YC Summer 2023 Batch S23 // AI — no surprise

sbagency
14 min readSep 13, 2023

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https://www.ycombinator.com/blog/meet-the-yc-summer-2023-batch

You’ll notice AI has a big presence in the S23 class — this is no accident. Recent developments in AI have unlocked an entire universe of possibilities, presenting a resoundingly clear answer to the question of “Why now?”. There has never been a better time to start an AI company than now, and there is no better place to start an AI company than Y Combinator.

  • 70% in B2B SaaS / Enterprise
  • 10% in Fintech
  • 10% in Healthcare
  • 6% in Consumer
  • 4% Proptech / Industrials

AI is a must have tech to use in your startup to be on the wave today. Just use it, just sell it, just.

Startups TLDR (not finished, yet)

OpenPipe — turn expensive prompts into cheap fine-tuned models. Convert expensive LLM prompts into fast, cheap fine-tuned models. OpenPipe automatically captures your existing prompts and completions, then uses them to fine-tune a drop-in replacement. The replacement is faster, cheaper and often more accurate than your original prompt.

Flex stripe for HSA/FSA payments. We enable businesses to unlock the $120B per year sitting in HSA/FSA accounts. Flex is a payment platform for businesses to accept HSA/FSA cards, unlocking the $120B per year sitting in HSA/FSA accounts. We offer a prebuilt, hosted checkout page or UI building blocks to integrate HSA/FSA payments directly into your existing payments flow.

Martin — better Siri with an LLM brain. Through conversations, Martin builds a personal relationship with you and helps out with tasks that matter — he can chat with you about your week, and write emails for you. When you’re in back-to-back meetings all day and have 50 emails to reply to, just tell Martin to “draft up responses.” He’ll gather the context he needs from past conversations and emails, write up drafts for you, and ping you to send them later.

Healthtech-1 automates repetitive processes for healthcare systems. We’re starting with the world’s most famous: the NHS. We’re already live in over 200 primary care practices.

Feanix is a trailblazing force in the trillion-dollar animal breeding industry. Feanix’s innovative solution lies in a proprietary genetic testing-powered breeding software platform.

Orbio uses satellite imagery to track methane emissions from the oil & gas industry. We sell the data to financial companies that want to invest into the best performing energy companies. We launched 3 months ago, closing $400k ARR with 3 customers in finance and energy.

CodeStory is an AI powered mod of VSCode. Our goal is to chip away and add AI to all parts of the developer workflow to offer a significantly more productive experience, and we believe that to do it right, we have to own the editor. That’s what we are building at CodeStory.

CatX is a digital marketplace connecting insurance carriers with institutional investors to trade and transfer insurance risk efficiently. We help to make insurance risk models understandable and accessible for asset managers so they can unlock new sources of return. In addition, we streamline and digitalize the entire risk transfer process, so insurers can get faster, cheaper access to capital from our partner funds.

Coba makes it easy for Mexican knowledge workers employed by US companies to earn in US Dollars and seamlessly spend locally in Pesos. On average, a knowledge worker will lose $1,000 per year in hidden ForEx and transfer fees. In that process, their money will touch at least 3 different accounts adding time and steps along the way. These workers’ require more than simple money movement, they demand a financial solution that addresses their specific needs: banking, saving, spending — all in two currencies.

*Taylor AI allows companies to train and own open-source LLMs with their own proprietary data. For example, RAND Corporation uses Taylor to train models to identify disinformation and terrorist recruiting activity. With Taylor, companies can get started fine-tuning right away, without writing a single line of code or setting up any infrastructure.

Tempo empowers anyone to generate and edit high-quality react code using natural language prompts and a visual code editor. This helps developers stay focused on writing business logic rather than CSS, helps designers ship pixel-perfect UIs without engineering, and helps teams move 10X faster by eliminating the design->code translation process.

TrendUp helps businesses grow and retain social media presence. We help founders and business owners create viral content from start to finish with just a few clicks.

ZTool — Create data tools & scripts with just a few words. ZTool.co is the personal developer for entrepreneurs, analysts, and marketers. Create tailored software applications by describing them in natural language, instead of buying, learning and integrating yet another SaaS tool. The first use case are customized applications that format tabular data and enrich it with data from any API.

