ElectrifAi, LLC

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ElectrifAi, LLC
File:Logo of ElectrifAi.png
Private
ISIN🆔
Industry
  • Analytics
  • Data Analysis
  • Predictive analytics
  • Machine Learning
  • Big Data
Founded 📆2004
Founder 👔Arnab Gupta
Headquarters 🏙️,
Jersey City, NJ
Area served 🗺️
Worldwide
Key people
Edward Scott (CEO)
Members
Number of employees
400+ (2018)
🌐 Websitewww.electrifai.net
📇 Address
📞 telephone

ElectrifAi LLC, formerly Opera Solutions, LLC[1][2] is a technology and analytics company focused on practical machine learning.[3] The firm uses a combination of practical AI, machine learning science, large-scale data management and human expertise to solve common business problems.[4][5] ElectrifAi delivers predictive analytics as a service, and offers hosted, cloud-based systems for specific business problems, including consumer behavioral analysis, revenue leakage issues, corporate security risk, etc.[4] Opera Solutions underwent a corporate rebrand to ElectrifAi in July 2019.

Overview[edit]

ElectrifAi was established as Opera Solutions in 2004.[6][7] The company is headquartered in Jersey City, with offices in San Diego, Shanghai and New Delhi.

In April 2011, Opera Solutions initiated the "Big Data Discourse Series," a series of discussion events with private sector and government leaders focused on the societal and business impact of Big Data.[8] The series has featured Cory Booker[9][10] and Michael Chertoff,[11][12] as keynote speakers.

In July 2019, Opera Solutions underwent a corporate rebrand to ElectrifAi and appointed Edward Scott as its CEO.[2] At the same time, the company also launched a AI and machine learning open source platform.[13]

Funding[edit]

ElectrifAi has a total of $122.2 million in funding from investors including Silver Lake Sumeru, Accel-KKR, Invus Financial Advisors, JGE Capital Management, Tola Capital and Wipro Ltd.[14][15][16][17] In September 2016, then Opera Solutions closed on a term loan financing agreement of $70 million.[18]

Awards and recognition[edit]

In 2018, then Opera Solutions won the Porto Seguro Safe Driver Prediction Competition, hosted by Kaggle.[19][20] In 2009, the company participated in the Netflix Prize, a three-year-long analytics competition,[21] in which it was a part of "The Ensemble", a three-team consortium that finished second.

In 2012, then Opera solutions was a runner-up in the KDD Cup, a data-mining competition that attracts industry leaders around the world.[22][23] In 2013, the company participated in the Heritage Health Prize Competition, a two-year national contest, in which it ranked top 5 five out of 1659 participants.[24][25]

Gartner, Inc. recognized then Opera Solutions in their Cool Vendors in Analytics 2013 Report.[26] IDG’s Computerworld Honors Program recognized the company as one of its 2013 Laureates.[27] ESG Global named Opera Solutions as a finalist for Big Data Vendor of the Year for 2012[28] and it was also recognized as a top 100 Big Data social media influencer by Big Data Republic.[29]

Criticism[edit]

In 2011, then Opera Solutions was criticised by Ben Goldacre in a Guardian article[30] regarding the 2011 Opera Solutions UK White Paper, "Realising Savings Through Procurement Optimisation",[31][32]. The criticism was in response to the promotion of the company's white paper by Eric Pickles MP,[33][34][35][36] as well as the frequent citation of the study in British popular press.[37] The white paper stated that local government is missing the opportunity to save 10–20 per cent on procurement spending because of a lack of spending visibility and insight. Goldacre criticized the report as claiming it to be "astonishing, shameless bait and switch".

See also[edit]

  • FICO

References[edit]

