The adoption of AI technologies in businesses increased from 48% to 72% from 2018 to 2019, enabling industries to increase efficiency, streamline processes, and reduce costs. But training these AI models to accurately reflect real-world conditions is a challenge for machine learning practitioners when developing an application from zero to production. AI.Reverie offers a suite of synthetic data and vision APIs, which provide annotated images and videos, to allow organizations to train their machine learning algorithms efficiently at scale and improve the accuracy of their AI efforts. The company, founded in 2017, has raised a total of $5.6M in funding to date and recently landed an impressive $950M contract to help the US Air Force enhance its computer vision capabilities for its Advanced Battle Management System. Aside from the defense industry, the company’s pioneering technology is also being used for urban planning, retail, agricultural, and industrial applications and AI Reverie grew 3x in 2020. AlleyWatch caught up with CEO and Cofounder Daeil Kim to learn more about the company’s vision to make AI sustainable and inclusive, future plans, and much, much more.
Since launching in 2018, real-time market research platform Suzy has been making strides in introducing technology to a traditionally fragmented, slow, and expensive industry. Suzy’s advanced research tools enable brands to make data-driven decisions with quality consumer insight in an agile offering. Presently, over 200 brands including Johnson & Johnson, Chipotle, and Citibank partner with Suzy to capture their customer insights and 500M+ consumer research responses have been recorded on its platform. The company is on pace to do $20M in ARR this year. AlleyWatch caught up with President Avi Savar to learn more about the market research industry, Suzy’s growth plans, and recent round of funding from investors that include Rho Ventures, Bertelsmann Digital Media Investments, Triangle Peak Partners, and Foundry Group.
“We are a very successful niche player, and I recalled being asked: why we were planning to be profitable so soon in the model. My response was: because we can. In one of the other 50+ rejections, I heard that the respective fund was not keen to proceed because they had serious doubts I could raise subsequent rounds, my answer to that was that I was building a sustainable company and not a fundraising machine.” Learn more about how Valeria Morozovsky Girimonte was able to break through and raise the first institutional round for REDD Intelligence, the leading intelligence platform for emerging markets.
“We have all walked into a grocery store and seen empty shelves, while food is being wasted at alarming levels. This paradox is the result of thousands of food companies being dependent on outdated, siloed infrastructure. Crisp transforms the value chain by providing an open data flow to solve critical problems such as out-of-stock, shrink, on-shelf optimization, and adaptation to changes in consumer demand.” We caught up with serial entrepreneur and Founder Are Traasdahl (exit Tapad for $360M) to learn more about how Crisp’s technology helps better manage the food supply chain during the pandemic, the company’s impressive growth, and recent funding round from investors that include FirstMark Capital, Spring Capital, and Swell Partners.
While working in finance, Accern CEO and Cofounder Kumesh Aroomoogan recognized that as his firm’s data grew, the firm had to hire more and more people; scaling with people versus technology. He saw that he could automate much of this data processing through AI, enabling the team to focus on the higher-value tasks. The product to do this is Accern, a workflow automation solution powered by AI and NLP. The company just closed its Series A round and has now raised a total of $15M in funding.
The promise of big data and machine learning has significant ramifications for treatments in the healthcare industry. However, due to privacy concerns, innovation is often stifled. Thomas Clozel, MD, an assistant professor of oncology, saw this roadblock firsthand and cofounded Owkin – a collaborative platform that allows medical researchers to gain insights from decentralized data without breaching any privacy protocols. Clozel offers some insight into how Owkin is changing the medical research landscape powered by machine learning and algorithms.
When navigating your choices for choosing healthcare providers, insurance companies have traditionally sent you a directory that’s as thick as a phone book. Not only is the physical directory challenging to use, but it’s also static and often contains outdated information. Enter Ribbon Health, a health data platform that powers payers, providers, and digital […]
With a three-year growth rate of 990%, Reonomy is disrupting the CRE industry by providing the most extensive database of property-centric intelligence available for CRE teams and individual investors. Through its proprietary ML and AI technology, Reonomy connects and centralizes disparate property information into its platform that features over 50M properties and 68M property sales. […]
Investors are utilizing the sea of public data to make better financial decisions; however, with millions of data sets available, it becomes very difficult for investors to make sense of it all, at scale. Apteo helps investors cut through the noise by sourcing, centralizing, and analyzing alternative data. Apteo’s platform allows financial firms to integrate […]
Data in all formats will soon be the largest source of new opportunities for startups or death.
Today people are generating more data than ever – 2.5 quintillion bytes of data each day. It’s no surprise that data scientists are in high demand and despite the explosive interest in big data, data scientists have had limited tools to work with. Saturn Cloud fixes this through its enterprise platform that empowers data scientists with […]