SUNNYVALE, Calif.--(BUSINESS WIRE)--Falkonry, Inc., the leading provider of predictive operations technology, today announced that it has been named to the CB Insights third annual AI 100 ranking showcasing the 100 most promising private artificial intelligence companies in the world. Falkonry enables operations teams to discover, explain and predict behaviors that matter, without requiring data scientists. Customers are realizing five to 10 times annual return on investment (ROI) from improved uptime, yield, quality and safety in operations spanning semiconductor, automotive, oil & gas, mining & metals and energy.
“Being named a CB Insights AI 100 company validates the power of Falkonry LRS, our pre-packaged machine learning system, and the short time to value companies are achieving,” said Dr. Nikunj Mehta, Founder and CEO of Falkonry. “By complementing the domain expertise of their operations teams with predictive operations technology, our customers are able to quickly discover patterns and apply them to many use cases.”
Falkonry has garnered significant recognition in the industry:
- Gartner named Falkonry a 2018 Gartner Cool Vendor in Artificial Intelligence Across the Supply Chain.
- Network World named Falkonry one of its “10 Hot AI-Powered IoT Startup.”
- CRN named Falkonry one of the “10 Hottest Industrial IoT Startups Of 2018.”
“After being named to the AI 100 in 2018, last year’s honorees raised nearly $4.5B across 45 deals with 6 going on to be valued at $1 billion or more,” said CB Insights CEO Anand Sanwal. “The data we compiled on this year's nominees, ranging from their customers to their patents to their CB Insights' Mosaic scores, revealed 100 AI companies that are driving transformation across a number of industries and which are taking on a variety of large societal issues ranging from disaster management to cancer diagnosis to detecting fake news. We expect these companies will see similar levels of momentum and progress in 2019 and are excited to continue to track their progress.”
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
About Falkonry
Falkonry is the leading provider of predictive operations technology for companies looking to achieve significant improvements in the uptime, yield, quality and safety of their operations. Falkonry enables operations teams to discover, explain and predict behaviors that matter, without requiring data scientists. Falkonry’s “pre-packaged” machine learning system, Falkonry LRS, complements a user’s domain expertise with predictive operations technology to more deeply understand their operations, and can scale across assets, processes and operations. For more information about Falkonry and its products, please visit www.falkonry.com
