The increasing demand for AI-powered solutions in a variety of industries

All information indicated in this form will only be used by Thelephant.io
for the sole purpose of the examination of the company or the stock required
and will not be published without the approval of the registrant

Sorry, there was a problem. You’ll find more detailes highlighted below.

First Name*

LAST Name*

E-Mail Address *

Confirm E-Mail Address *

PASSWORD *

confirm PASSWORD *

institutional investor

financial institute name

Personal
Details

Investor
Declaration

Terms And
Policies

Accredited Investor Declaration

Sorry, there was a problem. You’ll find more detailes highlighted below.

COUNTRY *

If your country of residency does not appear in the list, please select 'Rest of the World'

Accredited Investor Declaration

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms represents and warrants that:

It has the knowledge and experience in financial and business matters required to receive and use services to be made available by THE ELEPHANT as described in its website, as amended from time to time, and as such it is capable of evaluating the merits and risks involved with them.
The purpose of this declaration is to enable THE ELEPHANT and its affiliates to discharge its responsibilities under such exemptions and that THE ELEPHANT will rely upon the information contained herein, and therefore, the representations herein are complete, accurate and binding, and may be relied upon by THE ELEPHANT and its affiliates.
Although THE ELEPHANT will use their best efforts to keep this declaration strictly confidential, they may present this declaration and any other information which the undersigned has provided to them to such parties as they deem advisable if called upon to establish the availability under the Securities Laws of an exemption from registration of the offer and sale of securities or any other service to be made available by THE ELEPHANT, as amended from time to time, or if the contents thereof are relevant to any issue in any action, suit or proceeding to which THE ELEPHANT or its affiliates is a party or by which they or it are or may be bound.
Any offer or services that may be made available to the undersigned by THE ELEPHANT or its affiliates (i) will not constitute a violation of any laws or regulations, including the Securities Laws and investment advice laws, of any applicable jurisdiction; (ii) will be permissible under all applicable Securities Laws and shall not trigger any licensing, registration, or other requirements.
It shall not transmit or otherwise send any information to which THE ELEPHANT will give it access to, to any person in any jurisdiction in which the distribution of such information and/or the offering or services are not authorized, or to whom such offer or invitation may be unlawful.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “sophisticated investor” or a “professional investor” and a “wholesale client” (and not a “retail client”) as defined under the Corporations Act (Cth) 2001

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that:

In respect of the transaction made in connection with these offering and services, it has not obtained any access to the relevant transaction information in a press release, conference, advertisement, announcement, professional or trade publication or marketing materials within the People’s Republic of China.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it has made appropriate enquiries and has full knowledge of the nature, rights and obligations arising out of the offering or the services made available by The Elephant, as described in its website, as changed from time to time, and obligations applicable to it under the laws of the Arab Republic of Egypt, and will not make any offerings, disposals, investments or otherwise transact with regard to offering or the services made available by The Elephant in case such offering, disposal, investment or other transaction is in contravention to the laws, regulations, governmental circulars and decrees of the Arab Republic of Egypt.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is located or resident in the European Economic Area (the “EEA”), it is a “qualified investor” within the meaning of the law in any member state of the EEA which has implemented the Directive 2003/71/EC, and amendments thereto, including Directive 2010/73/EC (the “Prospectus Directive”), implementing Article 2(1)(e)(i), (ii) or (iii) of the Prospectus Directive.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “qualified investor” within the meaning of Directive 2003/71/EC, as amended, and it professionally or commercially purchases or sells securities or investment products (Vermögensanlagen) within the meaning of the German Investment Product Act (Vermögensanlagengesetz) for its own account or for the account of others.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “qualified investor” as such term is defined in the Prospectuses Act 2005 of Gibraltar (as amended) and in Directive 2003/71/EC. It is a “professional client” as such term is defined in the Financial Services (Markets in Financial Instruments) Act 2006 of Gibraltar; and that it has not requested “non-professional treatment” within the meaning of Schedule 2 of the Financial Services (Markets in Financial Instruments) Act 2006 of Gibraltar.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a professional investor (as such term is defined in Part 1 of Schedule 1 to the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong and Cap. 571D Securities and Futures (Professional Investor) Rules).

Individuals

(1) An individual specified for the purposes of section 3(b) is an individual having a portfolio of not less than $8 million at the relevant date or as ascertained in accordance with section 8, when any one or more of the following are taken into account— (a) a portfolio on the individual’s own account; (b)a portfolio on a joint account with the individual’s associate; (c)the individual’s share of a portfolio on a joint account with one or more persons other than the individual’s associate; (d)a portfolio of a corporation which, at the relevant date, has as its principal business the holding of investments and is wholly owned by the individual.

