Second Year in a Row Firm Recognized for Fostering New Wave of AI-based Companies Across Medicine, Computing, and Finance Industries
SAN DIEGO—Nov. 5, 2019 Analytics Ventures, a fund dedicated to creating and building venture companies that harness the power of artificial intelligence (AI) technologies, announced they have been recognized for the second year in a row as the Best Venture Capital Firm for AI by Awards.AI—the first and biggest global achievement awards for artificial intelligence. Additionally, Analytics Ventures was also named Best Incubator or Accelerator for AI. Now entering its fifth year, the awards program highlights achievements across a number of industries, and recipients range from start-ups to well-established companies, and individuals. This year, the Awards.AI program featured 51 awards across seven categories.
Artificial intelligence is one of the biggest buzzwords in modern culture today. Analytics Ventures believes despite this ubiquity, the AI industry as a whole is still in its fledgling years. While curiosity around AI transcends every industry, questions remain around how critical AI is to business success, and subsequently, how to integrate AI into a business, if a company is technically equipped to interpret and benefit from these algorithms, and how and where to access data, among many more unknowns.
“Analytics Ventures’ ethos lies in AI innovations that answer these kinds of questions via an all-in-one model that ideates, forms, funds, and launches novel ventures in AI,” said Navid Alipour, managing partner at Analytics Ventures. “We are successful in this endeavor through our network of more than 70 employees and eight ventures, spanning industries including biotechnology, healthcare, medicine, advertising technology, enterprise technology, computing, energy, and finance. Powered by proprietary algorithms and an in-house AI lab of 15 data scientists, each venture we incubate is uniquely prepared to catalyze a new generation of innovation in its respective vertical.”
Start-ups currently being incubated in the Analytics Ventures venture studio include: Dynam.AI, which delivers end-to-end AI services to help businesses in any industry, of any size, build and harness AI capabilities; Kazuhm, a distributed computing platform that unifies all resources, from desktops to servers to cloud, to create a private compute fabric, allowing users to place and process containerized workloads easily and intelligently; and AlphaTrAI, an advanced AI-driven financial trading platform for stocks.
Awards.AI is the first and biggest global annual achievement awards for artificial intelligence. Now in its fourth year, our focus is to support the AI community by recognizing the hard work and dedication of those working in the field. Founded in 2015, Awards.AI is part of the Informed.AI Group which runs several community websites supporting the area of Artificial Intelligence. Our manifesto is to help support those interested to learn more about the field of AI, from students to academic researchers and everyone in-between. Other websites in our network include into.AI, Events.AI, and Neurons.AI.