According to Venture Scanner, who are tracking over 1866 Artificial Intelligence companies across 70 countries, the total amount funding raised by the AI industry has reached a total of $17.6 Billion. The United States ranks as the top country with around 875 companies. Many insurtech initiatives that are impacting on the insurance customer journey are based on AI and some are present on the most recent list revealed by Medici 21.

MEDICI Top 21 – AI has the objective of selecting and showcasing the most innovative AI startups disrupting the financial services industry worldwide, all with a market capitalization lower than USD 400M.

Over 300+ companies have been analyzed and, after rigorous screening & evaluation, the LTP team announced the Top 21 Winners – across three regions: EMEA, APAC, and the Americas.

Some of the main criteria used when judging the companies were: Disruptiveness, Replicability, Profitability, Persistence, Productivity and Existing Partnerships.

The Top 7 AI Startups in the Americas according to Medici are:

• Finn.ai http://finn.ai/
• Narrative Science https://narrativescience.com/
• Loop.ai http://www.loop.ai/
• Forward Lane http://forwardlane.com/
• Numerai https://medici.letstalkpayments.com/companies/numerai
• Alpaca.ai https://www.alpaca.ai/
• Kasisto http://kasisto.com/  

The Top 7 AI Startups in EMEA according to Medici are:

• Neosurance http://www.neosurance.eu/
• Fraugster https://medici.letstalkpayments.com/companies/fraugster-limited
• Spixii https://medici.letstalkpayments.com/companies/spixii
• Plum https://medici.letstalkpayments.com/companies/plum
• Giosg.com https://medici.letstalkpayments.com/companies/giosg
• Shift Technology https://medici.letstalkpayments.com/companies/shift-technology
• MotionsCloud http://motionscloud.com/

The Top 7 AI Startups in APAC according to Medici are:

• Tookitaki https://medici.letstalkpayments.com/companies/tookitaki
• Solidware https://medici.letstalkpayments.com/companies/solidware
• Active.AI http://active.ai/
• Jewel Paymentech https://www.jewelpaymentech.com/
  
• Boundlss http://www.boundlss.com/
• Morph AI https://morph.ai/
• Niki.ai https://niki.ai/

For the complete version of the article please visit Let’s Talk Payments website

Medici Top 21 is an initiative by Let’s Talk Payments – dedicated to researching and examining the ideas, people, and companies using technology to change financial services.