Eigen Technologies Named in the 2021 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

Eigen honored for a second time in recognition of its market-leading AI technology

London, UK – Eigen Technologies (“Eigen”), the global Document AI provider, has today been named in the fifth annual CB Insights AI 100 ranking, showcasing the 100 most promising privately-owned artificial intelligence companies in the world.

This is the second time Eigen has been included in the CB Insights AI 100 ranking, demonstrating their position as one of the few companies that has successfully commercialized advanced artificial intelligence. Eigen’s software is now used by a third of the G-SIB institutions, including Goldman Sachs and ING. As reflected in the AI 100 ranking, Eigen’s technology has cross-industry application in document analysis and is used across multiple sectors including finance, insurance, FMCG, industrials, energy and healthcare.

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.

Dr. Lewis Z. Liu, Co-founder & CEO of Eigen Technologies said:

“We are honored to once again be named among the world’s top AI companies. This recognition comes off the back of an extraordinary period of growth for Eigen as we have scaled following our Series B. We have more than doubled our headcount in the last year and delivered industry-leading levels of growth in both customers and revenues. Throughout this we have remained research-led, growing our best-in-class science team. Its innovations have continued to keep us at the forefront of AI with our unique small-data approach.”

Anand Sanwal, CEO of CB Insights said:

“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. 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.”

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.