Flair Health is building the platform for doctors to set up their own independent practices to deliver ultra-personalized, whole-person care to treat the core drivers of chronic conditions, such as diabetes and heart disease. Our software provides doctors with data-driven insights about a patient’s health and facilitates operations like patient acquisition and billing.

truemetrics helps logistics companies to find their customer’s faster. By detecting and mapping entrances, we help GLS, a key logistics company in Europe, save 2–10 minutes on each delivery. The way couriers navigate is broken. “You Have Arrived At Your Destination!” — or so Google Maps thinks. In reality, the way couriers navigate is broken: No parking, hard-to-find entrances, and labyrinth-like apartment and office complexes can turn the last meters of delivery into a time-consuming puzzle. truemetrics provides parking positions and entrance locations to enable faster drop-offs. Our data is generated by analyzing sensor data from drivers’ smartphones, allowing truemetrics to identify precise parking and entrance locations, thereby simplifying the last meters of delivery.

Onward is a new take on meeting automation software. We streamline follow-ups, CRM updates, ticket creation, and other tasks after every customer meeting.

WalletKit is a developer platform that abstracts away the complexities of blockchain tech and provides simple HTTP APIs. It is best suited for building user-friendly consumer apps focused on mass adoption. WalletKit gives you the tools and APIs to build with the most popular building blocks in blockchain: wallets, tokens, and NFTs. These flexible building blocks can be put together to create meaningful user experiences, whether it’s for rewards and loyalty, gaming, payments, or anything else you can imagine. If you are building decentralized consumer products, come talk to us!

Wattson Health 💊 Pharmacy automation to increase RX throughput & accuracy. Connecting fragmented pharmacy systems & automating high error-prone tasks. Medication errors cost the healthcare industry $40 billion each year, the largest contributor being the manual processes employed by pharmacies. Wattson Health’s automation platform integrates with pharmacies’ existing systems and enables them to fill prescriptions error-free in a matter of seconds vs. hours or even days.

Constructable is an AI chat for construction managers that collects all the data for a commercial construction project from Procore, email, documents, and chat to answer questions like “What slope is needed for drainage?” or “how do the submitted electrical bids compare?” We can answer questions in seconds that used to take hours and help teams prevent mistakes that cost hundreds of thousands of dollars.

Lingtual — the easiest way to build connected AI business software. We’re building a no code platform to build AI applications with over 50+ tools and integrations., basically Retool+Zapier for AI applications. Build tools and chatbots with access to all of your tools (Gsuite, Twilio, Slack, DBs, internal APIs, docs, pdfs, and much more) — without code. Finetune our finetuned domain-specific models even further onto your company data with no code! Companies can self host the entire platform on their own cloud or get a dedicated instance from us. Enable your non technical teams like sales, HR, etc… to build and deploy their own tooling in under 5 minutes with no code, and supercharge their productivity! Easily embed your new products into your apps, call as an API, or use it in Slack/SMS.

Nowadays is an AI-powered event planning copilot that takes the hassle out of organizing corporate events. For example, just input event details, and our AI will contact venues and deal with negotiations for you.

Structured lets developers query and analyze log data with English using LLMs. LLMs bring semantic context to logs. For the first time, developers can see the story around previously disjointed masses of log data.

Twine makes sure your small business never misses a potential customer because of a missed call. We use conversational AI to engage customers over text, finding out what they need and booking them for a service.

Axilla is the Hashicorp for AI TypeScript developers. Drawing on our experience building a unified ML platform at Cruise, we help companies build AI products and continuously improve them using production data. The framework is a set of open-source modules that power the full AI lifecycle of production AI applications, including LLM utilities, dataset management, continuous evaluation, fine-tuning, and model serving. Learned from our experience working on the ML platform at Cruise, our framework enables developers to build & operate AI applications in production.

Simbie Health — AI powered practice in a box for nurse practitioners in women’s health. We enable providers, starting with nurse practitioners (NPs), to start and grow independent digital practices, more than doubling their income. We are building an AI care coordinator that automates the office manager/admin required to run a practice, removing the need to hire, trimming the 16;1 admin:provider ratio in healthcare today, and thus reducing the barrier to entry for clinicians to go independent. By building our fully digital workflows into the fabric of these new practices, we’re improving efficiency and unlocking new healthcare delivery revenue streams (e.g. async care & group visits).

Foundation (Shopify for Homebuilders) is the buyer experience platform for homebuilders. By bringing the new home shopping, purchase, and ownership experience online, Foundation helps homebuilders sell more homes, more profitably, to happier customers.

AiSDR automates sales prospecting. Our software uses AI to automatically write and send sales emails, once a prospective customer engages — we then automatically correspond and book meetings with them. AiSDR’s sales emails have an average response rate of 7.1%, which is already on par with the industry response rate from emails written by humans. We are aiming to replace over 600k SDRs, that cost US companies $48B a year.

Giga ML is the only platform that can make custom LLMs perform as well as ChatGPT-4. Our open-source benchmarks outperform all other models, including Claude 2, and enterprises use us for pre-training, fine-tuning and deploying our models on-prem.

