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.
Ashutosh Garg, CEO
Eightfold AI offers a, AI-driven talent intelligence platform for organizations to upskill and reskill workers, recruit workers and reach diversity goals. Eightfold’s platform offers customers a way to look at the roles and skills of employees, job candidates and contractors, according to the company’s website. Its AI uses neural networks that pull from billions of global data points for its insight.
This year, the Santa Clara, Calif.-based company partnered with systems integrator Tata Consultancy Services to develop joint offerings and raised a $220 million Series E funding round to grow its partner ecosystem and its AI-powered platform for reskilling and upskilling employees.
It has raised a total of $396.8 million, according to Crunchbase. The company was founded in 2016.
Eightfold AI investors include a SoftBank fund, General Catalyst and Capital One Ventures. Among the startup’s partners are Deloitte, SAP, PwC, Accenture and Oracle. The company also ranked on CRN’s midyear “The 10 Hottest AI Startups Of 2021 (So Far).”
Before founding Eightfold AI, CEO Ashutosh Garg co-founded commerce experience cloud provider BloomReach. He worked at Google until 2008, leaving with the title of staff research scientist.