Tesorio Makes IA40 List as the #2 Early-Stage Intelligent Application
The inaugural Intelligent Applications Top 40 list (IA40) — a research project sponsored by Madrona Venture Group and Goldman Sachs — was recently published, and Tesorio is honored to have been voted as one of the top intelligent applications, which the judges believe “will define the future of software and the next generation of computing.”
We’re especially proud that out of more than 250 firms nominated by the sponsors and dozens of top-tier venture capital firms, Tesorio ranked second in the Early-Stage category of the list.
The IA40 seeks to identify the top intelligent applications that use AI and machine learning to solve critical business problems and deliver more insightful information, both of which enable organizations to make smarter decisions in less time than ever before. To be recognized on this list of products validates the efforts everyone at Tesorio has exerted over the last few years to create more extensive and real-time visibility of and connectivity related to company cash flow.
A Vote for Intelligent Applications
When they set out to create the IA40 list, the sponsors of the project enlisted the help of VC investors and technology experts who are making the next generation of intelligent applications possible. Madrona and Goldman Sachs originally compiled a list of 100 possible nominees and sent it to VC firms, who had the chance to nominate additional companies for consideration. The final list of nominees included more than 250 companies in the following categories:
· Early-stage: Up to $30M raised
· Mid-stage: $30M to $200M raised
· Growth-stage: $200M raised
· Enablers: Stage agnostic
In order to choose the top 40, the project defined “application intelligence as the process of using machine learning models embedded in applications that use both historical and real-time data to build a continuous learning system.”
A Note of Appreciation
We’d like to thank the IA40 sponsors, Madrona and Goldman Sachs, for creating this list and focusing attention on the importance of using AI and machine learning to power business functions, connect people, and unlock the data that is key to smarter decision-making. Our ranking on this list wouldn’t have been possible without the tireless efforts of our employees, the close cooperation with our partners, and the valuable feedback and support of our customers. For that, we are truly grateful.
And finally, a special note of thanks to the judges, who include some of the top VC investors in next-generation software, for voting on the IA40 and recognizing Tesorio as one of today’s top intelligent applications:
· STEADFAST Capital Ventures
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