Artificial Intelligence (AI) has moved from being just a concept in science fiction to a major player in today's technology world. With predictions anticipating that the global AI market will hit a staggering trillion-dollar valuation by 2030, this rapid growth shows how AI is changing various industries.

As we witness AI's significant impact across various sectors, it becomes crucial to identify the key players driving this technological revolution.

Position Company name Nº collaborators Price range / hour Foundation year Annual revenue Ideal for
1 Imaginary Cloud 50-249 $50 - $99 2010 $11.7M Scale-ups, Enterprises
2 Yellow 50-249 $50 - $99 2015 $9.7M Startups, Scale-ups, Enterprises
3 Softblues 50-249 $25 - $49 2006 $2.4M Startups, Scale-ups, Enterprises
4 AE Studio 50-249 $200 - $300 2016 $25.8M Startups, Scale-ups, Enterprises
5 micro1 50-249 $50 - $99 2019 $4.4M Startups
6 Interexy 50-249 $50 - $99 2017 $16.7M Startups, Scale-ups
7 Dualboot Partners 250-999 undisclosed 2018 $56.7M Startups
8 Serokell 50-249 $50 - $99 2015 $5M Startups, Scale-ups, Enterprises
9 Light IT Global 50-249 $25 - $49 2006 $5.5M Startups, Scale-ups, Enterprises
10 Waracle 50-249 $150 - $199 2004 $28.4M Startups, Scale-ups, Enterprises
Summary of Top 10 AI Development Companies Software

Among many industries, we have, for example, healthcare, where AI is improving patient care with predictive analytics, and in the automotive industry, it's driving the development of self-driving cars. AI development companies are leading this change by creating innovative, ethical, and sustainable algorithms and systems.AI development companies are doing more than just building technology—they are shaping the future. That's why working with the best AI development company to ensure success is so important.

The companies on this list are leaders in their field, known for their innovative work. They're pushing technology forward but also thinking about important issues like bias and privacy. Their clients range from new startups to big companies, which shows how adaptable they are and how widely their solutions can be used.

As we look more closely at each company, we'll learn about their unique work in AI, their key projects, and how they're helping create a future where AI leads to positive change and new ideas.

Table of Contents

Best Artificial Intelligence (AI) Development Companies for 2024
Checklist for Choosing an AI Development Company
Factors to Consider When Selecting an Artificial Intelligence Development Company
Benefits of Partnering with an AI Development Company
How was this Ranking Created?
Your Next Move in Choosing an Artificial Intelligence Development Company
Final Thoughts

top-AI-development-companies badge

1. Imaginary Cloud

Imaginary Cloud logo

Best suitable for: Scale-ups, Enterprises

Brief description: Imaginary Cloud provides custom development that respects quick, trustworthy, and technical debt-free practices to ensure that businesses can scale without being hampered by technology. This is referred to as seamless technology.

They are passionate about helping organisations scale, having worked with a wide range of customers. They have received numerous honours over the previous 13 years, including Top 100 Fastest Growing Companies, Top 1000 Global Companies in 2020 & 2021, UK Top B2B Company in 2021 & 2022, and Europe Best Workplace® 2022.

Services: Product ideation: Digital Transformation, Scoping sessions, Product Development Process, MVP. Product development: Web & Mobile development, Artificial Intelligence, UX/UI Design. Product improvement: Code Audit, UX Audit

Technologies: React, Next.JS, Angular, Due, Webflow, Ruby on Rails, Node, Python, Rails, Django, React Native, Flutter, AWS, Azure, Google Cloud

Key clients: Nokia, Sage, Ernst & Young, BNP Paribas, TravelWiFi, JingaLife, Elsa, Trust Portal, Full Fabric, Remax, Environment Intelect, DHI Telecom

Reviews: 5.0 stars on Clutch from 31 reviews

Feedback: "They always deliver on time and are very responsive to changes in scope"; "The team delivered on time and within budget, ultimately helping accelerate the overall process. Moreover, their team members were outstanding"; "We've worked with several developers, but Imaginary Cloud is the only partner that does what they say they'll do."

Methodology: Agile

Location: London, United Kingdom

Company size: 50 - 249

Founded in: 2010

Price range: $50 - $99 / hr

Culture and values: Highly process-oriented, technical excellence, work with the 1% best-in-class Europe-based developers with years of experience across different industries; digital acceleration with a lean mindset; full transparency: they provide transparent and clear communication, project management, and budgeting; they take strong ownership of the projects they work on, meaning you can expect a business partner ready to help you every step of the way.

