Pandemic hit the entire business in the world, unlike the size and sector. Each organization is changing their strategies to survive with the new normal. The organizations are invested in artificial intelligence for sustainable improvement.
Quick and spontaneous decision making can be made by utilizing the facilities of artificial intelligence. A decision-making tool consists of the ability to predict the future market and as per the prediction, the new decisions can implement with confidence. The IT spent of the organizations are grows up in the pandemic year. So technology also introduces advanced features to tackle the situation.
The most spending organizations for the development of artificial intelligence in 2020
Sentinel One
Sentinel one was the most funded company for IT, it is an autonomous cybersecurity platform raised 267 million US dollars in F series. It is managed by multinational company Tiger Global Management and associates with Sequoia Capital Global Equities.
Samba Nova Systems
Samba Nova Systems is a technology-based company and the objective of the organization is big data analytics and machine learning. The company received 250 million US dollars in C series funding for software-defined artificial intelligence hardware. The fund was raised by the Blackrock organization and its partners.
Olive
Olive is a healthcare based, artificial intelligence developer. The company is more relevant in this pandemic situation and they are developing technologies for the health sector. This year, the company received 225.5 million US dollars in a venture round type of transaction. The fund was raised by different sound sectors in the globe such as Tiger Global, General Catalyst, Silicon Valley Bank, and Drive Capital.
UIPATH
UIPATH is a leading robotic process automation company. In July, the company received 225 million US dollars in series E. The fund was invested by Alkon, Accel, Coatue, Sequoia Capital, Dragoneer, IVP, Madrona Venture Group, Tiger Global, Tencent, and Wellington.
Atomwise
Atomwise is a computer associates based start-up company in San Francisco and associates with Pharma Companies. The company received 123 million US dollars in a Series B. The investors are the B capital group and Sanabil investments.
Dataiku
Dataiku is a centralized data platform based in New York, which is associated with artificial intelligence. The company raised 100 million US dollars in August 2020 in a series D funding. Tiger Global Management is a prior investor.
