SymphonyAI’s Innovative Enterprise AI SaaS Products Recognized by Leading Industry Analysts and Influencers Worldwide
July 09 2024 - 7:00AM
Business Wire
Innovative predictive and generative AI
products gain traction and accolades across vertical use cases in
retail, CPG, finance, manufacturing, media, and enterprise IT
service management
SymphonyAI, a leader in predictive and generative enterprise AI
SaaS products for the enterprise, is gaining growing market
recognition for its predictive and generative AI product portfolio
and customer growth with numerous external awards and rankings.
In the first half of 2024, SymphonyAI introduced significant
predictive and generative AI SaaS products for growth verticals,
including SensaAI for Sanctions Screening in financial crime
prevention, the IRIS Foundry industrial data ops platform and IRIS
Workspace for industrial transformation, the Apex Enterprise IT
Copilot for IT service management, and the Media AI Copilot for
media industry content monetization.
Microsoft Partner of the Year Award and top enterprise AI
SaaS company
These products, along with SymphonyAI’s existing robust AI-based
product portfolio, are driving significant market interest and
industry recognition, including SymphonyAI recently being selected
as Microsoft’s 2024 Business Transformation: AI Innovation Partner
of the Year. SymphonyAI is also ranked #7 in The Software Report’s
“Top 25 Artificial Intelligence Companies of 2024,” where it is
singled out for recent notable growth milestones including 30% 2023
growth in ARR in retail/CPG and its strategic partnership with
Microsoft to bring to market next-generation AI solutions. The
listing notes, “These developments underscore SymphonyAI’s
significant role in shaping the future of enterprise AI and its
commitment to driving innovation across diverse industry
verticals.”
Financial crime detection innovation and leadership
In financial crime detection, SymphonyAI was recently recognized
along with Absa as the Technology Partner of the Year at the ICA
Compliance Awards 2024 Europe and as the RegTech Company of the
Year for 2024 at the FinTech Awards London. Chartis Research
recognized SymphonyAI with its “GenAI Initiatives Award” and as a
top three provider in the Chartis inaugural Financial Crime and
Compliance 50 report. SymphonyAI is listed among “the world’s
leading tech companies fighting money laundering, fraud &
financial crime” in FinTech Global’s FinCrimeTech 50. SymphonyAI
ranks in the AI Fintech 100, which noted, “SymphonyAI is driving
the transformation of FinCrime management through Generative,
Predictive and pioneering Autonomous AI. Their solutions power
dynamic responses to evolving threats, accurately predict potential
risks, and enable effective responses to mitigate and report risk.
SymphonyAI serves one third of the world’s leading 100 banks and
has been named a Celent Luminary for AML transaction monitoring and
awarded 5 stars based on customer feedback.”
Enterprise IT service management recognition
In enterprise IT, SymphonyAI was named an “Established” vendor
in the 2024 Gartner® Peer Insights™ Voice of the Customer for IT
Service Management Platforms,1 marking the sixth report in a row
SymphonyAI’s ITSM products have been listed as a top product.
Similarly, SymphonyAI’s enterprise IT portfolio is recognized as
a Leader in Quadrant Knowledge Solutions’ SPARK Matrix for Asset
Performance Management Software for Q2 2024 and is in the KMWorld
AI 100 listing of companies powering intelligent enterprise
management.
“SymphonyAI continues to go from strength to strength in our
revenue and ARR growth, customer acquisition momentum, and AI
product leadership,” said SymphonyAI CEO Sanjay Dhawan. “After a
record-setting 2023, we continue to execute with excellence to
drive to our aggressive growth plans in 2024. The team is energized
around our market-leading strategy of delivering unparalleled AI
excellence tackling real-world vertical business problems to
deliver transformational results.”
Strong customer adoption for its innovative solutions catapulted
SymphonyAI to profitability and a revenue run rate of more than
$500 million in 2023. The company has launched eight predictive and
generative AI solutions in the past 12 months, tapping into deep
domain expertise and powered by SymphonyAI’s award-winning Eureka
Gen AI platform.
1Attribution – Gartner, Voice of the Customer for IT Service
Management Platforms, Peer Contributors, 30 May 2024.
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About SymphonyAI
SymphonyAI is a leading enterprise AI SaaS company for digital
transformation across the most critical and resilient growth
verticals, including retail, consumer packaged goods, financial
services, manufacturing, media, and IT/enterprise service
management. SymphonyAI verticals have many leading enterprises as
clients. Since its founding in 2017, SymphonyAI has grown rapidly
to 3,000 talented leaders, data scientists, and other
professionals. A 2024 Microsoft Partner of the Year for Business
Transformation – AI Innovation, SymphonyAI is a SAIGroup company,
backed by a $1 billion commitment from successful entrepreneur and
philanthropist Dr. Romesh Wadhwani. Learn more at
www.symphonyai.com.
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