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CNBC Disruptor 50 List recognizes firms founded by Indian Americans
Indian American CEOs and founders behind Zum, Tala, AlphaSense and Glean have lead their way on CNBC’s Disruptor 50 list
Zum, Tala, AlphaSense and Glean amongst CNBC Disruptor 50 list / Images - Official logos/websites
Four companies founded by Indian Americans were features on CNBC's latest Disruptor 50 list which highlights the pervasive influence of artificial intelligence in the business landscape.
Zum which is transforming the $50 billion student transportation industry was ranked 31st on the list. Founded in 2015 by Ritu Narayan, the firm aims to make school transport safer, more reliable, and sustainable.
With a valuation of $1.3 billion and $350 million in funding, the Redwood City-based company is accelerating its efforts to transition its school bus fleet to 100 percent electric by 2027. Its AI-driven platform not only optimizes routes but also enables energy from electric buses to be fed back into the grid.
Tala, aimed at expanding financial inclusion has ranked 34th on the list. The disruptor provides financial services to the unbanked in developing markets. Launched in 2014 by Shivani Siroya, Tala has raised $350 million and is valued at $800 million.
The Santa Monica-based startup uses AI to offer micro-loans, credit, and insurance to underserved populations in countries like Kenya, India, and the Philippines. With $5 billion in loans distributed to nine million people, Tala’s AI platform facilitates instant credit approvals and helps users manage finances through budgeting and fraud detection tools.
AlphaSense, an AI-powered search engine for financial information, made its debut on the list at 40th place. Founded in 2011 by Jack Kokko and Raj Neervannan, the New York-based company has raised $770 million and boasts a $2.5 billion valuation.
AlphaSense leverages AI to provide real-time financial analysis, competing with industry giants like Factiva and Capital IQ. Its latest generative AI tools, Smart Summaries and Assistant, enhance the research process for corporate clients, extracting valuable insights from vast data sources.
Glean, an enterprise search startup founded in 2019 by Arvind Jain and a team of former Google engineers has ranked 43rd. Headquartered in Palo Alto, Glean has secured $358.2 million in funding and a $2.2 billion valuation.
The company’s AI technology helps businesses retrieve and analyze internal data efficiently, positioning itself as both Google and ChatGPT for enterprises. Glean’s products, including an AI-enhanced work assistant and a conversational AI platform, expand beyond tech into finance, retail, and manufacturing, serving high-profile clients like Bill, Canva, and Sony.
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