Innovation leader honored for achievements in the on-device edge AI industry
New York, NY – March 3, 2020 – Kneron was named by CB Insights to the fourth annual AI 100 ranking, showcasing the 100 most promising private AI companies in the world.
“To be listed on the AI 100 is an honor,” stated Albert Liu, Kneron’s Cofounder and CEO. “It represents our determination to expand AI inferencing from the cloud to the edge so that private user data can be more secure and edge AI devices and applications can be more ubiquitous in our everyday lives. We’re excited and inspired to see our work being recognized by CB Insights.”
Kneron’s on-device edge AI solutions include AI chips and AI software models that enhance smart devices with AI functions without the constant need to be connected to a cloud-based AI service because the AI inferencing happens where the data is collected. This greatly reduces the bandwidth needed to share vast amounts of private user data to be computed and stored in cloud servers and the possibility that the data can be compromised, leaked, or hacked.
With real solutions being employed by partners in the market already, Kneron is pioneering the growth of the on-device edge AI industry.
“It’s been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired,” said CB Insights CEO Anand Sanwal. “It has been gratifying to see that CB Insights’ data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond.”
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 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. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.