Success! You're on the list.

Success! You're on the list.

Beyond ChatGPT: From text to health, meet AI startups shaking up Open AI dominance

ChatGPT Rivals

ChatGPT unveiled in November last year is creating ripples in the market. The primary reason for the traction created by ChatGPT is its ability to write term papers and poetry, generate computer code, and answer questions. ChatGPT, the company’s overnight success, has emerged as the gold standard in AI chatbots. It has been designed to be as helpful as possible to a wide audience that spans industries and lifestyles.

The downside is that its success could be a double-edged sword. OpenAI’s AI tool has proven to be against privacy rules and regulations and this could make it unlikely to dominate the field forever, thereby leaving a giant opening for competitors to make their move. To fill this gap, several tech companies are working tirelessly to come up with their own version of generative AI. To mention a few, tech biggies, including Google, Elon Musk, Meta, Alibaba, and others are working on the OpenAI tool killer.

Several alternatives to this AI chatbot have started raising investments to ensure continued growth in the AI sector, which is booming right now. One such recent investment in the AI sector is Cohere, a Toronto-based AI startup that secured $250 million.

Nevertheless, here at TFN, we have compiled a list of OpenAI alternatives that are dedicated to developing AI tools aimed at enhancing creativity and boosting productivity across different domains.

Anthropic (US)

Anthropic Founder
Photo credits: Anthropic

Founder/s: Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, Tom Brown
Founded year: 2021
Total funding: $1.3B

California-based Anthropic provides AI safety and research services that specialises in developing general AI systems and language models. Recently, the AI company announced it has given its ChatGPT-like Claude AI language model the ability to analyse an entire book’s worth of material in less than a minute. This new ability comes from expanding Claude’s context window to 100,000 tokens or about 75,000 words.

On the other hand, OpenAI’s standard GPT-4 model is capable of processing 8,000 tokens, while an extended version can process 32,000 tokens. In general, Claude can be a delightful company representative, a research assistant, a creative partner, a task automator, and more.

In March this year, Anthropic raised $300 million in Series B funding from Spark Capital and this round values the company at $4.1 billion. Prior to this, Google and ex-OpenAI employees backed the unicorn.

DeepMind (UK)

DeepMind Founder
Photo credits: DeepMind

Founder/s: Demis Hassabis, Mustafa Suleyman
Founded year: 2010
Total funding: NA

Based out of London, DeepMind builds general-purpose algorithms for use in simulations, e-commerce applications, and games. The company markets its products and services internationally. The company creates artificial intelligence systems for a variety of activities such as natural language processing, picture identification, gameplay, and robotics.

Chinchilla AI is a DeepMind AI language model that outperforms competitor models such as OpenAI’s ChatGPT-3 as it is known for its ability to process large amounts of data quickly and accurately. It has been labeled a possible “GPT Killer” even though it is not yet available to the general market.

H2O.Ai (US)

H2O ai founder
Photo credits: H2O ai

Founder/s: Cliff Click, Sri Satish Ambati
Founded year: 2012
Total funding: $248M

This AI cloud company is on a mission to democratise AI for everyone. is an open-source platform and data scientists get to construct, deploy, and maintain machine learning models rapidly. It provides a variety of tools and technologies for interacting with diverse data sources, such as text files, spreadsheets, and relational databases.

Data scientists can easily create machine learning models with a variety of tools offered by The platform has drag-and-drop functionality, automatic machine learning, and potent algorithms that can be applied to a wide range of data sources. Customers use H2O.Ai’s hybrid cloud platform to rapidly solve complex business problems and accelerate the discovery of new ideas.

In late 2021, picked up $100 million from Goldman Sachs, Pivot Investment Partners, Crane Venture Partners and Celesta Capital to fuel its growth.

Hugging Face (US)

Hugging Face Founders
Photo credits: Hugging Face

Founder/s: Clement Delangue, Julien Chaumond, Thomas Wolf
Founded year: 2016
Total funding: $161M

Yet another AI startup based out of the US is Hugging Face. The company offers an open-source library for users to build, train, and deploy AI chat models. The company is known for developing and maintaining the open-source library called “Transformers,” which provides a wide range of pre-trained models and tools for working with NLP tasks such as text classification, named entity recognition, question answering, and machine translation. It entered into a partnership with AWS.

Last year, Hugging Face secured $100 million in Series C funding led by Lux Capital with participation from Sequoia, Coatue, and support of existing investors Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman from Thirty Five Ventures, Olivier Pomel (co-founder & CEO at Datadog) and more. (Singapore) founder
Photo credits:

Founder/s: Kisson Songqi Lin, Felix Tao
Founded year: 2022
Total funding: NA

Singaporean startup is a company that provides AI-powered solutions for data extraction, document processing, and automation. It offers a platform that utilises natural language processing (NLP) and machine learning techniques to extract data from unstructured documents and automate various business processes.

