Grant Funded Artificial Intelligence Startups
The 50 companies shown here received AI grants between January and October 2022, with recipients spread across the United States, United Kingdom, Canada, a…
The 50 companies shown here received AI grants between January and October 2022, with recipients spread across the United States, United Kingdom, Canada, and several additional markets. Grant sizes range from $10K awards — received by Awaretag, MayaMD, and accelEQ, among others — up to PostEra's $68M grant closed in San Francisco in May 2022, the largest disclosed figure in this set. Most disclosed amounts fall between $100K and $1M; two grants list as undisclosed (LabGenius, Blecon).
Health and clinical AI is a recurring vertical: Eko Health (Emeryville), PediaMetrix (Rockville), Strados Labs (Philadelphia), Qure AI (Mumbai), Medwise.ai (London), and Subtle Medical (Menlo Park) all received grants within this period. London is the most-represented non-US city, with seven companies — LabGenius, Blecon, Holly Health, iLoF, MultiplAI Health, Medwise.ai, and Zinia — drawing grant funding across Q1 through Q4 2022.
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Frequently asked
What is the largest disclosed grant in this dataset?
PostEra, based in San Francisco, received the largest disclosed grant at $68M, closed in May 2022. The next two largest are Ecopia AI (Toronto) at $8M in July 2022 and Canvass AI (Toronto) at $6M in April 2022. All other disclosed grants in this set fall below $4M.
Which cities have the highest concentration of grant-funded AI companies here?
London leads all individual cities with seven companies: LabGenius, Blecon, Holly Health, iLoF, MultiplAI Health, Medwise.ai, and Zinia. In the US, California accounts for six companies spread across San Francisco, Emeryville, San Mateo, Mountain View, Oakland, and Menlo Park. Texas has three (Austin and two in Houston).
How much variation is there in grant size across these 50 companies?
The range is substantial. At least six companies received $10K grants (Awaretag, MayaMD, accelEQ, ConfirmU, Elipsa, Parallel Pipes), while a cluster sits near $1M including Mod Tech Labs, Adastra, Strados Labs, and PinPoint Data Science. PostEra's $68M is a clear outlier; LabGenius and Blecon list amounts as undisclosed.
Does health or clinical AI dominate this grant-funded group?
It is the most visible vertical in the 50 rows. At least a dozen companies operate in health or clinical AI: Eko Health, Qure AI, PediaMetrix, MayaMD, Holly Health, SightIn Health, MultiplAI Health, Medwise.ai, Strados Labs, Respira Labs, Subtle Medical, and Dascena. Grant amounts for this subset range from $90K (Respira Labs) to $4M (Qure AI).
Which countries outside the US are represented, and how many companies come from each?
The UK accounts for 10 companies, including the seven London-based firms plus DeGould (Exeter), PinPoint Data Science (Leeds), and Awaretag (Bristol). Canada follows with four, all in Ontario: Ecopia AI and Canvass AI in Toronto, Adastra in Markham, and F8th in Toronto. India has two (SatSure in Bangalore, Qure AI in Mumbai), with single entries from Switzerland, Brazil, Ukraine, Australia, Singapore, and Saudi Arabia.
What date range do these 50 grant rounds cover?
The rounds span January 3, 2022 (Zinia, London) through October 20, 2022 (Mod Tech Labs, Austin), covering roughly the first three quarters of 2022. The list is sorted by round date descending, so Mod Tech Labs and VisionQuest Biomedical appear at the top as the most recent.
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