Tag Archive for: los angeles startup PR

The Future of AI Tech Companies

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AI startup companies have been around for a while, but really began flooding the market in 2023 and are here to stay. The success of this emerging industry can be attributed to their tremendous effect on the present market and their impact on the future.

It wasn’t that long ago that some of our most advanced machines had merely learned to play a simple chess game. However, they have evolved from that and can now process complex data, create predictions based on that analysis, and hold up a conversation.

Yet that isn’t the most surprising part. What is truly remarkable is the impact of AI in every industry worldwide. AI has started seeping into every market niche, from healthcare to education, leading to multiple fast-growing AI companies in 2023.

 

What is the Future of AI Tech Companies?

Do AI tech companies have a future? Can we expect more growth and advancement in the upcoming decade?

The answer is undoubtedly yes. AI is said to be driving the next boom and reinvigorating venture capital after a bleak funding season in 2022.

We are likely heading towards a boom in AI startup companies soon. The evolving artificial intelligence, coupled with increased investment, leads to the development of new applications every day, so the future of AI is fixed on an upwards trajectory. Top AI startups today have begun impacting the market, and even startups that aren’t tech-centered are beginning to lean on AI solutions for increased efficiency.

It won’t be long before there are rounds of record-breaking IPOs for AI companies.

The Ever-Evolving World of Tech

Let’s start by discussing the incorporation of AI in tech-based startups;

Entrepreneurs spend billions every day on AI development. Tech startups are taking this investment to the next level. Generative learning startups have begun creating applications and solutions to sell to more prominent companies and help increase efficiency.

AI today helps new consumer products gain tremendous popularity in less time. They can also analyze the data of visitors on social media platforms or websites and mold their experience accordingly. AI ensures the following user is much more willing to buy the product.

E-commerce and the Race to the Finish

AI and e-commerce have only recently developed a strong relationship. Fast-growing AI companies include multiple e-commerce platforms that are benefiting from this race. Determining them through artificially intelligent data analytics helps them price their products according to customer preferences. One of the questions on the consumer pr expert is, what’s Google’s position on ChatGPT content?

In short, consumers only pay the price they want to pay. Moreover, since these AI tools are based on machine learning, they change according to customer preferences. Ultimately, they lead to more profit.

What AI Means for the Healthcare Industry

The healthcare industry is one of the biggest and fastest-growing industries in the world. Thus, the fact that it has birthed a large percentage of top AI startups today isn’t surprising. The healthcare industry doesn’t just benefit from generative learning startups but also deep learning startups. These AI applications help the healthcare industry get more accurate diagnostics and treatments. It also leads to much better outcomes for patients. Moreover, AI healthcare applications can use patient data to create customized solutions that work!

The Education Route: Onwards and Upwards!

Over the past couple of years, the education niche has witnessed tremendous growth. It isn’t just the introduction of unique applications that have helped students worldwide. College students worldwide benefit from platforms like ChatGPT to learn more about a subject or find solutions to complex equations when they can’t access a teacher.

Generative learning startups in education help educators delegate some problematic tasks to AI. Moreover, AI can also help them analyze student performance and detect when a student is facing difficulties which add efficiency to the process.

5 Fast Growing AI Companies to Watch

1.      ChatGPT

Although it may only sometimes get the best rep in the market, it is truly an excellent tool for students and researchers to get quick answers to queries. ChatGPT by Open AI is designed to answer any question a user asks in a way that a human best understands. History will see ChatGPT as the first app to open the possibilities of AI to the masses – for free! We offer more extensive predictions on the role of content-generating tools like ChatGPT here.

2.      NovaKid

Are you looking for generative learning startups that put education first? Here’s one!

NovaKid is made for educationists looking to teach children linguistics through practice. It doesn’t just offer AI-based games and training and allows students to access native speakers who can help them practice.

3.      Viz

Viz.ai has recently become popular in the world of deep learning startups. It allows medical professionals to increase the efficiency and accuracy of their diagnostics and provide a treatment plan accordingly

through stored patient data used by the AI tool to make optimal decisions.

