GreenSight Agronomics wins the 7th A.I. Startup Battle at PAPIs ’17

The 7th A.I. Startup Battle (hosted by PAPIs ’17 at Microsoft N.E.R.D.) came to an end yesterday in Boston in fully automated fashion. The jury of this unique competition, PreSeries’ algorithms, has predicted that GreenSight Agronomics is the startup most likely to succeed in comparison to the three other contenders. After an intense Q&A session between the startups and PreSeries (through a voice-enabled device present on stage), the A.I. ranked the participants and crowned GreenSight Agronomics. They provide an automated, agronomic intelligence platform for superintendents, land managers, and farmers. They combine automated drones, patented sensors, and proprietary analytics to deliver customers maps and alerts enabling them to better manage water, pesticide, and fertilizer usage. They are already the leader in turfgrass remote sensing and analysis. They are helping Top-100 golf courses across the U.S. and Canada reduce water consumption, better task labor associated with irrigation and moisture measurement, and achieve better outcomes with fewer fungicides, pesticides, and fertilizer.

Winners of the 7th A.I. Startup Battle: GreenSight Agronomics represented by James Peverill, CEO & Lilian Ting, Director of Business Development

In the battle, all five startups have had the chance to introduce their company during a 5­-minute pitch prior to the human-A.I. interaction. Later on, PreSeries’ AI took the time to ask some questions to all the contenders about key aspects of their business. The exchange was made possible through a voice-assistant device present on stage (our very own ‘VC-in-a-box’).

Klarity, a software that automatically reviews sales contracts (NDAs, Beta, MSA/SLA agmts), so lawyers don’t need to be involved, came in 2nd position. They have completed the first module that uses Natural Language Processing to analyze NDAs and provides the user with (1) an overall risk profile, (2) a list of clauses present and non-present with individual risk profile attached to each clause (green, yellow, red), and (3) detailed analysis of the implications of a clause to the business + actionable insights that help renegotiate the agreement. Their goal is to expand to other contract types and industry verticals and eventually automate all contractual work.

Pearlo, a cloud-based application that helps busy professionals to quickly and inexpensively improve their processes arrived in 3rd position. It is powered by artificial intelligence and, once the user enters the narrative describing how the current process works, the tool delivers a graphical representation of the process, an efficiency score and a set of recommendations for improvement.

Myu.ai, a startup that empowers the many media artists around the world to collaborate remotely in a virtual studio arrived in 4th position. They help collaboration between humans and AI artists, to develop and commercialize original media content (music, film & VR). Their platform provides advanced editors, rights management, and global content distribution. They are a team from MIT and Berklee College of Music, with advisors including Jack Dorsey (CEO of Twitter).

After the event, BigML CEO & Co-founder and President of PreSeries, Francisco J. Martin, shared his thoughts: “Our startup battles have inspired a wide audience of investors and startup founders across the globe who are looking for concrete, quantifiable feedback on their performance on a continuous basis. Boston has naturally become a regular stop given the depth of the startup ecosystem here. We are impressed with arguably the most accomplished set of competitors to date in this 7th edition of the Startup Battle and wish them the best in attracting new customers, gaining further traction and securing new rounds of financing.”

GreenSight Agronomics, the winner of the battle has now the chance to participate in Telefónica Open Future _ Program. In this respect, it is eligible to access, up to six months, to Telefónica Open Future’s pre-acceleration services, subject to space availability (desk space and connectivity). After the six-months of pre-acceleration, PAPIs ’17 winner will be evaluated and, in case of a positive evaluation by Telefonica Open Future, PAPIs ’17 winner may have access to Wayra’s Acceleration Program. Wayra Acceleration Program offers financing for up to 50.000$ in the form of a convertible note and acceleration services, for a maximum period of 12 months, valued at a maximum of 70.000$, subject to the fulfilment of certain milestones agreed with Wayra (in the form of physical co-working space for the team, connectivity services, access to its network and know-how, consultancy services, entrepreneurship training, access to the Wayra network of potential investors, other entrepreneurs and practitioners from the venture capital industry).

For Ana Segurado, Telefónica Open Future_ Global Director, events like the one that we are hosting demonstrate the importance of making use of more technology to help investors make data-driven decision and avoid poor investment outcomes: “Machine Learning increasingly facilitates work with an amount of data and stages that, otherwise, make pricing decisions similar to playing in a casino with marked decks. It gives investors very valuable information that must be very seriously considered to make decisions in a short period of time”.

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Our next AI Startup Battle will be in London in April 2018, stay tuned on Twitter with #AIStartupBattle and @PreSeries.

Meet the Contenders of the 7th A.I. Startup Battle in Boston!

PAPIs ’17, the 4th International Conference on Predictive Applications and APIs, is a series of annual events where experts come discuss new developments, opportunities and challenges in real-world Machine Learning. This year, PAPIs ’17 returns to Boston, on October 24-25, 2017, and will host the 7th Edition of our AI Startup Battles (Oct. 24).

The audience, mainly decision makers and developers interested in the latest technology to build real-world intelligent applications, will witness the power of PreSeries, a predictive application that provides fact-based insights as well as many other investments and traction related metrics to help investors foresee which companies warrant a potential investment. PreSeries predictive models are trained with a diverse set of public and private data on more than 370,000 companies worldwide. On the 24th, after the startup pitches in the morning (schedule), our PreSeries A.I. will engage in a Q&A session with the 4 contenders through a voice-enabled device present on stage. It will then score and rank the startups. No human interference will occur during the scoring process, only PreSeries’ algorithms will be in charge of selecting the winner.

Meet the contenders!

At this point, you may be wondering who will be competing in the battle, so let’s get to know the contenders.

Klarity

Klarity builds software that automatically reviews sales contracts (NDAs, Beta, MSA/SLA agmts), so lawyers don’t need to be involved. We have completed the first module that uses Natural Language Processing to analyze NDAs and provides the user with (1) an overall risk profile, (2) a list of clauses present and non-present with individual risk profile attached to each clause (green, yellow, red), and (3) detailed analysis of the implications of a clause to the business + actionable insights that help renegotiate the agreement. Our goal is to expand to other contract types and industry verticals, and eventually automate all contractual work.

GreenSight Agronomics

GreenSight provides an automated, agronomic intelligence platform for superintendents, land managers, and farmers. They combine automated drones, patented sensors, and proprietary analytics to deliver customers maps and alerts enabling them to better manage water, pesticide, and fertilizer usage. They are already the leader in turfgrass remote sensing and analysis. They are helping Top-100 golf courses across the U.S. and Canada reduce water consumption, better task labor associated with irrigation and moisture measurement, and achieve better outcomes with fewer fungicides, pesticides, and fertilizer.

Pearlo

NewPearl, Inc. is the creator of Pearlo. Pearlo is a cloud-based application that helps busy professionals to quickly and inexpensively improve their processes. It is powered by artificial intelligence and, once the user enters the narrative describing how the current process works, the tool delivers a graphical representation of the process, an efficiency score and a set of recommendations for improvement.

Myu.ai

Myu.ai empowers the many media artists around the world to collaborate remotely in a virtual studio, with other human and AI artists, to develop and commercialize original media content (music, film & VR). Our platform provides advanced editors, rights management, and global content distribution. They are a team from MIT and Berklee College of Music, with advisors including Jack Dorsey (CEO of Twitter).

Stay tuned!

Be sure to stay tuned as the winner will be announced right after the event on social media (on Twitter with #AIStartupBattle) as well as on our blog. For more details, please follow us on: LinkedIn, Google+, Facebook, or Twitter. The countdown starts now!

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.