DataVisor recognized for achievements in the use of AI for the early
detection and mitigation of fraud
NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–CB Insights today named DataVisor to the third annual AI
100 ranking, showcasing the 100 most promising private artificial
intelligence companies in the world.
“After being named to the AI 100 in 2018, last year’s honorees raised
nearly $4.5B across 45 deals with 6 going on to be valued at $1 billion
or more,” said CB Insights CEO Anand Sanwal. “The data we
compiled on this year’s nominees, ranging from their customers to their
patents to their CB Insights’ Mosaic scores, revealed 100 AI companies
that are driving transformation across a number of industries and which
are taking on a variety of large societal issues ranging from disaster
management to cancer diagnosis to detecting fake news. We expect these
companies will see similar levels of momentum and progress in 2019 and
are excited to continue to track their progress.”
In addition to disrupting core sectors including healthcare,
telecommunications, semiconductor, government, retail, and finance, the
2019 AI 100 companies are revamping the broader enterprise tech stack.
These companies span the globe, from the US, UK, Israel, Japan, China,
Germany, Sweden, and Canada, and are supported by more than 680
investors from 29 countries.
“DataVisor has made great strides in fighting digital fraud using AI and
machine learning and this is a testament to our success,” said
Yinglian Xie, CEO and cofounder of DataVisor. “Conventional rules
based systems and current machine learning based solutions are reactive
and useful only for keeping up with known types of fraud. Unfortunately,
when it comes to fraud detection, if you’re just keeping up, you’re
already behind. It is our goal at DataVisor to always be one step ahead.
Our work with AI using proprietary unsupervised machine learning
approaches allows us to outpace malicious actors and deliver the best
product to our customers.”
Through an evidence-based approach, the CB Insights research team
selected the AI 100 from over 3,000 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
DataVisor detects new and unknown fraud patterns, from day one. Adapting
to changing attack patterns and detecting new attacks early, it can
often provide 30-50% additional detection results over existing systems.
Industries currently being served by DataVisor include financial
services, social platforms, marketplaces, gaming, telecoms, and more.
Key use cases include the prevention of fraudulent financial account
applications; content moderation and filtering on marketplaces;
detection of fraudulent transactions; and anti-money laundering. Clients
include such household names as Pinterest; Yelp; Letgo and more.
Quick facts on the 2019 AI 100:
- As of EOY 2018, these emerging private companies have cumulatively
raised $9.4B across 375 deals.
- Ten companies have reached a unicorn valuation of $1B or more.
- Over 680 unique investors from 29 different countries have backed the
companies in this year’s cohort.
- Over 680 US patent applications have been filed by the AI 100.
- Twenty-five previous honorees were featured on this year’s list, in
addition to 75 new companies.
- Eight countries are represented on the ranking, and the majority of
the companies are based in the United States.
The AI 100 Companies (in alphabetical order):
Benson Hill Biosystems
About CB Insights
At CB Insights, we believe the most complex strategic business questions
are best answered with facts. We are a machine intelligence company that
synthesizes, analyzes and visualizes millions of documents to give our
clients fast, fact-based insights. Serving the majority of the Fortune
100, we give companies the power to make better decisions, take control
of their own future, and capitalize on change.
DataVisor is the next gen fraud detection platform based on cutting edge
AI technology. Using proprietary unsupervised machine learning
algorithms, DataVisor helps restore trust in digital commerce by helping
businesses proactively detect and take action on fast evolving fraud
patterns. Combining advanced analytics and an intelligence network of
more than 4B user accounts globally, DataVisor protects businesses
against financial and reputational damage. The DataVisor solution is
deployed across a variety of industries, including financial services
and e-commerce and social platforms. For more information, visit www.datavisor.com.
Hyeri Kim, PR Manager
212-292-3148 ext. 3020