NEW YORK, Feb. 6, 2019 /PRNewswire/ -- CB Insights today named Taranis, a leading precision agriculture intelligence platform, to the third annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
"After being named to the AI 100 in 2018, last year's honorees raised nearly $4.5B across 45 deals with six going on to be valued at $1 billion or more," said CB Insights CEO Anand Sanwal. "The data we compiled on this year's nominees, ranging from their customers to their patents to their CB Insights' Mosaic scores, revealed 100 AI companies that are driving transformation across a number of industries and which are taking on a variety of large societal issues ranging from disaster management to cancer diagnosis to detecting fake news. We expect these companies will see similar levels of momentum and progress in 2019 and are excited to continue to track their progress."
In addition to disrupting core sectors including healthcare, telecommunications, semiconductor, government, retail, and finance, the 2019 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, Israel, Japan, China, Germany, Sweden, and Canada, and are supported by more than 680 investors from 29 countries.
"We are delighted to be positioned amongst the top 100 most innovative artificial intelligence startups and see this as a confirmation that our work using AI to help farmers solve agronomic problems is game-changing," said Ofir Schlam, founder and CEO of Taranis. "We have created a one-of-a-kind solution that leverages both hardware and AI capabilities to accurately monitor fields and identify specific crop stresses such as weeds, insects and diseases to greatly improve yields for farmers at a time when a booming population and diminishing resources loom.''
Through an evidence-based approach, the CB Insights research team selected the AI 100 from over 3,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
Taranis is an Israeli AgTech startup changing the way farming is practiced by harnessing AI and proprietary sub mm imagery to help farmers effectively monitor thousands of acres of land. Its extensive database utilizes deep-learning technology, combined with high-speed UAVs and manned aircrafts, to identify crop threats on a granular level, enabling farmers to make informed decisions and act on them quickly. Taranis' platform aggregates a multitude of data streams and sensors available and turns them into insights, offering farmers and agronomists a scalable answer to plot management strategy. Overseeing millions of acres of farmland, Taranis provides next-gen solutions to farmers, empowering them to address issues in real-time, cutting costs and increasing yields by 7.5%. The company recently raised $20 million in Series B funding and currently services large farmers in US, Canada, Brazil, Argentina, Russia, Ukraine and Australia.
Quick facts on the 2019 AI 100:
- As of EOY 2018, these emerging private companies have cumulatively raised $9.4B across 375 deals.
- Ten companies have reached a unicorn valuation of $1B or more.
- Over 680 unique investors from 29 different countries have backed the companies in this year's cohort.
- Over 680 US patent applications have been filed by the AI 100.
- Twenty-five previous honorees were featured on this year's list, in addition to 75 new companies.
- Eight countries are represented on the ranking, and the majority of the companies are based in the United States.
The AI 100 Companies (in alphabetical order):
Area 1 Security
Benson Hill Biosystems
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Taranis is a leading precision agriculture intelligence platform that uses sophisticated computer vision, data science and deep learning algorithms to effectively monitor fields. The system enables farmers to make informed decisions by detecting early symptoms of weeds, uneven emergence, nutrient deficiencies, disease or insect infestations, water damage and equipment problems. Overseeing millions of acres of farmland in Argentina, Brazil, Russia, Ukraine and the United States, Taranis gives farmers the tools to address issues in real-time, increasing yields and cutting costs. Taranis employs over 50 people worldwide and is headquartered in Tel Aviv with subsidiaries in Argentina, Brazil and the U.S. To learn more, please visit Taranis' website at http://www.taranis.ag/.
Hyeri Kim, PR Manager
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SOURCE CB Insights; Taranis