Top 10 AI Software Development Companies: AI Service Providers in 2024 Ranked

Rakesh Patel
Rakesh Patel
August, 22 2024
Top AI Software Development Companies

As AI continues to take the world by storm, more and more businesses are eager to implement their very own AI solutions into their products. But since on average, an AI software solution takes 4-6 months to develop, it is vital to pick an AI development company that you can trust with your project. 

Since AI solutions are principally based on programming languages such as Python, a lot of existing software development companies have started to offer AI development services. This sudden insurgence of service providers makes it hard to select AI software development companies that have what it takes to develop a custom AI solution optimized for your industry and applications.

To clear up this confusion, we have created a comprehensive list of the top AI software development companies to work with. All companies featured on this list were assessed against a strict set of criteria to validate their position as an industry-leading firm.

Our Criteria for Choosing the Best AI Software Development Companies

To create this list, we had to assess 100 companies based on their AI development prowess. Additionally, we set some rigorous standards in place which examined their entire history with AI implementation and development. The companies that qualified as a worthy addition to this list, met the below-mentioned standards:

  • Variety of AI models developed: The firm has to possess well-documented experience in dealing with a multitude of AI model types such as computer vision models, and text deciphering models to be considered worthy of providing specialized AI development services.
  • Dedicated AI engineering resources and processes:  As a worthy AI development company, the selected firms must have dedicated computing and talent resources to facilitate the development of a fully-fledged AI solution.
  • Accessibility of services: The selected firms must not be restricted to any single industry or clientele type, and their AI software development services should be open to organizations of all sizes and industries of all types.
  • Overall brand reputation: The AI software development partners featured must have recorded experience in delivering satisfactory AI solutions to their clientele which sets their historic reputation in terms of credibility and reliability.
  • Years of experience in the AI domain: To be featured on this list, all firms should have displayed multiple years of experience in consistently delivering AI software development and fine-tuning services. 

These selection parameters helped us evaluate AI software development companies against all core concerns for those looking for custom AI-powered solutions. The data to measure all of these metrics are sourced from company web pages and publicly available review boards and resources. 

Brief Overview of the Featured AI Development Companies

To show you all the AI software development companies that were selected, we have listed the featured entries below along with the industry specializations. This is to give you a brief rundown of the types of consulting firms we have chosen and to display their diverse capabilities.

  1. Space-O: Best for AI-Powered Startups, Healthcare, eCommerce, and FinTech
  2. LeewayHertz: Best for eCommerce, Logistics, and Finance
  3. BairesDev: Best for Fintech, Pharmacy, Real Estate, and Insurance
  4. InData Labs: Best for Sports, Healthcare, and Marketing Tech
  5. ValueCoders: Best for Banking, Manufacturing, Healthcare, and Hospitality
  6. Itransition: Best for Automotive, Robotics, Computer Vision, and Telecom 
  7. Deepsense.ai: Best for Mass Media, Manufacturing, and Retail
  8. Itrex: Best for Healthcare, Life Sciences, Retail, and Education
  9. ScienceSoft: Best for Healthcare, Manufacturing, and Telecom
  10. DataRoot Labs: Best for Human Resources, Sustainability, and Logistics

1. Space-O

SpaceO - AI Software Development Services Provider

Space-O is the ideal custom AI development company to power any brand-new project as they boast equal collaborations with both startups and established enterprises. Having over 14 years of experience in developing custom AI solutions, Space-O is one of the pioneering companies in the AI space. They have an extensive track record of delivering successful AI projects such as GPT Vix and Gallery Guardian that are powered by custom regression and generative AI models. 

While Space-O does provide integration and development with pre-built AI models such as GPT-4 and Mistral, they also offer fully custom model development services with proprietary neural networks to deliver a perfect solution for your use case. Space-O has a team of 80+ AI engineers and data scientists specifically to accommodate projects from all industries such as Fintech, Healthcare, and Law Enforcement. 


Another advantage of partnering with Space-O is their unique set of AI validation services for organizations that are implementing AI solutions for the first time. Within these services, they provide PoC and MVP development, and in-depth AI consulting services to give you exclusive insights into how AI can supercharge your operations.

