Crunchbase’s AI can predict startup success with 95% accuracy—will it change investing?
1 min read
Summary
Crunchbase, a company that had built its reputation as a database of start-up information over 15 years, is relaunching with AI models that predict future business events with up to 95% accuracy.
The company’s AI predicts events around fundraising, acquisitions and growth by analysing thousands of signals to forecast company outcomes.
It can also predict IPOs, company growth and potential layoffs.
Looking ahead, CEO Jager McConnell said he wants Crunchbase to become a platform that powers AI-driven investment decisions, including automated investing systems and indexes tracking private market sectors.
The success of the rebranded platform will depend on whether it can maintain high prediction accuracy while convincing customers to trust its AI-generated insights.