(2) For the purposes of subsection (1)(c), an individual’s share of a portfolio on a joint account with one or more persons other than the individual’s associate is— (a)the individual’s share of the portfolio as specified in a written agreement among the account holders; or (b)in the absence of an agreement referred to in paragraph (a), an equal share of the portfolio.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE WILL BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms, represents, and give his written consent that he is:

An Investor to which at least one of the categories set forth in the First Schedule to the Israeli Securities Law, 1968 (the “Securities Law”) and as listed below apply (a “Sophisticated Investor”); and
Aware of the meaning of the fact that he is an investor included in this Schedule and consents thereto.

The categories are:

A Joint Investment Trust Fund, within its meaning in the Joint Investments Trust Law, 5754-1994, or a company for management of said fund;
A Provident Fund or a Management Company as defined in the Control of Financial Services Law (Provident Funds), 5765-2005;
An Insurer, within its meaning in the Supervision of Insurance Law 5741- 1981;
A Banking Corporation or an Auxiliary Body Corporation, within their meaning in the Banking (Licensing) Law 5741-1981, exclusive of a joint services company, which acquire for themselves or for customers who are investors enumerated in section 15A(b) to the Securities Law;
A Portfolio Manager, within its meaning in Section 8(b) of the Regulation of Investment Counseling and Portfolio Management Law 5755-1995, who are acquires for himself or for customers who are investors enumerated in section 15A(b) to the Securities Law;
An Investment Counselor or an Investment Marketer, within their meaning in section 7(c) of the Regulation of Investment Counseling and Portfolio Management Law 5755-1995, who acquires for himself;
A Stock Exchange member who acquires for himself or for customers who are investors enumerated in section 15A(b) to the Securities Law;
An Underwriter who meets the qualifications under section 56(c) who buys for himself;
A Risk Capital Fund; for this purpose, a “Risk Capital Fund” – a body corporate, the main activity of which is investment in bodies corporate whose main activity – at the time of the investment – is research and development or the production of innovative and knowhow intensive products or processes, investment in which involves greater risk than is common with other investments;
A body corporate wholly owned by investors enumerated in section 15A(b);
A body corporate, other than a body corporate formed for the acquisition of securities from a certain offer – with an equity capital in excess of NS 50 million;
An individual, for whom one of the following holds true:
1. The total value of the liquid assets he owns exceeds 8,095,444 million new shekels.
2. His income in each of the last two years exceeds 1,214,317 million new shekels or the income of the family cell to which he belongs exceeds 1,821,475 million new shekels.
3. The total value of the liquid assets he owns exceeds 5,059,652 million new shekels and his income in each of the last two years exceeds 607,158 new shekels or the income of the family cell to which he belongs exceeds 910,737 new shekels; The total value of the liquid assets he owns exceeds 5,059,652 million new shekels and his income in each of the last two years exceeds 607,158 new shekels or the income of the family cell to which he belongs exceeds 910,737 new shekels;

For the purposes of this item − “liquid assets” – cash, deposits, financial assets as defined in the Consulting and Securities Listed on the Stock Exchange Law;

“Family cell” – an individual and his family living with him or if the livelihood of one depends on the other;

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “wholesale investor” as that term is defined in clauses 3(2)(a), (c) or (d) of Schedule 1 to the Financial Markets Conduct Act 2013 of New Zealand (“FMC Act”),

A person is a wholesale investor if;

the person is an investment business (seeclause 37); or
the person meets the investment activity criteria specified in clause 38; or
the person is large (seeclause 39); or
the person is a government agency (seeclause 40).

In each case as defined in Schedule 1 to the FMC Act, the undersigned understands the consequences of certifying itself to be a wholesale investor.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is an “institutional investor” as defined under the Decree-Law 1 of 1999 and Accord 1 of 2001, both as amended, in relation to whom the registration of the securities to be offered and sold is not required. Pursuant to the foregoing, the undersigned (i) is a legal entity, validly formed and in existence, (ii) has participated, on a regular basis, in at least the previous two years, in the administration of investments substantially similar to those described in The Elephant’s website, (iii) has a net worth of at least one million dollars, (iv) has key executives or, a majority of its directors and officers, that have at least two years of experience in the regular administration of investments and (v) does not require the protection of the provisions set forth in the securities laws of the Republic of Panama.

