New York, NY, March 3, 2020 -- CB Insights today named ZestyAI to the fourth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
Mar 3, 2020 | 2 min Read
“It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired,” said CB Insights CEO Anand Sanwal. “It has been gratifying to see that CB Insights' data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond."
In addition to disrupting core sectors including healthcare, retail, and finance, the 2020 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.
“Climate risk directly impacts 160 million people around the world every year as they cope with natural disasters such as floods, wildfires, and hurricanes. Insurance companies and governments rely on decades old technologies for understanding these increasingly frequent and devastating phenomena. AI is the next revolution in climate risk assessment and ZestyAI is at the leading edge of it.” said Attila Toth, Founder & CEO of ZestyAI.
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 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.
After tenfold commercial growth in 2019, ZestyAI has had a fast start to 2020. In just two months, the company has opened a state-of-the-art AI research center for insurance called ZestyAI Lab, been named a Plug & Play Top 10 Insurtech company in the world, was featured in a Business Insider documentary, and highlighted in an in-depth look at California’s insurance crisis by Bloomberg. Climate risk is at the top of the agenda this year in the insurance world and AI powered risk modeling from ZestyAI provides the ideal solution.
Quick facts on the 2020 AI 100:
- As of the end of February 2020, these 100 emerging private companies have raised over $7.4B in funding across 300+ deals from 600+ unique investors.
- There are 10 unicorns (companies valued over $1B) in this year’s AI 100 cohort.
- The list spans across various industries, including healthcare, retail & warehouse, and finance & insurance.
13 countries, such as China, Sweden, and Japan, are represented on the ranking. The majority of startups (65%) are based in the United States.
About CB Insights
CB Insights helps the world’s leading companies accelerate their digital strategy and transformation efforts with data, not opinion. Our Emerging Tech Insights Platform provides companies with actionable insights and tools to discover and manage their response to emerging technology and startups. To learn more, please visit www.cbinsights.com.
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