AspectsDetails
Established2010
Client baseNike, McAfee, NAQEL
Team Size100-300
Minimum Project Size$25,000+
Hourly Rates$25 – $49 / hr
HeadquartersTempe, Arizona, United States

Space-O’s Tech Stack for AI Development Services

Generative AI ModelsGPT-4, Stable Diffusion 3, Llama-3, Mistral
FrontendAngular, React.js, Vue.js
BackendDjango, Flask, Express.js
Artificial Intelligence LibrariesTensorFlow, PyTorch, Keras, LangChain
Monitoring and AnalyticsPrometheus, Grafana, ELK Stack
DatabaseMongoDB, Cassandra, Redis

An AI Development Company You Can Trust : Fuel Your Upcoming AI Project with Space-O

Ready to add an AI-powered application to your arsenal? Get your ideas for AI-powered software validated by the experts at Space-O and hear how they can be engineered optimally. Schedule a call now to have a Space-O representative get in touch with you.

2. LeewayHertz

LeewayHertz

LeewayHertz is one of the few AI development companies that has been gaining attention rapidly for its services around AI development and consulting. But by far, their expertise shines the best in the area of generative AI given their extensive portfolio of such projects and case studies. This fact is further reinforced by their experience with many generative AI models for both image and text-based applications.

The listed generative artificial intelligence models on their website range from popular ones such as GPT-4, Stable Diffusion, and Gemini, to lesser-known specialized models such as Phi-2, Vicuna, and BLOOM. Even if you are unsure about an all-out commitment towards AI, LeewayHertz offers custom MVP and PoC development services to help you understand if an artificial intelligence or machine learning solution is going to work as planned. 

LeewayHertz’s MVP and PoC development services also allow you to conduct an initial user verification to see if there are any benefits of using an AI application. Additionally, LeewayHertz expands on its generative AI services by offering LLM fine-tuning services. Engineered to make your existing LLMs more accurate or specialized for your intended usage by providing enhanced training data generated by their data engineering services.

AspectsDetails
Established2007
Client baseBudweiser, Scrut Automation, Rackspace
Team Size200-400
Minimum Project Size$10,000+
Hourly Rates$50 – $99 / hr
HeadquartersCalifornia, United States

3. BairesDev

BairesDev

For North or Central American businesses looking for a nearshore AI development company, BairesDev would seem like an ideal firm to partner with. They pridefully state that since most of their talent is based out of Latin America, their team is capable of working on bilingual projects allowing for cohesive communication during development. 

According to BairesDev, after the initial discovery call and understanding your requirements, they can assemble a fully-fledged AI development team in as little as 2 weeks. They also state that they only hire the top 1% of developers and data scientists with experience across 100+ industries to cater to your project. 

BairesDev’s developers can go a step beyond integrating popular AI models by developing fully custom deep learning models to power totally unique AI solutions. The types of AI development services offered by BairesDev include custom AI-powered chatbots, predictive analysis models, and computer vision solutions.

AspectsDetails
Established2009
Client baseNextRoll, Rolls Royce, Univision
Team Size1,000 – 9,999
Minimum Project Size$50,000+
Hourly Rates$50 – $99 / hr
HeadquartersSan Francisco, California, United States

4. InData Labs

InData Labs

As the name suggests, InData Labs is a software development company that is dedicated to leveraging the power of data-driven applications. Within their AI development services, they also offer custom machine learning model development services for data centralization and formatting from various data sources. They believe that with a well-built business intelligence solution, companies can be empowered to make better decisions and raise revenues. 

Other than their artificial intelligence services related to big data, InData Labs offers services for developing computer vision/OCR and generative AI solutions. These solutions are primarily geared towards process automation across multiple corporate verticals ranging from document analysis to customer service. 

InData Labs’ AI solution for customer support goes a step beyond most competing solutions as their custom NLP solution is multimodal. This allows their virtual assistant software to understand both text and audio inputs. A working Beta version of this virtual assistant is showcased on their website where you can interact with the model to explore the services from InData Labs.

AspectsDetails
Established2014
Client baseInterprefy, AsstrA, Captiv8
Team Size100-300
Minimum Project Size$10,000+
Hourly Rates$50 – $99 / hr
HeadquartersMiami, Florida, United States

5. ValueCoders

ValueCoders

Being one of the largest AI development companies on this list, ValueCoders has invested greatly into expanding its offerings to be more accessible. This move towards AI propagation is further highlighted by their AI model fine-tuning services, which are aimed at optimizing existing or pre-built AI using nuanced training data. 

