Who We Are
We are a team of high-performing data scientists, software engineers and business strategists focused on demystifying AI for the Global 2000 and launching impactful software products and companies.
Join us
We are a team of high-performing data scientists, software engineers and business strategists focused on demystifying AI for the Global 2000 and launching impactful software products and companies.
Join usAI has become one of today’s most hyped buzzwords. And while reading about flashy applications is entertaining, the greatest tangible business value being created by AI is much more prosaic: software powered by data and math that is designed to statistically improve key processes. We call these tools ‘Practical AI,’ which are developed to solve business problems in ways that are simultaneously better, faster, and less expensive than human alternatives.
A ‘Practical AI’ program should:
Produce a positive return on investment within twelve months
Be worked backwards from a business problem rather than forward from technology
Become an institutionalized capability supported by third-party tools
We build software products that drive profit and can be applied to multiple companies and industries. We can offer existing products and/or deploy our capital, team, and pre-existing technology to create new ones.
Our pre-existing technology 'parts rack' contains building blocks in Machine Vision, Natural Language Processing, Machine Learning, and Data APIs. These can be assembled quickly to bring new products to market, reducing time to positive ROI.
AI is in a hype cycle, with an emphasis on flashy and long-term projects. Our focus is strictly on practical applications of AI that can materially improve business processes for large enterprises within 12 months. It may not be sexy, but it works.
Our team comprises a unique blend of deep AI expertise and operational leadership experience at multi-billion dollar businesses. We bring this powerful combination of domain, technical and business acumen to each customer engagement.
Jim was founder, CEO and Chairman of Applied Predictive Technologies, which became the world’s largest cloud-based AI software company. Prior to founding APT, Jim developed pattern recognition software at AT&T Laboratories, and worked as a corporate strategy consultant. He is the author of several software patents, as well as the 2014 Harvard Business Review article “The Discipline of Business Experimentation.” Jim received an SB in mathematics from MIT, and was subsequently awarded a Dean’s Fellowship in statistics to the doctoral program at the Wharton School of the University of Pennsylvania.
Ned has led a variety of technology businesses over the last 20 years, having been Yahoo’s Head of the Americas, CEO of AOL Networks, Chief Revenue Officer of AOL, and CFO of LookSmart. Previously, he started and led Mercer Management Consulting’s Internet Practice and San Francisco Office. Ned holds a MBA and a BS from the Wharton School of the University of Pennsylvania with concentrations in decision theory and finance.
Foundry.ai is backed by top institutions and investors across the US who share our vision for practical and impactful applications of AI software.
