and better-supporting value creation. Feelit automatically alerts of upcoming failures in real-time, preventing unscheduled downtime and contributing to the efficient use of resources by ensuring optimum system availability.

Feelit’s Nanotechnology Structural Sensor is a cutting-edge technology that combines a printed ink-based nano-sensing technology sticker sensor with a wireless edge device. These unique AI nano-sticker sensors can sense structural changes at a very high resolution, providing data analytics insights that increase production efficiency. One of the key advantages of this technology is its zero downtime, plug-and-play installation, and non-intrusive nature as it is positioned on the outside of the structure but can sense the inside.

By offering the unique solution we provide, we contribute to reducing unplanned downtime, product loss, energy loss and waste material loss, inefficient operations, safety incidents, and environmental damage. We determine our success based on the data found in our customers’ dashboards, as preventing just one instance of it is already a success. Each is reviewed based on ROI, ESG, and Sustainable Development Goals.

Through close relationships and successful collaborations with customers and partners, we can be more accurate and better every day.

2. Elroy Air

Elroy Air is a logistics company that specializes in the fields of logistics, robotics, and air transportation. The company provides air cargo transportation, logistics management, and robotic automation services. Elroy Air has a team of experienced professionals dedicated to providing their clients the best possible solutions. They have the knowledge and expertise to ensure that their customers receive the highest quality of service. They also use the latest technology to ensure that their services are efficient and cost-effective.

• Founder(s): Clint Cope, David Merrill
• Founding year: 2016
• Headquarters: San Francisco, California, United States
• Funding: Series A

3. BeeBryte

BeeBryte is a leading provider of innovative remote operation and maintenance services (O&M) for heating, cooling, and refrigeration systems (HVAC-R) in commercial buildings and factories. Their services are designed to help businesses reduce energy costs, improve operational efficiency, and reduce environmental impact. BeeBryte’s O&M services provide a comprehensive suite of solutions that enable businesses to monitor, manage, and optimize their HVAC-R systems from any location. 

• Founder(s): Frederic Crampe, Patrick Leguillette
• Founding year: 2015
• Headquarters: Singapore, Central Region, Singapore
• Funding: Venture – Series Unknown

4. Omniflow

Omniflow is a company that provides sustainable smart city solutions. Their solutions are designed to help cities become more efficient and sustainable while also providing citizens with access to the latest technology. They offer a wide range of services, including energy management, water resource management, waste management, and urban mobility.

• Founder(s): Pedro Ruão
• Founding year: 2012
• Headquarters: Porto, Lisboa, Portugal
• Funding: Non-equity Assistance

How do you measure impact?

Omniflow Smart IoT Lamppost powered by wind and solar transforms a regular street light into a sustainable smart infrastructure ( 90% lower power consumption )  capable of housing multiple added-value applications like 5G, Computer Vision, and air quality monitoring.

We use AI on the edge to collect/analyze data from multiple sources and make decisions with very low latencies. One of the applications is related to traffic and pedestrian safety, analyzing dangerous interactions and taking measures to avoid collisions.

Our impact is lowering the CO2 footprint of street lights, using them to provide an extra layer of safety and information for urban environments.

5. Small Robot Company

We are revolutionizing farming with an innovative, low-cost service of autonomous, precision agri-robotics. This service will create a healthier, more efficient, and sustainable future for agriculture. By using autonomous robots, farmers will be able to reduce labor costs, increase crop yields, and reduce the amount of water and fertilizer used. Additionally, precision agri-robotics will enable farmers to monitor and track their crops, making more informed decisions and optimizing their farming practices. 

• Founder(s): Ben Scott-Robinson, Sam Watson Jones
• Founding year: 2017
• Headquarters: Salisbury, Wiltshire, United Kingdom
• Funding: Seed

How do you measure impact?

Outcomes, not technological advances, will define the Fourth agricultural revolution. Farming is seeing a transformational change. A switch from a decision-making system that relies on individually accumulated knowledge and experience to layered, data-driven decisions. The innovations that will have a real impact will focus on outcomes. Technological success is only meaningful by bridging the gap between data collection and generating actionable insights. Insights have real value to farmers today.

