We are honored to be included on the CB Insights Artificial Intelligence 100 list. Our inclusion was announced today at The Innovation Summit Santa Barbara, a conference that brings promising private tech startups together with leading investors, researchers, economists and business strategists. Captricity was one of 1,650 young firms nominated for the award. Winners were spotlighted during a presentation titled The AI 100: 100 Startups That You Better Know.
Captricity shares the distinction with groundbreakers that include CrowdFlower, Orbital Insight, Sentient Technologies and DataMinr, to name just a few.
“We’re incredibly proud to be in the company of so many inspirational thinkers, researchers and inventors on the AI 100 list,” said Captricity founder and CEO, Kuang Chen. “At its core, AI is about redefining our human experience and sharing beneficial technologies with people everywhere. At Captricity, we add to that definition by helping enterprises gain access to critical data, which improves customer experiences and business decision making . That’s been our focus from the beginning, and it’s one of the reasons why Captricity is growing and thriving.”
Our customer base is populated by some of the world’s most innovative businesses. We serve a broad range of markets, including insurance, healthcare, government, education and nonprofits. In addition to providing data capture, transformation and normalization technology to 10 of the top 20 U.S. life insurance companies, Captricity has helped revolutionize data capture for the U.S. Food and Drug Administration, Humana, Xerox Health and many others.
“From financial services to healthcare to transport, incumbent companies in every industry are seeing that AI will reshape their industries,” CB Insights CEO Anand Sanwal said. “And as so often happens, transformational innovation comes from emerging companies. In the case of AI, a lot of the groundbreaking work is being done by the AI 100. The companies in the AI 100 are accelerating research, improving efficiency, and making many game-changing advancements that will be felt for decades to come.”
Captricity is the first cloud-native data extraction platform to capture and convert data generated by paper forms – including handwriting – into business-ready information with an industry-leading accuracy rate of 99.9 percent. Our award-winning, crowd-guided machine learning, handwriting recognition technology helps leading organizations in insurance, government and healthcare unlock access to the customer data they need to optimize business processes, improve decision making and enhance the customer experience. Read the full press release here.