Santa Barbara, CA, January 11, 2017 — CB Insights today selected Kasisto 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.
“We are pleased to receive this recognition from CB Insights. It’s gratifying given the work we’re doing with some of the world’s leading financial institutions to bring the power of conversation to their customers,” said Zor Gorelov, CEO and co-founder at Kasisto. “KAI, our conversational AI platform, powers smart bots and virtual assistants to engage and transact with consumers in entirely new ways – via intelligent conversations that increase customer acquisition and engagement.”
Companies such as Affectiva, Blue River Technology, Deep Instinct, Sentient Technologies and Orbital Insight joined Kasisto 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 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.
Kasisto’s conversational AI platform, KAI, powers smart bots and virtual assistants for financial institutions on messaging platforms like Facebook Messenger. These bots and assistants can fulfill requests, solve problems and predict needs for customers, as well as help with payments, transactions, account insights and personal finance management. They also provide new ways for financial institutions to support and market their products and services. The experience is as natural as texting a friend because KAI understands human-like conversations and tracks the conversation flow to interpret the context and stay focused on the customer’s goals. KAI enables financial institutions to create lifestyle banking where financial decisions are woven into everyday life. Kasisto works with and is backed by the world’s most innovative financial institutions including Wells Fargo, Mastercard and DBS Bank.
The AI 100 Winners:
Blue River Technology
Loop AI Labs
Pilot AI Labs
Rokid Corporation, Ltd.
Semantic Machines, Inc.
Zebra Medical Vision
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
+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:
To learn more about CB Insights’ Innovation Summit, go here: http://events.cbinsights.com/corp-innovation-2017
Kasisto was founded in 2013 with the vision of enabling companies to engage and transact with their customers through intelligent conversations, anytime, anywhere. Kasisto’s conversational AI platform, KAI, offers enterprises a comprehensive AI technology stack combined with industry-specific domain expertise to make bots and virtual assistants well versed in the businesses they serve. As an SRI International spin-off, Kasisto leverages decades of research and development in artificial intelligence. KAI Banking enables financial institutions to add virtual assistants and smart bots to their mobile apps and leading messaging platforms. With an emphasis on great user experience, KAI-powered virtual assistants and smart bots are easy to implement, customize and maintain. For more information visit www.kasisto.com and follow @kasistoinc on Twitter.
Kasisto Media Contact:
Brie LaFleur, Mighty for Kasisto