Sero is an AI-powered moderation platform designed for both simple content moderation tasks like profanity detection and for complex investigations like child grooming. As Salesforce manages customer relations, Sero AI streamlines Trust and Safety operations.

Affinity is a compliance training platform designed specifically for regulated industries. We’ve previously built a fintech from inception to a successful exit and are leveraging that experience to solve the learning management needs of regulated tech companies from growth stage to large enterprise banks.

Flowise (Open source Low/No-Code LLM apps builder) enable people to build custom LLMs apps on their own data with drag & drop interface without having to write the code.

Shadeform GPU Cloud With No Hardware — Solving for GPU Shortage. Teams struggling with GPU availability use our platform to unlock capacity immediately for their growing AI workloads. Shadeform has a unified, easy-to-use API and platform to access and provision GPUs and deploy models for inference to any provider. With our aggregated availability and pricing data, we can help ensure your on-demand inference and training jobs will run on time at optimal cost.

ten.dev — AI assistant for agile software teams. ten.dev automates agile processes so developers can focus on building. The knowledge-gathering co-pilot for development teams. Meet ten.dev the co-pilot that helps development teams store and retrieve the context of their code.

Advent is creating the next generation of games where players are just as involved in creating as they are in playing the game. With AI tools, our players can create compelling storylines with the dialogue, assets, and NPCs needed to endlessly expand gameplay.

Cargo is the first revenue architecture built for modern teams. We help revenue teams to access their company data and automate their sales operations. We provide a headless interface to enable them to easily segment, score and route leads to turn pipeline into revenue.

Cheq is a modern UPI payments app for NRIs and international citizens visiting India. Using Cheq, you can pay digitally at over 55mn+ merchants across India. We help tourists avoid ATMs and minimize their foreign exchange costs while in India.

Roame is Google flights using credit card points and miles. Our flight search engine is the only one that searches across 16 loyalty programs and over 200 airlines, delivering real-time results in seconds. At Roame, we are on a mission to revolutionize travel and consumer finance. We stand at the intersection of travel tech and fintech.

Dili is a due diligence co-pilot platform that leverages AI on public and private datasets to help investors make better investment decisions with generative insights and analysis. Using Dili, Investors can enhance and automate their due diligence workflows such as automatically screening deals, generating comps analysis, finding deal killers, managing the due diligence request list process, search across their firm’s entire corpus of deals, and more.

Slingshot is building the next generation of video games with characters and mechanics powered by generative AI. Our intelligent NPCs will be more fun to play with than real people. Created by Stanford CS graduates with a lifelong passion for gaming, our approach sets the stage for a new genre of video games. We have research experience at Stanford on multi-modal LLMs, and at big tech such as TikTok and Amazon. We’re now super excited to be creating this next generation of video games!

Trayd is a B2B payroll platform designed specifically for commercial real estate subcontractors. Through a modern workforce management platform, Trayd uses next generation time-tracking tools to power a streamlined payroll automation, with efficiencies gained across time and pay. At the same time, Trayd provides earned wage access to workers via weekly direct deposit payments and/or instant, same-day cash-out.

Line.Build is software for contractors to seamlessly find and apply for financing and rebates for energy efficiency upgrades. With buildings accounting for almost 40% of US GHG emissions, retrofitting for efficiency is essential to reduce emissions and load on the grid, but expensive. Over $80B of rebates, incentives and financing is available but hyper-fragmented across utilities, federal funds, grants, and green lending programs. Line consolidates disparate sources of funds and simplifies finding and applying for incentives and financing. Line is designed to be user-friendly, available in multiple languages, and accessible on both web and mobile devices. Additionally, it provides an API that seamlessly integrates with existing quoting tools, enhancing efficiency and convenience.

Cair Health — predictive analytics and automation for medical claims.

ParadeDB a Postgres-based ElasticSearch alternative, engineered for lightning-fast full text, similarity, and hybrid search.

Eden Care — digital health insurance for employers in Africa.

Quill AI builds automation software for financial analysts and investment firms. We automate tasks like screening stocks, parsing SEC filings and earnings calls, and generating investment memos.

Strada is the fastest way to connect enterprise software like Salesforce and NetSuite. We do this by combining: 1. An end-to-end platform that handles all integration components for you — connectors, testing, error handling, logging, deployment, and more 2. The flexibility to write integration logic in your preferred programming language, made 10x faster with our code copilot If you’re managing integrations at a large company with custom scripts or are using MuleSoft, Boomi, or SnapLogic come talk to us.

*Octo — AI support agents to replace outsourcing. AI agent to replace customer support outsourcing. Companies like Thunderfit, eToro and UPS are using Octo to replace 70% of the work done by their customer support agents.

