US investment analytics platform CB Insights today named Cape Town based artificial intelligence (AI) startup Cape Town-based machine learning startup DataProphet, as part of the fourth annual AI 100 ranking.
The ranking showcases the 100 most promising private artificial intelligence companies in the world.
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These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.
DataProphet, which was founded in 2014 by Frans Cronje (pictured above) and Daniel Schwartzkopff, employs machine learning to aid companies in developing products and solutions, with a particular focus on the manufacturing sector.
The CB Insights research team selected Dataprophet and the AI 100 from nearly 5000 companies
In a statement by Dataprophet today, Cronje said he and his team were “delighted” to be recognised by CBI Insights as one of the most promising AI companies in the world. He noted that only four AI companies in the manufacturing sector selected.
DataProphet describes its Prescribe software as an expert execution system (EES), enabled by AI. It said the startup continuously monitors and prescribes optimal changes to the control parameters of a manufacturing plant to pre-emptively avoid any quality failures in the course of production.
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5000 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.
CB Insights CEO Anand Sanwal said in the same statement that the 2019 AI 100 saw 48 companies go on to raise $4.9-billion of additional financing, while nine of these companies were acquired.
The AI 100 Companies (in alphabetical order):
4Paradigm
Abnormal Security
Affectiva
AiFi
AInnovation
Algorithmia
ALICE Technologies
AMP Robotics
ArthurAI
Atomwise
Aurora
Benson Hill Biosystems
Beyond Limits
Blue Hexagon
Bowery Farming
BUILT Robotics
Butterfly Network
C3.ai
Caspar.AI
Citrine Informatics
ClimaCell
ComplyAdvantage
Concerto HealthAI
Covariant AI
Cresta
Cyclica
DarwinAI
DataProphet
DataRobot
Deeplite
DeepSig
Dorabot
dotData
Eko
Faire
Falkonry
FanAI
Featurespace
Ghost Locomotion
Grabango
Graphcore
H2O.ai
HACARUS
Healthy.io
Heuritech
HoloMatic
Hugging Face
HyperScience
InstaDeep
Integrate.ai
Invenia
iSee
Kneron
KONUX
Korbit
Kyndi
Lemonade
Lexion
Lightmatter
Loadsmart
Mapillary
Metawave
NavVis
Nnaisense
Noodle.ai
NotCo
Obsidian Security
Onfido
Osaro
OWKIN
PAIGE.AI
PerceptiLabs
Primer
ProteinQure
Razor Labs
Recursion Pharmaceuticals
Replica
Second Spectrum
SentinelOne
Sherpa
Shield AI
Snyk
SparkCognition
Squirrel AI Learning
Standard Cognition
Subtle Medical
Synapse Technology
Synthesia Technologies
Syntiant
Tachyus
The Yes
Tractable
TuSimple
Viz.ai
Voyage Auto
WellSaid Labs
Xanadu
Zebra Medical Vision
Zesty.ai
Zhuiyi Technology
Read more: DataProphet listed by World Economic Forum in its Technology Pioneers of 2019
Read more: DataProphet wins AIconics Award for Best Innovation in Deep Learning [Updated]
Read more: DataProphet secures ‘multi-million dollar’ funding from Knife Capital
Read more: DataProphet hopes to leverage Yellowwoods investment for international expansion [Updated]
Featured image: DataProphet co-founder and MD Frans Cronje (Supplied)
