Crunchbase today lists more than 8,705 startups and companies that rely on machine learning for their applications, products and services. According to Q4 2018 report by PwC/CB Insights MoneyTree, artificial intelligence-related firms raised $9.3B in 2018, an increase of 72 percent over 2017. And another study found that AI deals increased within a quarter from 104 to 116 deals. According to McKinsey, in marketing and sales, AI and machine learning have the potential to create an additional $2.6 T in value by 2020 and up to $2 T in planning the production and supply chain. Top start-ups offering machine learning services to watch this year:
How CrowdStrike differentiates itself in today’s fast-growing cybersecurity market arena is by applying machine learning to endpoint detection of IT network threats. Their Falcon platform stops infringements by detecting all types of attacks, including malware-free intrusions, providing five-second visibility across all current and past endpoint activity while reducing customers’ costs and complexity. The Threat Graph of CrowdStrike provides real-time data analysis from endpoint events across the global crowdsourcing community, allowing to detect and prevent attacks based on patented pattern recognition technology. Over six rounds, CrowdStrike raised a total of $481 M in funding. Their most recent funding was raised from a Series E round on June 19, 2018. The leading investors in the latest round are Accel, General Atlantic, IVP (Institutional Venture Partners).
DataRobot is a platform for enterprise machine learning designed for wide adoption and usability across an organization’s many skill levels. The platform provides a broad base of algorithms and tools, including libraries of hundreds of open source machine learning algorithms, to develop and deploy machine learning and AI projects. As of April 2019, on the Amazon Web Services platform, DataRobot customers have built over 1 billion models. DataRobot raised over $224.6 M in funding in over seven rounds Their latest funding was raised from the Meritech Capital Partners and Sapphire Ventures Series D round on Oct 24, 2018, based on an analysis of which will be the most commercially successful Disney movie. The blog post, The Summer Blockbuster Predictions: Disney Favorites Battle, is a fascinating look at how Qlik and DataRobot can be used to solve sophisticated problems of prediction and forecasting.
Keep watching this space for more.