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Technology Stocks
AlayaCare Brings AI to Home Healthcare Services
According to a recent report, the global home healthcare market is expected to grow 8% annually through 2030. The market was valued at $390.24 billion in 2023. Rising healthcare costs for in-facility care coupled with improved penetration of virtual and remote care industry are helping fuel the growth in the industry. Montreal-based AlayaCare is one such player that is leveraging technology to improve the effectiveness of home-based health care.
>>>Machinify Leverages AI Services to Tackle Healthcare Claims Lifecycle
The rapidly growing AI in healthcare market has created a trove of healthcare-focused start-ups working to address niche areas within the sector. One such area is the demand for simplifying healthcare administration workflows. Palo Alto-based Machinify is looking to address the complicated world of healthcare billing through its AI-services offering. Machinify was recently acquired by New Mountain Capital as part of its strategy to build a healthcare-focused conglomerate that already generates $500 million in ARR.
>>>Agentic AI: Hippocratic AI is Building a Marketplace of Clinician Agent Creators
The global AI healthcare market is projected to expand at 38.5% CAGR from $19.27 billion in 2023 to $187.7 billion by 2030 driven by the increasing demand for enhanced efficiency, accuracy, and improved patient outcomes. Palo Alto-based Hippocratic AI has emerged as a significant player in this evolving landscape.
>>>Agentic AI: Lean AI Startup Ninjatech AI Wants to Handle Administrative Tasks End-to-End
The high growth agentic AI market has attracted several players with startups gaining traction as enterprise interest shifts from passive co-pilots to more autonomous systems. Palo Alto-based Ninjatech AI is one such player in the market.
>>>Ultralight AI Startup Lovable is Blitzscaling from Stockholm
The high growth AI code tools market is attracting a slew of smaller players that are offering a range of easy-to-use coding products that are significantly improving productivity and accessibility, enabling both technical and non-technical users to create full-stack applications. One such player is Lovable.
>>>Ultralight, Fast Growth Bolt Has VCs Salivating
According to a recent report, the AI code tools market is projected to grow 23.2% annually to $30.1 billion by 2032 from $4.8 billion in 2024. The growth in the industry is being driven by the increasing adoption of DevOps practices and the need for efficient software development solutions. AI-driven coding tools are enhancing developer productivity and streamlining workflows, leading to higher adoption.
>>>Agentic AI: Analysis of ServiceNow’s $2.85B Moveworks Acquisition
The high growth Agentic AI market has attracted several big and niche players in the market. The industry is bound to see some consolidation. One such player is Mountain View-based Moveworks, which was recently acquired by ServiceNow (NYSE: NOW) for an estimated $2.85 billion.
>>>Agentic AI: Cognition AI Soars on Devin’s Success
According to a recent report, the global agentic AI in Enterprise IT is projected to grow 46% annually over the next ten years to reach $182.9 billion by 2034 from $4.1 billion in 2024. The technology is expected to have a big impact across multiple use cases and is already significantly impacting the software development life cycle through its ability to code and test during the development process. San Francisco-based Cognition AI is known for its pioneering AI coder Devin.
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