4.      Active

Active.ai has recently been introduced to the fintech world and helps companies converse about finance. Over the past few years, it has offered curated solutions to multiple industries.

5.      Shelf

The Shelf is a similar AI startup allowing AI to match retailers and customers for better solutions improving efficiency for e-commerce and ensuring that consumers get what they are looking for every time.

10 Fast-Growing AI Companies: Startups Shaping the Future of AI

Are you looking for fast-growing AI companies? Startups hoping to shape the future of AI are the ones that need investment the most. Thus, learning about these startups and their ideologies can boost their growth;

1.      SoundHound

SoundHound is the most interesting among the many fast-growing AI companies. The idea was birthed in Santa Clara, California, and founded by James Hom, Keyvan Mohaier, and Majid Emami.

SoundHound is an AI-based startup that allows companies and owners to maintain their brand image from anywhere in the world. They achieve this through voice control.

This startup has also introduced Houndify, the world’s fastest speech recognition and audio search application.

2.      Neatsy

Deep learning startups are often one of the most creative ones out there. Meet Neatsy, a startup company that has recently made a name for itself in the fashion industry. This company hopes to redefine shoe fittings.

Their dreams to develop a 3D foot scanner using an iPhone camera have finally been realized. They have invented an application allowing users to get the perfect shoe fit or present solutions that treat specific conditions.

For Neatsy, looking to the future is of the utmost importance, as there lies a solution to all shoe sizing troubles. It is where everyone is finally going to know their actual shoe size.

3.      Moveworks

Moveworks is located in California, and it was founded by Bhavin Shah, Jiang Chen, Vaibhav Nivargi, and Varun Singh in 2016.

This AI platform has attempted to create applications that support a company’s relationship with staff, invent new ways to help their employees and make working at a particular company easy. It is one of the few deep learning startups that have developed an application that aids employees.

4.      Nektar

Nektar is an AI startup that was founded in Singapore in 2020 by Abhijeet Vijayvergiya and Aravind Ravi-Sulekha. For Nektar, providing businesses with revenue-oriented solutions was the goal.

This B2B startup allowed businesses to access an AI-powered virtual assistant and connect it to a revenue enablement platform. These platforms were then accessed by sales teams, who used them to boost productivity, sales, and growth.

5.      Character

Character.ai lets you close your eyes and slop away to a fantasy world where you speak with one of the greats. It could be Gandalf from Lord of the Rings or Tesla! You don’t need to wonder as long as Character.ai exists.

This startup was founded in California. It is one of the best generative learning startups out there because of its unique ability to incorporate AI chatbots on its platform, which can learn and emulate the styles of various characters.

This generative learning AI uses large language models to feed their AI chatbots just enough so they can emulate these characters as accurately as possible, leading to engaging experiences with customized adventures for all.

6.      Luminance

Luminance has mastered legal processing and document review. Founded in 2015 by the University of Cambridge mathematicians, this AI startup can read and understand a legal document and use generative learning to help perform particular tasks.

In the world of legal documentation, this is a first. Luminance allows for irregularities and non-compliance areas to be notable and eliminated before the procedure is carried forward.

7.      Savvie

Savvie is one of the many Scandinavian generative learning startups that are doing well in the market. It uses AI to learn about consumption and reduce food wastage. Through this, Savvie hopes to reduce overall waste.

This tool has allowed many firms, bakeries, and cafes to access a simple application to streamline production and consumption and reduce food waste.

8.      Veesual

Veesual uses generative and deep learning to take fashion e-commerce to the next level. This platform, founded by Maxime Patte and Damien Meurisse in early 2020, provides online fashion businesses unique solutions through virtual try-on technology.

Veesual allows users to try on clothes virtually through other brands’ existing clothing images. These images are then added to model photos to create combinations. Thus, it is much easier for people to picture themselves in this clothing.

