CB Insights 2nd Annual AI 100 List
CB Insights unveiled the second annual AI 100, a list of 100 of the most promising private companies applying artificial intelligence algorithms across 25+ industries, from healthcare to cybersecurity @ the A-Ha! conference in San Francisco.
The companies were selected from a pool of 2,000+ startups based on several criteria, including investor profile, tech innovation, team strength, patent activity, mosaic score, funding history, valuation, and business model.
In aggregate, the AI 100 companies have raised $11.7B in equity funding across 367 deals.
Some of the startups are specializing in specific use cases within the industries. For instance, AiCure specializes in medication adherence, Gong on caller analytics for sales teams, and Zest Finance on credit underwriting.
The startups are in various stages of research and funding, from seed/angel (Mobalytics, Text IQ, Merlon Intelligence) to Series E+ (Affirm, C3IoT, and InsideSales).
With applications across imaging and diagnostics, virtual assistants, remote monitoring, in-hospital care etc.. the AI healthcare space has seen a record rate of new companies entering the space every quarter.
Eight of the AI 100 companies are developing AI solutions for the healthcare industry.
Flatiron Health, which uses human-assisted machine learning to mine health data, entered the unicorn club in early 2016 when it was valued at $1.2B after raising a $175M Series C
Insilico Medicine entered into a partnership with GlaxoSmithKlein to speed up the drug discovery process, an emerging space in healthcare
New York-based mobile SaaS platform AiCure uses image and facial recognition algorithms to confirm medication ingestion.
Source : https://www.cbinsights.com/research/artificial-intelligence-top-startups