Without being too literal, 2018 was the year that Daisy
blossomed.
In 2018, Daisy emerged as a fast-growing company
delivering artificial intelligence technology that
drives tangible and significant financial results for
grocery retailers and insurance companies.
In a nutshell,
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Revenue climbed by 100%.
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Clients were added in two continents, making Daisy a
company with a global footprint.
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The number of employees climbed by 50%, including
employees in two new countries. We also helped some
employees emigrate from our development team in Ukraine
to Toronto.
Daisy’s growth and industry-changing technology also
attracted the attention of third-parties:
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Gartner Inc. named Daisy as one of the “Cool Vendors in AI”. The Cool Vendor research identifies “new and
innovative vendors supply AI solutions that support a
variety of retail business benefits”.
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We were named the “Best AI Startup” at the 2018
Alconics awards, the world’s only independently-judged awards
celebrating artificial intelligence for business. A
panel of 11 judges from leading venture capital firms,
academia, and enterprise end-users evaluated more than
300 entries from around the world before selecting
Daisy.
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We were awarded a $5-million term sheet from Espresso
Capital at the
ElevateR Pitch: AI Edition competition, beating out 15 other startups. The pitch
competition was open to Canadian companies working in
AI or an adjacent industry.
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Wired Different ranked Daisy within its “Toronto 50”,
which features the 50 leading startups in the Greater
Toronto Area.
“We made impressive strides forward in 2018 on several
fronts,” said Gary Saarenvirta, Daisy’s CEO. “The
revenue growth and industry recognition reflect how our
innovative AI-powered technology is making a huge
financial impact for our customers. We’re talking about
significantly higher profits and operational
efficiencies. This has allowed us to stand out from the
crowd by delivering AI that drives ROI. We’re telling a
compelling story that’s unique within the AI
community.”
Daisy’s technology is propelled by reinforcement
learning that optimizes decisions by continuing to learn
from business results as they occur. As a result, Daisy
can deliver better and more accurate business decisions
to drive unprecedented net income results.
For grocery retailers, Daisy can increase net profits
by more than 100% and total sales by 5% within an
industry that works with 1% gross margins.
Using Daisy’s technology, insurance companies can
detect fraud more easily, saving them millions of
dollars in claims payments. Our technology can also
reduce false-positive rates by more than 50%, making
insurance investigators more efficient and
successful.
“While many technology companies talk about using AI,
our technology delivers results…and we can prove it.
That’s the bottom line,” Saarenvirta said. “Heading into
2019, we’re excited about breaking into new markets and
attracting more customers. The reality is if you don’t
embrace AI within your business, you will be left
behind. AI is here, it’s affordable, and it’s a game you
don’t want to be late to.”