The undersigned acknowledges that the securities have not been registered under the Panamanian securities laws and regulations and may not be offered or sold within Panama except pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Panamanian securities laws and regulations.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “qualified investor” within the meaning of the Federal Law of the Russian Federation “On Securities Market” No. 39-FZ dated April 22, 1996, as amended, (ii) the execution and performance of the offering and services to be made available by The Elephant, as described in its website and associated commercial terms, as changed from time to time, do not violate applicable laws of the Russian Federation and (iii) in making any payments in connection with offering and services, it has complied or will comply with the requirements of all applicable laws of the Russian Federation, including with respect to foreign currency transactions. The undersigned acknowledges that the The Elephant is relying in part upon the truth and accuracy of, and the undersigned’s compliance with, the representations, warranties, agreements, acknowledgements and understandings of the undersigned set forth herein in order to determine its eligibility to gain access to The Elephant’s services, as changed from time to time and the undersigned is aware of the legal consequences of the foregoing.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE WILL BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is either an “institutional investor” as defined under Section 4A(1) of the Securities and Futures Act, Chapter 289 of Singapore (“SFA”) or a “relevant person” as defined under Section 275(2) of the SFA (including an “accredited investor” as defined under Section 4A(1) of the SFA).

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is an “investment professional” within the meaning of Article 11(1) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of South Korea.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is a “qualified investor” within the meaning of the Swiss Collective Investment Schemes Act of June 23, 2006, as amended, its implementing ordinance and regulatory guidance.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is located or resident in the United Kingdom, it is a person of a kind described in Articles 19 and/or 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), or that the offering or the services made available by The Elephant, as described in its website and associated commercial terms, as changed from time to time, may otherwise be lawfully distributed to it pursuant another applicable exemption under the Order.

The undersigned acknowledges that these offering and services are only directed at (i) persons who have professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Order, (ii) high net worth entities (including companies and unincorporated associations of high net worth and trusts of high value) or other persons falling within Article 49(2)(a) to (d) of the Order, and (iii) persons to whom such offering and services may otherwise be lawfully distributed.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms and represents that it is an “accredited investor” (an “Accredited Investor”) as such term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended, for one or more of the reasons specified below:

Where the undersigned is a natural person:
1. He or she has an individual net worth, or joint net worth with my spouse (determined by (i) subtracting total liabilities from total assets, and (ii) excluding the value of my primary residence), in excess of $1,000,000; and/or
2. He or she had an individual income in excess of $200,000 (or a joint income together with my spouse in excess of $300,000) in each of the two most recently completed calendar years, and reasonably expects to have an individual income in excess of $200,000 (or a joint income together with my spouse in excess of $300,000) in the current calendar year.
Where the undersigned is or acting on behalf of:
1. a corporation, partnership, limited liability company or similar business trust or organization described in Section 501(c)(3) of the Internal Revenue Code not formed for the specific purpose of acquiring the securities that has total assets are in excess of $5,000,000;
2. a bank as defined in Section 3(a)(2) of the Securities Act, a savings and loan association, or other institution defined in Section 3(a)(5)(A) of the Securities Act acting in either its individual or fiduciary capacity (this includes a trust for which a bank acts as trustee and exercises investment discretion with respect to the trust’s decision to invest in the securities);
3. a broker dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended;
4. an insurance company as defined in Section 2(13) of the Securities Act;
5. an investment company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), or a business development company as defined in Section 2(a)(48) of the Investment Company Act;
6. a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958, as amended;
7. a plan established and maintained by a state, its political subdivisions, or an agency or instrumentality of a state or its political subdivisions, for the benefit of employees, having total assets in excess of $5,000,000;
8. an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), (a) for which the investment decision to acquire the securities is being made by a plan fiduciary, as defined in Section 3(21) of ERISA, that is either a bank, savings and loan association, insurance company, or registered investment adviser, (b) which has total assets in excess of $5,000,000, or (c) which is self-directed, with the investment decisions made solely by persons who are Accredited Investors;
9. a private business development company defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended;
10. a trust not formed for the specific purpose of acquiring the securities with total assets in excess of $5,000,000 and directed by a person who has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of investing in the securities;
11. a revocable trust (including a revocable trust formed for the specific purpose of acquiring the securities) and the grantor or settlor of such trust is an Accredited Investor; and/or
12. an entity in which each equity owner is an Accredited Investor.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

By filling in this form and selecting the ‘I confirm’ button below, the undersigned hereby confirms represents and warrants that:

It has the knowledge and experience in financial and business matters required to receive and use services to be made available by THE ELEPHANT as described in its website, as amended from time to time, and as such it is capable of evaluating the merits and risks involved with them.
The purpose of this declaration is to enable THE ELEPHANT and its affiliates to discharge its responsibilities under such exemptions and that THE ELEPHANT will rely upon the information contained herein, and therefore, the representations herein are complete, accurate and binding, and may be relied upon by THE ELEPHANT and its affiliates.
Although THE ELEPHANT will use their best efforts to keep this declaration strictly confidential, they may present this declaration and any other information which the undersigned has provided to them to such parties as they deem advisable if called upon to establish the availability under the Securities Laws of an exemption from registration of the offer and sale of securities or any other service to be made available by THE ELEPHANT, as amended from time to time, or if the contents thereof are relevant to any issue in any action, suit or proceeding to which THE ELEPHANT or its affiliates is a party or by which they or it are or may be bound.
Any offer or services that may be made available to the undersigned by THE ELEPHANT or its affiliates (i) will not constitute a violation of any laws or regulations, including the Securities Laws and investment advice laws, of any applicable jurisdiction; (ii) will be permissible under all applicable Securities Laws and shall not trigger any licensing, registration, or other requirements.
It shall not transmit or otherwise send any information to which THE ELEPHANT will give it access to, to any person in any jurisdiction in which the distribution of such information and/or the offering or services are not authorized, or to whom such offer or invitation may be unlawful.

