WHY IT MATTERS: Digital Transformation

When it comes to specific start-up sub-sector leadership, we see Montreal emerge as one of the global hotspots for artificial intelligence (AI) start-ups. Since 2016, more than $1 billion has been invested in AI companies located there (including notable startup Element AI), and it has the largest concentration of AI academic researchers in the world. Montreal also hosts the NeurIPS conference, the largest AI event held annually in the world.

A look at the most promising global startups working with artificial intelligence.

A ranking of the 100 most promising private artificial intelligence companies.

It is a purely data-driven/algorithmic process that uses CB Insights data. We’ve gathered this data via our
machine learning technology (dubbed The Cruncher) as well as via several thousand direct submissions
from firms and individual professionals using The Editor.
The Company Mosaic page walks through the factors considered in the algorithm in some detail but at a
high level, it considers several factors including:
- Momentum – Considers non-traditional signals including news mentions, sentiment, jobs data/hiring,
social media, web traffic and usage, partnerships, and more.
- Market – Quantifies the health of the sector and industry the company is involved in, including funding,
deals, exit activity, and hiring.
- Money — Assesses financial signals including funding recency and total raised.
- Investor quality – Weighs the quality of the investors participating in deals to the company, judging
investors based on exits, returns, and portfolio quality.