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The 10 Hottest AI Startups Of 2021
Wade Tyler Millward
Startups Edifius, Eightfold AI and Orbital Insight are just some of the companies to grab CRN’s attention, as an IDC report puts revenue from the worldwide AI market in 2021 at $341.8 billion, up 15.2 percent year over year.
CEO: Richard Schwartz
Pensa Systems offers a video-based computer vision and AI to give retailers more information on shelf inventory, product planning and product placement in physical stores. The system, which includes use of an autonomous drone, learns where products belong on the shelf and aims to identify errors missed by human eyes.
In June, Pensa raised $11 million in Series A funding. The round was led by ATX Venture Partners with new investor Circle K Ventures, part of convenience store operator Alimentation Couche-Tard. Previous investors include Anheuser-Busch InBev investment arm ZX Ventures, Commerce Ventures and Revtech Ventures, according to Pensa.
The Austin, Texas-based company has raised a total of $28.2 million to date, according to Crunchbase. It was founded in 2016.
Before joining Pensa, CEO Richard Schwartz previously worked at mobile device security and management company Good Technology for more than a year. He left in 2015 with the title of vice president, carrier head.