At Small Robot Co, our Per Plant Farming model will be revolutionary. By geolocating every crop plant or weed, we can provide field-scale actionable insights at a plant level. Our team will make ground-breaking advances in the collection and granularity of that data. Yet our true success will be measured in accessibility, value, and ultimately outcomes for our farmers.

6. Pickle Robot Company

Pickle Robot is a revolutionary new robot that is designed to help streamline the e-commerce supply chain. It is a low-cost, collaborative package-handling robot that automates several vital tasks, such as sorting, labeling, and packing packages. This robot is designed to help reduce labor costs and increase efficiency in the supply chain, making it easier for businesses to keep up with the demands of the modern e-commerce market.

• Founder(s): Andrew Meyer, Dan Paluska
• Founding year: 2018
• Headquarters: Cambridge, Massachusetts, United States
• Funding: Series A

7. Trueface

Trueface is a company that uses computer vision technology to analyze camera streams. This technology allows businesses to identify patterns and make decisions based on those patterns quickly. Trueface’s technology is beneficial for businesses that need to make decisions rapidly and accurately. With Trueface, businesses can make decisions in real-time, allowing them to respond quickly to changing conditions.

• Founder(s): Nezare Chafni, Shaun Moore
• Founding year: 2014
• Headquarters: Santa Monica, California, United States
• Funding: Series A

8. Parallel Systems

Parallel Systems is a startup company with a mission to revolutionize the way people travel. Focusing on intermodal transportation, they are developing innovative solutions to make transportation more efficient, safe, and cost-effective. Their goal is to create a system that seamlessly connects different modes of transportation, allowing users to switch easily from one to another. By utilizing cutting-edge technology, Parallel Systems is working towards a future of transportation that is more sustainable and accessible for everyone.

• Founder(s): Ben Stabler, Brian Ignaut, John Howard, Matthew Soule
• Founding year: 2020
• Headquarters: Los Angeles, California, United States
• Funding: Series A

9. Phiar

Phiar’s Ultra-lightweight Spatial AI Engine is an innovative technology that enables vehicles to perceive their surroundings in a more efficient and accurate way. This engine powers our first use case in AR Navigation, which provides drivers with an augmented reality view of their environment. This advanced technology helps drivers to navigate more safely and accurately, while also providing them with a more immersive driving experience.

• Founder(s): Chen-Ping Yu, James Briscoe, Xinyu Li
• Founding year: 2017
• Headquarters: Redwood City, California, United States
• Funding: Series A

10. Neuron soundware

Neuron soundware is an Artificial Intelligence (AI) company that specializes in sound recognition technology for predictive maintenance. They use sound recognition to detect and diagnose problems in machinery, enabling predictive maintenance to be conducted before a breakdown occurs. This helps to reduce the cost of maintenance and repairs and can also help to prevent costly downtime. 

• Founder(s): Pavel Konecny, Petr Cernohorsky, Tomas Vacek
• Founding year: 2016
• Headquarters: Prague, Hlavni mesto Praha, Czech Republic
• Funding: Series A

11. Asylon Robotics

Asylon is a unique company that offers a full-service robotic perimeter security solution. Combining the power of air and ground robots, Asylon is the only company that provides a comprehensive security system that can detect and respond to threats quickly and efficiently. With their cutting-edge technology, Asylon is revolutionizing the way perimeter security is handled, providing a reliable and cost-effective solution to protect businesses and homes.

• Founder(s): Adam Mohamed, Brent McLaughlin, Damon Henry
• Founding year: 2015
• Headquarters: Philadelphia, Pennsylvania, United States
• Funding: Seed

12. Ambi Robotics

Ambi Robotics is an AI and robotics company that is dedicated to developing solutions that can help to scale e-commerce operations while also empowering humans to work smarter and more efficiently. Their mission is to create innovative products that can automate mundane tasks, allowing businesses to focus on their core competencies and become more productive. The company is constantly researching and developing new technologies and applications that can be used to improve the efficiency of e-commerce operations. 

