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YC S23, Y Combinator
Y Combinator S23 Demo Day: AI & Dev Tools Dominate
Aug 30, 2023
As Demo Day for Y Combinator S23 approaches fast, in this post, we will be uncovering what the top companies from the Y Combinator’s Summer 2023 batch are building.
Its only been few weeks since the batch started and some of the companies have already started seeing some good traction.
After tracking 175 companies from Y Combinator S23 batch, we explore the top companies by web traffic. We also dive into the common trends in these companies.
Leading Companies by Website Traffic
Let’s go over each of these top players, see what are they building and how are they unique
Key Products/Features:
Web Navigator: AI agent that helps in listing competitor products.
Marketer: AI agent that assists in creating new campaigns.
Validator: AI agent that ensures data compliancy.
Market Geography: Global
Competitor Companies: Other AI-driven agents/tools for business workflows for example Aomni.
Technologies/Differentiator: The primary differentiator for Reworkd Ai seems to be the ability to assemble, configure, and deploy autonomous AI Agents directly from a browser to automate core business workflows.
Key Products/Features:
SkyView Lite: Allows users to search for flights from continent to continent.
Filter Search: Users can filter their search by credit card, airlines, and premium percentage.
Award Search Engine: Roame provides an award search engine for flights, showcasing details like departure times, duration, premium percentage, and points required.
Market Geography: Global
Competitor Companies: Skyscanner, Kayak, and AwardHacker.
Technologies/Differentiator: Roame differentiates itself by focusing on award travel, allowing users to search for flights based on points and premium percentages. Their commitment to transparency and the ability to filter searches by credit card and airlines are also unique features.
Key Products/Features:
Dashboard Builder for Developers: Tremor provides a platform to connect data sources and build customer-facing analytics.
Visual Creation: Users can visually create and maintain interactive dashboards tailored to developers, with full control of HTML, CSS, and JavaScript.
Performance: The platform offers in-memory cache and configurable pre-aggregations for data sources.
Market Geography: Global
Competitor Companies: Other dashboard and analytics platforms tailored for developers, such as Tableau, Looker, and Grafana.
Technologies/Differentiator: Tremor differentiates itself by offering a visual canvas tailored to developers, allowing them to maintain full control over the design and functionality. It's described as being similar to Webflow but specifically for dashboards. Additionally, it's powered by their own open-source technology and dashboard component library.
Key Products/Features:
On-Premise Secure LLM for Enterprise: Giga ML offers a secure Large Language Model (LLM) solution for enterprises that can be deployed on-premises.
X1 Large Series of Models: Giga ML's most powerful model series available for both pre-training and fine-tuning.
OpenAI API Compatibility: Allows users to switch their existing OpenAI infrastructure to Giga ML's API without the need for rewriting code.
Market Geography: Global
Competitor Companies: OpenAI, HuggingFace and other companies offering LLM or NLP solutions.
Technologies/Differentiator: Giga ML differentiates itself by providing on-premise LLM hosting, ensuring data privacy. Their models are claimed to perform three times faster than GPT-4 with better quality. Additionally, they offer seamless integration with existing tools like langchain and llama-index.
Key Products/Features:
AI Code Assistant: Sweep turns GitHub issues into GitHub pull requests, automating the process of addressing tech debt.
Automatic Code Generation: Sweep generates repository-level code, reducing development time on tasks like tests, documentation, and refactoring.
GitHub Actions Integration: Sweep reads GitHub Action logs to ensure its changes compile and pass tests, making necessary updates if errors are detected.
Market Geography: Global
Competitor Companies: GitHub Copilot, Kite, and TabNine.
Technologies/Differentiator: Sweep differentiates itself by automating the process of turning GitHub issues into pull requests. It ensures that its generated code compiles and passes tests by integrating with GitHub Actions. Additionally, all changes made by Sweep can be reviewed directly in GitHub, allowing for easy feedback and adjustments.
Key Products/Features:
AI Compliance Team: Greenlite's AI agents augment KYC (Know Your Customer), AML (Anti-Money Laundering), and risk staff, enabling teams to support more customers without the need for additional hiring.
Staff Augmentation: Greenlite offers AI agents to assist in various areas:
KYC Analysts: Remediate backlogs and handle needs for sanction, watchlist, adverse media, and PEP alerts.
KYB Analysts: Verify business information during onboarding to reduce fraud and decrease customer onboarding times.
EDD Analysts: Conduct enhanced due diligence on high-risk customers during onboarding and periodic reviews.
Market Geography: Global
Competitor Companies: Other fintech compliance platforms and AI-driven compliance solutions.
Technologies/Differentiator: Greenlite differentiates itself by offering AI-driven solutions specifically for fintech compliance teams. Their platform aims to automate and augment the roles of KYC, AML, and risk staff, allowing for faster customer onboarding, significant cost savings, and efficient case handling.
Key Products/Features:
AI for Enterprise Data Retrieval: Mano AI augments LLMs retrieval with enterprise data, all within the client's cloud.
Enterprise-Grade Deployment: Mano AI deploys its entire stack on the client's cloud, allowing businesses to embed, vectorize, and query all their data with the necessary access controls.
On-Premises Security: Ensuring data security is paramount for Mano AI. They deploy directly onto a client's cloud, ensuring data never leaves the client's environment.
