Jyoti Nigania

Hi,i am writing blogs for our platform House of Bots on Artificial Intelligence, Machine Learning, Chatbots, Automation etc after completing my MBA degree. ...

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Hi,i am writing blogs for our platform House of Bots on Artificial Intelligence, Machine Learning, Chatbots, Automation etc after completing my MBA degree.

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Startups That Are Using AI and Machine Learning to Boost Business Outcomes

By Jyoti Nigania |Email | May 23, 2018 | 5394 Views

We are making a big bet on Machine Learning and Artificial Intelligence and they are increasing at the fastest pace. Here are the collection of Startups which are using AI and Machine Learning to boost business outcomes. With a lot of development in AI and ML globally, all the companies are coming up equally in different fields of AI and Machine Learning. 

Founded in 2013 by mathematicians from the University of Cambridge and government cyber intelligence experts in the US and the UK, Darktrace is recognized today as the world's leading AI Company for cyber security.
Darktrace is headquartered in San Francisco and Cambridge, UK, with 32 offices globally and over 650 employees. It is privately owned, with investors including KKR, Talis Capital, Hoxton Ventures, Summit Partners, SoftBank, TenEleven, Samsung Ventures, Invoke Capital, and Insight Venture Partners Darktrace's pioneering technology, the Enterprise Immune System, applies AI to the cyber defense challenge for the first time, and has proven it successful in detecting cyber-threats those existing, legacy systems cannot. Darktrace's pioneering technology, the Enterprise Immune System, applies AI to the cyber defense challenge for the first time, and has proven it successful in detecting cyber-threats those existing, legacy systems cannot.

BenevolentAI was founded in 2013 by Ken Mulvany following the sale of Proximagen, a successful biotech business that Ken founded. BenevolentAI believes that the way it brings science and computer technology together is unique.  BenevolentAI combines the power of machine brains with expert human brains to understand the wealth of big, complex and ever-changing data.  The technological goal is to augment human judgment to assist the creative process that characterizes the very best scientist. 
BenevolentTech is developing an advanced artificial intelligence platform that helps scientists make new discoveries and redefines how scientists gain access to, and use, all the data available to them to drive innovation.  The technology is built upon a deep judgment system that learns and reasons from the interaction between human judgment and data. BenevolentAI believes that the way it brings science and computer technology together is unique.  

Cybereason has been named to the 2018 AI 100, which ranks the 100 most promising artificial intelligence companies in the world. Further adding to this honor, we're one of just six cyber-security companies that made the list. 
Cyber-security is one of the toughest application domains in IT for artificial intelligence because in security we have an active, human intelligence that is still the most effective intelligence, from a broad perspective, in the world.

Headquartered in Stockholm, Klarna offers payment solutions for online storefronts, debt collection and credit payments through a simple platform by assuming the financial risk between stores and shoppers. We are addressing the exciting area of Machine Learning and Artificial Intelligence. If you've spent much time in Sweden, then chances are you've heard of this online financial services unicorn especially given that some 40% of the country's ecommerce sales are now processed through Klarna.

Monzo is one of the most hyped fintech startups to come out of the UK. Founded in early 2015 by Tom Blomfield. Monzo's mission is to build the best bank in the world one that's built for your smartphone and designed for the way we live today. Monzo is a bank for everyone that works with you, for you.
A bank that lives on your smartphone and built for the way you live today. By solving your problems, treating you fairly and being totally transparent, it believes that it can make banking better.

Founded by three entrepreneurs from Oxford University. Onfido builds trust in an online world by helping businesses digitally verify people's identities.
Using machine learning technology, Onfido validates a user's identity document and compares it with their facial biometrics. The identity can then be cross-referenced against international credit and watchlist databases.

Founded in 2014, Tractable has a world-class research & development team with over 30 years combined research experience and is backed by Silicon Valley Venture Capital. 
Tractable develops proprietary artificial intelligence algorithms that can learn and perform visual tasks, just like humans. Tractable applies the state of the art in deep learning, taking it from the lab to the real world to solve real problems for businesses. Within insurance, Tractable technology is able to assess damage severity to a vehicle just based on photos, optimizing repair and claims management processes.

Co-founded in 2016 by established entrepreneur Jean-Fran├???├??├?┬žois Gagn├???├??├?┬ę and leading AI researcher Yoshua Bengio in the deep learning hub of Montreal, we're pioneering an AI-First world by turning the world's most important AI research into transformative business applications.
Element AI advance cutting-edge AI research and turn it into scalable products that makes businesses safer, stronger, and more agile. Transforms transform large organizations around the world by translating cutting-edge AI research into customizable, scalable and human-centric AI products.

The Antoine Amann is the founder and CEO of the company. Using a combination of AI and machine learning, Echobox analyzes vast amounts of data to analyze what content topics people respond best to at different times of the day across platforms.


 

Source: HOB