As industry after industry adopts AI, we expect this year’s class will see similar levels of interest from investors, acquirers and customers.”Īccording to CB Insights, since 2010, the AI 100 2021 cohort has raised over $11.7 billion in equity funding across 370+ deals from more than 700 investors. “Many also went on to exit via M&A, SPAC or IPO. “Last year’s AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds,” Sanwal stated. ![]() While the names of these private companies might not be familiar to consumers, investors have taken note. In a press release acknowledging its return to the CB Insights list, AI.Reverie’s co-founder and CEO Daeil Kim said in part, “Synthetic data is now a must-have, and more and more enterprises, government agencies and NGOs are tapping the AI.Reverie platform to accelerate AI development while protecting data privacy.” Air Force Advanced Battle Management System. The company in January won a $980 million contract with the U.S. SEE: Natural language processing: A cheat sheet (TechRepublic)ĭuring 2020, AI.Reverie said it grew three times as the demand for synthetic data to train vision algorithms spiked. It added that its unique toolset preserves data privacy and provides the control to prevent bias in AI. The company said it creates a virtually endless supply of annotated images and videos that accelerate computer vision and machine learning across domains. The synthetic data platform AI.Reverie made its second appearance on the AI 100 list. The products the companies are bringing to market range from revenue-cycle management for hospitals to autonomous beekeeping and municipal waste sortation, the firm said in a blog post, highlighting “the breadth and depth of AI’s impact on industries.” Hiring Kit: Artificial Intelligence Architect ![]() Organizations are far more likely to realize value from AI when their workers do More must-read AI coverageĨ most innovative AI and machine learning companies “This year’s cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D,” said CB Insights CEO Anand Sanwal in a press release. The firm released its annual list this week, culled from over 6,000 companies. One way to gauge the deployment of artificial intelligence in the marketplace is to track CB Insights’ top 100 most-promising private AI companies to watch. The startups represent 18 core industries with a broad range of cross-industry applications, the firm says. CB Insights reveals 2021 cohort of 100 most-promising AI companies
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