Find out Imaginary Cloud AI services and send a message if you want to talk about your project.

2. Yellow


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: Yellow excels in creating more than just software, they build business value. Their client-centric approach emphasises business needs, involving daily communication and cross-review with clients, ensuring transparent, sustainable, and scalable AI-based solutions. Yellow offers comprehensive support from concept to post-launch, making them a go-to partner for future-proof software development.

Services: Artificial Intelligence, Machine Learning, Data Science, Chatbot Development, and UX/UI Design.

Technologies: React, Vue JS, Nest JS, AWS Lambda, Express JS, Nuxt JS, Java, Kotlin, Android Studio, Flutter, SQLite, Core Data, Objective-C, UlKit, Reactive Swift, AWS, HTML, Node.js, Amazon Dynamo DB, Amazon S3, Amazon RDS, PostgresQL, JavaScript, HTML, Angular

Key clients: Fusion Markets, MeatEater, Open Audience, Notion Digital, Famlicious Inc., Bionorica, OppSites, DealStryker Inc.

Reviews: 5.0 stars on Clutch from 53 reviews

Feedback: "Yellow implemented robust security measures to protect our users' data and give them peace of mind”, "Yellow has all the resources we need, and they’ve helped us narrow down our focus so we can deliver faster”, "They’ve brought their vast experience into our project and provided us with a clear path to reach our goals."

Location: San Francisco, California, USA. Development team: Poland

Company size: 50 - 249

Founded in: 2015

Price range: $50 - $99 / hr

3. Softblues


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: SoftBlues, with 15 years of experience, specializes in web and mobile development, focusing on JavaScript technologies. Having completed over 700 projects, they work with a range of clients, from industry leaders to investment-attracting B2B startups, excelling in areas such as Business Automation, E-Commerce, Automotive, Fleet Management, and AgriTech. The company prides itself on its robust internal JavaScript ecosystem, supported by over 40 skilled Senior-Middle developers and a strong trainee program, emphasizing the growth and development of each team member towards becoming leaders in JavaScript technologies.

Services: Team Augmentation, Custom App Development, MVP Development.

Technologies: React.js, Vue.js, Node.js, React Native, Laravel, Kotlin, Net, Swift.

Key clients: Pinterest, FieldBI, AutoBI, AgroTop, Jaffle, Virtusize

Reviews: 5.0 stars on Clutch from 30 reviews

Feedback: "Softblues is great at working with startups; they’re very flexible and patient”, "The project management team is very responsive and communicates often”, "They were a well-run organization."

Location: London, United Kingdom. Development team: Ukraine

Company size: 50 - 249

Founded in: 2006

Price range: $25 - $49 / hr

4. AE Studio


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: Agency Enterprise Studio is a dynamic development, data science, and design agency, expert in crafting custom software, AI/Machine Learning, and BCI solutions to enhance human agency. Serving founders and executives, they offer a full spectrum of product design, development, and data science services. Whether acting as a CTO or collaborating with existing teams, their proficiency spans clean code development, sophisticated AI and ML technologies, comprehensive user research, and exceptional UI design, addressing various tech needs.

Services: Software Development, Data Science, UX and UI Design.

Technologies: Node, React, Next.js, Angular, Nullstack, Rails, Go, Python, PHP, React Native, lonic, Flutter, Swift, REST & GraphQL, Blockchain

Key clients: Samsung, Berkshire Hathaway, Ritual, Chance the Rapper, Protocol Labs, WhereTo, Draper Venture Network, The Publisher Desk, Walmart

Reviews: 5.0 stars on Clutch from 22 reviews

Feedback: "AE Studio is technology- and innovation-driven”, "AE Studio's attention to detail, flexibility, and agile planning allows us to move as efficiently as possible”, "They truly went above and beyond in their support and guidance."

Location: Los Angeles, CA, United States. Development team: Brazil

Company size: 50 - 249

Founded in: 2016

Price range: $200 - $300 / hr

5. micro1

micro1 logo

Best suitable for: Startups

Brief description: micro1 makes it simple for businesses to employ world-class software professionals. You don't have to worry about finding top 1% talent, foreign employment rules, or perks when you hire with them. They also offer a one-week free trial for each engineer.

When you recruit a top 1% engineer, you may use their platform to manage the talent for free. You may send bonuses, track hours, grant raises, and request replacements, among other things.

