CB Insights today named AI.Reverie to its annual AI 100 ranking of the most promising private artificial intelligence companies in the world for the second year.
“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 are honored to be named to CB Insights’ AI 100 List again,” said AI.Reverie co-founder and CEO Daeil Kim. “Synthetic data is now a must-have, and more and more enterprises, government agencies and NGOs are tapping the AI.Reverie platform to transform daily business and special operations. The world-changing outcomes our customers achieve with our platform are the ultimate prize.”
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.
During 2020, AI.Reverie grew 3x as the demand for synthetic data to train vision algorithms spiked. Other milestones in the last year included:
- An expansion of offerings into the Retail and Agriculture markets
- Inclusion in the United States Air Force’s $3.3B, five-year Advance Battle Management System (ABMS) program
- A $1.5M AFWERX Phase 2 SBIR contract
- A $5.6M round of equity financing led by Vulcan
- The release of the largest open dataset of real and synthetic overhead imagery (Rareplanes, with the In-Q-Tel lab CosmiQ Works)
- Gartner recognition as a “Cool Vendor” in AI Core Technologies
- Forbes recognition as a “Top 25 Machine Learning Start-up,” among other honors
Quick facts on the 2021 AI 100:
- Equity funding and deals: Since 2010, the AI 100 2021 cohort has raised over $11.7B in equity funding across 370+ deals from more than 700 investors.
- 12 unicorns: Companies with $1B+ valuations on the list span applications as varied as data annotation, cybersecurity, sales & CRM platforms, and enterprise search.
- Geographic distribution: 64% of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by six each in China and Israel, and five in Canada. Other countries represented in this year’s list include Japan, Denmark, Czech Republic, France, Poland, Germany, and South Korea.