PreSeries’ Algorithm Chooses Pixoneye as the Startup Most Likely to Succeed

PreSeries, the joint venture between Telefónica Open Future_ and BigML, staged the fourth edition of the Artificial Intelligence Startup Battle yesterday (Tuesday, February 28). The event took place at the main stage of the 4 Years From Now (4YFN) event, the startup focused platform of the Mobile World Congress that enables investors and corporations to connect with successful entrepreneurs to launch new ventures together. More than 500 attendees witnessed this unique battle, where no humans were involved in assessing the contestants. Instead, the Machine Learning algorithm of PreSeries chose the winner.

This fourth edition followed the footsteps of the previous AI Startup Battles, the first one celebrated in Valencia last March 15, 2016, the second one in Boston on October 12, 2016, and the third one in Sao Paulo on December 9, 2016, where PreSeries’ algorithm asked a number of dynamically selected questions to each contender in order to provide a score between 0 and 100. The startup with the highest score won the contest as the system deemed it to be the one with most likelihood of future success. The predictions are based on historical data from more than 350.000 companies from around the world.

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Pixoneye, the winner of the Artificial Intelligence Startup Battle at 4 Years From Now conference. Ana Segurado, the Global Manager of Telefónica Open Future_ gives away the award (left) to Pixoneye’s Erin Bronstein (right).

With a score of 96.63, the winner was announced as Pixoneye. Pixoneye is based in London and Tel Aviv, and offers the ability to analyze the untapped power of mobile users’ photo galleries on behalf of their clients. The second place finisher was Action.ai with a score of 94.00, an English company that develops chatbots that revolutionises customer interactions for businesses and user experiences. The third position, with 67.82 points, was for people.io of London. people.io gives people ownership of their data to enable the next phase in the evolution of human connectivity. Finally, the fourth placed contestant (with a score of 61.23) was Descifra of Mexico, which helps businesses understand the characteristics of the markets around them through easy to understand charts, tables, and maps.

As in previous battles, the audience enthusiastically warmed up to the idea of an AI system judging the contestants after the pitch sessions and was excited to witness Pixoneye being crowned the latest AI Startup Battle winner. 

PreSeries at 4YFN: a Good Beginning for a Great Year Ahead

PreSeries, the joint venture between Telefónica Open Future_ and BigML, has been invited to join the exclusive Four Years From Now (4YFN) event. 4YFN is the startup focused platform of the Mobile World Congress that enables investors and corporations to connect with the chosen entrepreneurs to launch new ventures together. As part of this year’s 4YFN agenda, we will also be presenting the fourth edition of the Artificial Intelligence Startup Battle, which takes place on Tuesday February 28, at the main stage of 4YFN in Barcelona, Spain. More than 500 technologists and decision makers will witness the power of the PreSeries Machine Learning algorithms, that predict the probability of success of any startup even in their early stages. There won’t be any humans involved in deciding the winner, PreSeries AI is the sole jury as we have showcased in previous battles.

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If you plan on going to 4YFN, do not hesitate to come by the PreSeries booth at the Telefónica Open Future_ stand, where we’ll be ready to answer all your questions regarding our technology, product, new features, etc., from today Monday February 27 until Wednesday March 1.

Meet the contenders!

The four contenders will each give a four-minute pitch to the audience followed by PreSeries asking them a number of question in order to provide them with a score between 0 and 100. At this point, you may be wondering who will be competing in the battle, so let’s get to know the contenders!

Action AI

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Action.ai, from London, develops smart Chatbots that revolutionize interaction. They transform business processes or user experiences by changing the way people achieve tasks that meet their needs both in their personal and professional lives. Action.ai’s technology enables industry-leading services to be launched without huge Capex or expertise in AI or Chatbots.

Descifra

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Descifra, from Mexico City, is an online service that helps businesses to understand the characteristics of the markets around them through easy to grasp charts, tables, and maps. They advise other companies on where to build their business by taking into consideration the level of competition and the market characteristics in a certain geographic area.

people.io

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people.io, also from London, gives people ownership of their data to enable the next phase in the evolution of human connectivity. Users of people.io earn credits each time they take an action such as answering a question or connecting a new data source like their email or bank accounts. As the type and amount of data associated with a given user increases, people.io starts match users with relevant brands and advertisers. Each time a user is “matched”, they receive a brief update from the advertiser, which offers the user extra credits for viewing or engaging with their content. However, at no point in the whole process does a brand or advertiser get direct access to the users’ profile data.

Pixoneye

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Pixoneye, from London and Tel Aviv, is a unique company with the ability to analyze the untapped power of users’ mobile photo galleries on behalf of their clients. In doing so, the company provides best in market real-time behavioral understanding and targeting capabilities for their clients’ ads, offers and services. Pixoneye team consists of some of the leading minds in computer vision and deep learning, and has recently been named one of the five AI companies to watch out for in 2017.