ValueCoders also cater to businesses with simpler AI integration requirements as they provide the integration of popular consumer-grade AI models such as ChatGPT into legacy applications. Such wide service coverage for both custom AI development and AI integration makes ValueCoders great for most organizations and industries.

Clients can also expect to work with this AI development company in multiple engagement models as they have project-based, team augmentation, and dedicated team hiring options. Furthermore, the dedicated team and team augmentation hiring options give you the choice of scaling development resources according to your needs.

AspectsDetails
Established2004
Client baseHellopeter, Panasonic, Hitachi
Team Size250 – 999
Minimum Project Size$1,000+
Hourly Rates< $25
HeadquartersGurugram, Haryana, India

6. Itransition

Itransition

Based out of Lakewood, Colorado, Itransition is a global custom software development firm that also offers AI software development services. Their AI-based development services are typically focused around 3 core technologies which are computer vision, data mining, and natural language processing. 

These core technology preferences make Itransition well-equipped to build consumer-grade AI solutions as highlighted by their work on AiBUY, a modern video-based eCommerce site. While other AI development companies offer plain development services, Itransition offers services to make your AI solution compliant with data protection regulations such as HIPAA and GDPR. 

Itransition also pays special attention to the data integrity within its AI systems by integrating ETL/ELT pipelines with data preprocessing to ensure the fastest data delivery without compromising quality. To ensure that the model works as intended, they bring their projects to a conclusion only after end-to-end testing of all components and dependencies.

AspectsDetails
Established1998
Client baseAiBUY, TradeSmith, Expedia
Team Size2000-4000
Minimum Project Size$25,000+
Hourly Rates$25 – $49 / hr
HeadquartersColorado, United States

7. Deepsense.ai

Deepsense.ai

Deepsense.ai is one of the relatively new AI companies that is completely honed in on the domain and exclusively works on AI-based projects. According to Deepsense.ai, their services stand out from the rest as they deliver support even post-deployment. This is done to ensure continuous model training on newer data to keep its result consistent with real-world standards. 

Another differentiating factor in Deepsense.ai’s AI development services is their CRISP development methodology which is optimized specifically for data-intensive AI projects. This development methodology functions much like Agile but with additional stages for data refinement and processing. This augmented process helps AI developers maintain the integrity of data while offering faster delivery time enabled by the agile methodology. 

Deepsense.ai’s developers mainly specialize in developing Generative AI, Natural Language Processing, Computer Vision, Predictive Analytics, MLOps, and Data Engineering solutions. And with a team of 120 experts, Deepsense.ai assures complete end-to-end development of any artificial intelligence solution you have in mind.

AspectsDetails
Established2014
Client baseVolkswagen Group, Hitachi, WWF
Team Size50 – 249
Minimum Project Size$50,000+
Hourly Rates$100 – $149 / hr
HeadquartersWarsaw, Poland

8. Itrex

Itrex

Based out of Kyiv, Ukraine, Itrex offers a comprehensive suite of AI development services along with their usual mobile app development and IoT services. Their expertise spreads across multiple industries and model types including custom chatbots,  image recognition models, and text classification engines. 

Apart from these common model types, another specialization of Itrex is developing custom robotic solutions to automate physical processes as well. This additional specialization gives them an edge in industrial or manufacturing applications where AI and ML software solutions have to be integrated with proprietary hardware. 

Their entire development process for artificial intelligence projects is also quite straightforward as it is divided into 4 simple stages. The process starts with the initial analysis of your business challenges. Once the improvement areas and KPIs have been decided upon, they move on to designing the solution and then building a PoC. Once the PoC has been engineered, they build upon it and end the processes by integrating the finished product into your infrastructure.

AspectsDetails
Established2009
Client baseDollar Shave Club, PotentiaMetrics, P&G
Team Size250-1000
Minimum Project Size$25,000+
Hourly Rates$50 – $99 / hr
HeadquartersKyiv, Ukraine

9. ScienceSoft

ScienceSoft

Established all the way back in 1989, ScienceSoft is one of the top AI development companies when it comes to experience dealing with custom AI solutions. According to their CEO, they believe in developing sustainable and secure AI solutions that deliver a predictable and consistent output to their clients rather than experimenting with AI, which usually leads to unnecessary exposure to instability and risk. 

