CB Insights today selected Prospera 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’re honored to be named as one of the top 100 AI companies by CB Insights for our work in making agriculture more intelligent,” said Daniel Koppel, CEO and co-founder of Prospera. “Agriculture is ripe for a healthy injection of AI, and Prospera’s technology is providing growers worldwide with field analytics that predict and improve performance in a completely transformative way.”
Companies such as Affectiva, Blue River Technology, Deep Instinct, Sentient Technologies and Orbital Insight joined Prospera 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.
Prospera develops advanced techniques in deep leaning, computer vision and data science, in order to transform farming from an intuition-based practice to an optimized data-based practice. With in-field cameras and climatic sensors, Prospera is the only company that offers uniquely accurate remote agronomy and management solutions to farmers around the world. Prospera’s proprietary technology provides a cost-effective and scalable solution which enables farmers to understand and optimize every aspect of their business operations, deliver more food to market, produce less waste, and ensure produce is grown in a more sustainable way with the use of less water, pesticides and fertilizers. Already operational in medium to large greenhouse farms, Prospera’s technology is being used by farms that supply fresh produce to the largest grocery stores in Europe and the US including Walmart, Tesco, Sainsburys, and Aldi.
The AI 100 Winners:
Blue River Technology
Loop AI Labs
Pilot AI Labs
Rokid Corporation, Ltd.
Semantic Machines, Inc.
Zebra Medical Vision