Fourth Edition of the Startup Battle at 4YFN

Four Years From Now, the startup business platform of Mobile World Congress that enables startups, investors and corporations to connect and launch new ventures together, goes to Barcelona, Spain, from February 27 to March 1, 2017. We could not think of a better context to run the fourth edition of our series of Startup Battles.

Telefónica has invited PreSeries, the joint venture between Telefónica Open Future_ and BigML, to participate at the 4YFN event and showcase its early stage venture investing platform on the main stage on February 28 in front of an audience of over 500 technologists. In a nutshell, PreSeries provides insights and many other metrics to help investors make objective, data-driven decisions in investing in tomorrow’s leading technology companies.

battle_-4yfn

In rapid fire execution mode, Valencia was the first city that witnessed the World’s premiere Artificial Intelligence Startup Battle last March 15, 2016. On October 12, the PreSeries Team travelled to Boston to celebrate the second edition at the PAPIs ‘16 conference. Less than two months later we celebrated the third edition in São Paulo, in the BSSML16 context. The fourth edition of our series of startup battles will be hosted in Barcelona, Spain. The distinguished audience and press members in Catalonia will discover how an algorithm is able to predict the success of a startup without any human intervention.

To recap the process, five startups from the Wayra Academy, Telefónica’s startups accelerator, will present their projects on stage through five-minute to-the-point pitches. Afterwards, PreSeries will ask a number of questions to each contender in order to provide a score between 0 and 100. The startup with highest score of all will win the battle. Having the opportunity to participate in the battle is key for participating startups as it will give them excellent exposure to potential corporate sponsors, strategic partners and the venture investments community. Stay tuned for future announcements, where we will reveal the contenders of the fourth edition of our Startup Battle as it may just prove to be the most competitive one so far.

Prognoos wins the Artificial Intelligence Startup Battle in São Paulo!

Following the footsteps of the inaugural AI Startup Battle that took place in Valencia, Spain, last March 15, 2016, and the second edition in Boston last October 12, 2016, the closure of the Brazilian Summer School in Machine Learning 2016 was brought with the third edition of the Artificial Intelligence Startup Battle. Brazilian media outlets covered the battle, since it was the first time in history that Brazil held a contest where the jury was a Machine Learning algorithm that predicted the probability of success of an early stage startup. The four competitors (DataholicsPayGo EnergyPrognoos, and Sppin-Kapputo) and Saffe Payments took to the stage, although Saffe Payments did not participate in the competition because they are already part of the Wayra academy.

_s3x3051

Contenders of the AI Startup Battle at the BSSML16. From left to right: Guilherme Paiva, Co-Founder and CEO of Sppin-Kapputo; Mark O’Keefe, Co-Founder of PayGo Energy; Daniel Mendes, Founder and CEO of Dataholics; Raul Magno, Co-Founder and CEO of Prognoos; and Renato Valente, Country Manager of Telefónica Open Future_ in Brazil.

The PreSeries Machine Learning algorithm interviewed the contenders until it had enough information to provide a score between 0 and 100. The winning company, with a score of 92.33, was Prognoos, a startup from São Paulo that has built an artificial intelligence platform using e-commerce user interaction and browsing data to personalize their buying experience through its proprietary algorithm.  This startup is being invited to Telefónica Open Future_’s accelerator to enjoy access to the Wayra Academy (for up to six months) and to Wayra services and network of contacts e.g., training, coaching, a global network of talent, as well as the opportunity to reach many Telefónica enterprises in Brazil and abroad. After six months, the winning company will be evaluated and may apply to run for a full Wayra acceleration process, including up to USD $50,000 convertible note loan (versus a possible 7 to 10% equity).

_s3x3029

Prognoos, winner of the AI Startup Battle at the BSSML16, represented by Raul Magno, its Co-Founder and CEO (left). Renato Valente, Country Manager of Telefónica Open Future_ in Brazil (right).

The second place was for PayGo Energy, from Nairobi, Kenya, with a score of 71.90, they seek to democratize LPG (Liquefied Petroleum Gas or Propane) for the 2.9 billion people worldwide who lack access to clean cooking fuel. The third position was for Dataholics, from São Paulo, with a score of 39.72, they focus on providing a solution to detect the products and services that fit a given consumer profile based on his/her social media and demographic information. And finally, the fourth place went to Sppin-Kapputo, from Belo Horizonte in Brazil, with a score of 28.14, this company is an information broker that uses Machine Learning to allow real estate investors and construction companies to make better decisions by relying on analytics tools and prediction models that evaluate the impact of construction on a real estate market.

