Synapse Technology Corporation Named to the 2020 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

NEW YORK, March 3, 2020 /PRNewswire-PRWeb/ -- CB Insights today named Synapse Technology Corporation to the fourth annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.

"It's been remarkable to see the success of the companies named to the Artificial Intelligence 100 over the last four years. The 2019 AI 100 saw 48 companies go on to raise $4.9B of additional financing and nine got acquired," said CB Insights CEO Anand Sanwal. "It has been gratifying to see that CB Insights' data-driven approach to identifying the top AI companies using patents, customer traction, investor quality, market sizing and more has become so effective at picking the AI winners of tomorrow. We look forward to seeing what the 2020 AI 100 companies will accomplish over the course of this year and beyond."

In addition to disrupting core sectors including healthcare, retail, and finance, the 2020 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, China, Chile, and South Africa, and are supported by more than 600 investors.

"Artificial intelligence is the core tool that powers our Syntech ONE product to catch thousands of illicit firearms, sharps, and other dangerous items. It's an honor to be recognized by CB Insights for our work in this field" said Synapse President Ian Cinnamon. Bruno Faviero, Chief Operating Officer of Synapse, said "AI has allowed us to deploy these systems at a global level, serving a wide range of customers previously untouched by AI from airports to courthouses." "In the last 18 months, the advancements made in artificial intelligence have allowed us to develop and deploy this technology at an unprecedented scale." added Simanta Gautam, Chief Technology Officer.

Through an evidence-based approach, the CB Insights research team selected the AI 100 from nearly 5,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.

About Synapse Technology
Synapse Technology's AI platform Syntech ONE® integrates with new and existing X-ray machines used at security checkpoints. Instead of security screeners relying solely on human cognitive abilities to identify threats like guns and knives, Syntech ONE augments and automates the detection of these dangerous items. Syntech ONE has already been widely deployed, having processed over 26,000,000 passenger bags at security checkpoints in four countries. The US Department of Homeland Security (DHS) recognizes the value of Syntech ONE and has granted Synapse Technology Corporation a SAFETY Act award for its technology platform. For more information, visit synapsetechnology.com.

SOURCE Synapse Technology