Welcome!

News Feed Item

Captricity Selected to the CB Insights 2017 AI 100

Placement on the List Highlights Advancements in the Company's Crowd-Guided Deep Learning Software

OAKLAND, Calif., Jan. 12, 2017 /PRNewswire/ -- This week CB Insights selected Captricity, the leading Data-as-a-Service (DaaS) provider that transforms handwritten paper forms into digital data, to the prestigious Artificial Intelligence 100 list ("AI 100"), a select group of emerging private companies working on groundbreaking 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.

Captricity's crowd-guided deep learning software helps companies in regulated industries and nonprofit organizations extract structured data from any source and connect seamlessly to backend systems to enable advanced analytics and eliminate the need for costly manual data-entry processes. With its roots in social good, the company services over 50 NGOs with the same technology solutions it provides to 10 of the top 20 U.S. life insurers and government agencies like the FEC. Captricity offers nonprofit organizations around the world fast access to the accurate data they need to serve their mission and improve lives, and the company is leading the way in helping regulated industries take advantage of modern data access capabilities while not requiring a disruptive transformation of legacy processes and/or IT investments.

"At Captricity, we're on a mission to democratize data access, and it's exciting to see how our proprietary technology is able to dramatically improve operational efficiency and transform the user experience for our global client base," said Kuang Chen, founder and CEO of Captricity. "To be recognized by CB Insights on this list validates our efforts to solve big challenges and bring AI to large regulated industries and nonprofits alike."

Companies such as Affectiva, Blue River Technology, Deep Instinct, Sentient Technologies and Orbital Insight joined Captricity 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," said Anand Sanwal, CEO of CB Insights. "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."

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.

About Captricity
Captricity's crowd-guided deep learning software can extract structured data from any source – handwritten forms, web forms, scanned document images, faxes, emails, and call centers – and connect seamlessly to backend systems to enable advanced analytics and eliminate the need for costly manual data entry processes. Captricity helps insurance, healthcare, government and nonprofit organizations to leverage the power of cutting-edge machine learning technology to produce 99.9%+ accurate data quality while delivering cost savings of up to 50% and reducing turnaround times by more than half. Ten of the top Twenty U.S. life insurers depend on Captricity's robotics process automation to deliver business insights that ultimately lead to a better customer experience. Captricity is headquartered in Oakland, CA.

For more information please visit www.captricity.com and www.captricity.org or follow us on Twitter @Captricity.

Contact:
Abby Topolsky
Director of Communications, Captricity, Inc.
[email protected]  
+1 415-602-0306

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.

Contact:
Emily Veach, Communications Manager
[email protected]
+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:
https://www.cbinsights.com/research-ai-100

To learn more about CB Insights' Innovation Summit, go here: http://events.cbinsights.com/corp-innovation-2017

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/captricity-selected-to-the-cb-insights-2017-ai-100-300390001.html

SOURCE Captricity

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.