ElectrifAi, LLC
| File:Logo of ElectrifAi.png | |
| Private | |
| ISIN | 🆔 |
| Industry | |
| Founded 📆 | 2004 |
| Founder 👔 | Arnab Gupta |
| Headquarters 🏙️ | , Jersey City, NJ |
Area served 🗺️ | Worldwide |
Key people | Edward Scott (CEO) |
| Members | |
Number of employees | 400+ (2018) |
| 🌐 Website | www.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
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 an AI and machine learning open source platform.[13]
Funding
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
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 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
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
References
- ↑ "ElectrifAi launches AI industry's first open source machine learning platform". Design Engineering. 2019-07-15. Retrieved 2020-02-11.
- ↑ 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.
- ↑ "Maximizing Return from Data". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
- ↑ 4.0 4.1 Menninger, David (August 23, 2011). "Opera Solutions Adds Science to Predictive Analytics". Information Management. Retrieved September 1, 2011.
- ↑ "What We Can Learn from Netflix". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
- ↑ "Big Data Analytics Company Opera Solutions Raises $84M in First-Round Funding". TechCrunch. September 14, 2011. Retrieved October 28, 2011.
- ↑ Lopez, Isacc. "Big Data Big Five". Datanami.
- ↑ "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.
- ↑ Sun, Feifei (April 6, 2011). "5 Questions with Twitter-Savvy Newark Mayor Cory Booker". TIME. Retrieved September 1, 2011.
- ↑ Reagan, Gillian (April 6, 2011). "Cory Booker pitches Newark as a 'startup' to New York tech scene". Capital New York. Retrieved September 1, 2011.
- ↑ Valentino-DeVries, Jennifer (June 23, 2011). "Chertoff: 'Rules and Regulations' Complicate Anti-Cybercrime Efforts". Wall Street Journal. Retrieved September 1, 2011.
- ↑ Goldman, David (July 28, 2011). "China vs. U.S.: The cyber Cold War is raging". CNNMoney. Retrieved September 1, 2011.
- ↑ DE Staff. "ElectrifAi launches AI industry's first open source machine learning platform". Design Engineering.com. Retrieved July 15, 2019.
- ↑ "Data Analytics firm Opera Solutions closes $84M round". VentureBeat. September 14, 2011. Retrieved October 28, 2011.
- ↑ "Opera Solutions nabs $84M for 'Big Data' Analytics". CNET. September 14, 2011. Retrieved October 28, 2011.
- ↑ Thoppil, Dhanya (May 7, 2013). "Wipro to Buy Stake in U.S. Data-Services Firm". WSJ.
- ↑ "Wipro investing $8.2M more in Big Data firm Opera Solutions; Q2 PAT up 8%". VCCircle. October 22, 2014. Retrieved October 27, 2018.
- ↑ "Opera Solutions Closes $70 Million Financing". PR Newswire. September 26, 2016. Retrieved October 27, 2018.
- ↑ "Porto Seguro's Safe Driver Prediction | Kaggle". www.kaggle.com. Retrieved 2018-07-10.
- ↑ "Opera Solutions Wins Safe Driver Prediction Competition | Opera Solutions". www.operasolutions.com. Retrieved 2018-07-10.
- ↑ Van Buskirk, Eliot (August 12, 2009). "Netflix Prize: It Ain't Over 'til It's Over". Wired. Retrieved August 6, 2010.
- ↑ "KDD Cup 2012, Track 1". KDD Cup.
- ↑ "Leaderboard 2012". KDD Cup.
- ↑ "Heritage Provider Network Health Prize". Heritage Health.
- ↑ "Public Leaderboard". Heritage Health.
- ↑ Herschel, Gareth. "Cool Vendors in Analytics". Gartner.
- ↑ "The Computerworld Honors Program Names 267 Laureates Using IT to Drive Business and Social Change". IDG Enterprise.
- ↑ "Ingest to Insight Big Data Vendor of the Year 2012 and 2013 Outlook: Finalists – Cloudera, IBM Opera Solutions". ESG Global.
- ↑ Sherry, Saul. "The PeerIndex #BigData100 Announced!".
- ↑ Misleading money-saving claims help no one in The Guardian, Friday 24 June 2011.
- ↑ "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) - ↑ "Realising Savings Through Procurement Optimisation" (PDF). www.badscience.net. June 16, 2011. Retrieved November 29, 2012.
- ↑ "Better buying 'could save councils £10bn'". www.Public Finance.co.uk. June 17, 2011. Retrieved June 26, 2011.
- ↑ "Shining a light on council spending could save up to £450 per household". www.Communities.gov.uk. June 17, 2011. Retrieved June 26, 2011.
- ↑ "Pickles: councils should join forces to save £10bn". www.LocalGov.co.uk. June 17, 2011. Retrieved June 26, 2011.
- ↑ "Eric Pickles MP: Smarter procurement in local government could save up to £450 per household". Conservative Home. June 17, 2011. Retrieved June 26, 2011.
- ↑ "Councils Owe You a 450 Pound Rebate". Daily Express. June 17, 2011. Retrieved June 26, 2011.
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