These AI unicorns are generating next-gen innovative solutions for efficiency and progress

Artificial intelligence is currently making its way towards becoming self-dependent. Global businesses have adapted to this interdisciplinary field and are creating a paradigm shift in almost all operations. Major AI companies are delivering some of the most avant-garde innovations to ensure that businesses continue to move forward. Here, we enlisted the top AI unicorns that are transforming global businesses in 2022.

H2O.ai

H2O.ai is focused on solving complex business problems while accelerating the discovery of new technological ideas. The comprehensive AutoML capabilities can transform artificial intelligence to AI for gaining professional levels of accuracy, speed, as well as transparency. It serves multiple industries such as financial services, healthcare, telecom, manufacturing, insurance, and retail. It is focused on fraud detection, customer churn prediction, credit risk scopes, and so on.

Haomao.AI

Haomao.AI is known as a leading artificial intelligence technology company focused on autonomous driving. The aim is to bring zero accidents, zero congestion, and upgrade the travel and logistics mode. It offers secure, intelligent, and easy-to-deploy capacity solutions as well as low-speed logistics intelligent hardware products while empowering industry customers.

Harness

Harness is one of the top AI companies with a modern software delivery platform harnessing artificial intelligence for simplifying DevOps processes. DevOps functionalities include CI, CD, cloud costs, feature flags, infrastructure-as-code, and many other services to take pipelines to the next level. There is a wide range of products to help deliver code reliably and quickly to the users.

HighRadius

HighRadius is one of the leading providers of AI-based order-to-cash and treasury platforms for more than 200 Fortune 1000 brands. Artificial intelligence offers integrated invoice-to-cash applications by going beyond the data-driven platform to deliver intelligence to clients. Autonomous finance and accounting help to cover cash forecasting, cash management, cash app, and many more.

Highspot

Highspot helps to enhance the performance of sales teams by leveraging the benefits of artificial intelligence. It is known for empowering companies to elevate customer conversations to drive strategic growth through customer engagement with end-to-end analytics. This AI company offers services to multiple industries such as technology, manufacturing, life science, and financial services.

Hive

Hive is one of the top AI companies to transform multiple industries such as automotive, manufacturing, hospitality, retail, communications, financial services, and many more. This company leverages artificial intelligence to offer video and image annotation, text and document annotation, audio annotation, 3D point cloud annotation, and data sourcing. It helps to use AI to unlock the next wave of intelligent automation.

Horizon Robotics

Chinese AI chipmaker, Horizon Robotics, announced a massive US$600 million in funding in 2019, in its Series B financing round, which enabled the company set a new record for the AI chip-making industry. Back in 2019, Horizon Robotics became the world’s highest-valued AI chip unicorn. The funding was led by South Korean conglomerate SK, a semiconductor supplier named SK Hynix, and other top-tier manufacturers. Founded by Dr. Yu Kai, Former Director of Baidu, a deep learning research institute, Horizon Robotics received more than US$100 million in its A+ round led by chip giant Intel in 2017. Now with the investment from SK Hynix, the three-year-old startup acquired two of the world’s top three semiconductor companies as its major shareholders.

Icertis

With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantages by structuring and connecting the critical contract information that defines how an organization runs. In March 2021, Icertis gained about US$80 million as a part of its Series F round. This funding round made Icertis the second-most valuable SaaS unicorn in the Indian startup circuit.

Innovaccer

Innovaccer Inc is a leading healthcare data activation platform company focused on delivering more efficient and effective healthcare through the use of pioneering analytics and transparent, clean, and accurate data. Innvoaccer’s aim is to simplify complex data from all points of care, streamline the information, and help organizations make powerful decisions and realize strategic goals. Innovaccer landed US$150 million in a Series E round, adding nearly US$2 billion to its valuation. The startup was then valued at US$3.2 billion. Its previous round of funding put the big data startup in the leagues of health tech unicorns and increased its total funding by US$105 million.

Inspur Cloud

Inspur Group is China’s leading cloud computing, big data service provider with three listed companies: Inspur Information, Inspur Software and Inspur International covering four large industry groups of the cloud data center, cloud services and big data, smart city, and smart enterprises. Inspur offers IT products and services that satisfy the information needs of more than 120 countries and regions.

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Shares from psychedelics unicorn Compass Pathways (NASDAQ:CMPS) are soaring in anticipation of the data being created by the company’s phase 2 trial with the psychedelic psilocybin.

Adding to the excitement, Compass announced on Wednesday the launch of a new program using the hallucinogenic compound in the treatment of post-traumatic stress disorder.

Psilocybin is the active molecule in so-called “magic mushrooms.” Compass is currently in the final stages of a phase 2 trial with the molecule for treatment-resistant depression.

Compass is expected to release data from its depression study in the coming weeks. Anticipation for the announcement has led the company’s stock to rise 13% in the last 5 days and 50% in the last month, with a current price of $45.3.

With this new announcement, the company is taking its proprietary version of synthetic psilocybin, called COMP360, to 20 patients in a safety and tolerability study of psilocybin therapy for people who suffer from PTSD resulting from trauma experienced as adults.

The study will begin at The Institute of Psychiatry, Psychology & Neuroscience at King’s College London. Participants will receive a single 25mg dose of COMP360, given in conjunction with specialist psychological support.

“The primary endpoint of the study is to assess the safety of COMP360 psilocybin therapy. Secondary endpoints will measure efficacy in improving PTSD symptoms, functionality, and quality of life,” noted a company press release.

Post-traumatic stress disorder is the main indication behind MAPS’ phase 3 trial using MDMA (or ecstasy) in combination with talk therapy. The program is universally expected to become the first FDA-approved psychedelic protocol by late 2022 or early 2023.

George Goldsmith, Compass CEO and co-founder, said the company is pleased to be able to expand the development of COMP360 into the indication of PTSD.

How Compass Price Action Compares To Crypto:

• The price of Bitcoin (CRYPTO: BTC) has risen 32% in the last month, from $47,787 to $62,962.
• The price of Ethereum (CRYPTO: ETH) grew 35.6% in the last month, from $3,419 to $4,595.
• The price of Dogecoin (CRYPTO: DOGE) is up 22.9% since last month, from $0.22 to $0.27
• Compass’ stock price grew 50.8% in one month, from $30 to $45.3 at market close on Wednesday.

Benzinga Photo.