Abree Murch AVG Blog April 30, 2021

Alumni Ventures Portfolio Companies in the 2021 Forbes AI 50



Alumni Ventures Portfolio Companies in the 2021 Forbes AI 50

April 30, 2021 | Abree Murch

Earlier this week, Forbes released their third annual AI 50, a list of private, promising North American companies that are using artificial intelligence in ways that are fundamental to their operations. These companies were selected from among 400+ applications by Forbes’ data partners and a panel of AI experts.

 

Click the graphic below to watch a video summary:

 

Did you see some familiar names in this year’s cohort? Here’s a bit more about the Alumni Ventures portfolio companies that made the list.

 

Canvas

Based in San Francisco, Canvas is innovating in the construction industry by creating high-quality tools for workers while matching the building demand of future decades. The company is addressing a significant portion of the $1.3 trillion construction industry market by leveraging advancements in collaborative robotics and machine learning to build a new class of tools for the drywall finishing space.

[READ MORE] Canvas: Robots for Better Building

 

FarmWise

FarmWise provides farmers with an eco-friendly means to grow organic crops at scale and meet increasing global food demand. The company is developing autonomous robots that perform a variety of farming functions, using machine learning models, computer vision, and high-precision mechanical tools. FarmWise’s first product, the Titan FT35 autonomous weeder, has been deployed in California and Arizona to support a variety of crops including leafy greens, cauliflower, and broccoli.

[READ MORE] FarmWise: Sustainable Farming Powered by Robots

 

Gatik

Founded in 2017, Gatik AI, is helping retailers adapt to the new distribution environment through the use of autonomous vehicles (AV). The company’s 11-foot refrigerated box trucks avoid challenges that impact other self-driving cars by choosing shorter and more efficient routes. Gatik’s test vehicle has already logged 70,000 autonomous miles at a Walmart location in Bentonville, Arkansas, while being monitored by a safety driver.

[READ MORE] Gatik AI: Delivery Without the Driver

 

Verge Genomics

Verge Genomics uses machine learning and human genomics to accelerate drug discovery. Their platform employs computational genomics and neuroscience to create breakthrough drugs for neurogenerative disease.

 

Alumni Ventures Group provides smart, simple venture portfolios with community to accredited individuals. PitchBook listed AVG as the most active VC firm in the U.S. during Q3 2020.

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