AI Tutor Solution Development Company Riiid Takes Aim to Build Leading Token Economy in the Test-Prep Market

SEOUL, South Korea, March 1, 2019 /PRNewswire/ — Riiid, a prominent AI tutor solution development company in Korea, has initiated another endeavor to revolutionize the current ineffective one-size-fits-all education industry with an incentivized cryptocurrency reward program.


Riiid is a creative education technology company and a member company of Born2Global Centre that offers customized curriculums through its state of the art data-based machine learning and deep learning technology. It launched ‘Santa TOEIC‘, the world’s first AI Tutor for test prepping students, and proved not only its ability but the capability to replace human tutors through a rigorous study which revealed remarkable score improvement results of its users. Designed for those who are prepping for the TOEIC test, a current prerequisite needed in the workplace, Santa TOEIC is reshaping the old paradigm of the Korean test-prep market which heavily relies on reputable yet outdated academies and so-called “star teachers”. Santa TOEIC has also been selected as the #1 best-selling app in the education category at the Google Play and App Store.

Since its inception in 2014, Riiid has been committed to investing heavily in R&D. Moreover, it has published a paper on deep learning and natural language processing at the Neural Information Processing and Systems workshop, a world-renowned machine learning society. In acknowledgment for being a pioneer in publishing a paper at NIPS, Riiid has received support from preeminent venture capitals in Korea and is continuously expanding as the leading global AI tutoring model. What’s more extraordinary is that Riiid has taken another leap and has launched a blockchain-based reward system for the users of Santa TOEIC.

The reason is simple. It is their ongoing dedication to shifting the current paradigm of the rather run of the mill education system that primarily evaluates learners based on standardized test scores. The goal is to create an environment where students can be assessed fairly and accurately at each stage of the learning process through the cryptocurrency token economy.

The Santa TOEIC Coin, which is called STOEIC for short, is a cryptocurrency rewarded to the learners as compensation for all of their activities within the Santa TOIEC platform. Various amounts of coins are rewarded to each learner according to their level of effort which includes taking practice tests, listening to lectures, and increasing estimated test scores. STOEIC is largely distinctive from other existing cryptocurrencies in that its core objective is to increase the effectiveness of the AI tutor solution which is already in service. Other cryptocurrencies primarily focus on receiving funding.

“While the current blockchain industry consists mostly of companies based on whitepapers and ICOs, Santa TOEIC’s way of combining an existing business model with blockchain technology is garnering attention as the gold standard of the token economy in real action,” said Moon Soo Kim, Head Professor of Crypto MBA at aSSIST Business School. “A token reward system for the education market is an indispensable advancement in the blockchain industry”, he advised.

Santa TOEIC is a highly personalized study solution powered by its cutting-edge artificial intelligence engine that becomes progressively more intuitive as it accumulates user activity data. In order to operate this system, Riiid has constructed a reward mechanism that motivates users to continue to solve personalized problems and listen to the provided lectures. Subsequently, tokens are given to users who achieve their target scores.

Through this system, Riiid has incentivized students to study more intensively as well as save on educational costs by using the tokens. As the content provider, it seeks to create a “cyclical education environment” that promotes an AI-based education technology ecosystem with the high-quality data provided by the users.

Users of the system can start receiving the STOEIC by registering to become a member and earn more tokens as they complete more exercises within the program. Riiid is planning to launch more of these aforementioned kinds of reward activities during the first half of this year. Details regarding where users can spend the STOEIC will also be revealed at a later date.

“Santa TOEIC has become a prominent AI tutoring service thanks to the users’ continuous support and contribution. In return for their support, we have introduced a token economy that will lead to an education system with a virtuous loop of effort and reward,” said Young-Jun Jang of Riiid. “Starting with the Santa TOEIC Coin, we will improve the token economy and focus on creating a larger, integrated blockchain ecosystem that includes AI tutoring services for other tests as well,” he revealed.

Santa TOEIC Coin is an Ethereum-based ERC-20 token that assures secure storage and exchange. By partnering with Bitberry, a cryptocurrency wallet service, Santa TOEIC provides a secure system that enables the users to receive, store, exchange, and use the coin without the added hassle of going through a complicated procedure that has become ubiquitous with cryptocurrencies. In connection with Bitberry’s API, Santa TOEIC can provide rewards to the users in real time, such as when they become a member or complete a quiz. This is also an effort of Santa TOEIC to ensure its users safely retain their coins, as keeping coins in cold wallets (a method of reserving cryptocurrencies offline) or using private keys can be hazardous.

