AI Landscape Austria

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

Release Date:
July 2019
Release version:
2.1

Release information

The Austrian AI Landscape was initially created in October 2017 by enliteAI as a side project.
This updated version v2.1 includes 34 new companies and organizations with a total of 193!
Newly added companies & institutions are marked with “v2.1” for easier identification in the text below the infographic.

What´s new in 2.1:

Many new startups entered the scene, to select just a few:

  • DeepOpinion with a groundbreaking approach to opinion mining from unstructured data and analysis capabilities on an unprecedented level
  • Botbase by the Ventury is an assistant platform which will soon be pitched at RISE Hong Kong
  • Strongest growth in "Medical & Health" with Medicus AI,Symptoma, Cogvis, Innophore and Ares Genetics
  • new Category "AI Hardware" to highlight startup activity in this hot field
  • eMentalist, a powerful big data solution to provide decision support by combining millions of internal and external datapoints
  • AVI systems, an award winning startup from Lower Austria with world leading image analysis solutions and first forays into AI silicon
  • Danube.ai - a startup which solves the age old problem of recommendation systems with a unique approach

For the full overview check the lists below.

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 1H 2019 and Outlook

  • Overall there was healthy growth of AI startups, both in absolute number and in quality. This trend will continue for the foreseeable future.
  • Increased internationalization through expansions, certifications and in case of Mostly AI by joining renown accelerator program Plug 'n Play+ winning the pitching contest.
  • Many companies received government grants on both local and national level
  • From fall 2019 Austria will have its first AI Bachelor program at the JKU Linz.
  • Talent shortage is still a constraint, most imminent in NLP, where many open position cannot be filled
  • Local AI initiatives in Styria, Lower Austria and Vienna successfully started and will contribute to raising the awareness for AI in society and the business community

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.

Hardware

Austria is home to many chip design teams, working for in companies such as Infineon, Grace semiconductors and Intel. It therefore shouldn't be a surprise that we start to see the emergence of tailor-made silicon for AI made in Austria. So far the companies in this field are focussed on automotive applications, but we expect a widening scope, especially for use-cases in manufacturing.

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 andpayment. 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. Factory1
  3. Venionaire Capital v1.1
  4. WeXelerate v1.1
  5. Elevator Lab v2.0
  6. Elevate - by the Ventury v2.0
  7. I.E.C.T. Hermann Hauser v2.0
  8. 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
Update v2.1 published in 7 / 2019

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