Algorithmia named on the AI 100 list of most innovative artificial intelligence startups in the world
I’m proud to share that today, Algorithmia was named by CB Insights on its fifth annual AI 100 ranking. The list showcases the 100 most promising private artificial intelligence companies in the world, and this is the third year that Algorithmia has been named on the list.
Through an evidence-based approach, the CB Insights research team selected the AI 100 from a pool of over 6,000 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.
Algorithmia’s enterprise machine learning operations (MLOps) platform helps businesses accelerate their time to value for machine learning by delivering more ML models quickly and securely. Over 130,000 engineers and data scientists have used our platform to date, including the United Nations, government intelligence agencies, and Fortune 500 companies. Its momentum is a byproduct of growing interest in AI–based applications and the need organizations have to efficiently, cost-effectively, and securely manage their underlying ML models.
“This is the fifth year CB Insights has recognized the most promising private artificial intelligence companies with the AI 100, and this is one of the most global groups we’ve ever seen. This year’s cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D,” said CB Insights CEO Anand Sanwal. “Last year’s AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds. Many also went on to exit via M&A, SPAC or IPO. As industry after industry adopts AI, we expect this year’s class will see similar levels of interest from investors, acquirers and customers.”
We’re honored to have been included on the 2021 CB Insights AI 100 list. It’s a testament to the hard work of our team and reflects where the market is headed. Companies are turning to AI for short-term cost-cutting and long-term innovation, and enterprise-grade MLOps is key to achieving both objectives.