Sonasoft Corp (SSFT) is another artificial intelligence company who has various fortune 500 company clients including Nvidia (NVDA), Gilead (GILD), Xilinx (XLNX), Amazon (AMZN) and Visa (V). The company is focused on resolving a number of business challenged across sectors and industries, they provide solutions to preserve, manage, and create competitive advantages from data.
Their flagship AI platform called Nugene is among the most capable in the market, the company claims. Nugene has the ability to go beyond correlation of data points to identify causal relationships among them, delivering higher quality, higher confidence predictions and recommendations.
This is the key differentiator for Sonasoft. They have created a product that can autonomously find opportunities for automation and create AI bots that reduce their customers costs. They have literally created a product that can replace an internal data scientist! They recently secured a patent on this technology announced on 1/28 giving them a strong competitive moat. They have consistently reduce AI deployment time from the typical 2-6 months to 2-6 weeks.
Sonasoft's partnership with Microsoft
Last year, the company has partnered with Microsoft (MSFT) to sell services, Sonasoft was rewarded Microsoft Cloud Service Provider (CSP) and had a near 600% increase of growth YOY. With this strategic partnership, Sonasoft is now a direct provider of Microsoft cloud services and can also offer products in the Microsoft cloud marketplace.
Sonasoft has stood out as a cloud service provider. Sonasoft has achieved our highest Gold membership level for the following key Competencies: Cloud Platform, Cloud Productivity, Collaboration & Content, and Datacenter. Gold membership is only awarded to companies that demonstrate they offer a best-in-class capability.
JOSHUA SHEA, SR. PARTNER DEVELOPMENT MANAGER AT MICROSOFT
Sonasoft snags agreements with Google and Fidelity National Information
According to some filings it seems that Sonasoft has also snagged agreements with Google (GOOGL) and Fidelity National Information (FIS). The filings state:
- "Sonasoft Corp. recently entered into an agreement with Google (Nasdaq: GOOGL). Sonasoft will be involved in the development of services and products for Google Cloud Learning Systems."
- "Sonasoft Corp. recently entered into a multi-year strategic alliance with FIS (NYSE: FIS), one of the world’s leading providers of financial services technology. Sonasoft will develop and implement AI applications and solutions."
One thing to note is that many investors think that Fidelity National Information has a connection to Fidelity Investments, they are in no way connected to each other. I also recommend checking out another undervalued AI stock, Artificial Intelligence Technology Solutions (AITX).
