Sunday, December 31, 2017

100 Artificial Intelligence Startups That Have Raised $11.7B in aggregate funding

From CB Insights, December 12:

The 100 startups on our list have raised $11.7B in aggregate funding across 367 deals.
Today, 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 — at 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.

The market map below categorizes the AI 100 companies based on their industry focus.
This analysis contains:
  1. Key trends and highlights
  2. Top company categories
    • Healthcare AI
    • Cybersecurity AI
    • Enterprise AI
  3. Complete list of companies
  4. 2017’S AI 100
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).
  • Most well-funded: China-based ByteDance (known as Toutiao) has raised $3.1B so far. It uses artificial intelligence for personalized news recommendations.
  • Geographic distribution: Startups from 9 different countries – including France, Israel, Spain, Canada, Taiwan, Japan, and United Kingdom — made it on to AI 100 this year. Majority of the companies, 76%, were from 13 states in the United States. China’s AI startup scene has been buzzing with activity. Five of the 8 companies from China are unicorns, with 4 of them reaching $1B+ valuations just this year.
  • Active investors in the 100: Data Collective has backed 14 startups on the list, including Vicarious Systems, Trifacta, and Recursion Pharmaceuticals. Intel Capital has invested in 20 of the startups, followed by GV, which backed 8 companies. Other top investors include The SoftBank Group and Lux Capital.


The recent string of high profile cyber-attacks – including the Equifax breach that compromised personal information of over 143 million Americans – has resulted in an increased interest in AI-based solutions.
From healthcare institutions and government agencies to insurance companies and retail stores, the client base of the AI 100 cybersecurity companies spans across various industries.
11 of the AI-100 companies are focused on aspects of different cybersecurity, from anomaly detection to web security.....