AI Landscape Austria

The Austrian AI Landscape: An overview on companies, platforms & institutions leading the development of AI technology in Austria.

Release Date:
November 2018
Release version:
2.0

Release information

The Austrian AI Landscape was initially created in October 2017 by enliteAI as a side project.
This updated version v2.0 includes 90 new companies and organizations with a total of 163!
Newly added companies & institutions are marked with “v2.0” for easier identification in the text below the infographic.

What´s new in 2.0:

For easier legibility we introduce a new clustering logic:

  • Companies and Startups, following the same logic as international AI landscapes
  • Enablers and Extended Ecosystem, such as universities, public entities, non-profit and media

Updated & new categories:

  • Enterprise: to reflect the local AI competence of international IT corporations such as Microsoft, Google, IBM Watson and SAP, which are active ecosystem players
  • Public, to highlight AI-related activities of ministries, trade organisations and the city of Vienna
  • Media, such as derBrutkasten, Trending Topics and derStandard, which cover Artificial Intelligence frequently
  • Organizations & Communities, to showcase grass-root movements across Austria - from meetups and initiatives to AI Austria - the Austrian Society for Artificial Intelligence

Three events and their organizers:

  • WeAreDevelopers AI Congress Vienna on December 4th & 5th, 2018
  • AI Inside Summit from ÜBERALL Scene on March 20th, 2019
  • Applied AI Conference, from the Advantage Austria (exact date tbd)

Unfortunately, a small number of previous entries shutdown business and are no longer listed in this version.

As a startup focused on Artificial Intelligence, we follow the Austrian AI community closely.
Austria might not be the first country that comes to your mind when thinking about Artificial Intelligence, nevertheless lots of great
startups, corporates and research institutions have been creating world-class solutions powered by AI.

Based on more than 100 expert interviews, desk research and industry events, we created and maintain the first Austrian AI Landscape, covering startups,
corporates and accelerators as well as research- and educational institutions.

You're welcome to re-use the infographic below as long as the content remains unmodified, in full and proper reference to the source is mentioned.

Would you like your company or institution to be included in future updates?  Simply send us an email to office@enlite.ai, we’re happy to keep track of your request.

Key Findings of 2018, Outlook on 2019

  • Startup activity has increased massively, both in breadth and depth
  • An increasing number of companies design and train their proprietary AI models and no longer stick to pre-made solutions from large providers
  • AI startups are hot for investors, with large investments being announced almost on a weekly basis
  • With eQventures, Venionaire and IECT 3 clear leaders have emerged in the investor landscape
  • On a positive note - universities and educational institutions who offer AI-related courses (Deep Learning, Data Science, ...) were the fastest growing category in 2018!
  • talent shortage is still a constraint, most imminent in deep-tech and NLP
  • Austria still has not formulated a national AI strategy, as a consequence there are no dedicated fundings and grant programs for Artificial Intelligence
  • Individual regions such as the city of Vienna press ahed and started to develop local AI strategies to maintain global competitiveness
  • We expect the number of startups to increase even further in 2019, especially once government programs are aligned with business needs

Companies & Startups

AgriTech

Even the agricultural sector isn't immune to the information revolution. Farmdok and Metos show how AI can help farmers analyze data
gathered from their fields, while Smartbow provides automated monitoring, localization and heat detection for cattle. Technologies like these can support farmers to increase margins and limit operational risk.

Automotive & Mobility

Austria has a long and successful history in automotive engineering and is home to renowned brands such as AVL and MagnaSteyr. In recent
years, local companies not only accelerated their efforts towards e-mobility and digitalization, but also lead the charge when it comes to applying AI in automotive engineering.
With Evolve.Tech a classic DeepTech startup has emerged, which aims to revolutionize voice detection with custom models and AI silicon.

Big Data & Enablers

Big Data is Austria’s second largest AI sector by the number of companies and investments after Automotive. Not only is Austria home to many homegrown and well-funded companies but it also houses local subsidiaries of international companies. VergeML deserves a special mention in this category, as it is the first AI platform, similar to international players such as H20.ai

Enterprise

Austria is home to several regional headquarters of international AI Tech Companies.
These companies are very active in both promoting AI and its capabilities to corporates, as well as supporting the ecosystem with free trainings and events.

