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6 Machine Learning Start-Ups to Watch
Did you know that over 8,705 companies, including start-ups listed on Crunchbase, heavily rely on machine learning (ML) for their primary and secondary products and services? The projected growth of a CAGR of 42.8% from 2018 to 2024 corroborates how ML has revolutionized digital enterprises, reshaping the operational landscape across industries. Here’s a round-up of 6 ML start-ups across sectors to look out for:
An enterprise ML platform, DataRobot facilitates the building and deployment of predictive models. Companies that struggle with recruiting for technological roles can use DataRobot to simplify data analysis and expedite turnaround times to carry out predictive analysis. Accenture, Kroger, Harvard Business School, Carrefour, and PwC are a few of the many global giants they cater to.
Hong Kong’s first tech unicorn uses its proprietary deep learning platform to offer text, image and facial recognition solutions; video analysis; auto-driving technology; and remote sensing. Global companies like Qualcomm, Huawei, Alibaba and Xiaomi find their place in the clientele.
Alation’s ML-based data catalogue solution addresses the requirements of dominant personas – analysts, chief data officers, IT and engineering heads. Their solution is intuitive and usable, which helps employees find, comprehend and use data across their organizations. Companies like Pfizer and Munich Re have adopted the solution.
This UK-based AI start-up received a massive $200m funding from investors like BMW and Microsoft in 2018. Graphcore’s technology helps in cost and performance improvement of AI. They claim that their Intelligence Processing Unit (IPU) is the first processor specifically designed to handle ML workloads. Poplar, a graph programming framework for ML programs, is another proprietary software offered by this start-up that visualizes IPU ops. Microsoft, Imperial College London and Citadel are a few of its clients.
This unique start-up integrates ML and AI to streamline daily tasks of extracting data from unstructured documents. Cinnamon has demonstrated steady growth by not only adding new clients to its roster, but also by upgrading its solutions for improved accuracy. Based in Tokyo and Vietnam, the company has such large-scale enterprises as Japan Credit Bureau, Showa Denko and Kansai Electric Power as customers. Cinnamon also won the Business Innovation Development Award by japan Creation Association for their exemplary work in AI.
This start-up’s innovative approach integrates multi-source data, auto image scanning and satellite data processing chains. The platform is a dynamic one that offers cloud-free mapping solutions. Professionals can analyze, develop and sort geographical data into actionable insights by leveraging Terramonitor’s latest ML, AI and satellite data. The Finnish Government is one of their significant clients.