SANTA BARBARA, Calif., Jan. 11, 2017 /PRNewswire/ -- CB Insights today selected Dataminr to the prestigious Artificial Intelligence 100 list ("AI 100"), a select group of emerging private companies working on ground breaking artificial intelligence technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the winners during The Innovation Summit, a gathering of top executives and investors to explore the industries of the future.
"We are thrilled to be named to this year's AI 100 list," said Dataminr CEO Ted Bailey. "Dataminr's inclusion is further evidence that our groundbreaking AI technology has fundamentally changed the way corporations, financial firms, newsrooms, and emergency responders first learn about breaking information and most effectively respond to real-time challenges and opportunities."
Companies such as Affectiva, Blue River Technology, Deep Instinct, Sentient Technologies and Orbital Insight joined Dataminr in being recognized for their amazing teams, technology, and traction in front of an audience of 400 senior executives from around the world.
The CB Insights research team selected the AI 100 winners based on a combination of data submitted by the companies, responses to interview questions and the company's Mosaic Score. Mosaic is an algorithm built with funding from the National Science Foundation that gives predictive intelligence into the health of private companies.
"From financial services to healthcare to transport, incumbent companies in every industry are seeing that AI will reshape their industries. And as so often happens, transformational innovation comes from emerging companies. In the case of AI, a lot of the groundbreaking work is being done by the AI 100. The companies in the AI 100 are accelerating research, improving efficiency, and making many game-changing advancements that will be felt for decades to come," CB Insights CEO Anand Sanwal said.
Quick facts on the AI 100:
- In total, these 100 emerging private companies have raised $3.8B across 263 deals since 2012, according to CB Insights.
- Applications of their technology include breakthroughs in healthcare, drug discovery, business intelligence, gaming, manufacturing, and much more.
- More than 1,650 companies were nominated or applied for the AI 100 (only 6% were selected).
- Data Collective has backed 14 of the AI 100 companies, while NEA backed 8 and Bloomberg Beta backed 7.
- There have been 9 mega-rounds (funding rounds of $100M or more) to AI 100 companies since 2014.
- Five AI 100 companies have reached a valuation of $1B or more (also known as unicorn status).
- 11 countries are represented among the winners.
In 2016, demand for Dataminr continued to grow at a tremendous pace. Use expanded into the Corporate Security vertical with clients among many of the Fortune 500 across multiple sectors. Dataminr also established a strong global foothold among buy and sell side firms, newsrooms and the public sector.
The AI 100 Winners:
Blue River Technology
Loop AI Labs
Pilot AI Labs
Rokid Corporation, Ltd.
Semantic Machines, Inc.
Zebra Medical Vision
About CB Insights
Our team comes to work every day to build technology that helps corporations guess less and win more. We aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.
With backing from the National Science Foundation and venture capital investors, we mine terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, and more. Our software algorithmically analyzes this data to help our clients see where the world is going tomorrow, today.
*We have MBAs.
Emily Veach, Communications manager
+1 212-292-3148, ext. 1007
About The Innovation Summit
From voice and chat interfaces to AI replacing investment managers and doctors to the new revenue models enabled by the Industrial Internet of Things, the Innovation Summit marries CB Insights' emerging trend research with the thinking of the world's smartest minds - leading VCs, economists, researchers and corporate strategists.
For more information about the AI 100, visit:
To learn more about CB Insights' Innovation Summit, go here: http://events.cbinsights.com/corp-innovation-2017
Dataminr transforms real-time data from Twitter and other public sources into actionable alerts, identifying the most relevant information in real-time for clients in Finance, the Public Sector, News, Corporate Security, and Crisis Management. Dataminr has pioneered a groundbreaking technology that identifies, classifies, and determines the significance of real-time information and delivers the earliest alerts for breaking news and real-world events. With Dataminr, users can respond quickly to the events and disruptions that can impact their people, assets, portfolios, and operations.
For more information, please visit http://www.dataminr.com