68-page healthcare report.
McDonald’s in AI. Laughing at disruption.
Want fries with that?
Hi there,
CB Insights was just named to the Deloitte Technology Fast 500 — a ranking of the 500 fastest-growing tech companies. We were #219, with 497% revenue growth from 2015 to 2018.
If you want to dig into all the Fast 500 companies, we’ve built a Collection you can see here. You can filter by revenue growth, sector, funding, ranking, etc. There are some great companies on it, as you’ll see.
We raised $10M back in 2015 when we were 66 people. We just crossed 300. All $10M (and more) sits in the bank as we’ve maintained our revenue-funded mindset.
Healthcare AI funding hit a record high in Q3’19, raking in $1.6B across 103 deals. In the top spot was virtual health assistant Babylon, which hauled in a whopping $550M.
But McDonald’s isn’t just talking up digital. In 2019 year-to-date, it has acquired 2 AI companies. Yup, AI.
First, it acquired AI-driven personalization company Dynamic Yield for $300M. Imagine drive-thru menus changing based on the weather, current trending menu items, wait times at the location, etc.
Dynamic Yield’s CBI profile lists its top competitors — including all of the companies listed on Gartner’s personalization engine magic quadrant, plus many that Gartner missed. Clients can view all the personalization cos similar to Dynamic Yield here.
The other company McDonald’s acquired was Apprente, a conversational AI company that can reportedly handle orders via voice.
The conversational AI space is hot, and some companies are quite early-stage (having raised recently). If this is an area your organization is thinking about from a vendor, partner, investment, or M&A perspective, you can view conversational AI companies similar to Apprente here.
If your organization is looking for an unfair advantage in your digital transformation efforts, the CB Insights platform lets you quickly and confidently discover, validate, and manage your response to emerging technologies.
IN OTHER NEWS
Sit down, be humble
Blockbuster CEO Jim Keyes famously dismissed Netflix in 2008, saying that it wasn’t “even on the radar screen in terms of competition.”
Workday’s $540M acquisition of a cloud-based sourcing platform highlights its continued interest in the B2B supplier management market. Clients can check out our analysis here.
P.S. Prices for The Collective (Dec. 10-11, NYC) go up Friday, 11/15. Use code BookMe for $500 off your ticket to the largest gathering of corporate strategy and growth execs this year.
The Blurb
=FILTER(“friends”). Startups are selling “personal CRMs” to help people organize their friendships. The Atlantic
Let the dollars talk. Corporations, take note: consumers are spending more and more on sustainability-marketed products.
All the data in this newsletter comes from CB Insights.
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