For more detailed information on Riiid, visit


Cision View original content to download multimedia:

SOURCE Born2Global Centre

Clutch Releases Their List of Emerging Technology Leaders In 4 Major U.S. Cities

WASHINGTON, March 1, 2019 /PRNewswire/ —, a B2B ratings and reviews site, has experienced a rapid growth in their development research segments, including an influx of companies offering cutting-edge services such as AR/VR, AI, IoT, and blockchain development.

Increasingly more people use these technologies. According to Clutch’s research, 27% of people own an AI-powered virtual assistant such as an Amazon Echo or Google Home. Similarly, 35% of people use wearables such as Apple Watches and Fitbits, either independently or as part of a larger IoT ecosystem.

As part of their annual report on the leading service providers in major U.S. cities, Clutch identified the top emerging technology developers in New York, Los Angeles, Chicago, and San Francisco to draw attention to their innovative techniques and transformational technologies.

The leaders for each category are listed in alphabetical order below:


JetBridge Software
Loadsys Solutions
Natsoft Corporation
New Peak Solutions
Sphere Software
Venture Aviator

Augmented and Virtual Reality (AR/VR):

Be Unicorn
Fisherman Labs
FS Studio
Gramercy Tech
ICVR Interactive
Logical Animal
Prolific Interactive
Rose Digital
Skipfour LLC
The Human Expansion Co.
To The Moon

Internet of Things (IoT):

Goji Labs
IQ Direct Inc.
Logical Animal
Softweb Solutions
Volansys Technologies
Wve Labs
Yeti LLC

Artificial Intelligence (AI):

Beyond the Arc
Be Unicorn
Master of Code Global
Natsoft Corporation
Rose Digital
Softweb Solutions
ThirdEye Data

The leaders can be found on the following research pages:

“Clutch began researching emerging technology development segments in late 2016,” said Clutch Senior Business Analyst Ricardo Real. “Through our relationships with these firms, we’ve learned firsthand about their exciting new projects that push the boundaries of modern technology.”

“We now have hundreds of companies offering transformative technology services included on our platform,” Real said. “They consistently complete exciting, lucrative, and innovative projects for their clients. We are excited to watch them grow.”

Clutch’s research on leading emerging technology companies is ongoing, and rankings are dynamic. The Clutch team invites interested companies to apply to get listed in the report next year.

The results are a snapshot of Clutch’s Leaders Matrices on Thursday, February 21. Rankings are dynamic and may not reflect the rankings currently listed on Clutch’s website.

About Clutch

A B2B research, ratings, and reviews firm in the heart of Washington, D.C., Clutch connects small and medium businesses with the best-fit agencies, software, or consultants they need to tackle business challenges together and with confidence. Clutch’s methodology compares business service providers and software in a specific market based on verified client reviews, services offered, work quality, and market presences.

Media Contact:
Sara Philibotte
(202) 609-9922

Cision View original content to download multimedia:


Accomplished MedTech Executive Appointed to Lead Activ Surgical, Advanced Surgical Robotics Company

BOSTON, March 1, 2019 /PRNewswire/ — Activ Surgical, a pioneering startup focused on delivering advanced imaging and diagnostic accuracy during robotic surgery, today announced the appointment of Todd Usen as its first Chief Executive Officer (CEO).

Usen is an accomplished and seasoned leader with more than 25 years of medical device and healthcare experience. He has a proven track record of leading, developing and executing on commercialization strategies and driving market development initiatives.

“I’m incredibly thrilled to have Todd join and lead the Activ Surgical team. Todd’s outstanding experience and leadership in the endoscopic space provides a natural synergy to Activ’s disruptive vision of delivering enhanced surgical vision and intelligence,” commented Peter Kim, M.D., Co-founder and Chief Science Officer for Activ Surgical.

Usen comes to Activ Surgical after serving as President, Medical Systems Group for Olympus for the past three years. Prior to that Usen spent nearly eight years at Smith & Nephew in senior leadership roles, including President of the U.S. Orthopaedics group. Usen began his medtech career at Boston Scientific, holding multiple leadership positions within the Endoscopy division, and later was appointed to VP, Sales for their Neurovascular division.

“It’s a tremendous privilege to be selected to lead Activ Surgical as its first CEO,” commented Usen. “I look forward to working with our Board, Advisors and Activ Surgical team to realize the full potential of our unique and proprietary technology.”

