PALO ALTO, Calif., April 7, 2021 /PRNewswire/ -- CB Insights today named Fiddler AI to the fifth annualAI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
“This is the fifth year CB Insights has recognized the most promising private artificial intelligence companies with the AI 100, and this is one of the most global groups we've ever seen. This year's cohort spans 18 industries, and is working on everything from climate risk to accelerating drug R&D,“ said CB Insights CEO Anand Sanwal. “Last year's AI 100 companies had a remarkable run after being named to the list, with more than 50% going on to raise additional financing (totaling $5.2B), including 16 $100 million+ mega-rounds. Many also went on to exit via M&A, SPAC or IPO. As industry after industry adopts AI, we expect this year's class will see similar levels of interest from investors, acquirers and customers.“
“We're honored to be named to the AI 100 list and excited that our mission to build trust in AI is quickly becoming critical in today's world. Algorithms rule our lives - from news consumption to mortgage financing, our lives are driven by algorithms. Most algorithms are AI-based and increasingly black boxes. We cannot allow algorithms to operate with a lack of transparency. We need accountability to build trust between humans and AI. Fiddler's mission is to build trust with AI by continuously monitoring models and unlocking the AI black box with explainability,“ said CEO & Founder, Krishna Gade.
Through an evidence-based approach, the CB Insights research team selected the AI 100 from a pool of over 6,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. TheMosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
Fiddler's Model Performance Monitoring solution enables data science and AI/ML teams to validate, monitor, explain, and analyze their AI solutions to accelerate AI adoption, meet regulatory compliance and build trust with end-users. They provide complete visibility and understanding of AI solutions to customers. Fiddler has been recognized for its industry-leading capabilities and innovation - they were named a Technology Pioneer 2020 by the World Economic Forum, one of Forbes' companies to watch on its 2020 AI 50 list, and a 2019 Cool Vendor in Gartner's Enterprise AI Governance and Ethical Response Report.