9.      Vicarious

Vicarious has spent many years investing in AI and generative learning. It has led to an AI platform that can solve issues by learning from its surroundings.

Vicarious has led the AI tool to create different kinds of technologies, including a motor control system that encourages the precise movement of robots and a visual control system with in-built spatial recognition.

10.  Anthropic

This AI startup was created by former OpenAI employees who decided to get together and form their own startup. CEO Dario Amodei led this group. They eventually created a chatbot, Claude, who could generate, summarize, and explain content.

One of the admirable things about this chatbot is how customizable it is. It can take up multiple tasks simultaneously and give different solutions depending on the user.

Why Do AI Tech Startups Need Specialized PR?

Specialized PR in AI is of the utmost importance as AI startups need a PR agency that understands their struggles and dreams. Modern PR agencies have been using AI-based PR tools and already understand the vision of AI startups and can thus help them better. Moreover, they can translate their goals and objectives to the audience better.

  • PR for AI startups can assist them with their image and build a positive brand identity that people will want to associate with.
  • AI startups that receive professional PR are much more visible online. They get more organic and paid growth, and more people see them.
  • PR for AI startups can also help you avoid the worst crisis situations, as your PR company will be on your side, handling the communication gap.
  • AI startups that receive professional PR make informed decisions based on market research and insights.
  • Most importantly, these professionals help guide the company through the highs and lows of it all.

Final Thoughts

The future of AI tech companies is bright, and it will be a long time before something else occurs. The rapid introduction of new platforms, such as applications and ways of living life, can lead to a period of growth which is why more and more investors are jumping on the bandwagon.

However, hiring a PR firm for your AI startup is vital to ensure you cover all bases and reach your customers with the right tone. PR firms can also help you avoid crisis situations and build the best brand loyalty.

Contact us today; we’re already AI PR experts. The choice is yours!

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Top 5 PR Strategies for HealthTech Communicators

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In the fast-paced world of HealthTech, effective communication and healthtech PR plays a vital role in shaping the success and reputation of a company. Because it is a fast-growing, emerging industry, Chief Marketing Officers (CMOs) and founders must comprehend the significance of strategic public relations (PR) within their marketing strategy. PR Strategies for healthtech is important to brand message and establishing trustworthiness in the market.

HealthTech communicators need to employ healthcare PR strategies to increase their brand visibility, build trust, and grow. This blog post will discuss the top five strategies they should use.

Develop a Strong Thought Leadership Program

A robust healthtech thought leadership program is essential to establish credibility and position your healthtech company as a leader in the industry.

Identify these critical spokespeople within your organization. These could be executives or subject matter experts. Contributing valuable insights and expertise to industry publications, conferences, and media outlets is a reputational requirement for industry leaders.

Publish well-researched articles regularly. Participate in industry discussions. Speak at conferences. Position your company as a trusted source of knowledge. Gain visibility among industry stakeholders and potential customers.

Leverage Data and Case Studies

In the healthcare sector, data and case studies hold immense value. Especially if your company is in the pre-IPO phase, leveraging data from your products or services can significantly strengthen your PR efforts. Collect and analyze relevant data to identify trends, insights, and success stories that showcase the impact of your healthtech solutions.

Use these findings to create compelling case studies and whitepapers highlighting your technology’s tangible benefits to patients, healthcare providers, and the overall industry. Sharing resources can help generate media interest and show the effectiveness of your offerings. This can be done through press releases, media pitches, and your company’s website.

Establish Partnerships with Key Influencers

For B2C healthtech brands, influencer marketing is a powerful tool to help healthtech companies reach a wider audience and build consumer trust. Identify key influencers in the health and technology sectors who align with your brand values and target audience. Collaborate with these influencers to create engaging content, host webinars or podcasts, or take part in social media campaigns.

A well-known individual’s endorsement and association of your brand can increase your reach and credibility. Their followers will view your healthtech company as a reliable and respected part of the industry.