These four contesting startups will be showcased on Tuesday February 28, at the main stage of 4YFN. For those that can’t make it to the live event, our subsequent blog posts will share the results of the fourth edition of the AI Startup Battle. Good luck to all contenders!

About PreSeries events and battles

PreSeries was born in March 2016 and officially started its journey of re-imagining early stage technology venture investing by taking an unorthodox, AI-driven approach showcased via the world premiere of Artificial Intelligence Startup Battle at the PAPIs Connect Conference in Valencia. Thanks to the continuation of AI Startup Battles in Boston and Brazil, as well as our collaboration at WIRED London 2016, the startup community has a new-found appreciation of how Machine Learning can be utilized to better allocate venture capital.

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Be sure to follow the upcoming PreSeries’ battles in 2017 as they will be announced on the BigML event’s page as well as on Preseries.com. Among other venues, these will include the battles that we will present at PAPIs ‘17 and PAPIs Connect. For more details, please stay tuned by following us on: LinkedIn, Google+, Facebook, or Twitter. The countdown starts now!

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.

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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.

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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).

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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!

PreSeries goes to the Test Lab at WIRED2016 in London

Innovative technology, leading edge startups and brilliant entrepreneurship were at display at London’s Tobacco Dock for the 2016 edition of Wired conference this week, on November 3 and 4. The inspiring venue and a great line up of speakers in this two-day event made for a truly special gathering along with the Test Lab, which was organized by Telefónica. PreSeries has been invited to participate, and made the best of it by interactively demoing its capabilities thanks to our Alexa integration. Nothing better to capture the moment than a few pictures!

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In addition to the PreSeries booth, Telefónica presented an impressive array of seven more companies from its portfolio:

  • Saffe, a mobile payment app that leverages world-class facial recognition technology
  • Knomo, a company that creates fashionable accessories to get life organized
  • Pzizz, an app that helps people beat insomnia and get great sleep
  • Cru Kafe, a company that offers one of the best ethical and organic coffee labels in the world
  • Voicemod, a platform that lets you add real time audio modification to your app with a simple and free SDK
  • 52 MasterWorks, the first crowdfunding company investing in art
  • Pulsar, an audience intelligence platform that provides insights on customer behaviour from social media data

Over 700 people visited the Test Lab, which was even further expanded the evening of the first exhibition day, when 13 additional companies joined the event.

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The Test Lab and WIRED2016 event will close its doors today (Friday, November 4, at 06:45 PM GMT). We sincerely thank the Wired community and Telefónica for this great opportunity to showcase the value of PreSeries to fellow early stage startups and investors that are thirsty for quantifiable and objective feedback about their growth potential.

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AI Startup Battle coming to São Paulo on December 9, at the BSSML16

The Artificial Intelligence Startup Battle where the jury is an algorithm keeps on traveling around the world! We are glad to announce our next stop: São Paulo, Brazil, on December 9, 2016. This will be the third edition of a series of very exciting battles, where five AI startups compete with each other and are judged by a Machine Learning algorithm, with no human involvement.

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The world’s premiere Artificial Intelligence Startup Battle took place in Valencia, Spain, last March 2016, when Telefónica Open Future_ and BigML presented PreSeries to the world. The reaction of the audience was extremely positive! So much that the PreSeries team and Telefónica Open Future_ decided to continue with a series of battles spread worldwide. That is why we launched the second edition in Boston last October 12 at PAPIs ’16. But we still want more! This third time in São Paulo, Brazil.

Apply to compete!

The worldwide interest in Machine Learning makes Brazil’s economic capital São Paulo the perfect South American stop to organize the next AI Startup Battle. If your startup applies Artificial Intelligence and Machine Learning as a core component of your offering, we invite you to compete in the battle! Submit your application and if you are selected, you’ll be able to pitch on stage, make connections at the conference, and get unique exposure among a highly distinguished audience.

Five Artificial Intelligence startups will be selected to present their projects on stage on December 9 at the closing of the Brazilian Summer School in Machine Learning 2016. These five startups will be automatically judged by the Machine Learning algorithm of PreSeries that will predict the probability of success for each startup.

The winner of the battle will be invited to Telefónica Open Future_’s acceleration initiatives to enjoy the access to the Wayra Academy (up to six months) and to Wayra services and contacts, such as 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 a US $50,000 convertible note loan (versus a possible 7 to 10% equity). Microsoft will also contribute to the prize of the winning startup with US $120,000 in Microsoft Azure credits to be consumed in two years. The winner will receive a BizSpark Plus stamp, an upgrade of the Microsoft benefits for startups offered in Azure, access to its software platform, and the opportunity to connect with investors and other businesses.