• Founder(s): David Gealy, Jeff Mahler, Ken Goldberg, Matt Matl, Stephen McKinley
• Founding year: 2018
• Headquarters: Berkeley, California, United States
• Funding: Series A

13. Chooch

Chooch is a powerful AI platform that helps businesses build and run the most effective Computer Vision applications. By using Chooch’s AI technology, cameras can become intelligent and help to increase productivity and revenues, while also reducing operational costs. Chooch is the perfect solution for businesses looking to get the most out of their cameras and make the most of their AI investments.

• Founder(s): Emrah Gultekin, Hakan Gultekin
• Founding year: 2015
• Headquarters: San Mateo, California, United States
• Funding: Grant

14. Snips

Snips is an artificial intelligence voice platform that operates on the edge, meaning that all voice data is kept on the device and not sent to the cloud. This allows for improved privacy and security, as well as faster response times. Snips use natural language processing to understand commands and respond to them, making it a powerful tool for voice-enabled applications. With its ability to run on the edge, Snips is a great choice for those looking for a secure, private, and fast AI voice platform.

• Founder(s): Mael Primet, Michael Fester, Rand Hindi
• Founding year: 2013
• Headquarters: Paris, Ile-de-France, France
• Funding: Seed

15. Copper Labs

Copper Labs is an innovative company that has developed a revolutionary way to access real-time data from existing electric, gas, and water meters. This is done wirelessly and is significantly less expensive and time-consuming than traditional smart meter deployments. With their technology, companies can quickly and easily access the data they need to make informed decisions about their energy usage.

• Founder(s): Andrew Zimmer, Dan Forman, Jeff Mathews, Michael Russo
• Founding year: 2016
• Headquarters: Boulder, Colorado, United States
• Funding: Series A

16. Scythe Robotics

Scythe is a robotics company that specializes in developing autonomous machines for maintaining off-road environments. Their machines are designed to be able to navigate any terrain with ease, while also being able to detect and avoid obstacles. The company is constantly innovating and improving their technology to ensure that their machines are able to perform their tasks efficiently and effectively. 

• Founder(s): Davis Foster, Isaac Roberts, Jack Morrison
• Founding year: 2018
• Headquarters: Longmont, Colorado, United States
• Funding: Series B

17. Cleverciti

Cleverciti is a revolutionary company that is transforming the way people park. With their innovative technology, they are turning the daily nightmare of searching for a parking space into a stress-free and predictable experience. Cleverciti’s cutting-edge solutions are designed to make parking easier and more efficient for everyone. With their advanced sensors, they can provide real-time information about available parking spots and help drivers save time and money. 

• Founder(s): Konrad Prinz-Dreher, Thomas Hohenacker
• Founding year: 2012
• Headquarters: München, Bayern, Germany
• Funding: Series A

18. OnAsset Intelligence

OnAsset Intelligence is the global leader in supply chain asset management, providing innovative solutions to help companies monitor, manage, and optimize their supply chain assets. OnAsset Intelligence’s solutions are designed to help companies increase visibility, reduce costs, and improve operational efficiency. With their cutting-edge technology, they are able to provide customers with real-time asset tracking, data analytics, and predictive analytics. 

• Founder(s): Adam Crossno
• Founding year: 2002
• Headquarters: Irving, Texas, United States
• Funding: Venture – Series Unknown

19. C2RO 

C2RO is a cutting-edge video analytics company that specializes in providing privacy-aware solutions for physical retail, mall, smart city, and enterprise markets. They use proprietary edge-cloud AI technology to help customers gain valuable insights into their operations and customer behavior. C2RO’s solutions are designed to be secure, efficient, and cost-effective, making them an ideal choice for businesses looking to maximize their potential. 

• Founder(s): Brian Moore, Soodeh Farokhi
• Founding year: 2016
• Headquarters: Montréal, Quebec, Canada
• Funding: Non-equity Assistance

20. Cartken

Cartken is an innovative platform that helps to make communities more connected by bridging the distance between customers and the local businesses they love. By connecting customers and businesses through a digital platform, Cartken helps to create a more connected community, allowing customers to access local businesses quickly and easily. Additionally, Cartken allows businesses to reach out to their customers and build relationships with them, creating a more vibrant and connected community. 