Smobi is a marketplace that makes it easy to buy businesses worth 5M or less. We do this by managing the entire transaction through our platform.

Tiptap (Developer toolkit for building collaborative apps) is a suite of open source content editing and real-time collaboration tools for developers building apps like Notion or Google Docs. It’s used by thousands of businesses worldwide, including GitLab, Axios, and Substack.

RecipeUI — The open source Postman alternative. The first version of RecipeUI was a viral project at Robinhood that reached 100% adoption from all engineering and QA teams. When an API broke, anyone from Frontend to QA to PMs could debug without relying on backend engineers

Fiber AI is a reimagined, AI-powered Marketo for enterprises. Customers choose us because we automatically find prospects, research them, and hyper-personalize outbound messages that get 80% open rates, which is 4x the industry standard.

Monitaur is an enterprise-grade, end-2-end observability & security platform for Web3 & digital assets. Instead of wasting months of engineering time and resources hacking together your in-house custom solutions, engineering teams can use Monitaur to quickly deploy monitoring to analyze, troubleshoot, and remediate critical production issues across their decentralized architecture.

Certainly Health — Marketplace to book doctors and avoid surprise bills. Patients enter their insurance and visit reason, and we use machine learning to predict and guarantee their out-of-pocket costs for every health provider. For health providers, we ensure their patients always pay the bill.

Cedalio — The easiest way to store auditable and traceable data. With Cedalio developers can easily store data with the same scalability and developer experience of the traditional cloud, but with built in transparency, security and verifiability. Everything that happens on the database leaves an encrypted historical record of transactions on the blockchain that can not be tampered with.

Happyrobot is an AI copilot to analyze satellite and aerial imagery using simple English queries. Governments, asset managers, or commodity traders use our platform to search and monitor construction sites, oil & gas facilities, or the number of vessels coming down the Mississippi. For example, users can scan geospatial images by typing simple queries in English, such as “find all industrial storage sites with shipping containers in London” or “count the trucks parked outside all warehouses in San Francisco”.

Pure is the first transparent marketplace for the $11B Rare Coins Sector & $55B Precious Metals sector. We make it easy to buy & sell authenticated rare coins and precious metals such as Gold, Silver, Platinum, Palladium & Rhodium. Pure does this by having the largest database of auction records, historical prices, and premium values, allowing us to provide accurate price estimates. Pure goes beyond just the data, as we analyze the condition and eye appeal of rare coins to provide valuable collector insights. Pure is founded by a new generation of collectors and has created a community of over 1,000 members that actively scan, analyze and list their items to transact on the platform.

Nanograb is a computational drug discovery company that uses AI to generate the best combination of binders to treat different diseases. Our product allows drugs to be targeted to very specific areas of the body.

Elythea — ML to catch and prevent pregnancy complications. Over 80% of maternal mortalities were preventable with earlier intervention. Currently, doctors miss >50% of moms who have life-threatening complications and wait until labor to start doing manual risk assessments, at which point it’s too late. Elythea’s proprietary ML models catch life-threatening obstetric complications (like postpartum hemorrhage, preeclampsia/eclampsia, emergency c-section, preterm labor, and more) as soon as the first visit. We automatically analyze relevant demographic and clinical risk factors, flag high-risk patients, and provide evidence-based interventions, giving doctors months in advance to intervene and prevent complications from ever happening. Our global clinical studies have shown that we can catch 2–3x more complications than clinical judgment 10x sooner.

Movley is building Rippling for supply chain. Just like Rippling centralizes all your HR tools, we give Amazon & Shopify sellers one platform to manage their entire supply chain.

Santé — The all-in-one POS for liquor stores. Manage your business in one powerful application specifically built for liquor stores.

Langdock - ChatGPT for Large Companies. We are building the GDPR-compliant ChatGPT for teams, enabling companies to easily embrace the productivity increase of ChatGPT within companies. Professionals are already using ChatGPT, we help companies to manage and control the usage.

Inventive AI — Respond to RFPs & Security Questionnaires with LLMs. Sales teams trust our platform to automatically generate responses to sales information requests such as RFPs and Security Review Questionnaires and thereby lower their Time-to-Revenue.

Cyclone is an instant coding playground that can be set up for any doc site in 10 minutes. It is the fastest way to make docs interactive for developers to prototype, and help them understand a developer product.

Fragment — add human supervision to automated processes. Fragment’s premise is that every company using AI will need humans in the loop, and software for the handoff between AI and humans. We start by helping operations teams in fintech companies with task management for their manual processes (onboarding, compliance…). Building on top of this, we make it easy to increase automation by adding a layer of human supervision.

// in progress…

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sbagency
sbagency

Written by sbagency

Tech/biz consulting, analytics, research for founders, startups, corps and govs.

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