To accommodate clients from all stages in their AI development journey, ScienceSoft has fragmented its AI development services into multiple divisions. There are 4 divisions in total which are AI consulting, end-to-end AI development, artificial intelligence/machine learning model fine-tuning, and AI integration. 

ScienceSoft advertises that even their machine learning models are highly accurate, for instance, their computer vision Model PoC for surgical items sports a minimum accuracy rate of 95%. Such feats of accuracy highlight how AI development companies like ScienceSoft are able to offer solutions for even the most critical industries.

AspectsDetails
Established1989
Client baseBaxter, IBM, Rakuten Viber
Team Size500-1000
Minimum Project Size$5,000+
Hourly Rates$50 – $99 / hr
HeadquartersMckinney, Texas, United States

10. DataRoot Labs

DataRoot Labs

DataRoot Labs is a fairly new artificial intelligence development company that was established only in 2016. However, within this short timeframe, they have gained a proven track record as a reliable AI company for multiple organizations with their 40+ completed projects. These projects combined, have given them the achievement of processing over 6 petabytes of data to date. 

But by far, the fact that makes DataRoot Labs so special is that they claim their team can get an MVP ready in as little as 8 weeks. This blistering development speed is ideal for companies that are looking to experiment with AI technology. One of the contributing factors to such development speed is their development methodology. They say it is a modified version of Agile from web development projects, made to adapt to the nuances of machine learning. 

Once the AI solution is developed and deployed, they usually end the process with a complete IP transfer and KT. However, they do offer post-deployment support to ensure that the performance of the AI solution stays consistent. DataRoot Labs’ post-deployment services do not stop there, as they also offer fundraising support post-deployment, which is quite rare among trusted AI development companies.

AspectsDetails
Established2016
Client baseOLX, Cognyte, Databand
Team Size10-50
Minimum Project Size$10,000+
Hourly Rates$50 – $99 / hr
HeadquartersKyiv, Ukraine

Make Your AI Development Journey Effortless: Let Space-O’s Experts Handle All Complications

As a leading AI development company, Space-O and its team of experts are here to assist you by making your AI-powered ideas come to life. Their development process handles every single concern with certified AI and data engineers so that you get a perfect final product.

FAQ

How much do AI software development companies charge to make an MVP?

On average, the ai development cost for an AI-powered Minimum Viable Product (MVP) starts at $10,000. Note that this is just the minimum cost, unlike PoCs, MVPs are built to be deployed directly to users in a finished condition. This leaves plenty of room for price fluctuations depending on the features and complexity of your application.

How do I vet an artificial intelligence company to see if they are trustworthy?

The best course of action to judge an AI development company is to take a look at their past records of the various industries they have served, and the technologies they have worked with. Inspecting these two aspects of a company’s background should give you enough information to vet their capabilities in context to your requirements.

Is it important for an AI software development company to have data science experts?

Yes. A company with previous experience in data analytics and science has an edge, as they can leverage their data refinement and delivery speeds to train your AI model faster. Data is the backbone for all new cutting-edge solutions in the AI world. In fact, the entire field of model fine-tuning relies on providing the existing AI/ML model with refined training data to make its predictions more accurate and relevant.

How long does it take to develop a consumer-ready AI solution?

With a team of 5 senior developers, a typical AI development lifecycle for a production-ready solution ranges between 7-24 weeks, depending on the complexity of the solution. If the solution is being made for a legacy application, then the timeline can be stretched further to accommodate integration challenges, custom API engineering, and data conversion. The same timeline extension rule applies if there are any compliance standards to meet such as GDPR or HIPAA.

Are there any challenges faced when integrating new AI solutions into existing systems?

Integrating AI solutions into existing systems is prone to a vast array of challenges such as data compatibility issues, inference obstructions, system dependencies, and data privacy. Though any competent AI software development firm should be able to conduct prior data analysis to understand the format and structure of the data in the host system. Doing this will help them figure out how the new AI solution would have to be adapted without any discrepancies in user experience.