NEW YORK--(BUSINESS WIRE)--CB Insights today again named Falkonry to its annual AI 100 ranking that showcases the 100 most promising private artificial intelligence companies in the world. Featured in CB Insights’ BI and Ops Intelligence category, Falkonry’s operational AI products have experienced rapid adoption around the world due to their ability to save companies millions of dollars annually through improvements in production uptime, quality and yield as well as in improved signal intelligence for defense applications. In particular, Falkonry has seen significant growth in the oil & gas, manufacturing, metal production, mining operation and defense & intelligence markets.
“Being named to the CB Insights AI 100 list for two consecutive years recognizes the product innovation for bringing AI to operational decision making and highlights the momentum Falkonry has gained by solving some of the most difficult AI challenges customers face during their digital transformation journeys,” said Dr. Nikunj Mehta, Falkonry Founder & CEO. “Unlike traditional AI, Falkonry’s solutions empower a company’s current operations teams to scale their predictive operations initiatives with lower total cost of ownership and shorter time to value than typical alternatives.”
“It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired,” said CB Insights CEO Anand Sanwal. “It has been gratifying to see that CB Insights' data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond."
In addition to disrupting core sectors including healthcare, retail, and finance, the 2020 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 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.
Quick facts on the 2020 AI 100:
- As of the end of February 2020, these 100 emerging private companies have raised over $7.4B in funding across 300+ deals from 600+ unique investors.
- There are 10 unicorns (companies valued over $1B) in this year’s AI 100 cohort.
- The list spans across various industries, including healthcare, retail & warehouse, and finance & insurance.
- 13 countries, such as China, Sweden, and Japan, are represented on the ranking. The majority of startups (65%) are based in the United States.
About CB Insights
CB Insights helps the world’s leading companies accelerate their digital strategy and transformation efforts with data, not opinion. Our Emerging Tech Insights Platform provides companies with actionable insights and tools to discover and manage their response to emerging technology and startups. To learn more, please visit www.cbinsights.com.
Falkonry enables predictive operations at scale for companies looking to achieve significant improvement in production uptime, quality and yield. Falkonry’s Operational AI systems lower the total cost of ownership and shorten the time to value for manufacturing and operations teams by enabling them to automatically discover, predict and explain behaviors that impact their operations - without requiring data scientists. These products easily scale across the enterprise either on-premises, in the cloud or on the edge. Customers achieve initial results in as little as a few weeks, enabling them to save millions of dollars in operating costs and achieve a 3-5 times ROI annually. For more information about Falkonry and its offerings, please visit www.falkonry.com