8 Artificial Intelligence Business Success Stories [2023]

Updated: July 24th, 2023
Start An Artificial Intelligence Business

The global artificial intelligence market size is estimated to grow by approximately 54% YoY, reaching over 22 billion U.S. Dollars in the next few years.

Therefore, starting an AI-related business today can be a lucrative business opportunity. Are you wondering which AI business ideas you can start in 2023?

Here is a full list of top artificial intelligence business ideas you can start today.

Here are some real life success stories of starting a artificial intelligence business:

1. AdviNow Medical ($2.4M/year)

James Bates (from Scottsdale) started AdviNow Medical almost 7 years ago.

Revenue
$200K / month
Team
1 founders / 25 employees

Case Study

James Bates the CEO and Founder of AdviNOW Medical has been inventing cutting-edge technology for 20 years. AdviNOW Medical has become a leader in the health technology sector, pioneering a system that synergizes artificial intelligence and augmented reality to support existing healthcare infrastructure and services while enabling the future of low-touch no-touch medical visits. It’s a technology that seems obvious in hindsight, amending a serious problem with an elegant solution.

Healthcare automation has bigger benefits, including—but not limited to—labor savings, improved quality and consistency of care, reduced waste, lower physician burnout, and increased predictability of outcomes. In fact, practices that adopt AdviNOW see nearly a doubling of the patient throughput per provider. This obviously leads to lower wait times for patients and more profitability for the practice and enables future models within the value-based care vision.

how-we-started-our-100k-month-medical-artificial-intelligence-software-company

2. Marine Digital ($6K/year)

Ivan Ladan (from Lübeck) started Marine Digital over 3 years ago.

Revenue
$500 / month
Team
3 founders / 12 employees

Case Study

My name is Ivan, I’m a founder of Marine Digital. We work in a niche of big vessel performance optimization. Our main goal is to make modern instruments of decarbonization available for the mass market.

During our 3 pilot projects we’ve earned about €60 K, and now we are launching the production of our digital twin in the EU.

i-built-a-technology-for-marines-with-2-300-active-contacts-from-germany

Learn more about starting an artificial intelligence business:

Where to start?

-> How much does it cost to start an artificial intelligence business?
-> Pros and cons of an artificial intelligence business

Need inspiration?

-> Examples of established artificial intelligence business
-> Marketing ideas for an artificial intelligence business

Other resources

4. Cleanvoice AI ($4.8K/year)

Adrian Spataru (from Bucharest, Romania) started Cleanvoice AI about 1 year ago.

Revenue
$400 / month
Team
1 founders / 0 employees

Case Study

Hi! My name is Adrian. I studied Computer Science and I used to be that friend who you would call to fix your PC for free. However, I wanted to be a cool guy, so I start learning machine learning and AI.

Currently, Cleanvoice makes about 400$ MRR. We have a SaaS business model but also a pay-as-you-go credit-based pricing, which allows customers to use the product, without a subscription hell.

how-i-left-my-job-to-build-an-ai-podcast-editing-tool

6. Imagined with AI ($54K/year)

Sabatino Masala (from Ghent, Belgium) started Imagined with AI 9 months ago.

Revenue
$4.5K / month
Team
2 founders / 0 employees

Case Study

I’m Sabatino, founder of Imagined with AI. Together with my girlfriend Silke, we try to make a dent in the AI generated image market, and we’ve found some success! On our website you can upload 10 photos of yourself, a loved one, or your pet (cats, dogs, or even rabbits!).

Imagined with AI is used by customers in over 25 countries and helped generate over 234.000 unique images to date. By the end of December 2022, we’re looking at reaching the €10k ($10K) revenue milestone - just 6 weeks after launching!

how-our-ai-image-generator-hit-10k-in-just-6-weeks

7. EDIIIE ($3.6M/year)

Gautam Arjun (from ) started EDIIIE over 6 years ago.

Revenue
$300K / month
Team
5 founders / 150 employees

Case Study

I am Gautam Arjun, co-founder of EDIIIE: Experts in Designing Innovative, Interactive, and Immersive Experiences. A creative technology company that designs & develops next-generation experiences for global brands. We are India’s largest solution provider for AR/VR/MR and Gamification needs.

We have delivered solutions to ventures in eCommerce, Training & Development, Retail, Real Estate, Entertainment, Manufacturing, FMCG, and various other domains. We have successfully delivered 200+ projects to businesses from The United States, Canada, Europe, India, and other parts of the world.

how-we-make-3-6m-year-building-the-top-world-s-metaverses

8. Satalia ($14M/year)

Host Haseeb Khan, VP of Technology #tkxel, chats with Daniel Hulme, CEO, Satalia. Satalia applies the latest technologies to build enterprise AI systems, and...

Daniel Hulme (from ) started Satalia over 5 years ago.

Revenue
$1.17M / month
Team
1 founders / 104 employees

Case Study

Daniel Hulme is the CEO of Satalia, a London-based independent AI offering AI-powered solutions to the industry's most challenging issues. This AI thought leader is paving the way for the future of work by fusing technology and organizational psychology to build swarm-like companies.

The founder of this company is a world-renowned AI specialist, a TEDx & Google speaker, and a Kauffman Global Scholar. He has almost 20 years of expertise in artificial intelligence, earning his Master's and Ph.D. in AI from UCL, where he is an Entrepreneur in Residence.

Hulme's knowledge also extends to the philosophical and ethical questions surrounding these new technologies. He gives lectures on computer science and business themes and is interested in how technology may be utilized to control businesses and have a beneficial societal influence.

Dr. Daniel Hulme is also associated with the LSE's Marshall Institute and serves on advisory boards in corporate and governmental sectors. He has held advisory and leadership positions in multiple businesses and government organizations.

Daniel is now WPP's Chief AI Officer after Satalia was acquired by the multinational communications company WPP earlier this year.

Pat Walls,  Founder of Starter Story
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