The startup develops AI solutions that combine natural language processing and machine learning to identify social trends and can deliver early warnings on critical issues. Through data privacy and bias reduction algorithms, the startup is aiming to aid governments, multilateral organisations, and private companies foresee changes over the horizon.
The easiest way to think about Citibeat’s offer is comparable to brand monitoring, a process that focuses mainly on social listening and then reacting, i.e. with a significant lag. With its AI-based solution, Citibeats virtually eliminates the processing lag and is able to detect and analyse complex narratives from a wide range of sources, often with a multitude of various topics interwoven.
“Being acknowledged as a Technology Pioneer by WEF is a real honor for Citibeats,” said CEO and Founder Ivan Caballero. “It is like a seal of quality, a trust badge that confirms and further validates the value of our technology and our ethical approach towards AI. We work with WHO, IDB, UNESCO, UNDP, and World Bank on large projects across many countries and are excited to bring this knowledge of incorporating citizens’ voices and needs into decision-making to WEF.”
We first reported on Citibeats last July when the firm raised €2 million in a Zubi Capital led seed round.
"Citibeats and its fellow pioneers are at the forefront of industries that are critical to solving some of our world's most complex issues today. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world," commented WEF's Saemoon Yoon.