8 Israeli Companies Named To Top 100 Promising AI Startups Worldwide
Eight Israeli-founded companies featured in the annual AI 100 finalists report put together by New York-based research firm CB Insights, recognizing top firms worldwide that are “pushing the boundaries of AI research” and “redefining industries.” The report was published last week.
CB Insights said the listed companies were selected from nearly 5,000 startups based on several factors including patent activity, business relations, investor profile, market potential, competitive landscape, team strength, and tech novelty.
The selected firms are working on solutions “across 15 core industries, including healthcare, retail and warehouse, and finance and insurance.”
The Israeli companies are:
–Lemonade, the Israeli-founded, NY-headquartered insurance tech company that uses behavioral economics, AI and chatbots to deliver renters and homeowners insurance policies in over two dozen states across the US.
Lemonade’s renters’ insurance pricing starts at $5 per month and their homeowners’ insurance starts at $25 per month. The company also has a charitable component where revenue left over after paying claims goes to charities of users’ choices.
Lemonade announced last month that it will begin offering pet insurance this year.
– Healthy.io, the Israeli medical tech startup that developed a platform to turn smartphones into sophisticated diagnostics devices capable of analyzing urine samples. Healthy.io has two FDA clearances for a smartphone-based urine albumin test, called Dip.io that aids the diagnosis of chronic kidney disease, developed a consumer-focused UTI testing service in partnership with UK pharmacies, and recently unveiled a new digital solution in the US for the management of chronic wounds.
Healthy.io was founded in 2013 by Yonatan Adiri, who also serves as CEO, and has raised some $90 million to date.
– Zebra Medical Vision, the Israeli AI medical imaging insights company that developed platforms to read medical scans and automatically detect anomalies. Through its development and use of different algorithms, Zebra Medical has been able to identify visual symptoms for diseases such as breast cancer, osteoporosis, and fatty liver as well as conditions such as aneurysms and brain bleeds.
The company received its fourth FDA 510(k) clearance in November for its HealthCXR device for the identification and triaging of pleural effusion (water in the lungs) in chest X-rays.
– Viz.ai, a medical imaging company that helps optimize emergency treatment using deep-learning technology to analyze CT scans and automatically detect and alert physicians of early signs of large vessel occlusion strokes. The platform, Viz LVO, helps triage patients directly to a stroke specialist and fast-track life-saving care. The software is available in over 300 hospitals across the US.
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Viz was founded in 2016 by a global team of experts, including Dr. David Golan, an Israeli statistics and AI expert. The startup has offices in San Francisco and Tel Aviv and has raised over $70 million to date.
– Razor Labs, a Tel Aviv-based startup founded in 2016 that builds tailor-made neural networks and helps mining and manufacturing companies “reap the benefits arising out of the AI revolution.”
The startup’s DataMind platform virtualizes manufacturing processes and its VisualMind video analytics platform uses several AI applications for corporate objectives. The company also runs an eight-week educational program focused on deep learning engineering, from which it hires candidates, and builds tailored executive shorter sessions based on it.
Razor Labs is bootstrapped and profitable and has offices in Perth, Australia and Tel Aviv.
– Snyk, the Israeli-founded, UK-based cybersecurity company that provides security solutions for vulnerabilities in open source libraries. Founded in 2105, Snyk recently raised a $150 million investment with a valuation of over $1 billion.
The company’s major clients include Google, Microsoft, Salesforce, and Adobe.
– SentinelOne, the Israeli cybersecurity firm that developed an AI-based platform to secure endpoints including laptops, PCS, servers, cloud servers, and IoT devices. Its system analyzes data in real-time to identify anomalies and provide a response to attacks.
Founded in 2013, the company recently raised $200 million in a funding round led by NY-based equity firm Insight Partners at a company valuation of more than $1 billion. SentinelOne has offices in Mountain View, California and a development center in Israel.
– ClimaCell, the US-based, AI-powered weather intelligence platform company created by Israeli founders. ClimaCell automates operational decisions and action plans based on how historic, real-time, and future weather will impact businesses. It produces hyper-local weather forecasts using vast quantities of traditional and non-traditional data (IoT devices, drones, cellular signals, sat com signals, and street cameras) and targets weather-sensitive industries.
The company is based in Boston and has more than 150 corporate clients including Delta, JetBlue, the New England Patriots, and ride-sharing, Israeli-founded startup Via.