The foundational component of Activ’s technology is the Smart Tissue Autonomous Robot (STAR) developed by Dr. Kim and colleagues at the Children’s National Medical Center in Washington D.C. In previous clinical testing, published in Science Translational Medicine, the STAR outperformed open, laparoscopic, and robot-assisted techniques.

“Todd’s leadership will be an asset to Activ Surgical,” said Jonathan Ellman, Activ Surgical Board member and CEO, GreatPoint Foundry. “His exceptional experience in the healthcare space will help us deliver the benefits of Activ Surgical’s pioneering technology to surgeons and their patients around the world.”

About Activ Surgical
Founded in 2017, Activ Surgical is a new breed medical device start-up focused on improving patient outcomes and reducing costs to healthcare systems through the integration of advanced computer vision, artificial intelligence and robotics designed to seamlessly fit within operating room workflow while providing advanced imaging and diagnostic accuracy during surgery. The foundational component of Activ Surgical’s technology is the Smart Tissue Autonomous Robot (STAR) developed at the Children’s National Medical Center in Washington D.C.

More information can be found at

For more information:
Michael Ruehlman
GM, Activ Surgical
617.333.8162 x200

Cision View original content:

SOURCE Activ Surgical

Intelligent Driving Solution Provider JIMU Intelligent Completed Series B Funding, Accelerating the Commercialization of Level 0-Level 3 Intelligent Driving

WUHAN, China, March 1, 2019 /PRNewswire/ — Recently, Chinese Leading Intelligent Driving Solution Provider JIMU Intelligent announced that it has completed a Series B funding round and raised over $15 million. The funding round was led by Translink Capital and participated by Hyundai Motor Company, Estar Capital, HGC, Yucheng Fund and Optics Valley Elite Fund.

Established in 2011, JIMU Intelligent is an artificial intelligence company dedicated to the R&D and application of intelligent driving, providing Level 0-Level 3 intelligent driving solutions and derivative data products and services. The core team comes from global top universities and enterprises, and has considerable experience in computer vision, deep learning and sensor fusion.

With the advent of intelligent driving trend, regulations issued by Chinese government have been primarily enacted in the bus field since 2018.  Based on its technical advantages and long-term attention on the industrialization of intelligent driving, JIMU Intelligent outran its competitors and became the exclusive solution provider for more than 50% of the TOP15 bus manufacturers in China, supplying solutions to Higer, Golden Dragon, Youngman Bus, Yinlong, Sunlong Bus, Wanxiang Auto, Weichai Power, CRRC Times, etc., ranking No.1 in terms of large coach OEM customer share in China.

In the passenger vehicle field, JIMU Intelligent are cooperating with many global top OEMs and Tier 1 suppliers in diverse scenarios.

In the aftermarket, JIMU Intelligent are currently centered on providing solutions for fleets, intelligent buses, and commercial vehicle insurance industries. Its products have passed relevant oversea technology standards, and are exported to overseas markets including Korea, Singapore and Indonesia.

The core reasons behind these market outcomes are the competitive advantages JIMU has gained from years of industry experience: the power of Technology-Product-Mass ProductionTechnology Power is embodied in its continuous output of leading and reliable artificial intelligence algorithm, Product Power is its ability to bring concept to reality with producible goods, and Mass Production Power lies in its ability of cost control and the ability to unite the industry chain to get the products to market fast.

In the technology aspect, JIMU Intelligent driving solutions utilize sensors like cameras, radars, and LiDARs to perceive the driving environment, including vehicles, lanes, pedestrians, traffic signs, free space, driver status, etc, providing a basis for accurate decision making and control. The algorithm is also especially optimized for the perception of many local driving situations, so that it could function stably and deliver outstanding detection accuracy even in complex scenarios.

In the product aspect, JIMU Intelligent is providing cost-competitive, high-accuracy Level 0-Level 3 intelligent driving solutions for passenger vehicles, commercial vehicles and aftermarket applications. The solutions may vary in sensor types to meet different application requirements, delivering the best cost competitiveness while maintaining necessary redundancy. Solution features range from collision warning to vehicle control, including detection of vehicles and pedestrians, free space, automatic emergency brake, lane keeping assist, adaptive cruise control, driver status detection and driver identification.

The wave of automobile intelligence brings an industrial convergence involving automobile, transportation and real estate, etc., giving rise to a market of tens of billions of dollars. Chinese intelligent driving enterprises like JIMU Intelligent will face enormous opportunities and challenges, shouldering the mission of empowering cars with self-developed artificial intelligence technologies.