Managed Vectorstores: Mano AI can host and manage leading open-source vector stores like Qdrant and Weavite, all within the client's cloud.
Fine-Tuned Models: Mano AI is LLM agnostic and offers support for fine-tuned LLMs on enterprise data, giving clients the flexibility to choose any model for their specific needs.
Market Geography: Global
Competitor Companies: AI-driven data retrieval platforms and LLM platforms tailored for enterprise solutions. Also OpenAI, after their enterprise offering.
Technologies/Differentiator: Mano AI differentiates itself by offering a platform that integrates LLMs with enterprise data, all within the client's own cloud. They emphasize security, customization, and scalability, allowing businesses to leverage the power of LLMs while ensuring data remains secure and compliant.
Key Products/Features:
Financial Planning Platform: Glade offers an enterprise-grade platform for building flexible and robust financial plans.
Data Synchronization: Aggregate vast amounts of data from various sources in real-time, with existing connections updated automatically.
Modeling and Visualization: Users can visualize data with dashboards and widget builders within Glade or export directly to Google Sheets or Excel for further analysis.
Consolidation: Collaborate with teams to consolidate local financial models into Glade.
Reporting: Share board-ready visualizations and reports with stakeholders, leveraging powerful financial models. Existing views are also available for self-serve access.
Market Geography: Global
Competitor Companies: OnPlan, Current, RightCapital
Technologies/Differentiator: Glade differentiates itself by serving as a central source of truth for all financial data. It integrates seamlessly with various systems like ERP, HRIS, CRM, and Data Warehouses, and offers direct links to Google Sheets and Excel for automatic updates.
Key Products/Features:
Banking & Bookkeeping for Startups: Every.io provides banking services tailored for startups, ensuring that 100% of the funds are government-backed.
Dedicated Bookkeeping & Tax Services: They offer services like income tax, R&D tax credit, and more, with bookkeeping starting at $150 per month.
Treasury Management: Allows users to earn up to 5.21% by investing in U.S. Treasuries.
Payroll & HR: Offers payroll services across 50 states, including tax registration services, dedicated HR management, onboarding, and employee benefits.
Market Geography: US
Competitor Companies: Gusto, QuickBooks, and Square.
Technologies/Differentiator: Every.io differentiates itself by being a comprehensive platform for startups, handling both their finance and HR needs. They emphasize government-backed funds, dedicated services, and integration with major financial institutions like BNY Mellon Pershing.
Key Products/Features:
Dioxus: A Rust library for building apps that run on desktop, web, mobile, and more. It offers a React-inspired library for Rust focused on developer experience.
Web with WASM: Build for the web using Rust and WebAssembly, aiming to be as fast as SolidJS and more robust than React.
Desktop and Mobile: Provides lightweight desktop and mobile apps with zero configuration, supporting macOS, Windows, Linux, iOS, and Android.
Terminal User Interfaces: Convert any CLI tool to an interactive user interface.
Fullstack Apps: Pre-render on the server and hydrate on the client, offering performance significantly better than Node and Python.
Market Geography: Global
Competitor Companies: Other platforms offering Rust-based development tools, such as Yew, Rocket, and Seed.
Technologies/Differentiator: Dioxus Labs differentiates itself by offering a comprehensive Rust-based development platform, allowing developers to build interactive user interfaces for various platforms. They emphasize a React-like syntax, integration with WebAssembly, and the ability to deploy on multiple platforms seamlessly.
Key Trends
Focus on AI and Automation:
Companies like Reworkd AI, Roame, Tremor, Giga ML, and Every.io emphasize the use of AI and automation in their products. This indicates a strong trend towards leveraging AI to improve business processes, customer experiences, and overall efficiency.
Developer-Centric Solutions:
Dioxus Labs, Tremor, and Mano AI offer tools and platforms tailored for developers. Whether it's creating dashboards, building apps across platforms, or integrating LLMs with enterprise data, there's a clear emphasis on enhancing developer productivity and experience.
Financial and Compliance Platforms:
Both Greenlite and Every.io focus on financial services, with Greenlite emphasizing fintech compliance and Every.io offering banking and bookkeeping for startups. This suggests a continued interest in fintech solutions, especially those that simplify complex financial processes or ensure regulatory compliance.
Cross-Platform Development:
Dioxus Labs and Mano AI highlight the ability to develop for multiple platforms using a single codebase. This trend underscores the importance of reaching a wide audience across web, mobile, desktop, and other platforms without redundant development efforts.
Emphasis on Data Security and On-Premises Solutions:
Mano AI and Giga ML both emphasize deploying their solutions directly onto a client's cloud, ensuring data security and compliance. This trend indicates a growing concern for data privacy and the desire for solutions that can be integrated without compromising security
In conclusion, the top companies in the YC S23 batch showcase a blend of AI-driven solutions, developer-focused tools, fintech platforms, and an emphasis on user experience. The trends highlight the tech industry's move towards automation, cross-platform development, and data security, all while ensuring a seamless user experience.
Access the complete data 👇
Download the complete list of 170+ Y Combinator S23 companies included in the analysis above.
CSV has 31 columns with website traffic, headcount growth metrics, firmographics and founder contact details.
About the data
The data seen above is from Crustdata - the most accurate AI powered data-driven market intelligence platform for private growth stage investors and sales leaders. It indexes billions of public data points on companies every week to provide an edge over the private market.
