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

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 using artificial intelligence in meaningful ways to build business applications and services to transform industries.

Falkonry has defined the Operational AI category and provides an intelligence-first approach to digitally transform industrial operations with evidence-based workflows and tacit knowledge capture. With verticalized AI in the form of early warning alerts, failure mode identification, root cause explanation, novel condition discovery, digital fingerprint and event horizon estimation, Falkonry predictive solutions help plant operators make informed decisions and improve asset performance. These Operational AI solutions 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 improved asset performance, better product quality, safer operations and reduced downtime are important elements 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