PLEASE NOTE EXTERNAL CONFIRMATION AND/OR EVIDENCE MAY BE REQUIRED BEFORE THE ACCREDITAION PROCESS IS COMPLETED

I am a qualified investorYesNo

Personal
Details

Investor
Declaration

Terms And
Policies

Terms And Policies

DISCLAIMER

By filling in this form and selecting the 'I confirm' button below, the undersigned hereby confirms and represents the information above does not qualify as a recommendation or an opinion with regard to conducting any transaction or investment. Each investor should conduct his or her own checks and verifications, while taking into account his or her specific circumstances and requirements. All the relevant aspects of the purchase, including the legal, economic and tax aspects, should be carefully examined with the assistance of professionals and consultants on the investor’s behalf.

The information above or on the site and the blog does not qualify as an offer of investment and is meant for general information only. Offers for selling of the securities will be delivered only to ‘Accredited Investors‘ as defined in the first supplement of the Israeli Securities Law, 5728-1968. The Elephant, shall not be responsible or liable and shall not guarantee in any way the return of the investments to investors, including any profits earned as a result of such investments. The engagement with the investors shall be in accordance with the transaction documents and the conditions stipulated therein, subject to the negotiations that will be held with the investors.

The Elephant charges fees from sellers and buyers of securities, and therefore The Elephant has an interest in the information posted about various companies.

The information published on the Site, does not constitutes an investment consulting as defined in the Regulation of Investment Consulting, Investment Marketing and Portfolio Management, 1995, and the said information is not a substitute for professional consulting which among others takes into consideration the special needs of every person.

For those who are considering making an investment (including sale and purchase of securities) via the website, can apply different laws deriving from their residence or citizenship, including tax laws, laws relating to the statement or report on investment activity, laws relating to the eligibility of investing, regulatory issues in process and so on. Therefore, those who are considering making such an investment, undertake to examine the applicability of any applicable laws, as they are committed to take all necessary action in order not to violate the said laws, including to disclose fully and fairly in relation to any investment to any local lawfully authority, as the law requires such disclosure.

I hereby confirm that I have read Declarations above and the site's Terms of Use and Privacy Policy and I agree to follow them and to be obligated by them regarding the use of the site.

I agree to receive information, content, offers, messages and notifications regarding the site's activity via the electronic mail address noted above.

We welcome you to The Elephant Investors Community, your gateway to the Secondary Market.

Note:
The provision of information in this website is not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product, service, or transaction. It does not constitute investment advice, tax advice or legal advice and The Elephant Platform makes no recommendation as to the suitability of any of the products, services or transactions mentioned herein. The information included in this website is intended to “Accredited Investors” only, as this term is defined in the jurisdiction in which they reside (or such similar term in such jurisdictions financial regulations). Non-Accredited investors may not partake in any products, services or transactions mentioned herein or offered by The Elephant.

* Please note that the purchase of the shares of any Target Company may be subjected to right of first refusal of other shareholders, in some cases also to approval of the Target Company’s board of directors or other transfer restrictions as may be applicable.

The increasing demand for AI-powered solutions in a variety of industries

Published by The Elephant Research, July 2023

Artificial Intelligence

According to BARD^[1], Artificial intelligence (AI) is the ability of a computer, or a robot controlled by a computer to do tasks that usually require human intelligence and discernment. Although there are no AIs that can perform the wide variety of tasks an ordinary human can do, some AIs can match humans in specific tasks. Here are some examples of AI:

Natural language processing is the ability of a computer to understand and process human language. This is used in applications like chatbots, machine translation, and text analysis.
Machine vision is the ability of a computer to see and understand the world around it. This is used in applications like self-driving cars, facial recognition, and medical imaging.
Speech recognition is the ability of a computer to understand human speech. This is used in applications like voice assistants, dictation software, and customer service chatbots.
Machine learning is a type of AI that allows computers to learn from data without being explicitly programmed. This is used in applications like spam filtering, fraud detection, and product recommendations.

