22 AI Startups in Madrid to Watch (and Work for) in 2023
AI is rapidly transforming the way we think about and interact with the world around us. Across Europe, but particulartly in Madrid, AI startups are pushing boundaries, fixing problems worth solving, and reshaping the contours of their industry.
As we get into the end of 2023, we've curated a list of the top AI startups in Madrid that are making waves. We update this list monthly by tracking activity in our database of 17,000 technology companies in Europe and sort them dynamically using our Seedtable score, ensuring objectivity.
Changelog
Last update: November 2, 2023. Updated the Investor Score. See changelog .
Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.
Featured companies in Company
75Featured
AI assistant in Spanish and Portuguese.
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Latest Funding
$10 Million · Series A
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Employees
1 to 10
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Investors
Khosla Ventures, A* Capital, FJ Labs, FJ Labs
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Business Model
B2B, SAAS
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Industries
AI, Productivity Tools
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Locations
Madrid
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Contact
•••••@soyluzia.com
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68Featured
Visual intelligence platform for the insurance industry.
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Latest Funding
$8.2 Million · Series B
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Employees
51 to 100
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Investors
K Fund, K Fund, K Fund, K Fund, Blackfinch Ventures, Big Sur Ventures, Blackfinch Ventures, Big Sur Ventures
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Business Model
B2B
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Industries
AI, Insuretech
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Locations
Madrid
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Contact
•••••@bdeo.io
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64Featured
AI-powered CRM for sales teams.
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Latest Funding
$3.2 Million · Seed
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Employees
11 to 50
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Investors
IGNIA, Shilling Capital Partners, Seaya Ventures
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Business Model
B2B, SAAS
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Industries
AI, Sales and Marketing
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Locations
Madrid
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Contact
•••••@piperai.com
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Full list of AI startups in Madrid
43Online platform to test magnetic components.
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Latest Funding
$5.3 Million
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Industries
AI
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Locations
Madrid
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
Join Capital, Big Sur Ventures, Bynd Venture Capital
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Contact
•••••@frenetic.ai
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43AI-driven heart disease prediction platform.
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Latest Funding
$19 Million
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Industries
Health Tech, AI, Machine Learning
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2C, MARKETPLACE
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Investors
Northzone, Accel, Insight Venture Partners
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Contact
•••••@idoven.ai
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43No-code platform for businesses.
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Latest Funding
$2 Million · Seed
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Industries
AI, Data and Analytics, Business Intelligence, CRM
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Mundi Ventures
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Contact
•••••@lang.ai
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43Smart Protection keeps and protects intellectual and industrial property rights online.
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Latest Funding
$12 Million · Series B
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Industries
AI, Legal Tech, Cybersecurity, Privacy and Security, Business Intelligence, Productivity Tools
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Locations
Madrid
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
JME Ventures, Nauta Capital, Big Sur Ventures
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Contact
•••••@smartprotection.com
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40Electronic Health Records reuse, with Clinical Natural Language Processing.
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Latest Funding
$25 Million
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Industries
Health Tech, AI, Data and Analytics
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Locations
Madrid
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Employees
11 to 50
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Contact
•••••@savanamed.com
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39ORQUEST is a SaaS-based workforce planning and management software for the retail and restaurant industry.
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Latest Funding
$1.5 Million · Pre Seed
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Industries
Foodtech, CPG & Consumer Goods, AI, Mobile, Community & Lifestyle
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Angels Capital
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Contact
•••••@orquest.com
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34Aira system is an AI-based digital system that prevents fraud and automates the processes of inspection.
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Latest Funding
$250 Thousand · Pre Seed
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Industries
Fintech, AI, Insuretech, Legal Tech, Data and Analytics, Business Intelligence, Ecommerce, Identity Management
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Locations
Madrid
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
EASO Ventures
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Contact
•••••@aira-system.com
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34Inrobics proposes rehabilitation model using artificial intelligence and social robots.
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Latest Funding
$360 Thousand · Pre Seed
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Industries
Health Tech, Hardware, AI, Deep Tech, Robotics, Manufacturing
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Locations
Madrid
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Employees
1 to 10
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Business Model
B2B
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Investors
Grow Venture Partners
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Contact
•••••@inrobics.com
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34Nware is the cloud gaming platform created by the Spanish tech startup from Madrid, called Cloudware S.L.
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Latest Funding
$1.3 Million
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Industries
Gaming, AI
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Locations
Madrid
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Employees
1 to 10
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Business Model
B2C, FREEMIUM, MARKETPLACE
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Investors
Draper B1
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Contact
•••••@playnware.com
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34Triporate simplifies Corporate Travel using Artificial Intelligence.
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Latest Funding
$1.4 Million
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Industries
AI, Travel Tech
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Reus Capital Partners
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Contact
•••••@triporate.com
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31AI to understand physical traffic people data.
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Latest Funding
$3.2 Million · Seed
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Industries
AI, Commerce and Shopping
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@dive.tv
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25Open-source platform for data labeling for NLP.
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Latest Funding
$1.6 Million · Seed
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Industries
AI
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Locations
Madrid
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Employees
1 to 10
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Contact
•••••@argilla.io
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21Adtuo is an collaborative platform to manage, optimize, and open advertising.
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Latest Funding
$220 Thousand · Pre Seed
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Industries
AI, Adtech, Machine Learning, Media and Entertainement, Sales and Marketing
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Locations
Madrid
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Employees
51 to 100
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Business Model
B2B
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Contact
•••••@adtuo.com
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21Capaball is an A.I. tool for the creation of personalized learning plans with the goal of training the workers of the future.
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Latest Funding
$570 Thousand · Pre Seed
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Industries
Edtech, AI, Machine Learning
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Locations
Madrid
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Employees
1 to 10
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Business Model
B2B, B2C
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Contact
•••••@capaball.com
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21Anonymization tools, synthetic data generation, data products and cross industry solutions powered by best-of-breed artificial intelligence.
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Latest Funding
$530 Thousand · Seed
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Industries
Fintech, AI, Insuretech, Machine Learning, Data and Analytics, Business Intelligence
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@dedomena.ai
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21Neuraptic AI is an artificial intelligence company.
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Latest Funding
$490 Thousand · Pre Seed
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Industries
AI, Data and Analytics
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@neuraptic.ai
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18Tucuvi makes continuity of care at home a reality via our AI voice-based medical assistant.
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Industries
Health Tech, Hardware, AI
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Locations
Madrid
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Employees
11 to 50
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Business Model
B2C
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Contact
•••••@tucuvi.com
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15The Retail ROIvolution: Artificial Intelligence that increases your sales up to 25% and reduces your stock up to 40%.
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Industries
AI
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Locations
Madrid
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Employees
101 to 250
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Contact
•••••@analyticalways.com
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15WOOM is Data science for Women's and Reproductive Health
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Industries
AI, Community & Lifestyle
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Locations
Madrid
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Employees
11 to 50
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Contact
•••••@woomhealth.com
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