For B2B healthtech brands, the role of media relations could not be more critical. Establishing a reputation with the media will build your reputation and improve your business outcomes overtime.

Optimize Digital Presence and SEO

In today’s digital age, a strong online presence is crucial for effective PR in the healthtech industry. Ensure your company’s website is visually appealing and optimized for search engines (SEO). Conduct keyword research to identify the terms and phrases your target audience is searching for, and incorporate them strategically into your website’s content.

Create content optimized for different channels, such as social media, blogs, and press releases. Focus on creating content that educates, informs, and inspires potential customers, and leverage the influencers to help spread your message. Additionally, create an email list and use this to send out newsletters, updates on new products, and news related to your HealthTech company.

Utilize SEO tools like Google Analytics and Google AdWords to track and analyze your website’s performance and optimize content accordingly. Publish blogs and articles regularly. Ensure they are high-quality and SEO-optimized.

These pieces should address the pain points of your target audience. Show thought leadership and provide valuable insights. By implementing these strategies, your website will rank higher in search engine results, driving organic traffic and enhancing your brand’s visibility.

Engage with the Media

Engaging with the media is a fundamental healthtech PR strategy for healthtech companies. Establish relationships with journalists, reporters, and editors who cover the healthcare and technology sectors. Invite them to cover your company’s launch, product launches, and other newsworthy events. Offer them interviews with the people behind your company, such as founders, CEOs, and other executives.

Utilize PR networks to reach out to influencers, bloggers, and other key players in the industry. Leverage these contacts to spread the word about your company and products.

Use social media to engage with customers and build relationships with industry partners. Post relevant content, such as tutorials, articles, and industry news, to bring attention to your brand. Share your company’s mission and progress to attract potential investors. These are just a few strategies that you can use to build a successful HealthTech PR strategy.

Regularly share company news, product updates, and industry insights through press releases, media pitches, and media alerts. Offer your executives or subject matter experts for interviews or commentary on relevant industry topics. Engage with the media proactively. This will help you secure media coverage, increase brand visibility, and make your HealthTech company an authoritative voice in the industry.

Conclusion

In the competitive world of healthtech, effective PR strategies are paramount to success. Chief Marketing Executives and founders can improve their brand’s visibility, establish thought leadership, and build trust among their target audience. This can be achieved by implementing the top five strategies outlined in this blog post. By developing a strong thought leadership program, leveraging data and case studies, and establishing authority through PR strategies for healthtech companies.

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3 Things Startups Focus On as VC Funding Shifts

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As uncertainty rises, funding falls. At least that’s what the news would have you believe. But according to Inc. magazine, seed and angel deals are still trending upward, and early-stage companies with proven product are still getting most of the deals. In fact, 64% of venture funding is early stage, and seed deals through Q2 of 2022 were on par with the entirety of 2019 (Q2 NVCA/PitchBook). That means for hyper-growth or ambitious companies and challenger brands, there is still an opportunity for you. So what should you do when VC funding is down and inflation is still driving uncertainty? I’ve been through every recession since 9/11 and I’ve been working with ambitious brands and companies since then as well. So I’ve seen what successful businesses do during recessions to position themselves for competitive advantage, survival and growth, despite the economic hurdles. Over the years I’ve noticed, startups who focus on looking ahead while being laser-focused, and tend to survive tumultuous times, regardless of whether your a consumer brand or a B2B company.

Focus Your Energies and Budget

“Everything you do, do exceptionally well, and if you aren’t exceptional at it, then get rid of it or outsource it.”

Look at everything you’re doing and cut out the things you aren’t doing well. For example, let’s say your internal biz development team is excellent, but your event marketing isn’t producing the results you’d hoped for, take that event marketing budget and focus it on one thing your biz dev team says they need to get to the next level.