AI is a rapidly growing field, and there are many exciting new developments happening all the time. As AI continues to evolve, it has the potential to revolutionize many aspects of our lives. Here are some of the potential benefits of AI:

AI can help us to solve some of the world’s most pressing problems. For example, AI can be used to develop new medical treatments, improve energy efficiency, and combat climate change.
AI can make our lives more convenient and efficient. For example, AI can be used to automate tasks, provide personalized recommendations, and help us to make better decisions.
AI can help us to learn and grow. For example, AI can be used to personalize education, provide feedback, and help us to discover new information.

However, there are also some potential risks associated with AI:

AI could be used to create autonomous weapons systems. This could lead to a new arms race and increase the risk of war.
AI could be used to manipulate people and spread misinformation. This could have a negative impact on our democracy and society.
AI could lead to mass unemployment. As AI becomes more sophisticated, it could automate many jobs that are currently done by humans.

It is important to be aware of both the potential benefits and risks of AI. As AI continues to evolve, we need to make sure that it is used for good and not for evil.

AI Market

According to BARD, the AI software development market is growing rapidly, and is expected to reach a value of $1.094 trillion by 2032. The AI hardware development market is expected to reach a value of $89.22 billion by 2030.

The market is being driven by the increasing demand for AI-powered solutions in a variety of industries, including healthcare, finance, manufacturing, and retail.

Here are some of the factors that are driving the growth of the AI software and hardware development markets:

The increasing availability of data. AI algorithms need data to learn and improve. As the amount of data available to businesses and organizations continues to grow, the potential for AI to be used to solve problems and make better decisions increases.
The decreasing cost of AI. The cost of developing and deploying AI solutions is decreasing. This makes AI more accessible to businesses of all sizes.
The increasing sophistication of AI algorithms. AI algorithms are becoming more sophisticated, which allows them to solve more complex problems. This is leading to new and innovative applications for AI in a variety of industries.

Here are some of the key trends that are shaping the AI software development market:

The rise of cloud-based AI – Cloud-based AI is making it easier for businesses to adopt AI solutions. Cloud-based AI solutions are scalable and cost-effective, which makes them a good fit for businesses of all sizes.
The growth of the enterprise AI market – The enterprise AI market is growing rapidly, as businesses are increasingly adopting AI solutions to improve their operations.
The increasing focus on AI ethics – As AI becomes more sophisticated, there is a growing focus on AI ethics. Businesses and organizations need to be aware of the ethical implications of using AI, and they need to develop ethical guidelines for the use of AI.

Here are some of the key trends that are shaping the AI hardware development market:

The rise of edge computing – Edge computing is a distributed computing paradigm that brings computation and data storage closer to the end-user. This is important for AI applications, as it can reduce latency and improve performance.
The growth of the Internet of Things (IoT) – The IoT is a network of physical devices that are connected to the internet. These devices can collect and transmit data, which can be used to train AI models.
The increasing demand for high-performance computing (HPC) – HPC is essential for AI applications, as it allows for the rapid processing of large amounts of data.

Following we present some of the largest private companies active in the AI market:

1. DataRobot

Latest Known information:

Legal name	DataRobot, Inc.
Web Site	www.datarobot.com
Employees	1,141
Post-money valuation	$6.30 B
Total raised to-date	$1.05 B
Revenues (last known)	2021: $100 M
Founded	2012
Business status	Generating Revenue
HQ	Boston, MA, United States
Primary Industry/verticals	Business and Productivity Software/Artificial Intelligence & Machine Learning, Big data

Developer of an enterprise artificial intelligence (AI) platform designed to accelerate data science by automating the end-to-end journey from data to value. The company’s platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models, and maximizes business value by delivering AI at scale, enabling clients to drive business outcomes by deploying trusted AI applications within their organizations.

DataRobot, Inc. develops and operates an automated machine-learning platform that enables enterprise users to build, deploy, and manage machine-learning models. The company offers DataRobot Cloud, a predictive analytic cloud and on-premises platform that offers a project-based curriculum; DataRobot MLOps, a machine learning operations solution for deploying, monitoring, and managing machine learning models across the enterprise; Data Prep, a solution for self-service data preparation for enterprise AI to visually and interactively explore, combine, and shape datasets into data ready for machine learning and AI applications at enterprise scale; automated machine learning to automate and democratize the creation of machine learning models that incorporate world-class data science expertise; and Automated Time Series to automate the development of sophisticated time series models that predict the future values of a data series based on its history and trend. It also provides DataRobot Enterprise, a solution with enterprise features, including flexible deployment, governance, training, and support; acceleration packages for artificial intelligence (AI) projects and education services for the deployment of AI; DataRobot AI Applications to interact with predictive models to optimize outcomes and support critical decisions; and education services. It serves customers in various industries related to banking, casinos and gaming, consumer packaged goods, financial markets, fintech, healthcare, insurance, manufacturing, marketing, oil and gas, the public sector, retail, telecommunications, robotic process automation, and sports. The company was incorporated in 2012 and is based in Boston, Massachusetts with additional offices in Columbus, Ohio; Morgantown, West Virginia; San Francisco, California; Washington, District of Columbia; Tokyo, Japan; Kyiv, Ukraine; Singapore; London, United Kingdom; and Copenhagen, Denmark.

