Humans are the most powerful species on this planet. Humanity has reached great heights by leveraging innovative and disruptive societies. With every passing decade, we as a civilization are witnessing the advent of new and disruptive technologies. The frequency of disruption has accelerated in the technological field in this 21st century. We’re blessed to be living in this extremely sophisticated and ever-evolving technological world. You must be pondering and examining the world for potential futuristic tech companies, let me help you with this. We have short-listed three futuristic tech companies from three different segments which we think can potentially disrupt the world and make it more efficient in upcoming years.
Artificial Intelligence:- AI is the future of the world. AI will work alongside humans improving their efficiency and productivity to unprecedented heights. Humanity has always been known for its leveraging ability. Once again we’re heading into that optimal leveraging zone. This time we are leveraging the immense potential of AI. There are a lot of companies that are leveraging AI to improve the efficiency and productivity of individuals and businesses. We have talked about one such Venture which is working towards this high efficiency and productivity goal.
Observe.AI – It is the World’s first Intelligent Workforce Platform. It was founded by Swapnil Jain and Akash Singh. Observe.AI is an Intelligent Workforce Platform that revolutionizes contact centers by using AI to optimize the customer experience, boost agent performance, and surface insights in seconds that lead to a better customer experience. It is a revolution in its own kind. It helps in creating a scalable and repeatable process for analyzing conversations, empowers your team to do their best work in a fraction of the time, and improves satisfaction metrics that drive revenue and retention. What, wait a second, is it real? Welcome to the AI age. Yes, it is indeed, Machines & Algorithms are helping agents(humans) boost their performance by making them more aware about their strengths and weaknesses.
Let’s dive deep into its till date performance and other investment aspects. At the time of writing this blog they have 150+ trusted customers along with 250 people in their team. They are trusted by many reputed enterprises because of their extraordinary results. They are trusted by ResMed , Accolade , Pearson Education and so on. It has produced results somewhere close to 2x increase in output of client care teams along with 97% of increase in call monitoring coverage and 62% reduction in overhead costs. Till date they have raised $213 Million investment by top VC’s. They have closed the latest Series C round led by SoftBank Vision Fund with $125 Million investment. At the time of writing they are backed by $88M in total funding from Menlo Ventures, Scale Ventures, Nexus Ventures, Next47, NGP Capital, Emergent Ventures, and Y-Combinator, Observe.
The real question is why are VC’s betting on this sophisticated AI world venture? First reason, large market(300 Billion Dollar market spent in Call centre). Second, Observe.AI has passionate founders and a dynamic team. These are the reasons given by one of its investors Andy Vitus of Scale Venture Partners. Recently the company has started gaining more traction because of their phenomenal performance and output for their customers. Some of the phenomenal growth stories of its customers are:- National Debt Relief | Observe.AI Customer Stories , JK Moving Services | Observe.AI Customer Stories. Observe.AI is leveraging AI in an optimal way and is the flagbearer of the AI industry as a whole.
Internet of things(IoT)- According to Peter T. Lewis, “The Internet of Things, or IoT, is the integration of people, processes and technology with connectable devices and sensors to enable remote monitoring, status, manipulation and evaluation of trends of such devices”. This advanced technology is helping varied technological devices to connect and exchange data with each other over the Internet or other communications networks with the help of sensors.
XFARm- xfarm is a startup that focuses on the development of Software as a service solutions for the Digital Transformation of Agriculture. It was founded by Matteo Vanotti. This product is created by farmers for the farmers. The founder was in need of a digital service to manage his agricultural company and this led him to form xfarm. Matteo has proved the well-known proverb, “Necessity is the mother of invention”, right. Company’s Aim:- “Our aim is to create a unique platform to help farmers in their work in a simple and visual manner. We believe that technology must help farms, save time and allow them to focus on what is really important: filling the plates of billions of people!”
XFARM has raised a total of €3.4M in funding over 2 rounds till date. The company is backed by TiVenture , United Ventures. The company is bringing a change in lifestyle, efficiency and productivity of farmers and their farms with the help of IoT based products. They have a vast use case in the agricultural field and have a vantage point of tapping the untapped market of agriculture with the help of technology. This company could become potential game-changers for farmers in future.
Blockchain – It is the real disruptor of ineffective centralised network based systems. It is a distributed database among the shared networks. It is not dependent on a central authority. It diversifies the dependency from one central authority to many minute networks which will be working collectively to ensure privacy and safety of the shared database. Bitcoin in 2008 was first to use this technology for Peer-to-Peer Electronic Cash System. Since then the technology is being widely used to solve many complex real-life problems. Blockchain is going to change how our current centralised system works.
peaq – It is a Berlin based technology company. Peaq enables people and companies to build decentralised applications(dApps) for users of devices, machines, vehicles and robots. It empowers both builders and users to handle and earn through their products by leveraging DeFi(Decentralised Finance) and Machine NFTs. peaq’s mission “To build a decentralised machine economy that works for the world.” peaq is Powering the Economy of Things. It is leveraging the decentralised technology (i.e. Blockchain) to make the real world machines decentralised. With the advent of blockchain doors to greater efficiency and productivity have been opened. peaq is one of those companies which are going to reform the inefficient centralised system of the current world. One of the functions which is provided by peaq is “Self-Sovereign Identities for Machines”. One can use the peaq ID function to assign Self-Sovereign Identities to machines, vehicles, robots and devices.
peaq has raised a total of €3.3M in funding over 2 rounds. Their latest funding was raised on Jun 9, 2021 from a Seed round. Currently it is backed by three investors and the lead investor is Scherzer & Co. . It will be the driver of the future decentralised machine world. How exciting, isn’t it? Currently we’re living in a corrupted, inefficient, unsafe centralised world. But slowly and steadily the decentralised technology is gaining traction. People are understanding the real power of decentralisation. Investors are keen in investing promising blockchain based startups. peaq appears to be one of those promising startups. Investors are understanding the real life functions of peaq and it’s increasing wide-case in a disruptive world like ours. peaq has great potential of becoming one of the highly innovative companies in the decentralised economy.