Competition details

WHAT:

  • Artificial Intelligence Startup Battle.

WHEN:

  • Friday, December 9, 2016 from 06:00 PM to 07:30 PM BRST.

WHERE:

  • VIVO Auditorium (Telefónica Building). Av. Engenheiro Luís Carlos Berrini, 1376 – Brooklin, São Paulo – SP, 04571-000, Brazil.

APPLICATION PROCESS:

The Machine Learning technology behind PreSeries

The battle is powered by PreSeriesa joint venture between Telefónica Open Future_ and BigML that uses a diverse set of public and private data about early stage startups to find patterns that help investors foresee which companies warrant a potential investment. PreSeries predictive models are built on top of BigML’s Machine Learning platform and facilitate agile data-driven decisions in combination with the worldwide funding experience of Telefónica Open Future_.

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The AI Startup Battle will meet its select audience in a very innovative context, the Brazilian Summer School in Machine Learning 2016. This event is part of a series of Machine Learning courses organized by BigML in collaboration with VIVO and Telefónica Open Future_. Read this blog post for more details.

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.

A machine chooses the best startup at PAPIs Connect

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Artificial Intelligence is a fact, a machine is able to predict the success of a startup through analyzing data and asking questions. This is what happened in Valencia, where PreSeries chose Novelti as the startup most likely to succeed. This is possible due to the alliance between Telefónica Open Future_ and BigML.

The event coincided with the world-famous Valencian Fallas. The noise, gunpowder and fireworks were around the city, but the sparks were also present in the Paraninfo conference room at Universitat Politècnica de València (UPV) during the first Artificial Intelligence startup battle, celebrated at PAPIs Connect. The startup battle was the perfect context to present PreSeries, a predictive platform able to predict the success of a startup in its very early stages, based on data analysis.

The two-day conference was filled with interesting talks and panel discussions presented by Artificial Intelligence experts such as Nuria Oliver, Telefónica’s Scientific Director, and Ramón López de Mántaras, Director of the Artificial Intelligence Research Institute of the CSIC, among others. The most anticipated moment of the PAPIs Connect conference arrived with the startup battle, featuring five contestants: Datatrics, Emotion Research Lab, Intranetum, Novelti and Restb. The originality of this event was that, for the first time in history, the winner was chosen by an algorithm, without human intervention.

The run-up to the battle was presented by MªJesús Alonso and Poul Petersen, from PreSeries. They introduced the joint venture between BigML and Telefónica Open Future_, represented by Francisco J. Martín and Ana Segurado respectively. “In the last years, we have seen that around 80% of the startups we meet fail in the first five years of development. With the implementation of this innovative and must-have technology we can mitigate the risk involved in investing in new businesses and help the startups implement a better business model to secure their future” explained Ana Segurado.

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The audience was expectant and the contestants were nervous as the moment to present their projects neared. Each had to present their company in three and a half minutes.

Five startups with five ambitious projects:

  • Datatrics. Provides a predictive marketing platform very affordable and easy to use for marketing teams.
  • Emotion Research Lab. Analyzes human behaviour through facial recognition.
  • Intranetum. Uses Artificial Intelligence to classify the knowledge and know-how from a given organization.
  • Novelti. Offers analysis in real time to detect and prevent outliers from the cloud in all devices connected to IoT.
  • Restb. Monitors, with Deep Learning technology, the content generated by users that upload their photos to online spaces.

After the presentation of each project, PreSeries platform assessed them by asking questions such as the number of funding rounds, whether the founder has lead other projects previously, or how many team members the startup has. In this context, and together with other parameters the platform already knew, PreSeries gave a score between 0 and 100 to crown the winner, which was Novelti with a clear difference compared with the second place finisher, Intranetum.

It was a great result for Novelti, who won with a score of 86/100. Marco Laucelli, its CEO and Co-founder, together with Álvaro Agea, Technology Director, received the prize from Ana Segurado: the entrance in one of the Wayra academies, Telefónica’s startup accelerator. This means to be invested by Telefónica Open Future_ and accelerated at a Wayra academy.

“Telefónica inviting us to be part of their Wayra initiative and its ecosystem is very important. On top of that, having the opportunity to present Novelti in Boston is also a great prize for us”, highlighted Marco Laucelli, CEO and Co-founder of Novelti.

Finally, as closing fireworks for this celebration where Fallas and Artificial Intelligence got together, Novelti will participate in the AI startup battle world finals in Boston, which will take place at the end of 2016.

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An important milestone for this project that thanks to Machine Learning has been chosen without any kind of human manipulation.

This post has been translated from the original post published in blogthinkbig.com in Spanish by Pablo Requejo Rodriguez. The author of the video is Melissa Hortet.