Citrine Informatics Selected to 2017 AI100
Posted on January 11, 2017 June 2, 2017 by Citrine Informatics
Citrine Informatics Selected to the 2017 AI 100, Highlighting Advancements in Artificial Intelligence for Materials and Chemicals Manufacturing and Development
Santa Barbara, CA, January 11, 2017 — CB Insights today selected Citrine Informatics to the prestigious Artificial Intelligence 100 list ("AI 100"), a select group of emerging private companies working on ground breaking artificial intelligence technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the winners during The Innovation Summit, a gathering of top executives and investors to explore the industries of the future.
"The whole Citrine Informatics team is honored and excited to be selected for the prestigious CBInsights AI100. Materials and chemicals is a huge industry, ripe to benefit from artificial intelligence technologies, and Citrine is at the forefront of this change," said Citrine Informatics CEO Greg Mulholland, "Core to our inclusion on this list was the understanding that our team is pushing the limits of what can be done today with materials and chemicals data, and our relentless pursuit of new AI and materials innovation."
Companies such as Affectiva, Blue River Technology, Zymergen, Sentient Technologies and Orbital Insight joined Citrine Informatics, in being recognized for their amazing teams, technology, and traction in front of an audience of 400 senior executives from around the world.
The CB Insights research team selected the AI 100 winners based on a combination of data submitted by the companies, responses to interview questions and the company's Mosaic Score. Mosaic is an algorithm built with funding from the National Science Foundation that gives predictive intelligence into the health of private companies.
"From financial services to healthcare to transport, incumbent companies in every industry are seeing that AI will reshape their industries. And as so often happens, transformational innovation comes from emerging companies. In the case of AI, a lot of the groundbreaking work is being done by the AI 100. The companies in the AI 100 are accelerating research, improving efficiency, and making many game-changing advancements that will be felt for decades to come," CB Insights CEO Anand Sanwal said.
Quick facts on the AI 100:
In total, these 100 emerging private companies have raised $3.8B across 263 deals since 2012, according to CB Insights.
Applications of their technology include breakthroughs in materials, healthcare, drug discovery, business intelligence, gaming, manufacturing, and much more.
More than 1,650 companies were nominated or applied for the AI 100 (only 6% were selected).
Data Collective has backed 14 of the AI 100 companies, while NEA backed 8 and Bloomberg Beta backed 7.
There have been 9 mega-rounds (funding rounds of $100M or more) to AI 100 companies since 2014.
Five AI 100 companies have reached a valuation of $1B or more (also known as unicorn status).
11 countries are represented among the winners.
Citrine is the information platform for the material and chemicals industry. Built for product developers who need to have cutting edge materials information at their fingertips, Citrine's software as a service platform delivers instant intelligence so those product developers can make faster, better decisions about how to optimize materials, manufacture them, and insert them into products. We work with the Fortune 500 and Forbes Global 2000 across a wide variety of materials and chemicals classes including alloys, semiconductors, polymers, electronics as well as many product classes including electronics, automotive, aerospace, coatings, films, and many more.
About CB Insights
Our team comes to work every day to build technology that helps corporations guess less and win more. We aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.
With backing from the National Science Foundation and venture capital investors, we mine terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, and more. Our software algorithmically analyzes this data to help our clients see where the world is going tomorrow, today.
*We have MBAs.
Emily Veach, Communications manager
press@cbinsights.com
+1 212-292-3148, ext. 1007
About The Innovation Summit
From voice and chat interfaces to AI replacing investment managers and doctors to the new revenue models enabled by the Industrial Internet of Things, the Innovation Summit marries CB Insights' emerging trend research with the thinking of the world's smartest minds – leading VCs, economists, researchers and corporate strategists.
For more information about the AI 100, visit:
https://www.cbinsights.com/research-ai-100
To learn more about CB Insights' Innovation Summit, go here: http://events.cbinsights.com/corp-innovation-2017
About Citrine Informatics
CONTACT: Sarah Lacy — slacy@citrineorg.wpengine.com