Services: Webflow, Python, React.js, Node.js, GPT-4, AWS, Artificial Intelligence, Machine Learning, UI/UX Design (Figma), QA engineering

Key clients: IMX, LegalSoft, WebFlow, DoNotPay, Octi

Reviews: 4.9 stars on Clutch from 61 reviews

Feedback: "They have stayed on top of every task and never lacked awareness", "Their design abilities were out of this world.", “Discussions felt casual and non-corporate, sharing our culture, which felt like a good fit.”

Location: Los Angeles, CA, USA. Development team: India.

Company size: 50 - 249

Founded in: 2019

Price range: $50 - $99 / hr

6. Interexy


Best suitable for: Startups, Scale-ups

Brief description: Interexy is a leading custom software development company that offers tailored software solutions and IT consulting. Their edge lies in employing only top-tier developers, ensuring rapid project initiation, and providing flexible payment models. Interexy's adaptable approach aims to exceed market standards in code quality, design, and communication.

Services: Custom software development, Healthcare development, App development (iOS, Android, Web), Web development, FinTech development (AI and ML), Blockchain development, UI/UX design.

Key clients: Sandbox, Lil Durk, General Electric, Square Inc., Cut&Shave Barbers, Xylo

Reviews: 4.9 stars on Clutch from 39 reviews

Feedback: "No task was too complex or challenging for their team", “They give us excellent service at a very competitive price”, “It was a smooth process and a good collaboration overall.”

Location: Lauderdale-by-the-Sea, FL, USA. Development team: Poland.

Company size: 50 - 249

Founded in: 2017

Price range: $50 - $99 / hr

7. Dualboot Partners


Best suitable for: Startups

Brief description: Dualboot is a corporation that specialises in business and software development. When they create your software, they create your bottom line.

Their founders have over 25 years of experience launching, leading, and selling technology companies and products. They understand what it takes to succeed and will go to any length to ensure your success. Clients include both IT and non-tech entrepreneurs, as well as Fortune 500 corporations.

Services: UX/UI Design, DevOps, Product Strategy, Web Development, Quality Assurance (QA), Mobile Development, Al & Machine Learning, Blockchain Development

Key clients: DebtBook, PetScreening, MyWorkChoice, Elevation Church, Insurance Agent, Listenwise, Crossrope, Boardroom Insiders, FleetNurse, Payzer, JibJab

Reviews: 4.9 stars on Clutch from 38 reviews

Feedback: “They were timely in responses", “Overall, their project management is second to none", “This company employs great people!”

Location: Charlotte, NC, USA. Development team: Uruguai

Company size: 250 - 999

Founded in: 2018

Price range: Undisclosed

8. Serokell


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: The company, with over 60 global experts, including those with advanced degrees in mathematics and game theory, specializes in creating fast, scalable, and secure products through a scientific approach linked to academia and research. Their innovative, well-tested software development methods result in solutions with fewer bugs and security risks. Focused on business growth, they assign a C-level executive to each project to ensure alignment with client objectives.

Services: Software development, AI consulting, Blockchain development, Auditing

Technologies: Nix, Elixir, TypeScript, Haskell, Rust, Python, Agda

Key clients: Disciplina, Tocqueville Group, IOHK

Reviews: 4.9 stars on Clutch from 22 reviews

Feedback: “We are completely satisfied with the cooperation and the results", “The most impressive aspect of Serokell was their expertise in machine learning", “They were proactive with the suggestion and worked very smart solutions for our IT system.”

Location: San Francisco,CA, USA.

Company size: 50 - 249

Founded in: 2015

Price range: $50 - $99 / hr

9. Light IT Global


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: Light IT develops cutting-edge web and mobile software for startups and corporations. They provide more than simply software development; they go deep into requirements to recommend changes, organise their workflow to cut costs, and never miss deadlines.

They have provided 500+ custom solutions for firms from Europe, the United States, Canada, Japan, China, and many more for over 17 years.

Services: Custom Software Development, Business Digital Transformation, IT Consulting, Web, Mobile, SaaS Development, Cloud Solutions, Artificial Intelligence, Machine Learning, Deep Learning, Business Intelligence, Big Data (Data Mining & Processing), QA and DevOps services, Blockchain

Key clients: Gaming Engage, CarLend Deals, Tapway

Reviews: 4.9 stars on Clutch from 41 reviews

Feedback: “They went above and beyond the requirements to deliver the best possible work, which was nice”, "They had excellent developers who really cared about the project”, ''Nothing could stop them from delivering their work.”