2. H2O.ai

Latest Known information:

Legal name	H2O.ai, Inc.
Web Site	www.h2o.ai
Employees	374
Post-money valuation	$1.70 B
Total raised to-date	$251 M
Revenues (last known)	2017: $15 M
Founded	2012
Business status	Generating Revenue
HQ	Mountain View, CA, United States
Primary Industry/verticals	Business and Productivity Software/Artificial Intelligence & Machine Learning, Big data, SaaS

H2O.ai, Inc. develops an open-source parallel processing prediction engine for machine learning and predictive analytics on big data. It offers H2O AI Hybrid Cloud, which enables businesses, government entities, nonprofits, and academic institutions to make, operate, and innovate with AI to accelerate responsible innovation; H2O, an open-source predictive analytics platform for data scientists, application developers, and business analysts who need in-memory machine learning for smarter applications; H2O Driverless AI, the automatic machine learning platform; H2O Wave, which is an open-source development framework that enables users to develop applications in real-time, powered by AI technology; H2O; Sparkling Water; and H2O Document AI, a machine learning service that understands, processes, and manages the large volume and types of documents and unstructured text data; and H2O The company also provides marketing mix modeling, risk and fraud analysis, advertising technology, and customer intelligence solutions. In addition, it provides solutions, such as fraud detection, churn prediction, anomaly detection, price optimization, and credit scoring. The company serves health, financial services, insurance, marketing, telecommunications, manufacturing, and retail industry. The company has a strategic collaboration with Alteryx, Inc.

H2O.ai, Inc. was formerly known as 0xdata, Inc. and changed its name to H2O.ai, Inc. in March 2015. The company was incorporated in 2011 and is based in Mountain View, California with additional offices in New York, New York; Ottawa, Canada; Prague, Czech Republic; Chennai, India; and Singapore.

3. SambaNova

Latest Known information:

Legal name	SambaNova Systems, Inc.
Web Site	www.sambanova.ai
Employees	342
Post-money valuation	$5.0 B
Total raised to-date	$1.14 B
Revenues (last known)	$25.5 M
Founded	2017
Business status	Generating Revenue
HQ	Palo Alto, CA, United States
Primary Industry/verticals	Business and Productivity Software/Artificial Intelligence & Machine Learning, Big data, SaaS, TMT

SambaNova Systems, Inc. designs and develops SambaNova Suite for generative AI for enterprises and government organizations. The company provides an analytics platform that enables optimum performance for any ML training, inference, or analytics model. Its products include DataScale, that integrated software and hardware systems platform optimized from algorithms to silicon, and Dataflow-as-a-Service, which helps users deploy models to accelerate artificial intelligence (AI) workloads.

The company’s platform is focused on developing a system architecture that is flexible, scalable, and optimized for data flow, enabling manufacturers with AI-powered hardware to create faster and more efficient algorithms.

The company serves financial services and infrastructure; healthcare and life sciences; manufacturing and auto; and retail and e-commerce. The company was incorporated in 2017 and is based in Palo Alto, California.

The company raised $676 million of Series D venture funding in a deal led by SoftBank Investment Advisers on April 13, 2021, putting the company’s pre-money valuation at an estimated $4.32 billion. Intel Capital, GV, and 6 investors also participated in the round. The funds will be used to continue to expand the business reach and development efforts.

4. DeepBlue technology

Latest Known information:

Legal name	DeepBlue Technology (Shanghai) Co., Ltd.
Web Site	www.deepblueai.com
Employees	90
Post-money valuation	$3.66 B
Total raised to-date	$47.39 M
Revenues (last known)	N/A
Founded	2012
Business status	Generating Revenue
HQ	Shanghai, China
Primary Industry/verticals	Business/Productivity Software/Artificial Intelligence & Machine Learning, Autonomous cars, Big Data, Robotics and Drones

Developer of AI technology and solutions for a wide variety of applications. The company’s business includes intelligent driving, intelligent robot, intelligent industry, intelligent sanitation, AI metaverse and intelligent health, enabling clients to use artificial intelligence technology to increase efficiency.

The company raised an undisclosed amount of venture funding from Top Rank Capital on December 26, 2022. Previously, the company received an undisclosed amount of venture funding from Baiying Urban Construction Investment, Guyin Fund and Henan Qishui Asset Management on January 13, 2022.