As for this funding round, Jianwei Cheng, CEO of JIMU Intelligent said: “Automobile intelligence is a golden opportunity, and the China market is growing rapidly. In the face of opportunities, we must always maintain a keen insight, and also be steadfast in the perfection of our technologies and products. Thanks to TransLink Capital and other investors for their recognition of our team, we will always remember where and why we start, and continue to accelerate the development of intelligent driving technologies and its commercialization journey.”

Yang Fei, Managing Director of Translink Capital China, said: “We have always been paying attention to innovative technological enterprises in the intelligent driving field. As one of the earliest enterprises dedicated to intelligent driving in China, JIMU Intelligent is a very low-key, pragmatic and excellent team. We are optimistic about the huge space and opportunities JIMU faces, and are very happy to be able to accompany the team to go further in the commercialization of Intelligent driving.”

Sungwoo Shin, head of Hyundai Motor Company CVC team, said: “Pragmatic productization capabilities, and efficient customer introduction and execution capabilities are very vital during the commercialization of AI, and those are exactly what we’ve been deeply impressed with JIMU team.”

Additionally, JIMU Intelligent has also reached a strategic cooperation with Hyundai Motor Company for accelerating the industrialization of intelligent driving technologies in the passenger vehicle field.

About JIMU Intelligent

JIMU Intelligent, founded in 2011, is a leading AI company that dedicated to vision-based intelligent driving technology. Based on its self-developed computer vision technology, JIMU is always in pursuit of the development and popularization of intelligent driving.

Cision View original content:

SOURCE JIMU Intelligent

Ultria Appointed by Graebel Companies, Inc. for End-to-End Digital Update of Its Contract Management Processes

PRINCETON, N.J., March 1, 2019 /PRNewswire/ — Ultria is excited to be selected by Graebel Companies, Inc., a leading provider of talent and workplace mobility solutions for Fortune 500 and Global 1000 companies, as its preferred partner to strengthen and centralize contracting processes end-to-end across its global operations. Graebel manages nearly 80,000 annual mobility initiations across 165 countries.

As Graebel partners with customers on implementing effective mobility programs and responding to marketplace opportunities, the company is also enhancing its data management systems to continue to deliver exceptional experiences for customers and their transferees in an increasingly complex business environment.

To address managing disparate documents and files stored in multiple locations, Graebel sought out a centralized repository of contracts, a centralized clause and template library, collaborative workflows with version control and seamless integration with its CRM solution. Graebel chose Ultria Contract Management to meet these requirements with an advanced, singular, integrated platform. Ultria’s end-to-end Artificial Intelligence-driven Contract Management solution has proven success across multiple industries.

“We’re excited to have Graebel as a customer,” said Arthur Raguette, Executive Vice-President, at Ultria. “While global companies like Graebel focus more on strategic goals and continue to earn industry recognition in customer satisfaction relocation categories, we at Ultria are determined to meet our customers’ expectations with an exceedingly advanced, faster, error-free contract management system experience. Our streamlined contracting process with trade partners takes the contract processes beyond the edge of its enterprise.”

About Ultria: Ultria develops and licenses Ultria CLM. Ultria CLM is a proven, scalable, SaaS-deployed Contract Lifecycle Management system that leverages Artificial Intelligence and Machine Learning to be robustly and rapidly provisioned in today’s complex business landscapes. For information on Ultria, visit

About Graebel: Graebel Companies, Inc. is a leading provider of global talent and workplace mobility solutions for Fortune 500 and Global 1000 firms and their employees in 165 countries. Since its founding in 1950, Graebel has evolved, innovated and grown to deliver excellent service and results for customers, all while remaining family owned and focused on its duty of care. Graebel develops and implements mobility strategies that help companies attract and retain talent; respond faster to global market trends; and maximize return on mobility programs. The company addresses every part of the mobility lifecycle for employers and employees, including services for departure and move management, destination, settling-in and ongoing assignments. For more information, visit Here’s to the world ahead®.

Press Contact:

Riddhi Shah
Sr. Marketing Manager
+1 609 799 5665

Related Links

AI-Powered Contract Lifecycle Management : Shifting to Contract Intelligence

CLM Survey Report 2019 by Ultria

Related Video

Cision View original content to download multimedia:


Beyond Limits CEO Takes AI One Step Beyond with Montgomery Summit Presentation

GLENDALE, Calif., March 1, 2019 /PRNewswire/ — Beyond Limits, a leading developer of advanced artificial intelligence (AI) solutions, today announced its CEO AJ Abdallat will be a key presenter at the annual Montgomery Summit in Santa Monica, California, March 6-7.