At the end of the event, BigML’s CEO and President of PreSeries, Francisco J. Martin, highlighted: “We already knew from the growing number of active BigML users in Brazil that the region holds tremendous potential due to an abundance of young and hungry to learn minds as well as world class academics in Machine Learning and AI. This week was further testament that geographic barriers are no longer strong enough to prevent the spread of innovative and ambitious ideas that consider not only their local market but the whole worlds as their target audience for their data driven smart applications.”

The next edition of the AI Startup Battle will take place soon, so stay tuned for new announcements on Twitter (@preseries) and other social media channels: LinkedIn, Facebook, and Google+. For more information about the BSSML16, please read this blog post.

Looking forward to seeing you again in future editions of our AI Startup Battles around the world!

Brazilian AI Startup Battle: Meet the Contenders!

As a thriving innovation hub, São Paulo’s economic impact can be felt all across Brazil, South America and even the world. The city that is colloquially known as Sampa or Terra da Garoa (Land of Drizzle) will also be the host to the third installment of the AI Startup Battle powered by PreSeries and Telefónica Open Future_.

battle_brazil1.jpg

The AI Startup Battle is a one-of-kind startup contest, where five early-stage ventures compete on stage and are judged and ranked by Artificial Intelligence (AI). The AI is completely autonomous, no human intervention compromises the bias-free algorithm. How does it work? The contenders first pitch their startup and are then asked questions by the AI live on-stage. All the information gathered is then processed by the AI to generate a score from 0 to 100, which represents the startup’s long-term estimated likelihood of success. Paving the way for a more quantifiable early stage investing, previous editions of the battle were held in Valencia, Spain and Boston, USA as part of the PAPIs conferences.

The impending edition of the AI Startup Battle will be part of the Brazilian Summer School in Machine Learning 2016 (BSSML16). The contest is taking place on December 9 at the VIVO auditorium in São Paulo and is part of a series of Machine Learning courses organized by BigML in collaboration with VIVO and Telefónica Open Future_. BSSML16 is a two-day course for industry practitioners, advanced undergraduates, as well as graduate students seeking a fast-paced, practical, and hands-on introduction to Machine Learning. The Summer School will also serve as the ideal introduction to the kind of work that students can expect if they enroll in advanced Machine Learning masters.

Meet the contenders of the 1st Brazilian edition

PayGo Energy

screen-shot-2016-12-06-at-1-03-59-pm

PayGo Energy from Nairobi, Kenya believes in equal opportunities and seeks to democratize LPG (Liquefied Petroleum Gas or Propane) for the 2.9 billion people worldwide who lack access to clean cooking fuel. PayGo Energy allows families to purchase gas in small amounts, making LPG more affordable than ever. They operate on aa pay-as-you-go basis. Their micro-payment structure critically aligns with existing consumer spending habits to overcome current cost barriers and enable access to a stable supply of cooking gas.

Dataholics

screen-shot-2016-12-06-at-1-05-50-pm

DATAHOLICS from São Paulo, Brazil provides a solution to detect the products and services that fit a given consumer profile based on his/her social media and demographic information. This rich data significantly improves the targeting of direct marketing campaigns, product recommendations for e-commerce, market research, database enrichment and the generation of highly qualified trade leads.

Prognoos

screen-shot-2016-12-06-at-1-18-32-pm

Prognoos built an artificial intelligence platform with a very low operational cost. Their first product presents a unique browsing experience with matchmaking algorithms. It uses e-commerce user interaction and browsing data to personalize their buying experience through its proprietary algorithm, assuring a good match between the ideal product to the right customer with the aim of decreasing the churn rate.

Kapputo

screen-shot-2016-12-06-at-1-15-21-pm

Kapputo is an information broker that uses Big Data and Machine Learning in order to allow real estate investors and construction companies to make better decisions by relying on analytics tools, prediction models that evaluate the impact of construction on a real estate market.

Saffe

Screen Shot 2016-12-07 at 5.07.56 PM.png

What if you could pay with just a selfie? Saffe Payments is a mobile payment app that leverages world-class facial recognition technology to make your life easier and more secure.

Good luck to all participants, and stay tuned for the results for the Brazil’s first ever AI Startup Battle!