The platform aims to streamline data-intensive tasks by automating document processing workflows. It can handle tasks such as data extraction, document classification, entity recognition, sentiment analysis, and more. By leveraging AI algorithms, the platform is designed to reduce manual effort and increase efficiency in handling large volumes of documents.

In 2022, Mindverse.AI snapped nearly $30 million in angel funding led by Yinxinggu Capital, with participation by Plug and Play China, Linear Capital, and SEQUOIA CAPITAL. It announced that the capital will be used to update the products, underlying algorithms, and R&D investment activities.

Talking Medicines (UK)

Talking Medicines founders
Photo credits: Talking Medicines

Founder/s: Elizabeth Fairley, Jo Halliday, Scott Crae
Founded year: 2013
Total funding: $5.1M

Health data tech company Talking Medicines has launched Drug-GPT™ on its enhanced PatientMetRx® 2.0 platform. It provides healthcare advertising agencies with access to real-world insights about the lived experience, opinions, and sentiments of patients and HCPs.

Drug-GPT™ provides natural language responses and summaries, providing quick and accurate insights to help agencies inform new business pitches, develop winning strategies, create creative content, and monitor the impact of critical market events on customer behaviour. Subscribers can answer their own questions about how patients experience drugs and treatments compared to the perspective of HCPs, drawing on opinions and feelings about lived experiences, including demographics, diagnoses, treatments, and outcomes.

Early in 2022, Talking Medicines, the world’s first AI-driven patient intelligence company designed to meet the needs of pharma closed a £1.5 million funding round to support its ambitions for expansion into the US. The investment came from SIS VENTURES, Mark BamforthTern PLC, and Scottish Enterprise.

Text Cortex AI (Germany)

Text Cortex AI founders
Photo credits: Text Cortex AI

Founder/s: Ceyhun Derinbogaz, Dominik Lambersy
Founded year: 2020
Total funding: $1.3M

Berlin-headquartered Text Cortex AI makes natural language generation more sustainable and more accessible. It offers AI-based writing assistants for professional content creators and copywriters and allows texts to be generated automatically with just a few commands.

The machine-generated text can be optimised to create a lot of reach. Notably, it can add keywords to blog articles with simple commands to make them easier to find via search engines. The tool is available for free in the Chrome Webstore and users can apply it as a browser extension in emails, documents and e-commerce.

Last year, Text Cortex received $1.2 million in a pre-seed funding round. Btov Partners led the round, and Speedinvest and Entrepreneur First also invested in the AI startup alongside angel investors – Wayve co-founder Amar Shah and Holger Hengstler.

One AI (Israel)

One AI founder
Photo credits: One AI

Founder/s: Amit Ben Shahar, Asi Shefer, Aviv Dror, Yochai Levi
Founded year: 2021
Total funding: $8M

One AI is an API-first Natural Language Processing (NLP) service that is built for developers. Users can embed its API to analyse, process, and transform text in their projects. The company’s Language Skills enable language comprehension in context, transforming texts from any source into structured data to use in code without any training data or NLP/ML knowledge.

In 2022, One AI emerged from stealth with $8 million led by Ariel Maislos, Tech Aviv, Sentinel One CEO Tomer Wiengarten and other venture firms and angel investors.

Inflection AI (US)

Inflection AI founder
Photo credits: Inflection AI

Founder/s: Karen Simonyan, Mustafa Suleyman, Reid Hoffman
Founded year: 2022
Total funding: $225M

Inflection AI is a machine learning startup that engages in redefining human-computer interaction. The company redefines human-computer interaction by enabling users to speak to a computer in a conversational language. The young AI startup was founded by DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman alongside ex-DeepMind researcher Karén Simonyan.

In May 2022, Inflection AI secured $225 million in funding, according to a filing with the U.S. Securities and Exchange Commission. Back then, it was anticipated that a large chunk of the funding will be used to hire AI experts that can command high salaries.

TruEra (US)

TruEra founders
Photo credits: TruEra

Founder/s: Anupam Datta, Shayak Sen, Will Uppington
Founded year: 2019
Total funding: $42.1M

Another Californian AI startup TruEra (formerly known as AILens) provides AI-based quality management solutions to optimise, explain and monitor users’ machine learning (ML) workflow. Its products include an integrated platform for diagnostics and monitoring. It serves industries such as healthcare, insurance, defense, banking, government, and more.

In 2022, TruEra grabbed $25 million Series B funding in a round led by Menlo Ventures. Existing investors Greylock Partners, Wing Venture Capital, Harpoon Ventures, Conversion Capital, the Data Community Fund, and new investors Forgepoint Capital and the B Capital Group’s Ascent Fund also participated in this round.

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you