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8 Top Companies for AI Development in 2024

6 min read

Over the past five years, Artificial Intelligence (AI) has transformed data processing, enhancing the efficiency and security of business operations. A report by McKinsey Global Survey indicates that global adoption of AI/ML technologies was more than double at the end of 2022 compared with 2017, reflecting the growth of AI across industries.

While companies have compelling opportunities to incorporate AI into business operations, its successful implementation requires specialized expertise that many organizations lack. Choosing the right partner with a proven track record is crucial for maximizing the advantages of new technologies and preventing expensive errors or project setbacks. 

In developing numerous AI/ML solutions, we at HQSoftware have experienced the many challenges that can arise while implementing anomaly detection, demand forecasting, or automated data processing. If AI is not implemented correctly, it may hinder rather than enhance your business processes.

Table of contents:

Which are the 8 top AI development companies in 2024?

How did We Rank These AI Software Development Companies?

Recap and Conclusion

To help you select a skilled partner for AI projects, our experts have evaluated some top AI solutions companies based on their expertise, experience, portfolio quality, client feedback, and team capabilities.

Which are the 8 top AI development companies in 2024

Below, we’ll profile 8 Artificial Intelligence services companies in no particular order, all poised to shape the direction of the industry in 2024. 

  1. HQSoftware
  2. Systango
  3. LeewayHertz
  4. Dogtown Media
  5. Accubits Technologies Inc
  6. Matellio
  7. Markovate
  8. Simform


HQSoftware. Top AI developement company - 8 Top Companies for AI Development in 2024

HQSoftware is acknowledged by Digital Journal, Clutch, and Goodfirms as an international provider of IT services with key areas of expertise in AI/ML, AR/VR, and IoT.

The company is an expert in the development of ML-powered forecast models with projections accuracy of up to 96.7%. In addition, the company provides engineering solutions in the fields of anomaly detection, data processing, predictive analytics, and more.

These allow for breakdown projections, a high level of data security, and precise schedule planning, which typically leads to decreased associated costs. This is highly beneficial across complex industries, such as fintech, warehouse management systems, healthcare, and e-learning.

Cross-industry experience and adherence to EU law, HIPAA, HITECH, and other regulations have helped numerous clients, such as HTC, BBC, SEGA, and Skoda, benefit from top-notch solutions.


  • AI consulting;
  • Data engineering, integration, and synchronization;
  • Data analytics and visualization;
  • ML models engineering and performance optimization;
  • Recommendation generation.


Systango. Top AI development company png - 8 Top Companies for AI Development in 2024

Systango offers expertise in driving AI solutions within supervised and unsupervised learning, deep learning, statistical modeling, and data mining. With a team of designers and AI engineers, the company provides solutions for entertainment, e-commerce, iGaming, fintech, and social networks.

The company uses an individual service approach that has led to successful partnerships with both startups and large organizations, including Deloitte, WayLeadr, FretZealot, Sila, Space and Time. 

The AI services company operates in four time zones, providing 24/7 support.


  • Blockchain
  • Generative AI
  • BI & Big Data consulting & SI


LeewayHertz. Top AI development company - 8 Top Companies for AI Development in 2024

LeewayHertz develops and integrates AI models for smart businesses, starting from strategy formation to modernizing inefficient technological systems.

The company is expert in tailor-made AI solutions such as voice assistants, predictive maintenance systems, sentiment analysis tools, and more.

With expertise spanning across diverse domains of AI and Data Science and the development of various AI models, LeewayHertz has provided a comprehensive suite of AI services for numerous clients, such as Hershey’s, Shell, Siemens, etc.

Industries they’ve worked in include fintech, retail, healthcare, consumer electronics, insurance, logistics, manufacturing, and travel.


  • AI technology consulting
  • End-to-end AI model development
  • Fine-tuning models
  • AI model integration and optimization
  • AI conversational tools

Dogtown Media

Dogtown Media. Top AI development company. png - 8 Top Companies for AI Development in 2024
Dogtown Media

With over a decade of experience in AI software development services, the company architects AI apps for core mobile service sectors: mhealth, edtech, fintech, social media, geolocation and mapping.

Their work spans a wide range of technologies, including computer vision, natural language processing, and advanced ChatGPT LLM deployments. Enterprises and startups alike leverage the company’s technical skills to build tailored AI and IoT solutions to meet their unique business needs.

Dogtown Media developed an innovative chatbot called Shoutout for the Google Home and Google Assistant ecosystems. Shoutout integrates user-generated content into the conversational capabilities of Google Assistant, representing an innovative implementation of the platform’s conversational interface.


  • AI consulting
  • AI development
  • Mobile AI applications

Accubits Technologies Inc

Accubits Technologies Inc. Top AI development company. png - 8 Top Companies for AI Development in 2024
Accubits Technologies Inc.

Accubits develops data-focused solutions for mobile, cloud and web applications. The company has been developing blockchain technology for many years, making it one of the longest-standing and most knowledgeable firms in the blockchain development field.

Additionally, Accubits offers a comprehensive portfolio of AI development services, from advising on AI technology roadmaps to customizing AI applications.

