CB Insights named Twiggle to the prestigious AI 100, a select group of promising private companies working on groundbreaking artificial intelligence technology. CB Insights CEO and co-founder Anand Sanwal will reveal the full list of the second annual AI 100 companies at the A-ha! conference in San Francisco.
“Last year’s AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went onto raise additional funding nearing $2B and 5 were acquired.
This year’s list was culled from 1000+ applications and looks even more impressive. These are companies using artificial intelligence in industries from drug discovery and cybersecurity to robotics and legal tech. I’m happy that CB Insights is able to shine a light on the founders and companies that will revolutionize these industries and look forward to seeing what they do in 2018 and beyond.” said CB Insights CEO Anand Sanwal.
“This recognition places Twiggle in impressive company and is a testament to our entire team’s relentless commitment to solving one of the hardest problems in e-commerce and search today – actually understanding customer intent,” said Dr. Amir Konigsberg, CEO of Twiggle. “Even simple searches can be hard for today’s search engines to understand and respond to. And the shift from desktop to mobile to voice is making it more critical than ever that retailers understand their shoppers’ intent — the limited screen real estate or lack of screen real estate means that the first results have to be relevant, which means the search engine has to understand what the shopper actually wants. We’re thrilled to be recognized for our progress, and I assure you that this is just the very beginning.”
The CB Insights research team selected the AI 100 companies based on criteria, examining company-submitted data and the company’s Mosaic Score. The Mosaic Score, based on CB Insights’ National Science Foundation-funded algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically-driven approach, the Mosaic Score can help predict a company’s momentum, market health and financial viability.
Companies such as Zoox, Shield AI, Zest Finance, Dynamic Yield, Appier, and CognitiveScale joined Twiggle in being recognized for their innovative technology in front of an audience of 400 senior innovation executives from around the world and news outlets including The Financial Times, CNBC, Reuters, Bloomberg and the Washington Post.
Twiggle is pioneering the use of artificial intelligence in search and online retail. It’s Semantic API instantly gives retailers the ability to add a semantic layer to their existing search engines and interact with their online customers in a more personal and natural way. Twiggle is the only search technology built on both human-like understanding of linguistic structure and a deep retail awareness to allow a search engine to mimic how an experienced salesperson would (and should) behave. Twiggle’s technology aims to level the playing field for any e-commerce retailer in the market today, bringing them unparalleled search capabilities in order to compete with the retail giants.
Quick facts on the AI 100:
- These 100 emerging private companies have raised $6.6B across 99 deals in 2017.
- Applications of their technology include breakthroughs in fintech, digital health, auto tech, robotics, and much more.
- More than 1,000 companies were nominated or applied and only 9% were selected.
- Eleven AI 100 companies have reached a valuation of $1B or more.
- Thirty-three companies on the list were also on the list for 2017, with 67 new companies making it for 2018.
- Nine countries are represented among the AI 100 companies.
For the full list of the 100 most promising private artificial intelligence companies in the world, visit CB Insights.