AI Unicorn DataRobot Simplifies Data Modeling

According to a report by Research On Global Markets, the global machine learning market is expected to grow 48% annually to $19.4 billion by 2023. The growing adoption of IoT devices and of a connected business ecosystem is expected to drive data-powered decisions, thus fueling the requirement for machine learning technologies.

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Icertis’ AI Platform Leads to Unicorn Status

According to a report by MGI Research, the total addressable market of contract lifecycle management companies is estimated to grow at a CAGR of 31% to $20 billion over the next five years. Bellevue, Washington-based Icertis is a leading player in the market that recently achieved a Unicorn status for its AI-based platform.

AI Unicorn Globality Alters B2B Procurement

According to a Market Research Future report, the global procurement software market is projected to grow at 10% CAGR to $10 billion by the year 2023. The integration of AI capabilities with procurement software is expected to help bring on significant developmental opportunities into the procurement software market.

Outreach Joins the AI Unicorn Club

According to a recent Salesforce survey, nearly half of all salespeople believe that AI is critical in guided selling capabilities. AI-driven sales engagement is a hot space and Outreach is one of the first unicorns from this field.

Unicorn InsideSales.com Leverages AI

According to a recent Market Research Future report, the global sales performance management market is estimated to grow at 16.6% CAGR to $9.34 billion by the year 2023. The growth is attributed to the increasing demand to build a metrics-driven sales tool and the need for driving channel effectiveness across industries. Utah-based InsideSales.com is a leading player in the market which is leveraging AI capabilities to deliver on these expectations.

AI Unicorn Uptake in No Hurry to List

According to a Markets and Markets report, the global predictive analytics market is expected to grow a 22% CAGR to reach $12.4 billion by 2022. The growth in the industry is attributed to availability of enormous volumes of data and the adoption of connected and integrated technologies. Chicago-based Uptake Technologies is an AI unicorn in this space.

Cloud Stocks: Medallia Banks on Acquisitions

According to a recent report by Market Research Future, the global customer experience management market is estimated to grow at 22% CAGR to reach $18 billion by 2023. Earlier this year, Palo Alto-based Medallia (NYSE: MDLA), a leading player in the industry, went public. Its stock has had a tumultuous run so far. But the company isn’t too worried as it continues to consolidate in the industry with several acquisitions.

ezCater Targets International Expansion

According to a report by Technomic, the US catering market was worth $58 billion in 2017. Business to business catering (B2B) accounted for nearly $22 billion or 38% of the industry. Social catering or B2C contributed to the remaining $36 billion or 62%. B2B catering market has grown by over 20% annually since 2014.

Indigo Ag a Disruptor in AI AgTech

This year’s CNBC Disruptor 50 was topped by an AI unicorn in the field of AgTech called Indigo Ag. With the use of artificial intelligence, it enables better forecasting and transparency and aims to make farming less of a commodity business and more reliably profitable.

Argo AI Autonomous Vehicles Expand Globally

According to a recent report, the global self-driving car market is expected to grow 36% annually over the next few years to $173.15 billion by 2023. In the coming years, the acceptance of the technology by governments will be on the rise, resulting in industrial applications of autonomous driving technology. Pittsburgh-based Argo AI is among the leading vendors in the space.