CB Insights named Encord, the platform for data-centric computer vision, on its annual AI 100 ranking, a list showcasing the 100 most promising private artificial intelligence companies in the world. "However, this is just the beginning and we have exciting developments on the horizon – watch this space." "This is the sixth year that CB Insights has recognized the most promising private artificial intelligence companies with the AI 100. This year's cohort spans 13 industries working on everything from recycling plastic waste to improving hearing aids," said Brian Lee, SVP of CB Insights' Intelligence Unit. "Last year's AI 100 companies had a remarkable run, raising more than $6 billion, including 20 mega-rounds worth more than $100 million each. We're excited to watch the companies on this year's list continue to grow and create products and services that meaningfully impact the world around them." "We're honoured to not only be recognized as an innovative AI Startup but also as the only company within the computer vision bracket. The whole team has worked tirelessly from its humble beginnings to get to where we are today and for this effort to be recognized is great kudos to everyone," said Ulrik Stig-Hansen, Co-Founder & CEO at Encord.

The AI 100 was selected from a pool of over 6,000 companies.

Caspar.AI honored for achievements in AI Technology for Real Estate CB Insights today named Caspar.AI to the fourth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world. Featured in CB Insights real-estate AI category, Caspar is reshaping the real estate industry to allow for smart, sustainable design that both improves the residents' living experience and reduces overall costs for property management. Real estate developers partner with Caspar to build differentiated smart properties, drive additional revenue, save costs, and enhance resident experience. "We are delighted to be awarded as the top AI company for real estate," said Dr. Ashutosh Saxena, Founder & CEO of Caspar.AI & Former Faculty in the Department of Computer Science at Cornell University. "People spend two-thirds of their time at home. There is a massive opportunity for AI to reimagine how people live in their homes. Our Caspar Sense and Caspar Adapt technology, understand the resident activities and automatically adapts home to their preferences. "It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years.

Artificial intelligence companies are sprouting all over the world. With rapid advancements ranging from virtual assistants to fraud detection, AI has come a long way recently. Almost every organization, whether it is fashion, banking or retail, is using AI in a way possible to innovate and make their services better. Technology giants like Apple, Google, Intel, Samsung and Salesforce are competing in the race to acquire private AI companies. More than 200 small companies using AI algorithms across different verticals have been acquired since 2012, with over 30 acquisitions taking place in the first quarter of 2017 alone.