Best Startup
As UK continues to forge its reputation as a global tech hub, startup companies, especially in Oxford, are having a significant influence particularly in the Artificial Intelligence sector. This article introduces a selection of startups that have made their debut since 2020, and which deliver innovative solutions, carving out a new future for the realm of AI and associated industries. From revolutionizing financial services, improving online security, to leveraging machine learning in healthcare, these startups have shown substantial promise in a very short period.
Oxford has always been a leading city when it comes to innovation and research, largely due to its world-renowned university. The burst of startup activity in recent years is a testament to the city’s ability to foster an entrepreneurial atmosphere, conducive to nurturing startups. Specifically, the surge in AI-focused startups shows Oxford’s prowess at being at the cutting edge of digital transformation.
The companies showcased herein are not only tipped to be leaders in their respective sectors, but also key players in shaping the future of technology in the UK and beyond. Here are some startups to look out for:
Salience Labs
Founded by Harish Bhaskaran, Johannes Feldmann, Vaysh Kewada, and Wolfram Pernice, Oxford-based startup Salience Labs is working on the development of a hybrid photonic-electronic chip that is designed to optimise AI inference. Its technology is the culmination of years of research between Oxford University and the University of Münster, Germany. Although in its early stages, the firm is already making waves in the AI, Information Technology, Machine Learning and Software industries.
Coding.bio
Coding.bio is a promising startup in the field of Artificial Intelligence, Biotechnology, Life Science, Machine Learning, and Therapeutics. The firm was founded by Simon Bornschein. While the details of their specific projects are still under wraps, their stated goals and industry focus suggest exciting things on the horizon for this Oxford startup.
Ribbit.ai
Ribbit.ai, co-founded by Shawn Princell, has been making a name for itself in the realms of Artificial Intelligence, Fintech and Financial Services. With precision and modern banking insight, Ribbit.ai is on a mission to enhance financial service providers’ decision-making capabilities, and ultimately, further financial inclusion and reduce fraud.
PhishAR
Co-founded by Ivan Martinovic and Ivo Sluganovic, PhishAR is a computer network and security company. They leverage AI and augmented reality to identify and report fraudulent online emails, websites and transactions, thereby helping users secure their online activities.
Ribbit AI
Fintech startup Ribbit AI, founded by Kenneth Thompson, operates on a similar mission as Ribbit.ai under Shawn Princell. The company leverages AI to analyse banking behaviour to empower financial service providers in making smart decisions, reducing fraud and promoting financial inclusion.
Aligned AI
Aligned AI is back to basics, developing the power to identify the features that explain classification and train a different classifier for each. Even without identified founders, this startup is driving innovation in the Artificial Intelligence, Product Research, and Software sectors.
Institute for Ethics in AI
The Institute for Ethics in AI works to address the ethical challenges and opportunities posed by artificial intelligence to democracy. While it might not be a traditional startup, its aim and purpose make it a noteworthy entity in the AI community.
Oxford Onco-Therapeutics
Oxford Onco-Therapeutics is revolutionizing personalized medicine. Founded by Ashwin Nandakumar, the startup empowers oncologists to predict the most suitable treatment for each patient’s specific cancer via a data-driven approach.
Lumai
Lumai is another noteworthy AI startup based in Oxford. It is dedicated to delivering fully optical computing for a quicker, smarter and more sustainable world. The company stands at the nexus of photonics and machine learning, setting the trend for upcoming trends in the AI industry.
