This article appears in print in the October 2019 issue. See more about the winners of the 2019 Tech Impact Awards here. Click here for a free subscription.
Algorithmia operates on the edge of what used to be science fiction, offering a machine-learning platform called AI Layer that allows customers access to a library of algorithms created by the company’s developers.
The company’s public platform boasts more than 8,000 machine-learning algorithms that can be inserted into other programs. Among the platform’s users is the United Nations.
“We work with the United Nations to power a global repository of machine-learning models that any member state can use to help inform census data, environmental modeling, economic factors and agricultural trends,” says Chief Executive Officer Diego Oppenheimer.
This past May, Algorithmia closed a $25 million funding round, bringing total capital raised to nearly $38 million. The company doubled its employment during the 12 months ended this past July, from 24 to 50. It also operates a Canadian subsidiary and a sales office in New York.
“We will continue to build toward making Algorithmia’s AI Layer the machine-learning deployment platform of choice for the Fortune 500,” Oppenheimer says. “We intend to double the size of our engineering team to continue developing the best machine-learning deployment and scaling infrastructure available.”
Xnor.ai’s technology packs a lot of AI power into “edge” devices like phones, IoT hardware and low-power microprocessors. The company, started in late 2016, has raised some $15 million to date. It was spun out of the Allen Institute for Artificial Intelligence and seeks to offer “AI everywhere for everyone” by divorcing the technology from reliance on heavy cloud-based computation. Xnor.ai’s platform offers self-service development tools that allow users to integrate AI into their apps. “Xnor’s mission is to remove barriers that prevent the widespread use of AI in everyday devices,” says Ali Farhadi, cofounder and chief executive officer.