Elementary Named to 2022 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

Elementary recognized for his achievements in machine vision and industrial quality inspections

NEW YORK, May 19, 2022 /PRNewswire/ — CB Insights today named Elementary to its AI 100 Rankingshowcasing the world’s 100 most promising private artificial intelligence companies.

“This is the sixth year that CB Insights has awarded the most promising private artificial intelligence companies with the AI ​​100. This year’s cohort covers 13 industries, working on everything from recycling plastic waste to improving hearing aids“, mentioned Brian LeeSenior Vice President of CB Insights Intelligence Unit. “Last year’s AI 100 companies had a remarkable run, amassing more than $6 billionincluding 20 mega-towers worth more than $100 million each. We are excited to see the companies on this year’s list continue to grow and create products and services that have a meaningful impact on the world around them.”

“Manufacturing and the supply chain are being forced to undergo the biggest transformation we have seen in decades. The global supply chain shock, coupled with increased demand and a challenging labor market, is forcing manufacturers to find autonomous solutions to automate processes, improve digital intelligence, and increase yield and volume,” said Arye Barnehama, CEO and founder of Elementary. “At Elementary, we stand for closed-loop quality. Our platform uses cutting-edge machine learning to inspect goods and protect production lines from defects. Using cloud technology, data from inspection are analyzed to detect defects and root causes. This real-time AI-powered insights are then pushed to the factory floor, closing the loop and preventing defects through operational improvements.”

Using the CB Insights platform, the research team selected 100 private market vendors from more than 7,000 companies, including applicants and nominees. They were chosen based on factors such as R&D activity, exclusive Mosaic sheet music, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength and technology novelty. The research team also examined thousands of Analyst briefings submitted by the candidates.

Quick facts about the 2022 AI 100:

  • Equity financing and transactions: Since 2017, the 2022 AI 100 cohort has raised more than $12 billion from 650 investors, through more than 300 equity transactions.

  • unicorns: There are 16 companies with valuations over $1 billion on the list.

  • Geographical distribution: 73 of the selected companies are headquartered in the United States. Eight of the winners are based in the UK, followed by five in Canada. Other countries represented in this year’s list include India, Sweden, Chinaand Germany.

About Elementary
Elementary provides an easily scalable, flexible, and securely connected machine vision platform that harnesses the power of machine learning to open up new use cases, deliver insights, and close the manufacturing process loop. With Elementary Quality as a Service (QaaS), we deploy the inspection hardware, train the machine learning models, integrate your automation equipment, and provide data analytics. From cameras, lighting and mounting to software and support, we’re the single-source product experts, providing everything you need to increase detections, reduce defects and improve productivity.
For more information, please visit: https://www.elementaryml.com/.

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