Abdallat will present the company’s breakthrough approach to AI (artificial intelligence) to Montgomery’s global community of over 1,000 venture capitalists, innovators, and executive leaders. The presentation will showcase how Beyond Limits cognitive AI solutions go beyond conventional AI to solve complex business problems for the world’s most demanding industries. 

Beyond Limits combines human knowledge with machine learning. Conventional “black box” approaches like machine learning, deep learning or neural networks cannot explain their reasoning. Beyond Limits delivers clear explanations of its cognitive reasoning in transparent, evidence-based audit trails, including risk and uncertainties. The company’s technology is a cognitive leap beyond conventional AI to a human-like ability to perceive, understand, correlate, learn, teach, reason and solve problems faster than existing AI solutions.

The company is transforming proven space and defense technologies from NASA and the U.S. Department of Defense into innovative solutions that address the emerging AI markets. These technologies were developed by a team of engineers at Caltech/Jet Propulsion Laboratory (JPL) over the last two decades and were funded by NASA and the Department of Defense to address their complex and far-reaching problems.

More than 2,000 private technology companies were nominated to present at the invitation-only Montgomery Summit. A select group of 140 companies were chosen, representing the most impressive and innovative companies in their fields.

“As a pioneer in artificial intelligence, we are delighted to share key innovations that our customers are using to transform their businesses. Our vision for the future is quite compelling,” said AJ Abdallat, CEO of Beyond Limits. “Because are origins are from Caltech and NASA’s Jet Propulsion Laboratory, it’s an honor to speak at the Montgomery Summit in our own backyard in Southern California.”

In addition to technology-oriented presentations from companies like Beyond Limits, Summit guests will hear from global leaders and panels of industry luminaires such as PayPal, Nasdaq, EY, JC2 Ventures, and Milken Institute. The Montgomery Summit also hosts ‘The Rise of the Female Entrepreneur’ program to highlight the growing number of female entrepreneurs, investors, and innovators. As Beyond Limits core values include diversity and inclusion, the company celebrates the fact that the program has grown to more than 450 attendees, including top female CEOs and partners from leading venture capitalist firms.

Learn more about the Montgomery Summit at

About Beyond Limits

Beyond Limits is a full-stack artificial intelligence engineering company creating advanced software solutions. With proud Caltech/JPL heritage in our leadership team, and advanced technology developed for the NASA space program. Founded in 2014, Beyond Limits is transforming proven technologies from Caltech and NASA’s Jet Propulsion Lab into advanced AI solutions, hardened to industrial strength, and put to work for forward-looking companies on earth. Beyond Limits leverages this unparalleled innovation portfolio, along with the company’s breakthrough cognitive technology, to go beyond conventional AI, blending deep learning and machine learning with symbolic AI to emulate human-like reasoning. For more information, please visit

Media Contact:
Len Fernandes
Firecracker PR
(888) 317-4687, ext. 702 

Cision View original content to download multimedia:

SOURCE Beyond Limits

All-Flash Array Market Worth $17.8 Billion by 2023 – Exclusive Report by MarketsandMarkets™

CHICAGO, March 1, 2019 /PRNewswire/ — According to the new research report “All-Flash Array Market by Flash Media (Custom Flash Module (CFM) and Solid-State Drive (SSD)), Storage Architecture/Access Pattern (File, Object, and Block), Industry (Enterprise, Government, cloud, and Telecomm), and Geography – Global Forecast to 2023”, published by MarketsandMarkets™, the All-Flash Array Market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023. Major growth drivers are increasingly being used in data centers. Further, factors such as flexibility, installation, maintenance, and size are also driving the AFA market. Moreover, increasing need for real-time data processing and increasing deployment of AFA storage in artificial intelligence (AI) and machine learning (ML) applications are expected to fuel the growth of the market in the coming years. Issues related to performance and drive failure are acting as a major challenge for the growth of the all-flash array market.


Ask for PDF Brochure:

CFM based AFA market to grow at highest CAGR during forecast period

CFM currently hold less share in the AFA market; however, it is expected to grow at a faster rate. The high growth of CFM can be attributed to improved space efficiency, power, performance, price, capacity density, and flexibility. Currently, a small number of AFA vendors (such as Violin Memory and IBM) use CFMs; however, demand for CFMs is expected to increase in future because of their advantages such as less physical space, less power, and less cooling.

