Falkonry Named to Forbes AI 50 List of Most Promising Artificial Intelligence Companies

SUNNYVALE, Calif., April 27, 2021 – Falkonry, the innovation leader in Operational AI, today announced that it has been named to the 2021 Forbes AI 50 list, which recognizes the most promising private North American companies that are meaningfully using artificial intelligence that make humans more efficient and transform industries.

Falkonry has created a Operational AI platform for an intelligence-first approach to digitally transform industrial operations. Falkonry’s Operational AI brings together digital fingerprints, novel condition discovery, early warning alerts, failure mode identification, root cause explanation event horizon estimation, and digital plant analytics to help plant operators make informed decisions and improve asset performance across a broad swath of industrial operations. Operational AI solutions offer evidence-based workflows and capture tacit knowledge. They have been validated and deployed in production by steel producers, pharmaceutical manufacturers, food producers, energy providers and within the Department of Defense (DoD).

“We believe that general purpose, intuitive, and efficient AI is essential to create step-change improvement in industrial operations,” said Dr. Nikunj Mehta, Founder and CEO of Falkonry. “Falkonry Operational AI Digital Twin solutions provide the right bridge between operational technology systems and operational management, and we have demonstrated success both in the commercial and government sectors.”

Forbes, in partnership with Sequoia Capital and Meritech Capital, evaluated hundreds of companies serving a range of industries using artificial intelligence in ways that are fundamental to their operations. The list focused on companies utilizing machine learning, natural language processing, or computer vision technologies. A panel of expert AI judges evaluated the finalists to find the 50 most compelling companies. Falkonry was selected for its leadership in using Operational AI and machine learning to help manufacturing and defense organizations improve their operations.

Along with the Forbes AI 50 list, Falkonry was recently named to JMP Securities’ Efficient Fifty list for the third year in a row, and included twice in the CB Insights AI 100 list.

About Falkonry

Falkonry enables predictive operational excellence for manufacturing and defense organizations by detecting and predicting events before they impact operations. By applying AI on real-time operational data from plants and field systems, Falkonry solutions deliver significant improvement in production uptime, quality and yield without requiring data scientists or data engineers. Falkonry products easily scale across the enterprise either on-premises, in the cloud or at the edge, and are optimized to run on major cloud platforms including Microsoft Azure and AWS. For more information on Falkonry predictive operations, please visit: falkonry.com