6 SaaS Startups in the Intelligent Systems Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Intelligent Systems industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 6 VC funded SaaS startups in the Intelligent Systems industry.

Ada

A chatbot-based platform from Ada, a computer software provider, enables large enterprises to automate customer experience. Its platform utilizes a machine learning engine that works on the web and mobile devices, reducing the amount of help requests and enabling users to find solutions on their own. The business was established in 2016 and has its main office in Toronto, Canada.

Company details:
Founders:
David Hariri, Mike Murchison
Founded:
2016
Based in:
Toronto, Ontario, Canada
Website:
Ada
Industries:
Artificial Intelligence, Intelligent Systems, Machine Learning, SaaS, Software
Latest funding:
$130,000,000
Series C
7 May 2021
Total funding:
$190,620,620
Investors
Creative Destruction Lab (CDL), Accel, Tiger Global Management, FirstMark, Bessemer Venture Partners

Arquivei

NFes issued for CNPJ are tracked by Arquivei, an online program that also automatically downloads and archives the XML and PDF files. There is no need to install any software on the devices because it operates by reading digital certificates. Users of its panel can browse, print, search, and filter NFE, NFSe, and ES cells according to a variety of parameters, including time and provider. Arquivei for Business establishes a connection with the Department of Finance, downloads all NFes issued for the CNPJ of companies automatically, and stores them in XML and DANFE on the Note Management Panel. It also keeps all invoices up to date before the product is delivered and provides reports, filters, and intelligent search for any content of the notes. Accounting professionals who have access to the Panel may view customer invoices that are stored in Arquivei, monitor and consolidate tax papers like NFes, STCs, and NFSes Ginfes, and conduct intelligent searches on any note's content using filters. Operating out of Brazil's So Carlos is Arquivei.

Company details:
Founders:
Bruno Henrique Oliveira, Christian de Cico, Isis Abbud
Founded:
2013
Based in:
São Carlos Do Pinhal, Sao Paulo, Brazil
Website:
Arquivei
Industries:
Information Services, Information Technology, Intelligent Systems, SaaS, Software
Latest funding:
$48,361,789
Series B
14 December 2021
Total funding:
$52,406,317
Investors
International Finance Corporation, Riverwood Capital, Monashees, NXTP Ventures, Google Launchpad Accelerator

Twixor

The world has changed. Enterprises are re-imagining customer engagements on social and messaging channels preferred by their customers, thereby enabling structure in an inherently unstructured medium. We enable business transactions over instant messaging and traditional digital channels. We orchestrate end-to-end fulfillment via digital customer journeys, powered with intelligent business process automation, across banking, financial services, insurance, healthcare, retail, logistics, travel, and other industries. Conversational flows where customers choose their service, intent-driven communications via AI/NLP (natural language processing) engines, seamless transfer to live agents where human intervention is required, dynamic rich cards to improve user experience – all enable hyper-personalization, elevate customer experience, improve customer loyalty, increase revenue, and lower both customer acquisition and service costs. Twixor is headquartered in Singapore, with offices pan-India, and serving a global client base, several of who are in the Fortune 500. Using patented technology, Twixors’ low-code no-code omnichannel messaging and intelligent automation platform enables enterprises with customer acquisition, engagement and transaction solutions over all traditional digital (websites, SMS, email, QR codes) and new instant messaging channels (WhatsApp, FB Messenger, RCS, Telegram and more). We invite you to join us on this journey of accelerated digital transformation.

Company details:
Founders:
Ashok Anand
Founded:
2013
Based in:
Singapore, Central Region, Singapore
Website:
Twixor
Industries:
Artificial Intelligence, Customer Service, Intelligent Systems, Messaging, Natural Language Processing, SaaS, Software
Latest funding:
$2,400,000
Series A
15 December 2021
Total funding:
$2,780,000
Investors
The Chennai Angels, Axilor Ventures, Season Two Ventures

UpGuard

UpGuard's proprietary technology tests an organization's IT infrastructure both internally and externally and calculates the potential risk for future intrusions and outages. Upon evaluating the ongoing configuration state of every server and network device, companies are given an easy-to-understand score called CSTAR — a single number which indicates to IT staff as well as their executives their risk level for data breaches. An organization's CSTAR score can even be used by corporate insurers in creating a cybersecurity insurance policy. Thousands of companies, including ADP, E*TRADE, and Cisco Systems, use UpGuard to validate infrastructure, continuously detect risks, and procure cybersecurity insurance. UpGuard is headquartered in Mountain View, California with offices in Portland, Oregon.

Company details:
Founders:
Alan Sharp-Paul, Mike Baukes
Founded:
2012
Based in:
San Francisco, California, United States
Website:
UpGuard
Industries:
Cyber Security, Enterprise Software, Insurance, Intelligent Systems, SaaS, Software, Test and Measurement
Latest funding:
$19,000,000
Series B
9 June 2021
Total funding:
$47,405,222
Investors
500 Global, Square Peg Capital, Valar Ventures, Startmate, August Capital

Vanti AI

Using Vanti's SaaS solution, manufacturers are able to predict and explain quality issues, detect defects and optimize their processes, all in real-time. This is achieved through a self-service platform that harnesses data directly from the shop floor to train, deploy and maintain ML-based models in production. The platform doesn't require any data science or coding knowledge and models can be trained and validated within just a day, unlocking the AI scaling challenge for its customers.

Company details:
Founders:
Nir Osiroff, Smadar David
Founded:
2019
Based in:
Tel Aviv-yafo, Tel Aviv, Israel
Website:
Vanti AI
Industries:
Analytics, Artificial Intelligence, Big Data, Intelligent Systems, Machine Learning, Manufacturing, Productivity Tools, SaaS, Software
Latest funding:
$16,000,000
Series A
27 January 2022
Total funding:
$22,000,000
Investors
Insight Partners, True Ventures, Ariel Maislos, MoreVC, i3 equity Partners

Veryfi

Documents into Data in Seconds. Accuracy & Speed Surpassing Humans. A fully integrated suite of data transformation products for you to securely capture, extract and transform bills, receipts and invoices into structured data for use in your mobile app, website or back office.

Company details:
Founders:
Dmitry Birulia, Ernest Semerda
Founded:
2016
Based in:
San Mateo, California, United States
Website:
Veryfi
Industries:
Accounting, Apps, Computer Vision, Construction, Developer APIs, Enterprise Software, Financial Services, Intelligent Systems, Mobile Apps, SaaS
Latest funding:
$12,000,000
Series A
6 April 2021
Total funding:
$12,700,000
Investors
Y Combinator, Zillionize, NewView Capital, TI Platform Management, Envestnet Yodlee Incubator

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