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.Algolux’s computer vision and image optimization solutions address the mission-critical issue of safety for automotive ADAS, autonomous vehicles, fleets, as well as smart cities. The company was founded on groundbreaking research at the intersection of deep learning, computer vision, and computational imaging. 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.Īlgolux is an award-winning AI software company delivering the industry’s most robust and scalable perception for all conditions, addressing both existing cameras and new designs through cloud-based tools and embedded software. 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. We look forward to progressing on our path of delivering technologies that allow our customers to get the most dependability from their computer vision systems.” Robustness is becoming a key requirement for our customers’ safety-critical applications in industries such as automotive and smart city infrastructure. “Our groundbreaking technologies uniquely address poor computer vision accuracy, a well-known issue in low light and adverse weather conditions. “Algolux is thrilled to be recognized as one of the 100 most promising private artificial intelligence companies in the world,” said Allan Benchetrit, CEO of Algolux. As industry after industry adopts AI, we expect this year’s class will see similar levels of interest from investors, acquirers and customers.” Many also went on to exit via M&A, SPAC or IPO. “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. 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. “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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |