CB Insights’ AI 100—the AI Companies to Watch Out For

Data integrator and analyzer CB Insights has identified the AI 100—the top 100 companies that have worked on ground breaking/innovative artificial intelligence (AI) technologies to solve big challenges. CB Insights is backed by venture capital investors and the National Science Foundation. Its proprietary software uses machine learning and algorithms apart from data visualization, to aggregate and analyze terabytes of data.

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Anand Sanwal, CEO & Co-founder, CB Insights, announced the winners of the prestigious “AI 100” at “The Innovation Summit” held by the company for top investors and executives. These companies have used AI for applications in various industries, including manufacturing, healthcare, business intelligence, drug discovery and gaming.

Data integrator and analyzer CB Insights has identified the AI 100—the top 100 companies that have worked on ground breaking/innovative artificial intelligence (AI) technologies to solve big challenges. CB Insights is backed by venture capital investors and the National Science Foundation. Its proprietary software uses machine learning and algorithms apart from data visualization, to aggregate and analyze terabytes of data.

Anand Sanwal, CEO & Co-founder, CB Insights, announced the winners of the prestigious “AI 100” at “The Innovation Summit” held by the company for top investors and executives. These companies have used AI for applications in various industries, including manufacturing, healthcare, business intelligence, drug discovery and gaming.

The winners were selected by the CB Insights research team based on:

  • Data provided by the companies—about 500 companies applied or were nominated
  • Interviews
  • Technology focus
  • Investor profile
  • Team profile
  • Funding history
  • Mosaic Score, an algorithm built by CB Insights and funded by the National Science Foundation, which provides predictive intelligence into the health of 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,” said Sanwal.

The companies in the AI 100 list are:

The list includes start-ups at different stages of investment from seed or angel companies to well-funded unicorns. Some key facts about the investments in these companies are:

  • These start-ups have managed to raise an aggregate funding of about $3.8 billion across 263 funding deals since 2012.
  • The AI 100 list includes five unicorn start-ups, which are companies that reached a valuation of $1 billion or more—Zoox (auto-tech), UBTECH (robotics), iCarbonX and Benevolent.ai (healthcare) and Insidesales.com (sales-tech).
  • The corporate investor who was most active backing seven companies on the AI 100 list was Bloomberg Beta, who backed start-ups like Gigster, Deep Genomics and DigitalGenius. Google Ventures, Intel Capital, Tencent Holdings and Samsung Ventures backed five start-ups each.
  • Venture Capitalists (VCs) who backed the most number of companies in the AI 100 list were Data Collective, who backed 14 start-ups including Zymergen, Cape Analytics, Citrine Informatics, Freenome and Descartes Labs and Khosla Ventures New Enterprise Associates, who  backed eight companies.
  • Out of nine mega funding rounds of more than $100 million since 2014, six were in 2016.
  • Zoox, an auto-tech company, raised the maximum of $290 million, out of which $200 million was from one round of funding from Draper Fisher Jurvetson and Lux Capital.
  • Insidesales.com, developer of a predictive scoring and analytics sales platform, raised the second highest total funding of $199 million.