Dorabot Named to the 2020 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups
Dorabot honored for achievements in AI & Robotics solutions for fully autonomous warehouses
NEW YORK, March 3, 2020 /PRNewswire/ -- CB Insights today named Dorabot to the fourth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
"It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired," said CB Insights CEO Anand Sanwal. "It has been gratifying to see that CB Insights' data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond."
In addition to disrupting core sectors including healthcare, retail, and finance, the 2020 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.
"This is another prestigious recognition for Dorabot after being named as one of the 'Technology Pioneers' by the World Economic Forum last year," said Dorabot CEO Spencer Deng. "We believe AI and Robotics is the engine for Industry 4.0. And the core competence of us is the ability to provide end-to-end solutions to our customers."
Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
Commercialized in 2015, Dorabot develops pick-and-place robots for induction, sorting and loading, collaborative mobile robots for inner transportation, and planning & scheduling software for streamlining warehouse operations. Applying cutting-edge AI and robotics, including computer vision, motion planning, mobility and deep learning, Dorabot has served global giants from logistics, manufacturing, retail, e-commerce and other scenarios.
Quick facts on the 2020 AI 100:
- As of the end of February 2020, these 100 emerging private companies have raised over $7.4B in funding across 300+ deals from 600+ unique investors.
- There are 10 unicorns (companies valued over $1B) in this year's AI 100 cohort.
- The list spans across various industries, including healthcare, retail & warehouse, and finance & insurance.
- 13 countries, such as China, Sweden, and Japan, are represented on the ranking. The majority of startups (65%) are based in the United States.
About CB Insights
CB Insights helps the world's leading companies accelerate their digital strategy and transformation efforts with data, not opinion. Our Emerging Tech Insights Platform provides companies with actionable insights and tools to discover and manage their response to emerging technology and startups. To learn more, please visit www.cbinsights.com.
Dorabot currently has over 170 employees from 10+ countries, working in Shenzhen, Guangzhou, Hong Kong, the US, and Australia, 80% of whom are engineers. Among Dorabot's employees are former multinational executives and Amazon Robotics Challenge champion team. Dorabot closed A+ round funding in February of 2018, led by Jack Ma's Yunfeng Capital.
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