5. Scale AI

Last Known information:

Legal name	Scale AI, Inc.
Web Site	www.scale.com
Employees	600
Post-money valuation	$7.30 B
Total raised to-date	$603 M
Revenues (last known)	2022: $250 M
Founded	2016
Business status	Generating revenue
HQ	San Francisco, CA, United States
Primary Industry/verticals	Business/Productivity Software/Artificial Intelligence & Machine Learning, Big Data, Mobility Tech, SaaS

Developer of a data-oriented platform designed to provide training and validation data for AI applications. The company’s platform offers a data-centric, end-to-end service to manage the entire machine learning lifecycle by combining technology to develop complex datasets, enabling clients to accelerate the development of artificial intelligence applications through ground truth data.

Scale AI, Inc. develops and offers a data platform that provides training and validation data for artificial intelligence applications. It offers 3D Sensor Fusion, an advanced annotation platform for 3D sensor data; Scale Image, an annotation platform for images; Scale Video, an annotation platform for videos; Scale Text, a platform for text annotation; Scale Document, an intelligent document processing product that combines OCR technology with human insights; and Scale Nucleus, a control product for the user’s data. The company’s products are used to perform various tasks, such as content moderation, phone surveys, transcription, chat bots, and data comparison. Its products are used by autonomous vehicles, retail and ecommerce, relevance and personalization, conversational AI, robotics, AR and VR, document processing, and product cataloguing sectors. Scale AI, Inc. was formerly known as Scale Labs, Inc. and changed its name to Scale AI, Inc. in July 2019. The company was incorporated in 2016 and is based in San Francisco, California.

6. Anthropic

Latest Known information:

Legal name	Anthropic PBC
Web Site	www.anthropic.com
Employees	148
Post-money valuation	$5.0 B
Total raised to-date	$1.15 B
Revenues (last known)
Founded	2021
Business status	Generating Revenue
HQ	San Francisco, CA, , United States
Primary Industry/verticals	Media and Information Services (B2B)/Artificial Intelligence & Machine Learning

Operator of a research company intended to create large-scale artificial intelligence systems that are steerable, interpretable, and robust. The company focuses on research into increasing the safety of artificial intelligence systems and increasing the reliability of large-scale models, developing the techniques and tools to make them interpretable, enabling clients to rely on and generate research about the opportunities and risks of artificial intelligence.

The company raised $450 million through a combination of Series C, Series C-1, and Series C-2 venture funding in a deal led by Spark Capital, Salesforce Ventures, Zoom Ventures, GoldenArc, and HOF Capital on May 23, 2023, putting the company’s pre-money valuation at $4.55 billion. Pioneer Fund, Wikus Ventures, Sound Ventures, GG 1978, SV Angel, Samsung Venture Investment, Menlo Ventures, and Alphabet also participated in the round. The funds will be used to grow the team across product and research teams and meet the increasing demand for AI technologies that are reliable and trustworthy.

7. Stability. AI

Latest Known information:

Legal name	Stability AI Ltd
Web Site	www.stability.ai
Employees	170
Post-money valuation	$4.0 B
Total raised to-date	$111 M
Revenues (last known)	2022: $10 M
Founded	2021
Business status	Generating revenue
HQ	London, England, United Kingdom
Primary Industry/verticals	Business/Productivity Software/Artificial Intelligence & Machine Learning Augmented Reality

Developer of an artificial intelligence tool intended to create images based on text input given. The company’s tool implements given text commands into images and other forms of media using collective intelligence and augmented technology, enabling clients to develop cutting-edge open artificial intelligence models for image, language, audio, video, 3D, and biology.

The company is reportedly seeking an undisclosed amount of venture funding as of March 4, 2023. Previously, the company raised an undisclosed amount of venture funding from Sound Ventures on May 1, 2023. The company is being actively tracked by PitchBook. Millennia Capital, Lemniscap and GG 1978participated in the round.

8. Dataiku

Latest Known information:

Legal name	Dataiku Inc
Web Site	www.dataiku.com
Employees	1,293
Post-money valuation	$3.7 B
Total raised to-date	$848 M
Revenues (last known)	2022: $105 M
Founded	2013
Business status	Generating revenue
HQ	New York, NY, United States
Primary Industry/verticals	Business/Productivity Software/Artificial Intelligence & Machine Learning Big Data, SaaS

Dataiku Inc. develops and offers artificial intelligence and machine learning based data platforms that enables business to prepare and analyze data. It offers Dataiku DSS, a collaborative data science software platform for teams of data scientists, data analysts, and engineers to explore, prototype, build, and deliver their own data products. The company’s Dataiku DSS enables to profile the data visually at every step of the analysis; interactively explore and chart data using built-in charts; prepare, enrich, blend, and clean data using built-in functions; and machine learning technologies in a visual UI.

