Zeni Named to 2022 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

Zeni recognized for achievements in using AI and real-time insights to help top startups manage and automate all of their finance functions in one place

Palo Alto, CA — May 17, 2022 — CB Insights today named Zeni to its annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.

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"This is the sixth year that CB Insights has recognized the most promising private artificial intelligence companies with the AI 100. This year's cohort spans 13 industries, working on everything from recycling plastic waste to improving hearing aids," said Brian Lee, SVP of CB Insights’ Intelligence Unit. "Last year's AI 100 companies had a remarkable run, raising more than $6 billion, including 20 mega-rounds worth more than $100 million each. We’re excited to watch the companies on this year’s list continue to grow and create products and services that meaningfully impact the world around them.”

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“As demand for AI-enabled business practices grows, we’re proud CB Insights recognizes Zeni as a company building powerful AI for finance,” said Swapnil Shinde, CEO and Co-Founder of Zeni. “The opportunity for AI to fundamentally change the way businesses manage their finances is incredible and inspiring; we’re grateful for the many exceptional Zeni employees and customers who’ve helped us achieve this recognition, and are excited for the impact Zeni will continue to have in the fintech industry.”

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Utilizing the CB Insights platform, the research team picked 100 private market vendors from over 7,000 companies, including applicants and nominees. They were chosen based on many factors, including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed thousands of Analyst Briefings submitted by applicants.

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In an economic climate where startups are short of resources and high on risk, Zeni’s real-time bookkeeping platform stands out by leveraging a seamless blend of AI and human experts to create an experience where founders can manage their financial operations in real-time. 

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Zeni is the first AI-powered finance concierge for startups powering high-velocity decision-making. Founded in 2019, the team has built an all-in-one digital platform that integrates with a businesses existing finance stack to manage every finance function with speed and accuracy: bookkeeping, accounting, AP, AR, yearly taxes, R&D credits, CFO services, and more. Zeni’s unique blend of AI, ML, and human experts collaborate to perform daily bookkeeping which allows founders to track key insights such as revenue, burn rate and operating expenses — in real-time, every day, for the first time ever — via the Zeni Dashboard. Ultimately, startups save precious time and hundreds of thousands of dollars using Zeni’s AI-powered bookkeeping platform.

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Quick facts on the 2022 AI 100: 

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• Equity funding and deals: Since 2017, the 2022 AI 100 cohort has raised $12 billion+ from 650 investors across 300+ equity deals.

• Unicorns: There are 16 companies with $1 billion+ valuations on the list.

• Geographic distributions: Seventy-three of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by five in Canada. Other countries represented in this year’s list include India, Sweden, China, and Germany. 

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To learn more, schedule a free consultation.

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About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

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