Through a consultative process, they assist clients in determining how to best structure AI software and employ machine learning, natural language processing, computer vision, and predictive analytics to optimize processes, increase efficiencies, or boost revenue streams.


  • AI consulting
  • AI product development
  • Generative AI
  • AI model development
  • AI-powered automation


Matellio. Top AI development company. png - 8 Top Companies for AI Development in 2024

Matellio leverages its experience in developing AI/ML applications, continuous AI research and 24/7 technological assistance. With tailored intelligent systems, Matellio enables clients to gain deeper customer insights, increase revenues, and optimize operational efficiency.

Whether the goal is to optimize operations or improve customer experiences, Matellio incorporates into the work process AI techniques, such as robotic process automation, recommendation engine, conversational AI, computational vision, and machine learning. 

With a successful track record, Matellio has completed more than 1100 projects for clients in a wide range of industries, such as healthcare, finance, retail, etc., having achieved a 98% customer retention rate.


  • AI development
  • AI consulting
  • ML solutions
  • Natural language processing


Makrovate. Top AI development company - 8 Top Companies for AI Development in 2024

With  technical expertise in scalable machine learning, deep learning, natural language processing, and computer vision, Markovate engineers build AI solutions from initial research through long-term support. The company provides various AI software development services, including both consumer and enterprise end-to-end app development within healthcare, fintech, retail, SaaS, travel, and fitness industries.

Markovate leverages a full-stack development approach to create robust, enterprise-grade AI products for effective behavior analysis, automated customer service, and strong cybersecurity.

The company’s accomplishments are proven by numerous clients, including Dell, AT&T, and Ripple.


  • AI development
  • Generative AI
  • AI consulting
  • Blockchain


Simform. Top AI development company. png - 8 Top Companies for AI Development in 2024

Simform is an Artificial Intelligence software development company well-known for utilizing machine learning tools and algorithms, natural language processing and computer vision, to develop intelligent applications.

In addition to developing ML models, the company also offers end-to-end data science services. Simform specializes in processing various data types, constructing predictive algorithms, and transforming model outputs into clear, actionable intelligence for driving business objectives.


  • AI product development 
  • AI-driven chatbots 
  • Computer vision 
  • Natural language processing 
  • Machine learning development

How did We Rank These AI Software Development Companies?

To determine the most deserving Artificial Intelligence solution providers, we conducted extensive research and assessed companies based on several key criteria, including:

  • Experience and expertise in AI/ML technologies. We checked the companies’ websites and the past projects and assessed the expertise of the engineers. Based on our findings, we shortlisted the companies that have strong track records of delivering complex AI projects.
  • Portfolio. To assess portfolio quality, we thoroughly analyzed case study depth, breadth of solutions, client profiles, and ensured projects variety across industries. We selected companies that demonstrated strong track records of delivering impactful outcomes for clients.
  • Client reviews and ratings. We researched testimonials and third-party ratings mentioned on platforms, such as Clutch or Capterra, and other social media channels. 
  • Team size and talent. We chose companies that can take on large-scale projects with dedicated domain expertise.
  • Locations and global delivery. We considered the development teams that are available for both on-site and remote collaborations worldwide.
  • Certifications and partnerships. To find leaders with rigorous quality and security awards we reviewed certifications listed on the company website and independently verified status through authorized sources. Considering the results, we selected achievements that are recognized through certificates, such as Inc. 5000, ISO, etc.

These are the  essential criteria to consider when selecting an AI development agency and served as the foundation for our top choices.

Frame 29 min - 8 Top Companies for AI Development in 2024

Want to enhance your software with AL/ML? We’re ready to help!

HQSoftware has a team of skilled professionals ready to tackle the project. Ask me!

Anna Halias
Business Development Manager

Recap and Conclusion

AI development demands a high level of expertise that comes from extensive hands-on experience building complex intelligent systems and transparent communication throughout the collaboration.

By choosing an AI services company that values expertise, you ensure that the AI development team possesses the necessary skills and knowledge to tackle the intricacies of your project. 

It is also important that the company can provide post-implementation support and monitor the performance of AI models, so your business remains efficient in the long run.

Successful past projects, client references, and case studies prove our competence in delivering top-notch AI systems and post-project support.

At HQSoftware, we prioritize technical skills, proven execution, and an emphasis on joint problem-solving over the long term. Our development team has extensive skills in building intelligent solutions as well as the knowledge needed for applying AI to business problems.

So, when seeking Artificial Intelligence solution providers, don’t just evaluate an agency’s capabilities on paper, but look for a tangible track record that proves their ability to handle your project. 

Contact us to discuss how we’ve helped organizations just like yours and why we should be your trusted advisor for the next solution.

Andrei Kazakevich

Head of Production

To ensure the outstanding quality of HQSoftware’s solutions and services, I took the position of Head of Production and manager of the Quality Assurance department. Turn to me with any questions regarding our tech expertise.

LinkedIn Email

Read also

How to Implement AR/VR Solutions: Use Cases for Your Industry (7 Industries with Examples)

Mixed Reality for Education: When to Use VR vs AR

AR/VR Ideas for Corporate Events

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