Location: Rickmansworth, United Kingdom. Development team: Ukraine

Company size: 50 - 249

Founded in: 2006

Price range: $25 - $49 / hr

10. Waracle


Best suitable for: Startups, Scale-ups, Enterprises

Brief description: Waracle is a leading developer of Mobile, Web, and XR applications in the UK, working with scale-ups and large enterprises. The company has over 150 experts and focuses on creating value in the health, finance, and energy sectors. Known for its 15-year track record, Waracle emphasizes partnership, customer value, and transparency, especially in regulated industries, making it a trusted choice for impactful digital solutions.

Services: Digital Product Ideation: Discovery, Scoping, MVP Digital Product; Development: UX/UI Design, Web & Mobile development, VR & AR development Digital Product; Optimisation: Usability Audit, Code Audit, App Security Review

Key clients: Virgin Money, Scottish Power, Sainsbury’s Bank, Royal London, People's Postcode Lottery, RBS, NHS, Gap, Scottish Rail, Imperial College London

Reviews: 4.7 stars on Clutch from 30 reviews

Feedback: “Thanks to Waracle, we were able to deliver work for a key partner and build capability within our team", “It was a difficult project, but Waracle was always up to the task", “The team was agile and that is really impressive.”

Location: London, United Kingdom.

Company size: 50 - 249

Founded in: 2004

Price range: $50 - $99 / hr

Artificial Intelligence Solutions  done right - CTA

Checklist for Choosing an AI Development Company

Selecting the correct Artificial Intelligence development company is an essential decision for any business looking to harness the power of AI. The first step in this journey involves understanding the critical factors that influence the success of AI projects.

According to a report by McKinsey, respondents from AI high performers are more than five times more likely than others to say they spend more than 20 percent of their digital budgets on AI. This highlights the importance of choosing an AI partner who has technical expertise and understands your specific business objectives.

It's also important to emphasise the significance of ethical AI, stating that by 2023, over 60% of organisations will consider ethics when implementing AI strategies. This underscores the need to select a company that delivers innovative solutions and prioritises ethical considerations in AI development.

Checklist to choose an AI Development Company

Factors to Consider When Selecting an Artificial Intelligence Development Company

Considering the latest trends and industry insights, let's delve into critical factors that should guide this choice.

Expertise in the Latest Technologies and Methodologies

The AI landscape continuously evolves, with new technologies and methodologies emerging regularly. A company proficient in the latest AI trends is more likely to deliver innovative and effective solutions. According to a report by Forbes, companies that adopt AI technologies can see an increase in efficiency by up to 40%.

Therefore, it's essential to choose a partner who is not only technically adept but also committed to ongoing learning and adaptation in the AI field.

A Proven Track Record of Delivering High-Quality Solutions On Time and Within Budget

Reliability and credibility are essential. A company with a history of delivering high-quality AI solutions on time and within budget is a safer bet. This track record can often be gauged through case studies, client testimonials, and industry awards.

Development Cost

The cost of AI development can vary widely based on the project's complexity, technology, and expertise level required. While it's tempting to opt for lower-cost options, balancing cost with quality is crucial. Therefore, consider the long-term ROI rather than just the initial development cost and avoid technical debt.

Years Spent on the market

Experience matters in the fast-paced world of AI. Companies in the market for several years will likely have a deeper understanding of various industry nuances and a more refined approach to AI development. They are also more likely to have faced and overcome a range of challenges, equipping them with the resilience and expertise to handle complex projects.

Communication Skills

Effective communication is critical in any technology project. The AI development company should be able to clearly articulate their ideas, progress, and any challenges they encounter. This ensures a transparent and collaborative relationship, which is essential for the success of AI projects.

The Size of the Team

The size of the development team can impact the project's agility and personalisation. Larger teams may offer more resources and faster development times, but smaller teams can provide more personalised attention and flexibility. The choice depends on the project's scope and the level of customisation required.

Benefits of Partnering with an AI Development Company

Partnering with an AI development company offers a strategic advantage that can be a game-changer for businesses across various industries. A report by Accenture states that AI has the potential to boost profitability rates by an average of 38% by 2035 and could lead to an economic increase of $14 trillion across 16 industries in 12 economies. This staggering potential underscores AI's transformative impact on business operations, innovation, and market competitiveness.

Moreover, AI's ability to analyse large datasets and derive actionable insights can significantly enhance decision-making processes. According to a survey by PwC, 54% of executives say AI solutions have already increased business productivity. This highlights the immediate and tangible benefits AI can bring, from optimising operations to driving innovation.

Enhanced Efficiency and Productivity

  • Automated Processes: AI can automate routine tasks, freeing up human resources for more strategic activities.
  • Improved Operational Efficiency: AI algorithms can optimise business operations, leading to cost savings and increased productivity.

