Top 10 AI Unicorns Transforming the Tech Industry in 2022
These AI unicorns are generating next-gen innovative solutions for efficiency and progress
Artificial intelligence is currently making its way towards becoming self-dependent. Global businesses have adapted to this interdisciplinary field and are creating a paradigm shift in almost all operations. Major AI companies are delivering some of the most avant-garde innovations to ensure that businesses continue to move forward. Here, we enlisted the top AI unicorns that are transforming global businesses in 2022.
H2O.ai is focused on solving complex business problems while accelerating the discovery of new technological ideas. The comprehensive AutoML capabilities can transform artificial intelligence to AI for gaining professional levels of accuracy, speed, as well as transparency. It serves multiple industries such as financial services, healthcare, telecom, manufacturing, insurance, and retail. It is focused on fraud detection, customer churn prediction, credit risk scopes, and so on.
Haomao.AI is known as a leading artificial intelligence technology company focused on autonomous driving. The aim is to bring zero accidents, zero congestion, and upgrade the travel and logistics mode. It offers secure, intelligent, and easy-to-deploy capacity solutions as well as low-speed logistics intelligent hardware products while empowering industry customers.
Harness is one of the top AI companies with a modern software delivery platform harnessing artificial intelligence for simplifying DevOps processes. DevOps functionalities include CI, CD, cloud costs, feature flags, infrastructure-as-code, and many other services to take pipelines to the next level. There is a wide range of products to help deliver code reliably and quickly to the users.
HighRadius is one of the leading providers of AI-based order-to-cash and treasury platforms for more than 200 Fortune 1000 brands. Artificial intelligence offers integrated invoice-to-cash applications by going beyond the data-driven platform to deliver intelligence to clients. Autonomous finance and accounting help to cover cash forecasting, cash management, cash app, and many more.
Highspot helps to enhance the performance of sales teams by leveraging the benefits of artificial intelligence. It is known for empowering companies to elevate customer conversations to drive strategic growth through customer engagement with end-to-end analytics. This AI company offers services to multiple industries such as technology, manufacturing, life science, and financial services.
Hive is one of the top AI companies to transform multiple industries such as automotive, manufacturing, hospitality, retail, communications, financial services, and many more. This company leverages artificial intelligence to offer video and image annotation, text and document annotation, audio annotation, 3D point cloud annotation, and data sourcing. It helps to use AI to unlock the next wave of intelligent automation.
Chinese AI chipmaker, Horizon Robotics, announced a massive US$600 million in funding in 2019, in its Series B financing round, which enabled the company set a new record for the AI chip-making industry. Back in 2019, Horizon Robotics became the world’s highest-valued AI chip unicorn. The funding was led by South Korean conglomerate SK, a semiconductor supplier named SK Hynix, and other top-tier manufacturers. Founded by Dr. Yu Kai, Former Director of Baidu, a deep learning research institute, Horizon Robotics received more than US$100 million in its A+ round led by chip giant Intel in 2017. Now with the investment from SK Hynix, the three-year-old startup acquired two of the world’s top three semiconductor companies as its major shareholders.
With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantages by structuring and connecting the critical contract information that defines how an organization runs. In March 2021, Icertis gained about US$80 million as a part of its Series F round. This funding round made Icertis the second-most valuable SaaS unicorn in the Indian startup circuit.
Innovaccer Inc is a leading healthcare data activation platform company focused on delivering more efficient and effective healthcare through the use of pioneering analytics and transparent, clean, and accurate data. Innvoaccer’s aim is to simplify complex data from all points of care, streamline the information, and help organizations make powerful decisions and realize strategic goals. Innovaccer landed US$150 million in a Series E round, adding nearly US$2 billion to its valuation. The startup was then valued at US$3.2 billion. Its previous round of funding put the big data startup in the leagues of health tech unicorns and increased its total funding by US$105 million.
Inspur Group is China’s leading cloud computing, big data service provider with three listed companies: Inspur Information, Inspur Software and Inspur International covering four large industry groups of the cloud data center, cloud services and big data, smart city, and smart enterprises. Inspur offers IT products and services that satisfy the information needs of more than 120 countries and regions.
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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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