A few months ago, Bloomberg published its list of the “50 Most Promising Startups You’ve Never Heard Of.” We were thrilled when Rulai was included. After all, we were only one of three startups specializing in Artificial Intelligence (AI) that made it on their list.
Competition was fierce—approximately 50,000 private companies were initially examined. In order to be include in the competition, startups had to have received venture capital or venture debt in the past three years.
Creating a new list of winners in 2017
How did Bloomberg tackle the seemingly impossible task of narrowing down a list of 50,000 to a mere 50? It makes sense that in Silicon Valley the answer ended up being a computer program. What’s more, it was the same computer program that predicted a long list of winners back in 2009, including Evernote, Spotify, Etsy, Zynga, Palantir, and Cloudera.
While this computer program has been around for years, it was only recently that Bloomberg approached its creator, Quid Research, and asked the company to duplicate its previous success for a new 2017 list of winners. (Ironically, although the venture capital world is credited with enabling computing to take off, it’s one of the last areas of business to introduce computing into its decision-making.)
What was the methodology behind the new list? A few days ago Business Insider published an article exploring a brief history of this incredible computer program, as well as in-depth look at the criteria for this new contest. Check it out to learn about the companies and innovations set to transform the computing industry around the world in the years ahead.
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