Data-Driven Decision Making

  • Advanced Analytics: AI's ability to process and analyse large volumes of data can provide deeper insights, aiding in more informed decision-making.
  • Predictive Analytics: AI can forecast trends and behaviours, allowing businesses to anticipate market changes and customer needs.

Innovation and Competitive Edge

  • New Product Development: AI can assist in developing innovative products and services, keeping businesses ahead of the curve.
  • Market Differentiation: Leveraging AI can differentiate a business in the market, offering a unique value proposition to customers.

Enhanced Customer Experience

  • Personalised Services: AI can tailor customer experiences, increasing customer satisfaction and loyalty.
  • Efficient Customer Service: AI-powered chatbots and virtual assistants can provide quick and effective customer support.

Scalability and Flexibility

  • Adaptable Solutions: AI systems can scale with the business, supporting growth and expansion.
  • Flexibility in Operations: AI's adaptability allows businesses to adjust to market changes and new opportunities quickly.

Risk Management and Security

  • Improved Security: AI can enhance cybersecurity measures, protecting against threats and breaches.
  • Risk Assessment: AI's predictive capabilities can identify potential risks, enabling proactive management.

How was this ranking created?

The list of best software development companies follows these rules:

  1. They are ranked in the top rankings for software development companies in the United States and the United Kingdom on Clutch.
  2. They have at least 20 customer reviews.
  3. Have a total Clutch rating of at least 4.7.
  4. Have been in the market for at least 3 years and have extensive software development experience supported by a solid and trustworthy portfolio.
  5. Employ a team that is knowledgeable and skilled in developing scalable digital solutions.

We selected Clutch for the list since it is a company that helps organisations identify the most qualified providers for their needs through research and feedback. They provide verified client evaluations and ratings and in-depth research and analysis on organisations in many industries, including web app development, marketing, design, and more.

Clutch's mission is to help organisations choose service providers based on accurate information and enable them to showcase their abilities and gain recognition for their work.
There is no sponsorship in this case.

Your Next Move in Choosing an Artificial Intelligence Development Company

Deciding on the right AI development company is a critical step that can significantly influence your business's growth and innovation trajectory. And making an informed choice is not just about leveraging technology, it's about securing a strategic partner for future success. This decision goes beyond technical capabilities, encompassing a broader understanding of how AI can align with and propel your business objectives.

The journey to selecting an AI partner should be approached with a comprehensive strategy, considering not only the immediate technological needs but also your company's long-term vision.

Define Your AI Objectives

  • Identify Specific Needs: Clearly outline what you want to achieve with AI – improving customer experience, enhancing operational efficiency, or driving innovation.
  • Align with Business Goals: Ensure your AI objectives align with your broader business strategy for cohesive growth and development.

Research Potential Partners

  • Evaluate Expertise and Experience: Look for companies with proven expertise in your industry or in solving similar business challenges.
  • Check References and Case Studies: Understand their track record through client testimonials, case studies, and industry recognitions.
  • Ethical AI Practices: Choose a partner committed to ethical AI development, addressing data privacy and algorithmic bias concerns.
  • Regulatory Compliance: Ensure they adhere to your industry's relevant legal and regulatory frameworks governing AI.

Assess Technical Compatibility

  • Technology Stack Assessment: Verify that their technology stack is compatible with your existing systems and future tech plans.
  • Innovation and R&D Capabilities: Consider their commitment to research and development, which is crucial for staying ahead in the rapidly evolving AI landscape.

Evaluate Communication and Collaboration

  • Effective Communication: A partner with clear and transparent communication can significantly ease the collaboration process.
  • Collaborative Approach: Look for a company that values collaboration and is willing to work closely with your team.

Plan for Scalability and Support

  • Scalable Solutions: Ensure the AI solutions can grow and adapt to your business.
  • Ongoing Support and Training: Post-deployment support and training are crucial for successfully integrating and utilising AI technologies.

Final Thoughts

As we conclude our journey through the world of AI development companies, it's evident that selecting the right partner is crucial to your business's future in the digital era. This choice goes beyond mere technical implementation; it's about embracing a transformative approach that aligns with your strategic objectives and propels your business forward. In a landscape where AI is essential for a competitive edge, your AI development partner becomes a cornerstone in your journey towards innovation and growth.

Are you ready to take this transformative step with AI? Assess your business needs, align your goals with AI's potential, and seek a development company that matches your vision. The future is for those who embrace change and innovation. Contact Imaginary Cloud today and embark on a path to a smarter, more efficient, and innovative future for your business. Let's unlock new possibilities together!

New call-to-action