59 generative AI startups in YC's latest cohort are disrupting software engineering, sales, data & analytics, and more
Image credits : CBINSIGHTS
In the Winter 2023 batch of Y Combinator, generative AI startups have taken center stage. With 59 generative AI-focused startups, they make up 22% of the 272 companies in the cohort, showing a significant increase from the Summer 2022 batch, which had only 11 generative AI-focused startups.
Garry Tan, Y Combinator’s president and CEO, described generative AI as "the new frontier" in a recent interview with Forbes. The startups in this cohort are primarily focused on bringing this cutting-edge technology to the enterprise sector.
Some of the most promising use cases for generative AI in the enterprise include leveraging AI chatbots for sales (e.g., Lightski) and customer support (e.g., Kyber) teams. Other startups in the cohort, such as Stack AI, provide tools for enterprise developers to build their own large language model (LLM) applications.
Using data from CB Insights, we can see how these generative AI startups span categories like engineering, sales, data & analytics, marketing, and more. The Winter 2023 batch showcases the potential for generative AI to revolutionize multiple facets of the business world.
Key players from this cohort include:
Lightski: develops chatbots for businesses. The platform offers customer relationship management (CRM) solutions. It was founded in 2023 and is based in San Francisco, California. Source
Kyber: provides chat generative pre-trained transformer (ChatGPT) for enterprise support teams. It instantly respond to questions from customers. It was founded in 2022 and is based in New York, New York. Source
Stack AI: provides large language models (LLMs) building software platforms. It allows users to collect, label, clean data, fine-tune, compose, and deploy LLM applications in one place. The company was founded in 2022 and is based in Cambridge, Massachusetts. Source
This rapid growth in generative AI startups within Y Combinator's cohort indicates that the technology is on the verge of becoming mainstream. As more businesses adopt AI solutions, generative AI will likely continue to play a significant role in shaping the future of the enterprise. Source