Eigen Technologies Named in the 2019 CB Insights AI 100 List of Most Innovative AI Startups
New York, NY, February 6, 2019 -- CB Insights today named Eigen Technologies to the third annual AI 100ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
“After being named to the AI 100 in 2018, last year’s honorees raised nearly $4.5B across 45 deals with 6 going on to be valued at $1 billion or more,” said CB Insights CEO Anand Sanwal. “The data we compiled on this year's nominees, ranging from their customers to their patents to their CB Insights' Mosaic scores, revealed 100 AI companies that are driving transformation across a number of industries and which are taking on a variety of large societal issues ranging from disaster management to cancer diagnosis to detecting fake news. We expect these companies will see similar levels of momentum and progress in 2019 and are excited to continue to track their progress.”
In addition to disrupting core sectors including healthcare, telecommunications, semiconductor, government, retail, and finance, the 2019 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, Israel, Japan, China, Germany, Sweden, and Canada, and are supported by more than 680 investors from 29 countries.
Eigen's Co-founder & CEO Dr Lewis Z. Liu said: “we are absolutely delighted to have been listed in the 2019 CB Insights AI 100. It is an honor to be named one of the most innovative AI companies in the world alongside so many other great businesses by an organization as prestigious as CB Insights. This achievement is thanks to the fantastic work done by the Eigen team over the last few years in developing our highly flexible NLP technology that puts the power of machine learning into the hands of its users.”
Through an evidence-based approach, the CB Insights research team selected the AI 100 from over 3,000 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.
Eigen automates the extraction and classification of information from documents. It’s simple, flexible Natural Language Processing (NLP) technology accurately extracts information from diverse types of documents at scale and can be integrated into a clients’ workflow. Eigen uses state-of-the-art machine learning algorithms to recognize patterns in text and give accurate answers to unique questions. This enables its clients to use data in new ways to make the right business decisions: driving down costs, finding opportunities, calculating risks, and meeting regulatory requirements.
Founded in 2014, Eigen’s clients include some of the most respected names in finance, law, and professional services, including Goldman Sachs, Hiscox, and ING. As a research-led company, Eigen translates the latest methodologies from applied physics, mathematics, and machine learning into the technology that underpins its product.
Quick facts on the 2019 AI 100:
- As of EOY 2018, these emerging private companies have cumulatively raised $9.4B across 375 deals.
- Eleven companies have reached a unicorn valuation of $1B or more.
- Over 680 unique investors from 29 different countries have backed the companies in this year’s cohort.
- Over 680 US patent applications have been filed by the AI 100.
- Twenty-five previous honorees were featured on this year’s list, in addition to 75 new companies.
- Eight countries are represented on the ranking, and the majority of the companies are based in the US.
The AI 100 Companies (in alphabetical order):
Area 1 Security
Benson Hill Biosystems
About Eigen Technologies
Eigen is a research-led machine learning company based in London and New York. Our mission is to help individuals and organizations make the right decisions, and we do this by unlocking the value of their qualitative data.
Thomas Cahn, Director of Communications
Phone: +44 (0) 7788 581 652
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Hyeri Kim, PR Manager
+1 212-292-3148 ext. 3020