SAN FRANCISCO--(BUSINESS WIRE)--CB Insights today named AEye to the prestigious AI 100, a select group of promising private companies working on groundbreaking artificial intelligence technology. CB Insights CEO and co-founder Anand Sanwal will reveal the full list of the second annual AI 100 companies at the A-ha! conference in San Francisco.
"Last year's AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went onto raise additional funding nearing $2B and 5 were acquired.
This year's list was culled from 1000+ applications and looks even more impressive. These are companies using artificial intelligence in industries from drug discovery and cybersecurity to robotics and legal tech. I'm happy that CB Insights is able to shine a light on the founders and companies that will revolutionize these industries and look forward to seeing what they do in 2018 and beyond," said CB Insights CEO Anand Sanwal.
"We are honored to be included on this list with so many impressive innovators," said Luis Dussan, founder and CEO of AEye. "We created iDAR (Intelligent Detection and Ranging) to power robotic perception in a new generation of augmented and autonomous vehicles. The future is upon us, and we are excited to be a part of it."
The CB Insights research team selected the AI 100 companies based on criteria, examining company-submitted data and the company’s Mosaic Score. The Mosaic Score, based on CB Insights’ National Science Foundation-funded algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
Companies such as Zoox, Shield AI, Zest Finance, Dynamic Yield, Appier, and CognitiveScale joined AEye in being recognized for their innovative technology in front of an audience of 400 senior innovation executives from around the world and news outlets including The Financial Times, CNBC, Reuters, Bloomberg and the Washington Post.
AEye is a robotic perception pioneer. The company recently introduced iDAR™, a new form of intelligent data collection that enables rapid, dynamic perception and path planning. iDAR combines the world’s first agile MOEMS LiDAR, pre-fused with a low-light camera and embedded artificial intelligence - creating software-definable and extensible hardware that can dynamically adapt to real-time demands. iDAR delivers higher accuracy, longer range, and more intelligent information to optimize path planning software, enabling radically improved autonomous vehicle safety and performance at a reduced cost.
In addition to announcing the first solid state, vehicle mounted commercial LiDAR with 360-degree coverage this year, AEye has launched a developer program and will be announcing its suite of automotive products in early January.
Quick facts on the AI 100:
- These 100 emerging private companies have raised $6.6B across 99 deals in 2017.
- Applications of their technology include breakthroughs in fintech, digital health, auto tech, robotics, and much more.
- More than 1,000 companies were nominated or applied and only 9% were selected.
- Eleven AI 100 companies have reached a valuation of $1B or more.
- Thirty-three companies on the list were also on the list for 2017, with 67 new companies making it for 2018.
- Nine countries are represented among the AI 100 companies.
The AI 100 Companies (in alphabetical order):
|AiCure||Darktrace||Mighty AI||Shield AI|
|Appthority||Element AI||Narrative Science||Tamr|
|Benson Hill Biosystems||FLYR||Obsidian Security||Tractable|
|Brain Corporation||Foghorn Systems||Onfido||Trifacta|
|C3 IoT||Gong||OrCam Technologies||UBTECH Robotics|
|Captricity||Insight Engines||Petuum||Vicarious Systems|
|Casetext||Insilico Medicine||Preferred Networks||Workey|
About CB Insights
Our team builds technology that helps corporations guess less and win more. We aggregate and analyze terabytes of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.
*We have MBAs.
For more information about the AI 100, visit: https://www.cbinsights.com/research-ai100
To learn more about A-ha!, go here: http://events.cbinsights.com/aha
AEye develops advanced perception hardware, software and algorithms that act as the eyes and visual cortex of autonomous vehicles. Its groundbreaking iDAR technology changes the basic architecture of sensors, and allows the system to identify objects 10-20x more effectively than LiDAR-only products. The company is based in San Francisco Bay Area and backed by world renowned investors including Kleiner Perkins Caufield & Byers, Airbus Ventures and Intel Capital. For more information, please visit www.aeye.ai.