Six months later, we’re overwhelmed with the response. Not only did we receive hundreds of submissions, the companies were all innovative, impactful and inspiring. In healthcare, startups are utilizing AI to create personal and mental health assistants, conduct drug research and diagnosis as well as spot patterns and abnormalities. In retail, computer vision is used to automatically recognize and tag items in images and video, enhance advertising and optimize shopping experiences. In financial services, machine learning is fueling research summaries and insights that investment professionals can use to invest smarter and faster. In human resources, AI is helping to understand people’s strengths, skills and networks and properly match them with jobs and schools. The number of use cases across industries is endless.
For more than 25 years, Microsoft has worked to advance transformative power of AI, believing in its ability to accelerate human ingenuity and solve some of society’s most pressing challenges. The hundreds of startups that applied to Innovate.AI make it clear that the next generation of innovators is realizing this vision in ways we never could have imagined, and we can’t wait to help drive the progress.
Today, I am thrilled to share that after narrowing it down to 34 finalists, we have selected the four winners for the Innovate.AI competition. Most importantly, I wanted to share a little bit about the stories behind their successes:
Anonymizing data with artificial intelligence
With data privacy concerns on the rise, more and more companies are looking for partners that can help them achieve the new European Union General Data Protection Regulation (GDPR) compliance by anonymizing their data. Hazy is working to make this a reality.
Using any arbitrary structured data source (e.g. a database or stream of data), Hazy leverages deep learning algorithms with topological data analysis and knowledge representation technologies to accurately identify and classify personal and sensitive information, while providing a human-like understanding of the data.
Learn more about Hazy.
From left, CTO James Arthur, CEO and cofounder Harry Keen and Dr. Fintan Nagle of Hazy. Photo courtesy of Hazy
Each of these winners will receive a combined $1 million investment from M12 and our regional VC partners and up to $500,000 each in Microsoft Azure credits and prizes.