At the A-ha! conference in San Francisco today, CB Insights revealed the full list of the second annual AI 100 companies, and two from Montreal made the cut.
The 100 companies were selected by the CB Insights research team based on examining company-submitted data and the company’s Mosaic Score, based on CB Insights’ National Science Foundation-funded algorithm. The Mosaic Score rates the overall health and growth potential of private companies and can help predict a company’s momentum, market health and financial visibility.
Last year’s AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went on to 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.
Founded in 2015, SPORTLOGiQ’s technology generates advanced hockey analytics using standard, single-camera game footage. The computer vision system uses a combination of player tracking and activity recognition algorithms to flag specific game events such as shots or passes, it timestamps them and records their x-y coordinates on the ice. Once the raw data is collected, machine learning and pattern recognition techniques are utilized to extract meaningful insights, allowing broadcasters, teams, analysts and fans see and understand the game in a way previously not possible.
“Artificial intelligence is continuing to transform our world and so much of that transformation is happening right here in Montreal. SPORTLOGiQ is right at the intersection of sports and technology at an incredibly exciting time. Our team works hard to bring machine learning to the sports industry and to help solve the challenges with collecting sports data,” Craig Buntin, CEO at SPORTLOGiQ, told MTLinTECH. “It’s an honour to be recognized as one of the top AI companies in the world by CB Insights.”
Element AI, the artificial intelligence powerhouse, recently established a joint $45 million fund with SK Telecom, Hyundai Motor Company, and Hanwha. The company also brought on two new leading scientists in October after raising a historic $137.5 Series A in June.
Other AI companies, including Zoox, Shield AI, Zest Finance, Dynamic Yield, Appier, and CognitiveScale joined SPORTLOGiQ and Element AI 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.