AInnovation Named to the 2020 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups
BEIJING, March 4, 2020 /PRNewswire/ — CB Insights as we speak named AInnovation to the fourth annual AI 100 rating, showcasing the 100 most promising personal synthetic intelligence firms on this planet.
“It’s been exceptional to see the success of the businesses named to the Synthetic Intelligence 100 over the past 4 years. The 2019 AI 100 noticed 48 firms go on to lift $4.9B of further financing and 9 acquired acquired,” mentioned CB Insights CEO Anand Sanwal. “It has been gratifying to see that CB Insights’ data-driven method to figuring out the highest AI firms utilizing patents, buyer traction, investor high quality, market sizing and extra has change into so efficient at choosing the AI winners of tomorrow. We look ahead to seeing what the 2020 AI 100 firms will accomplish over the course of this 12 months and past.”
Along with disrupting core sectors together with healthcare, retail, and finance, the 2020 AI 100 firms are revamping the broader enterprise tech stack. These firms span the globe, from the US, UK, China, Chile, and South Africa, and are supported by greater than 600 traders.
Hocking Xu, CEO of AInnovation, mentioned, “It’s an honor to be named as one of many CB Insights AI100 firms. AInnovation is dedicated to deliver AI to the true world by empowering the industries of producing, retail and finance. Pushed by the two-wheel enterprise mannequin – ‘Expertise & Merchandise’+ ‘Trade Eventualities’, as a 2-year-old firm, we’ve acquire exceptional progress by way of know-how, enterprise, income and financing, particularly our industrial intelligence and choice intelligence have acquired lots of of consumers. Wanting ahead, AInnovation will sustain the momentum to change into a number one AI to B firm.”
Via an evidence-based method, the CB Insights analysis staff chosen the AI 100 from almost 5,000 firms primarily based on a number of components together with patent exercise, investor high quality, information sentiment evaluation, proprietary Mosaic scores, market potential, partnerships, aggressive panorama, staff energy, and tech novelty. The Mosaic Score, primarily based on CB Insights’ algorithm, measures the general well being and progress potential of personal firms to assist predict an organization’s momentum.
Established in 2018, AInnovation is an AI to B firm concentrating on the industries of producing, retail and finance. To date, AInnovation has raised about $150M from seed, sequence A/A+ and B finance rounds. In 2019, its income hit over $ 100M, a 5-fold improve from earlier 12 months. Most of its merchandise and options are constructed on pc imaginative and prescient know-how and machine studying. Notably, AInnovation achieves marvelous achievements across the software of CV know-how. It ranked first in a number of CV challenges together with Wider Face, Pascal VOC, Cityscapes, MOT. It additionally develops an industrial visible platform ManuVision to do high quality assurance in numerous eventualities, reminiscent of 3C assembling, motor engine assembling, magnetic materials, garment, metallurgy, non-destructive inspection. In response to IDC, AInnovation is the No.6 participant in China CV market.
Fast details on the 2020 AI 100:
- As of the top of February 2020, these 100 rising personal firms have raised over $7.4B in funding throughout 300+ offers from 600+ distinctive traders.
- There are 10 unicorns (firms valued over $1B) on this 12 months’s AI 100 cohort.
- The record spans throughout numerous industries, together with healthcare, retail & warehouse, and finance & insurance coverage.
- 13 international locations, reminiscent of China, Sweden, and Japan, are represented on the rating. The vast majority of startups (65%) are primarily based in the USA.
About CB Insights
CB Insights helps the world’s main firms speed up their digital technique and transformation efforts with knowledge, not opinion. Our Rising Tech Insights Platform gives firms with actionable insights and instruments to find and handle their response to rising know-how and startups. To be taught extra, please go to www.cbinsights.com.
Based in March 2018, AInnovation is the AI subsidiary of Sinovation Ventures. With the mission of “AI Empowering Enterprise”, AInnovation is dedicated to offering firms with AI-enabled merchandise and enterprise options powered by cutting-edge AI applied sciences, which empower company prospects and companions to enhance their enterprise effectivity and worth in addition to speed up their digital transformation.
Pushed by a two-wheel mannequin: “know-how & merchandise” and “industrial eventualities.”, AInnovation gives whole AI options for the manufacturing, retail and finance sectors. Since its inception, the corporate has grown quickly and raised almost US $150M from a mixture of angel funding and the Sequence A/A+ and B financing rounds.