Everything you do, do exceptionally well, and if you aren’t exceptional at it, then get rid of it or outsource it. Outsourcing is just more nimble. What you outsource, be exceptionally clear about your goals, so you can maximize your reduced budget. Focusing your time and budget has the additional advantage of clearing out the cobwebs and giving you new insight into operational efficiencies too. Who knows? You might decide that outsourcing certain strategies, like PR, simply works better than doing it in-house, anyway.

Startups should also focus on the long term. Think about ways you can increase efficiencies with agency partners, and where you can maximize the partners you have on board.

 

Bullish on the Future

“Deals are still happening, but they’re more happening on industries and trends which are moving ahead full steam, no matter what happens to the economy,”

What should a startup focus on when thinking about funding? No matter what happens to the economy, innovation rolls forward, and VCs know this. The money isn’t on solving today’s problems, it’s on solving tomorrow’s problems. According to Pitchbook, in Q1 of 2022, VC’s raised more money than in the entirety of 2019. So are coming down? Oh, absolutely, but VC’s know – the future is now.

Even when funding is down, deals are still happening, but they’re more happening on industries and trends which are moving ahead full steam. So do your homework on where your product fits into the biggest challenges or opportunities in the next 5, 10, 15 years. Look at all the challenges the pandemic brought to light – those challenges are still top of mind, and the companies solving those problems will have a head start. Your corporate storytelling should also lean into the future and purpose driven initiatives. These two aspects will allow you to lead against your peers.

FinTech is another area where the gloom and doom may be over-reported – through Q2, FinTech funding was still more than in 2019, but it’s definitely not as frothy as 2021. FinTech founders may wish to focus on thought leadership and tie it into purpose-driven points of view in order to tap into future trends.

And although the cannabis industry has been experiencing its share of disruptions as of late, no one thinks that industry is disappearing, the growth is only projected to increase as more states move to legalize cannabis, and states create interstate sales as California has, and many expect the east coast to do. Experts predict the cannabis industry will be $100 billion by the end of the decade. You can learn a lot about the future of cannabis by reviewing the pitch decks from startups that recently secured funding.

Plan For Success

“Companies that survive this time focus… on problem-solving,”

Now is the time to think out loud and do your due diligence for tomorrow. Companies that survive this time focus their operations team on problem-solving. For example, if  VC funding doesn’t seem likely for you right now, turn your attention to policy initiatives at the federal and local levels. For example, the last infrastructure project had a lot of opportunities for climate-related startups. And the 2021 infrastructure package held lots of tidbits for infrastructure tech programs, that emerging industries like drones and UOV could take advantage of.

Consumer tech VC funding has taken a sharp nose-dive. Storytelling PR campaigns may not be as attractive as they once were for consumer tech. Now is the time to look at product-based programs which increase awareness but not the budget.

Mental health is still top of mind, that’s part of the reason emerging industries like healthtech, cannabis, and psychedelic treatments remain in the sights of investors. But these industries are not without their challenges and competitors. So brands in these emerging industries need to double down on trust to build more acceptance for the communities they serve.

Direct to Consumer (DTC) funding has radically pulled back, because simply having a DTC company isn’t in itself enough to attract investment – today, a DTC strategy is an expectation. But startups can take this time to develop something that can’t easily be replicated, like technology. Or, as investor Caitlin Strandberg said, don’t even ask for investment unless you have an Amazon strategy, because social media isn’t where they see buyers, “if you’re going to be where people buy—people are buying more and more on Amazon—you can expect they’ll search your brand name on Amazon, and you want to be on that search page,” so be looking your sales channels along with SEO and digital PR so your startup is poised for growth.

One of the best ways to stay focused on success is to lay the groundwork for a successful IPO. There is a lot to do, both internally and externally, and getting started earlier will save you money and time as the exit gets closer.

You should take this opportunity to do some scenario planning as well. Now is a great time to plan for a crisis, and create plans for things like cyber breaches ,which will help you secure your future.

 

Tomorrow’s greatest companies and emerging industries aren’t going to allow this uncertainty to derail them. This is where the rubber meets the road, and strategy makes a difference.

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