Developer of centralized data platform designed to help businesses in their data journey from analytics at scale to enterprise AI. The company’s platform offers predictive modeling and machine learning capabilities that allow users to build custom models supporting agility in organizations’ data efforts via collaborative, elastic, and responsible artificial intelligence, enabling enterprises to build their own path to artificial intelligence in a human-centric way.

The company raised $200 million of Series F venture funding in a deal led by Wellington Management on December 12, 2022, putting the company’s pre-money valuation at $3.5 billion. Snowflake Ventures, Insight Partners, Eurazeo, CapitalG, ICONIQ Growth, Tiger Global Management, Serena Capital, FirstMark Capital, Battery Ventures, Dawn Capital, Olivier Pomel and Lightrock also participated in the round. The funds will be used to accelerate the company’s platform capabilities and prepare for its next phase of strong, sustainable growth.

Dataiku Inc. was founded in 2013 and is based in New York, New York with additional offices in Paris, France; London, United Kingdom; Amsterdam, the Netherlands; Frankfurt, Germany; Sydney, Australia; Denver, Colorado; Washington, District of Columbia; Los Angeles, California; Tokyo, Japan; and Singapore.

9. Hive

Latest Known information:

Legal name	Castle Global, Inc.
Web Site	www.thehive.ai
Employees	285
Post-money valuation	$2.0 B
Total raised to-date	$169 M
Revenues (last known)	N/A
Founded	2013
Business status	Generating Revenue
HQ	San Francisco, CA, United States
Primary Industry/verticals	Business/Productivity Software/Artificial Intelligence & Machine Learning

Developer of full-stack artificial intelligence software designed to streamline the creation of custom, business AI models. The company’s software development process includes data labeling and model deployment, enabling enterprises to automate business processes such as receipt parsing, ad identification, and transcription to reduce their overhead.

The company raised $85 million through the combination of debt and Series D venture funding in a deal led by Glynn Capital on April 21, 2021, putting the company’s pre-money valuation at $1.95 billion. Bain & Company, Ferrer, Smile Group, Massive VC, Venture Development Partners, General Catalyst, Tomales Bay Capital, Jericho Capital, and Standard Investments also participated in the round. The funds will be used to continue the development of the company’s cloud-based deep learning models and to invest in building out its sales and marketing teams.

10. SandboxAQ

Latest Known information:

Legal name	SB Technology, Inc.
Web Site	www.sandboxaq.com
Employees	167
Post-money valuation	$4.0 B
Total raised to-date	$500 M
Revenues (last known)	N/A
Founded	2021
Business status	Generating revenue
HQ	New York, NY, United States
Primary Industry/verticals	Business/Productivity Software Artificial Intelligence & Machine Learning, SaaS, Cybersecurity

Developer of AI quantum software designed to address significant business and scientific challenges. The company’s platform specializes in practical AI and quantum technology that allows cross-pollination across a diverse range of fields, from physics, computer science, neuroscience, mathematics, cryptography, and natural sciences addressing real-world business and computational challenges, enabling clients to deliver computing technologies.

The company raised $500 million of Series D venture funding from Barton Technology Ventures, Amadeus Capital Partners, and Elaia Partners on March 22, 2022, putting the company’s pre-money valuation at $3.5 billion. Paladin Capital Group and other investors also participated in the round. The funds will be used to hire additional AI experts, physicists, and engineers to further develop and deliver its AI and quantum technologies.

^[1]BARD is a large language model (LLM) chatbot developed by Google AI. It is trained on a massive dataset of text and code, and can generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way.

Disclaimer

The information included in this report does not constitute any advice, recommendation, opinion or suggestion about the subject company and does not replace an independent examination and independent advice in light of the specific data of each user. This report does not constitute or embody any offer or invitation or solicitation for the purchase or sale of securities of the subject company and does not constitute or is part of an invitation to receive such offers. The information provided in this report is solely general and public information about the subject company and does not contain all the information needed to make an investment decision, including but not limited to, the risks and costs. Elephant operates as a secondary market place and its platform presents a portfolio of private shares in pre-IPO companies, which are offered for sale by private shareholders. Offers for selling of the securities will be delivered only to ‘Accredited Investors‘ as defined in the first supplement of the Israeli Securities Law, 5728-1968.
This report includes information by reference or via electronic links to other sites operated by third parties. Elephant will not be responsible for information contained in those sites.
All rights reserved. This report or any portion hereof may not be reprinted, sold or redistributed, in whole or in part, without the prior written consent of The Elephant Secondary Market Brokerage Ltd.

The increasing demand for AI-powered solutions in a variety of industries

Artificial Intelligence

AI Market

1. DataRobot

2. H2O.ai

3. SambaNova

4. DeepBlue technology

5. Scale AI

6. Anthropic

7. Stability. AI

8. Dataiku

9. Hive

10. SandboxAQ

IN THE NEWS