CB Insights Reveals the AI 100 List At The Innovation Summit

Automat Selected to the 2017 AI 100, Highlighting Advancements in Conversational AI Marketing for Messaging

SANTA BARBARA, CA, Jan. 11, 2017 /PRNewswire/ - CB Insights today selected Automat Technologies, Inc (automat.ai) 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're honored to be the only messaging-focused bot company to be named to the AI 100," said Andy Mauro, CEO of Automat. "We believe in a world where every company can have a personalized one-on-one conversation with every customer via messaging.  The Conversational AI advances our team has pioneered in the last year will help companies and brands engage with and understand their customers to better provide them with the products and services they want and need."

Companies such as Affectiva, Blue River Technology, Deep Instinct, Sentient Technologies and Orbital Insight joined Automat 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.

Quick facts about Automat

Automat sits at the intersection of two macro trends: the rise of messaging and AI.  Messaging has emerged as the killer app for mobile and its usage has overtaken social networking.  AI provides a means for companies and brands to interact with their customers in a conversational, friend-like way, learn about their needs and preferences and deliver a more intimate and personalized experience.  For the first time companies have an opportunity to engage in one-on-one conversations with all of their customers, at scale, addressing the following important pain-points in their businesses –

• Growing sales, particularly through ecommerce, via a new, frequently used channel
• Helping get a tangible return from social media investments by connecting product content with commerce capability
• Creating a bi-directional communication channel with their most valuable customers that far exceeds the performance traditional means, such as email
• Driving loyalty and brand affinity by meeting their customers where they already are, in a medium that is usually associated with friends and family

As an example, in partnership with influencer marketing company theAmplify, Automat recently delivered a messaging bot for Covergirl that resulted in 1200x more message sent to the bot than comments to the comparable social media post, with over a third of all users converting towards product purchase. User sentiment towards the bot was far higher than industry norms with 86% of users either loving or liking the experience.

Automat's differentiation includes: (1) a platform that is tailor-made to address the challenges of delivering AI-driven messaging experiences, (2) a focus on conversational marketing use cases that drive real ROI, and (3) the team's collective experience delivering conversational software over the past two decades such that Automat is now enabling anyone – including marketers and creatives, not just developers – to create conversational campaigns powered by artificial intelligence.

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.

Contact:
Emily Veach, Communications manager
[email protected]
+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:
https://www.cbinsights.com/research-ai-100

To learn more about CB Insights' Innovation Summit, go here:
http://events.cbinsights.com/corp-innovation-2017

About Automat
Automat is helping companies use AI to talk to their customers, understand them and serve them better. We're the first conversational marketing platform powered by artificial intelligence and we believe in a world where every company can have a personalized one-on-one conversation with every customer.  For more information about Automat, visit www.automat.ai.
CONTACT:   Andy Mauro, CEO, [email protected]

SOURCE Automat Technologies, Inc