AUSTIN, Texas [June 14, 2023] – SparkCognition, a global leader in artificial intelligence (AI) software solutions perfected for business, today announced that it has been named to the inaugural XB100, the definitive ranking of the top 100 private deep tech companies, published by XPRIZE and Bessemer Venture Partners.
The XB100 was launched to celebrate the entrepreneurs who are commercializing scientific research into deep tech and spotlight how they are impacting our society across nine categories. The XB100 evaluation process involved ranking companies across four factors: impact on humanity, valuation, scientific difficulty, and commercial traction. For impact on humanity, XB100 enlists the help of a judging panel of scientists and industry experts who assist in the evaluation.
“The companies on the XB100 list represent the most valuable and impactful private companies in the deep tech sector,” said Tess Hatch, partner at Bessemer Venture Partners. “The XB100 awardees defy imagination and will reshape the human experience.”
“We’re honored to recognize the innovators featured on the inaugural XB100 and their important impacts on society,” said Anousheh Ansari, CEO of XPRIZE. “As we work to empower problem-solvers around the world to address humanity’s greatest challenges, XPRIZE celebrates these great minds and our collective impact.”
SparkCognition builds award-winning AI solutions that enable organizations to predict future outcomes, prescribe next best actions, and strengthen worker safety. Founded in 2013, the company has an IP and patent portfolio of over 200 assets covering machine learning, natural language, computer vision, generative AI, and more. Leveraging these technologies, SparkCognition has established a proven product portfolio that helps organizations increase productivity, reduce operating costs, and improve safety across industries. Last year, SparkCognition achieved unicorn status with a valuation of more than $1.4 billion.
“With our next-generation technology and extensive IP portfolio, we’ve built formidable AI solutions that empower businesses to optimize processes, solve complex problems, and meet the demands of the 21st Century,” said Stephen Gold, Chief Marketing Officer at SparkCognition. “We’re proud to be named to the inaugural XB100 list for being a pioneer in AI innovation and for our contributions to the deep tech sector.”
The XB100 list is published online at https://www.bvp.com/xb100.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
XPRIZE is a global future-positive movement delivering truly radical breakthroughs for the benefit of humanity. XPRIZE inspires and empowers a global community of problem-solvers to positively impact our world by crowdsourcing solutions through large-scale competitions, tackling the world’s grandest challenges in exploration, environment, and human equity. Donate, learn more or join a team at xprize.org.
SparkCognition’s award-winning AI solutions allow organizations to predict future outcomes, prescribe next best actions, and help ensure worker safety. We partner with the world’s industry leaders to analyze, optimize, and learn from all types of data, augment human intelligence, drive profitable growth, and achieve operational excellence. Our patented AI technologies including machine learning, deep neural networks, natural language processing, and computer vision lead the industry in innovation and accelerate digital transformation. Our solutions allow organizations to solve critical problems—prevent unexpected downtime, maximize asset performance, deliver net-zero initiatives, and eliminate accidents, all while avoiding zero-day “cyberattacks. To learn more about how SparkCognition’s AI solutions can unlock the power in your data, visit www.sparkcognition.com.