  1. "ElectrifAi launches AI industry's first open source machine learning platform". Design Engineering. 2019-07-15. Retrieved 2020-02-11.
  2. 2.0 2.1 Staff. "ElectrifAI could seek IPO or sale when revenue reaches USD 150m in several years, CEO says". Mergermarket. Retrieved 30 July 2019.
  3. "Maximizing Return from Data". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
  4. 4.0 4.1 Menninger, David (August 23, 2011). "Opera Solutions Adds Science to Predictive Analytics". Information Management. Retrieved September 1, 2011.
  5. "What We Can Learn from Netflix". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
  6. "Big Data Analytics Company Opera Solutions Raises $84M in First-Round Funding". TechCrunch. September 14, 2011. Retrieved October 28, 2011.
  7. Lopez, Isacc. "Big Data Big Five". Datanami.
  8. "Opera Solutions and Newark Mayor Cory Booker Host Discussion on the Promise of Technology and Open Data in Government". Reuters. April 8, 2011. Retrieved September 1, 2011.
  9. Sun, Feifei (April 6, 2011). "5 Questions with Twitter-Savvy Newark Mayor Cory Booker". TIME. Retrieved September 1, 2011.
  10. Reagan, Gillian (April 6, 2011). "Cory Booker pitches Newark as a 'startup' to New York tech scene". Capital New York. Retrieved September 1, 2011.
  11. Valentino-DeVries, Jennifer (June 23, 2011). "Chertoff: 'Rules and Regulations' Complicate Anti-Cybercrime Efforts". Wall Street Journal. Retrieved September 1, 2011.
  12. Goldman, David (July 28, 2011). "China vs. U.S.: The cyber Cold War is raging". CNNMoney. Retrieved September 1, 2011.
  13. DE Staff. "ElectrifAi launches AI industry's first open source machine learning platform". Design Engineering.com. Retrieved July 15, 2019.
  14. "Data Analytics firm Opera Solutions closes $84M round". VentureBeat. September 14, 2011. Retrieved October 28, 2011.
  15. "Opera Solutions nabs $84M for 'Big Data' Analytics". CNET. September 14, 2011. Retrieved October 28, 2011.
  16. Thoppil, Dhanya (May 7, 2013). "Wipro to Buy Stake in U.S. Data-Services Firm". WSJ.
  17. "Wipro investing $8.2M more in Big Data firm Opera Solutions; Q2 PAT up 8%". VCCircle. October 22, 2014. Retrieved October 27, 2018.
  18. "Opera Solutions Closes $70 Million Financing". PR Newswire. September 26, 2016. Retrieved October 27, 2018.
  19. "Porto Seguro's Safe Driver Prediction | Kaggle". www.kaggle.com. Retrieved 2018-07-10.
  20. "Opera Solutions Wins Safe Driver Prediction Competition | Opera Solutions". www.operasolutions.com. Retrieved 2018-07-10.
  21. Van Buskirk, Eliot (August 12, 2009). "Netflix Prize: It Ain't Over 'til It's Over". Wired. Retrieved August 6, 2010.
  22. "KDD Cup 2012, Track 1". KDD Cup.
  23. "Leaderboard 2012". KDD Cup.
  24. "Heritage Provider Network Health Prize". Heritage Health.
  25. "Public Leaderboard". Heritage Health.
  26. Herschel, Gareth. "Cool Vendors in Analytics". Gartner.
  27. "The Computerworld Honors Program Names 267 Laureates Using IT to Drive Business and Social Change". IDG Enterprise.
  28. "Ingest to Insight Big Data Vendor of the Year 2012 and 2013 Outlook: Finalists – Cloudera, IBM Opera Solutions". ESG Global.
  29. Sherry, Saul. "The PeerIndex #BigData100 Announced!".
  30. Misleading money-saving claims help no one in The Guardian, Friday 24 June 2011.
  31. "Realising Savings Through Procurement Optimisation" (PDF). www.OperaSolutions.com. June 16, 2011. Archived from the original (PDF) on September 11, 2011. Retrieved June 25, 2011. Unknown parameter |url-status= ignored (help)
  32. "Realising Savings Through Procurement Optimisation" (PDF). www.badscience.net. June 16, 2011. Retrieved November 29, 2012.
  33. "Better buying 'could save councils £10bn'". www.Public Finance.co.uk. June 17, 2011. Retrieved June 26, 2011.
  34. "Shining a light on council spending could save up to £450 per household". www.Communities.gov.uk. June 17, 2011. Retrieved June 26, 2011.
  35. "Pickles: councils should join forces to save £10bn". www.LocalGov.co.uk. June 17, 2011. Retrieved June 26, 2011.
  36. "Eric Pickles MP: Smarter procurement in local government could save up to £450 per household". Conservative Home. June 17, 2011. Retrieved June 26, 2011.
  37. "Councils Owe You a 450 Pound Rebate". Daily Express. June 17, 2011. Retrieved June 26, 2011.


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