Funding Sources for AI Startups

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Artificial Intelligence (AI) is a hot topic in the tech world. Not only are many businesses springing up across industries to build client-specific solutions, but AI is also attracting investors, venture capital funds, and journalists interested in keeping up with and contributing to the latest breakthroughs and innovations.

Several institutions that invest in AI firms, such as angel investors, incubators, and accelerators, can easily provide early-stage funding.

Alexa Accelerator

The Alexa Fund founded the Alexa Accelerator, a startup accelerator. It is based on the conviction that voice recognition will revolutionize how we interact with technology. Startups selected for this program attend a 13-week program in Seattle where they collaborate with technologists and executives from companies such as Amazon and TechStars. Startups will receive US$100,000 in investment and US$20,000 in exchange for 6% equity after being accepted in convertible notes.

Bosch DNA

Bosch DNA focuses on deep learning, artificial intelligence, and machine learning businesses. The program is 18 weeks long, and firms that have already obtained investment are welcome to apply.

Creative Destruction Lab

It guides entrepreneurs on how to get off the ground, develop viable market strategies, and navigate legal and accounting business processes. It’s a program for technology startups in the early stages of development.

Cyber Launch

CyberLaunch invests between $20,000 and $100,000, depending on the stage of the enterprise, and introduces the investors. Other incentives include deferred legal expenses, coworking space, AWS credits, and an additional $100,000 in cash.

Eonify

It helps entrepreneurs with health-related projects construct their products and develops senior health and wellness personal AI assistants for their use. Eonify makes use of NASA/JPL technology.

Deep Science Ventures

It is a venture builder for scientists and engineers at all stages of their careers, as the name implies. Deep Science Ventures invests 50,000 pounds for a 10% equity position as soon as the firm meets the DSV investment criteria. Following that, promising teams can receive a follow-up investment of 50,000 pounds in convertible notes.

Founders Factory

Every year, Founders Factory collaborates with or develops selected AI firms as part of their acceleration program. They are offering 30,000 pounds in cash and 220,000 pounds in services, including a desk at the Founders Factory Kensington hub and access to exclusive sessions. Overall, this is a rigorous 6-month program that is tailored to each startup’s objective and handled accordingly.

IBM Alphazone

IBM Alphazone is a 20-week program that helps businesses develop market-leading solutions. Only firms with post-seed and Round A funding who wish to form long-term tech and business ties with IBM can apply. A grant of up to US$25,000 will be awarded to only three businesses.

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