Browse in-depth TOC on All-Flash Array Market

67 – Tables

38 – Figures

145 – Pages

AFA component market for block storage to be dominant during forecast period

Block storage is often used in high-performance applications, such as databases, or for transactions because the data can be accessed, modified, and saved in real time. Further, block flash storage is used within the Cladistics platform that uses RAID technology for data protection, creation of extra physical copies, while managing the big data implementations more efficiently. With advantages such as better scalability, management simplicity, built-in data protection, efficiency, and performance compared to other storage technologies, block storage is currently the preferred storage solution in the AFA market.

RoW is expected to grow at highest CAGR during forecast period

The AFA market in RoW is expected to grow at a faster rate during the forecast period. The Middle East has high opportunities in the energy industry. The oil and gas industry requires advanced data computing, processing, and storage solutions to analyze seismic data. Africa is expected to quickly adopt the cloud storage market. Brazil and other Middle Eastern countries are expected to grow considerably in aerospace & defense, energy, education & research, and media & entertainment, generating demand for data storage to adopt the advanced operations through data analytics.

Get 10% Free Customization on this Report:

Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US).

Please Explore Relevant Reports:

Next-Generation Data Storage Market by System (Direct-Attached, Network-Attached, Storage Area Network, Software-defined, Cloud, Unified), Architecture (File, Object, Block), Technology (Magnetic, Solid-State), and Industry – Global Forecast to 2022

Universal Flash Storage Market by Capacity (32 GB, 64 GB, 128 GB, 256 GB, 512 GB), Configuration, End Use (Automotive Electronics, Digital cameras, Gaming Consoles, High-Resolution Displays, Smartphones), Application, and Geography – Global Forecast to 2023 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Research Insight:
Visit Our Web Site:

Cision View original content:–exclusive-report-by-marketsandmarkets-300804878.html

SOURCE MarketsandMarkets

NuEnergy launches revolutionary methodology to build Trust across AI applications

OTTAWA, Mar. 1, 2019 /PRNewswire-PRWeb/ — Today announced it has fully qualified for the Canadian Government AI Source List, making the company eligible to participate in bids to supply AI services, technology and applications., a bold Canadian startup, is now positioned to provide its patent-pending Machine Trust Index (MTI) methodologies to help safeguard Canadian citizens from the unintended consequences of machine learning technology and artificial intelligence algorithms. MTI is seen as an important methodology as governments move to implement machine learning and artificial intelligence across their operations.

Niraj Bhargava, CEO of, explains that the MTI set of tools allows clients considering AI or implementing AI to proactively identify and monitor trust risks as they deploy these sophisticated algorithms. Bhargava states, “The public and private sector utilize many checks and balances for human trust – it is now time we develop them to establish trust of AI machines.”

MTI is a model that quantifies and scores the trust elements of bias, privacy, transparency and ethics in an AI system. It ensures these elements are customized to the specific system and compliant to the trust, policy and legal requirements of the organization or industry.

Bhargava continued, “The time is now. AI and Big Data are accelerating forward with great promise to solve some of the world’s biggest problems. However,” he adds, “If you can’t measure AI, you can’t manage AI.”

Unlike other companies on this Federal Government approved source list, is the only company that is solely focused on assessing and monitoring trust of AI and Machine Learning systems. has also integrated Treasury Board directives such as the Algorithmic Impact Assessment making it easy for departments to both meet directives and create an assessment model specific to their needs.

Dr. Evan Steeg, a Associate who completed his PhD under the supervision of AI pioneer Dr. Geoffrey Hinton, commented, “NuEnergy is making great progress in the field of trust and governance around the potential consequences of machine learning and AI. We need systematic and impartial checks and balances to maintain trust, and’s Machine Trust Index is an integrated suite of methodologies and tools designed for this purpose.” is commercializing its patent-pending Machine Trust Index measurement software platform in 2019 and is engaged with soon-to-be-announced lead customers.

“Artificial Intelligence has changed the landscape for trust”, adds Carole Piovesan, Lawyer at McCarthy Tétrault LLP. “I applaud for its leadership and recognition of this important issue as a Canadian-led firm.”

ABOUT is an Artificial Intelligence and consulting firm that partners with governments, technical experts, industry and entrepreneurs in providing solutions that deliver principled AI to their clients and to global society. is pioneering a bold new approach to help all types of organizations navigate the challenging area of achieving principled and trustworthy AI as this revolutionary technology matures. Find more information about how is shaping the future of AI at

Niraj Bhargava