“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 are honored to once again be named to CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups,” said Sheldon Fernandez, CEO of DarwinAI. This important distinction recognizes our commitment to enabling trustworthy AI to solve industry-specific problems. Explainable AI (XAI) enables high-value human-in-the-loop use-cases whereby an individual must understand and validate the decisions being made by the system. We are applying this capability across numerous verticals, such as advanced quality inspection in manufacturing where XAI is a crucial aspect of the digital transformation process. In addition, our novel technology around transparency bolsters our goal of enabling enterprises to build AI they can trust. Being named to the CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups validates our continued commitment to this vision.”
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.
DarwinAI’s commitment to implementing trustworthy AI for the enterprise has been a core goal since the company’s inception. The company announced high-profile collaborations with Honeywell Aerospace, Lockheed Martin, Audi, and an inventive smart manufacturing project related to food security. The startup also made important humanitarian contributions in response to the pandemic last year by way of COVID-Net, a neural network that helps decision makers diagnose Coronavirus based on chest X-Rays and CT-Scans, and COVID-Net Clinical ICU, an Explainable AI for predicting COVID-19 ICU admission. The team’s decision to open source the project elicited a significant response from international researchers, and is being evaluated in dozens of hospitals throughout the world.
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.
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand and make technology decisions with confidence. By marrying data, expert insights and work management tools, clients manage their end-to-end technology making process on CB Insights. To learn more, please visit www.cbinsights.com.
DarwinAI enables enterprises to build AI they can trust. Based on years of distinguished scholarship at the University of Waterloo, the company’s patented explainability technology enables human-in-the-loop decision making in AI systems for the cloud and edge. The company was named a cool vendor in Gartner’s October 2019 Cool Vendors in Enterprise AI Governance and Ethical Response report. CB Insights also selected DarwinAI for its AI 100, CB Insights’ annual list of the 100 most promising private AI companies in the world in 2019 and 2020. To learn more about DarwinAI, visit their website at darwinai.com or follow them on LinkedIn or Twitter.