CB Insights unveiled the AI 100—a list of 100 of the most promising private companies applying artificial intelligence algorithms across industries, from healthcare to auto to fintech—at the Innovation Summit today.
The companies were selected from a pool of nearly 500 applicants and nominees based on several criteria, including data submitted by the companies, responses to interview questions, technology focus, investor profile, team profile, mosaic scores, and funding history.
“From financial services to healthcare to transport, incumbent companies in every industry are seeing that AI will reshape their industries. And as so often happens, transformational innovation comes from emerging companies. In the case of AI, a lot of the groundbreaking work is being done by the AI 100. The companies in the AI 100 are accelerating research, improving efficiency, and making many game-changing advancements that will be felt for decades to come,” CB Insights CEO Anand Sanwal said in a press release.
The startups have raised $3.8B in aggregate funding across 263 deals since 2012, and include startups at different investment stages of development, from seed/angel companies to well-funded unicorns.
The market map below categorizes the AI 100 companies based on their industry focus.
Please click on the map to enlarge.
- Unicorns: The list includes 5 unicorn startups: auto tech company Zoox, robotics startup UBTECH, healthcare AI companies Benevolent.ai and iCarbonX, and sales tech startup Insidesales.com.
- Mega-rounds: There were nine $100M+ mega-rounds to AI 100 startups since 2014, with 6 of them just in 2016. Auto tech company Zoox raised $200M from investors including Draper Fisher Jurvetson and Lux Capital. China-based healthcare AI company iCarbonX raised $154M from Vcanbio and Tencent. In Q4’16, Voyager Labs raised a $100M round, and life science company Zymergen raised $130M in Series B funding.
- Most well-funded: Zoox is the most well-funded company with total funding of $290M, followed by Insidesales.com ($199M), which has developed a predictive scoring and analytics sales platform.
- Top VCs: Data Collective is the top investor in AI 100 companies, having backed 14 unique startups on the list, including Zymergen, Freenome, Citrine Informatics, Cape Analytics, and Descartes Labs. New Enterprise Associates and Khosla Ventures backed 8 companies each.
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AI 100 Startups
- Top Corporates: Bloomberg Beta was the most active corporate investor in the AI 100. The CVC backed 7 companies on the list, including Deep Genomics, Gigster, and DigitalGenius. Samsung Ventures, Tencent Holdings, Google Ventures, and Intel Capital backed 5 startups each.
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