Kumo Recognized for Pioneering AI Innovations in Business
Kumo Earns Prestigious Fast Company Award
Fast Company's list celebrates innovations making a difference in the way we work and live.
MOUNTAIN VIEW, Calif. — Kumo, a prominent player in predictive AI, has proudly announced its inclusion in Fast Company's fifth annual Next Big Things in Tech list. This year's recognition sees Kumo joining a distinguished group of honorees that includes 137 companies spanning 31 categories, such as industry giants Google, GitHub, and Snap.
The Foundational AI category commends organizations that are pioneering the core technologies essential for the next generation of intelligent systems. Kumo's recognition in this category underscores its remarkable contributions to advancing the application of relational databases through artificial intelligence.
Before Kumo's innovations, leveraging relational data to generate predictions was a cumbersome process, reliant on outdated machine learning methods. Kumo has now revolutionized this approach.
Introducing KumoRFM: A Game-Changer in AI
With the launch of KumoRFM, the first foundation model specifically designed for relational data, businesses can swiftly connect their database systems and derive predictions on vital outcomes such as fraud detection and customer churn. The time to generate these insights has drastically improved, offering businesses results in merely seconds while achieving an impressive 20× increase in speed and 30–50% enhancement in accuracy compared to traditional methods.
Leadership's Vision and Commitment
The recognition from Fast Company reflects Kumo's dedication to revolutionizing how organizations interact with their data. Dr. Vanja Josifovski, the CEO and Founder of Kumo, expressed gratitude for the recognition, stating, "We are honored to be acknowledged as key players in foundational AI. Our collaborations with industry leaders such as Databricks, Snowflake, Reddit, and DoorDash demonstrate the immense value that can be harnessed from relational data across various sectors."
Fast Company's Insight Into Technological Innovation
Brendan Vaughan, the editor-in-chief of Fast Company, highlighted the significance of this award, noting, "Next Big Things in Tech serves as both a reflection of current technological advancements and a forecast of upcoming innovations. We celebrate the vision and innovation of our awardees."
Getting to Know Kumo's Founders
Founded by Dr. Vanja Josifovski, Dr. Jure Leskovec, and Dr. Hema Raghavan, Kumo has garnered funding of $37 million. The founders have an impressive background, having held influential roles at leading companies such as LinkedIn, Pinterest, and Airbnb, where they played pivotal roles in shaping transformative AI systems. This experience drives Kumo’s innovative approach, establishing it as a leader in the AI landscape.
Further Information About Kumo
Your opportunities for discovery don't end here. For those wishing to delve deeper into Kumo’s offerings and explore the full list of honorees, further insights will be shared on their official channels. Kumo aims to continue reshaping applications of predictive AI, bridging the gap between advanced technology and practical application across every organizational size.
Kumo fundamentally transforms how businesses harness the power of their data warehouses, implementing AI to enable the rapid construction of high-performing machine learning models. These models are designed to enhance the accuracy with which data scientists predict user and customer behaviors, making predictive AI accessible and effective.
About Fast Company
Fast Company firmly stands as a media brand committed to the essential intersection of business, innovation, and design. Engaging influential leaders and thinkers, Fast Company seeks to enlighten its audience about the future landscape of business. Brendan Vaughan serves as the editor-in-chief of this New York City-headquartered publication, which also includes its partner publication, Inc.
Frequently Asked Questions
What award did Kumo win recently?
Kumo was recognized in Fast Company's Next Big Things in Tech list, highlighting its significant contributions to foundational AI.
What is KumoRFM?
KumoRFM is the first foundation model developed specifically for relational data, allowing quick connection to enterprise databases to generate predictions.
How does Kumo enhance predictive AI?
By leveraging advanced technologies, Kumo enables faster insights with improved accuracy in predicting customer behaviors and outcomes.
Who are the founders of Kumo?
Kumo was co-founded by Dr. Vanja Josifovski, Dr. Jure Leskovec, and Dr. Hema Raghavan, all of whom have significant experience in AI leadership.
What does Fast Company focus on?
Fast Company is dedicated to exploring the convergence of business, innovation, and design, engaging key leaders in future-oriented discussions.
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