FinTech

Financial institutions have been widely disrupted by new technologies, and AI is one of them. The reasons why financial firms are implementing AI into their processes is to increase security, reduce processing times and increase levels of automation, among others. Investment activity has been especially strong in this sector, which is a testament to the quality and business acumen of these companies.

Health & MedTech

Austria’s medical universities provide a perfect combination of large datasets, cutting edge technologies and a high willingness to create spin-outs. Research focus in this area lies mostly in the detection of skin and retina diseases.

Image & Video Processing

Companies in this field have identified global needs and turned them
into new business models. Anyline is using its patented technology to
provide image recognition services from passport readers to smart
meters.

Industry & Robotics

Industry is often used for a collection of topics ranging from robotics to internet of things. Specific AI applications in Austria
cover sensor-fusion and image recognition for robotics, as well as deploying AI assistants in the field. With toolsense a new interesting player has emerged, which aims to bring AI capabilites to the construction industry.

InsurTec

While small in number, InsurTecs like Dolphin and Twingz have reached a high level of maturity in product and team.

Language & Text

With cortical.io and the Semantic Web Company two pioneers in text and speech analysis for large B2B clients are based in Austria.
Recently a new wave of companies has emerged, which also cater to B2C customers..

Media & Social Analytics

Social media monitoring or auto-summarization of documents and text is carried out by companies specialized in media analytics.

Productivity

There is a growing number of tech pioneers developing new solutions for your personal assistant needs. These digital helpers can take the
form of a calendar, a scheduler, or even a personal butler. What all of them have in common is re-allocating hours of wasted productivity, which lets you focus on more important tasks.

Retail & eCommerce

Few areas are as suited for AI based analytics as retail, pricing and
payment. With its innovative approach to data-driven retail and
commerce 7lytix emerged as an early leader, securing 7-digit investment
in its first year of operations.

Sales, Marketing & PR

Austrian companies such as Frux and Kjero quickly discovered the potential of recent development in natural language processing to
provide insight for international customers. In terms of classical PR and multimedia, Tunnel23 should be especially mentioned. Looking for
powerful digital content? Intellyo might be your platform of choice, while Logoshuffle will help you creating your company’s CI in no time.

Enablers & Extended Ecosystem

Universities & Education

Austria’s universities have seen numerous AI winters, as a result the field did not receive the same attention as it did e.g. in France or
Canada. Most majors were introduced recently and mainly focus on data science. Interestingly it’s not the technical universities that lead the change but a mix of universities for applied sciences and medical universities.

Research

Austria has a long history in carrying out AI research. It was the JKU Linz where Sepp Hochreiter published his seminal work on long
short-term memory, which forms the basis for automated translation systems we use every day. Furthermore, with the OFAI Vienna, Austria has one of the longest-serving AI research institutions worldwide.

Organizations & Communities

Austria has a vibrant AI community, which organizes events and meetups on a regular basis across the country.
Recently, with AI Austria a non-profit think-tank has emerged, which aims to promote development and application of AI in Austria.

Public

In 2018 several local players have emerged who want to promote AI and its potential to local businesses of all sizes.
On a federal level work on a national AI strategy has started and is expected to be completed around the mid of 2019. In the meantime, special zones for testing autonomous vehicles have been already designated, with a similar regulation expected for autonomous drone soon.

Accelerators, Incubators &Investors

AI-specific programs are a rare sight in Europe, where Austria is no exception. Currently the large domestic VCs don’t run any specific AI
funds, as a result a gap was created which was quickly filled by corporates starting their own programs and the local start-up community, that created the equivalent of a Y Combinator for AI and Art.

  1. Lemmings.io
  2. Venionaire Capital v1.1
  3. WeXelerate v1.1
  4. Elevator Lab v2.0
  5. Elevate - by the Ventury v2.0
  6. I.E.C.T. Hermann Hauser v2.0
  7. eQventure v2.0

Media

Austria does not have publications specialized on AI or technology trends, however the startup media has picked up the topic and is doing a great job of reporting about the progress in this area, both locally and internationally.

Conferences

Created by EnliteAI - Vienna - 10 / 2017
Update v1.1 published in 12 / 2017
Update v2.0 published in 11 / 2018

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