• Founder(s): Anjali Naik, Christian Bersch, Jake Stelman, Jonas Witt
• Founding year: 2019
• Headquarters: Oakland, California, United States
• Funding: Seed

21. Moon Surgical

Moon Surgical is a company that is dedicated to revolutionizing the way surgery is performed. Their mission is to provide surgeons with the latest in computer vision, haptics, and robotics technology to make surgical procedures more precise and efficient. By utilizing these cutting-edge technologies, Moon Surgical hopes to make surgery safer and more successful for patients while also providing surgeons with the tools they need to perform complex procedures with greater accuracy. 

• Founder(s): Brice Gayet, Pierre Campredon
• Founding year: 2019
• Headquarters: Paris, Ile-de-France, France
• Funding: Series A

How do you measure impact?

At Moon Surgical, we are creating an entirely new category of robotic surgery. One that not only changes the scale at which robotics are used but also improves workflow efficiencies for providers and delivers better quality of care for patients. As for any medical technology, we run clinical trials to assess the impact of using our platform in the operating room for all stakeholders: the patient, the surgeon, and the staff. For instance, we measure procedure duration, surgeon fatigue, and staff requirements. We find that our unique, data-driven, and surgeon-centric approach enables faster throughput while preserving human resources and surgeon happiness.

22. Olis Robotics

Olis Robotics is a leading robotics company that specializes in providing robotic systems to businesses and organizations. Their robotic systems are designed to help automate processes, reduce costs, and improve efficiency. They offer a wide range of robotic systems, from simple robotic arms to more complex, multi-function robots. The company has a team of experienced engineers and technicians who are dedicated to providing the best robotic solutions for their customers. 

• Founder(s): Fredrik Ryden
• Founding year: 2013
• Headquarters: Seattle, Washington, United States
• Funding: Venture – Series Unknown

23. Ride Vision

Ride Vision is an advanced rider assistance system (ARAS) designed to help prevent motorbike accidents. It uses advanced computer vision and AI algorithms to detect potential hazards on the road and alert the rider in real-time, without distracting them from their focus. By providing riders with this additional layer of safety, Ride Vision hopes to reduce the number of motorbike accidents and ultimately save lives.

• Founder(s): Lior Cohen, Uri Lavi
• Founding year: 2018
• Headquarters: Herzliya, Tel Aviv, Israel
• Funding: Series A

24. Mobius Labs

Mobius Labs provides an easy way to integrate superhuman computer vision into applications, devices, and processes. With their innovative technology, users can quickly and easily add powerful computer vision capabilities to their projects. This technology can be used to detect objects, recognize faces, and even read text. Mobius Labs makes it easy to add superhuman computer vision to any application, device, or process, allowing users to develop more sophisticated and efficient solutions.

• Founder(s): Appu Shaji, Dominic Ruefenacht, Hicham Badri
• Founding year: 2018
• Headquarters: Berlin, Berlin, Germany
• Funding: Series A

25. Falkonry

Falkonry is an AI-based platform that enables plant operators to make smarter operational decisions. It uses AI to detect and act on events that could have a negative impact on operations. Using Falkonry, operators can quickly identify problems and take corrective action before becoming more serious. This helps to ensure that plants run smoothly and efficiently while reducing the risk of costly downtime.

• Founder(s): Nikunj Mehta
• Founding year: 2013
• Headquarters: Cupertino, California, United States
• Funding: Venture – Series Unknown

26. EMVision Medical Devices

EMVision (ASX:EMV) is an innovative medical device company that is dedicated to developing portable electromagnetic microwave imaging solutions. These solutions are designed to provide medical professionals with a more accurate and efficient way to diagnose and treat a wide range of medical conditions. EMVision’s technology has the potential to revolutionize the medical imaging industry, offering a cost-effective way to improve patient outcomes. 

• Founder(s): Scott Kirkland
• Founding year: 2017
• Headquarters: Macquarie Park, New South Wales
• Funding: Venture – Series Unknown