Loop AI Labs Cognitive Computing

Loop AI Labs Cognitive Computing

  • FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020
    Global presence:
    Finland, Germany, Italy, Norway, Philippines, Singapore, Spain, Sweden, United States of America
    Company priority:
    We're on to something big this year!

Description

FOCUS

PRODUCTS & SERVICES:
Unsupervised Cognitive Computing Platform. Loop Q is a software and hardware platform that consists of two core components: the Loop Learning Appliance and the Loop Reasoning Appliance. These components use proprietary unsupervised deep learning algorithms designed to iteratively learn language and concepts directly from source data – without being explicitly told what to look for, or where.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Major industries focused on are E-commerce, Retail, Healthcare, Media, Automotive, Advertising, Mobile manufacturing, Mobile operators
PRIMARY PROBLEM SOLVED:
About 90% of the data in the world is actually dark to computers. Meaning that these reserves may hold the key to a company's competitive advantage, but it doesn't yet have the technology understand it. Loop Q helps to solve this problem using AI.
COMMENT
Loop AI’s homegrown algorithms learn the underlying structure and concepts within each organization’s dark data. Unlike competitors, their appliance does not require human guidance or labeling, domain-specific programming, or pre-defined dictionaries. Loop.ai merges robotic process automation (RPA) with cognitive capabilities. The RPA software is able to quickly learn how to do any repetitive job just by observing the historical data.

PEOPLE

MEDICI analysts will analyze Loop AI Labs Cognitive Computing soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
DATE OF LAST FUNDING:
Apr 2014
SEED CLOSED ON:
Apr 2014
LISTED:
NO

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