CB Insights Reveals the AI 100 List At The Innovation Summit
Sentient Technologies Selected to the 2017 AI 100, Highlighting Advancements in Massively Distributed AI, Disrupting Commerce and Financial Trading
Santa Barbara, CA, January 11, 2017 — CB Insights today selected Sentient Technologies to its prestigious Artificial Intelligence 100 list (“AI 100”), a select group of emerging private companies working on groundbreaking 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.
“It’s an honor to be recognized by CB Insights as one of the few true AI pioneers,” said Antoine Blondeau, Co-founder and Chief Executive Officer at Sentient Technologies. “The scale and breadth of our AI technologies lets us build autonomous decision-making products across multiple industries that both mimic and augment human performance giving our customers an unprecedented competitive advantage.”
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, which 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.
● Companies in the AI 100 have made breakthroughs in healthcare, drug discovery, business intelligence, gaming, manufacturing, and many other industries.
● 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.
Sentient creates artificial intelligence software that transforms how businesses tackle their complex, mission critical problems. To do this, Sentient is building a fully verticalized artificial intelligence company, combining an incredibly powerful distributed AI platform, massive amounts of low-cost compute, and the ability to create products that deliver breakthroughs for the world’s most important industries. Sentient’s current products target the disruption of digital commerce and financial trading. Sentient’s Intelligent Commerce products include Sentient Aware, which uses deep understanding of product images and shopper behavior to increase engagement and sales for world-class retailers, and Sentient Ascend, the first conversion rate optimization solution that leverages the power of evolutionary algorithms to find winning website designs. Sentient Investment Management runs a hedge fund where all trades are made by the AI with no human involvement.
In addition to its commercial pursuits, Sentient invests significantly in AI research. It has applied for 38 patents and has been granted 11 to date. Sentient partners with MIT, Oxford, and other leading universities on cutting-edge AI research, which advance the Sentient platform and solve key scientific challenges impacting society.