There are 8 Companies in Madrid
that provide Artificial Intelligence Services!

Although Madrid is not Spain’s largest tech center, in the past 7 years it grew dramatically and proved that it’s worth investing in companies and startups located there. The average fundings the city receives for startup programs is around $360M/year. Even though the amount of money is considerably higher than between 2010-2016, Madrid is far behind in investing real money compared to Europe’s leading tech centers (London $5.65B; Paris - $2.77B; Berlin - $2.67B).

Even so, back in 2019 Madrid was the home of over 1235 startups and now in 2021, the number is probably higher, despite the pandemics. However, these startups in Madrid are small in relatively new and do not attract large investments, which is totally different from Barcelona where tech startups have managed to attract a considerable amount of investors - with almost the same amount of startups the investments rose above $900M in 2019 only. 

On the other hand, Madrid and Barcelona are making out of Spain an example in the tech and IT industry. Spain managed to do what France and the UK could not achieve - decentralize the tech market. So now if we put Madrid and Barcelona’s tech stage together, Spain looks like a startup nation with a higher digitalization potential in all fields. Talking about startups, there a series of programs, accelerators, and incubators located in Madrid that power-up the tech scene and develop the business environment. Some of the most notable are Warya Spain, Impact Accelerator, Fundacion Repsol, Fil Rouge Capital, and Wanajump. 

Also, there are a series of tech behemoths and international corporations with offices in Madrid - Amazon, Vodafone, Ericsson-Worldwide, Amadeus, and Airbus. After all, Madrid is still Spain’s capital. 

When it comes to salaries -  we didn’t believe it either, but numbers are numbers, and glassdoor data states that the average wage in IT for professionals in Madrid is even higher than in Barcelona. 

Overall, Madrid is a good destination for investors, IT companies, young professionals, and generally for businesses that seek professional digital assistance. If the city will continue its digital transformation will probably become one of Europe’s top tech hubs.

Artificial Intelligence (AI) has emerged as a transformative technology, revolutionizing industries and unlocking new possibilities. It includes a range of services that leverage advanced algorithms and machine-learning techniques to enable machines to simulate human intelligence. These services include natural language processing, AR/VR development, data analysis, and virtual assistants, to name a few. AI is often intertwined with other similar services, such as data science, big data analytics, and sales automation, collectively forming a powerful ecosystem of intelligent solutions.

According to Forbes, 64% of business owners believe AI has the potential to improve customer relationships, indicating a positive outlook on the role of AI in enhancing client interactions

By implementing AI services in their working processes, companies can get a series of benefits, among which are:

• Enhanced efficiency in repetitive tasks
• Improved analytics.
• Enhanced Customer Experiences
• Process optimization

When selecting an AI service provider for a project, it is recommended to consider a series of criteria that would bring you closer to the best-suitable companies you want to work with. Some of the most important are: 

• Expertise and Experience: Look for companies with a proven track record in developing AI solutions relevant to your industry.

• Location: If this is important to your business or project requirements, choose a company that suits your geographical needs, and avoid cultural, and linguistic barriers

• Team size: depending on how urgent you need the project to be delivered, by selecting a company with more resources - you ensure a faster execution

• Hourly rates: even the best matching companies may have an hourly rate that could surpass your budget. To make sure you are on the same financial wave with your potential AI development partners, choose the hourly rate that gets closer to your project.

TechBehemoths, a trusted platform in the tech industry, can assist in selecting the best AI companies for your projects. With a comprehensive directory of AI service providers that includes more than 1200 specialized companies across 50+ countries, TechBehemoths offers unbiased reviews, ratings, and detailed profiles, helping you make informed decisions. The platform features a robust search functionality, allowing you to filter companies based on industry expertise, location, and other project requirements.