Carlos Araya, PhD.
Founder and CEO of Singularities.
Dr. Araya is an experienced entrepreneur in the software industry and has been innovating in the fields of artificial intelligence and programming languages since the mid-eighties. He obtained his B.Sc. in Computer Engineering from the Instituto Tecnológico de Costa Rica (ITCR), then pursued M.Eng. and M.Sc. degrees at the Instituto Tecnológico de Monterrey, and later obtained his Ph.D. in Computer Science from the University of Kansas. Prior to founding Singularities, Dr. Araya was involved as either founder or co-founder of four successful startups: ArtinSoft (1991), CENFOTEC (2000), Mobilize.net (2011), and simMachines (2012).
In 2012, the concept of building a highly scalable machine learning and deduction engine that uses the latest data science and big data algorithms in order to generate content and conditional rules (counterfactuals) that capture customers behaviours and beliefs, was born. Then, during Q2 of 2014, Singularities took form with several POCs, and the development of more use case scenarios and experiences.
Singularities is born
With a rise in interest on Artificial Intelligence technologies, an increase in data-driven culture in companies due to the big-data wave, and technology that is finally capable of supporting practical progress in AI, Dr. Araya founded Singularities to provide businesses with an AI capable of solving essentially any business problem.
Aleph Lab's Development Begins
The team begins developing the first version of Aleph Lab.
Forecasting capacities are optimised
Our algorithms capacities were optimised during a project looking to predict the total daily production of milk for the entire country of Costa Rica - obtaining a 99% accuracy for the daily results of the first 30 days, and a 97% accuracy for the daily results of the second and third months.
Demand prediction and tax evasion solutions
We developed a solution capable of predicting demand patterns in order to optimise the inventory and truck-loading operations. At the same time, we started developing a solution to help determine what entities are evading taxes.
Credit Risk Solution
In March 2017, we concluded the first deployment of our Credit Risk solution, used to analyse prospects and answer if the loan that is being requested is approved or rejected, in just a matter of minutes.
This month we started working on a project intending to use AI as a way to optimise logistics related processes for a multinational consumer goods manufacturer.
Aleph's Concept Evolves
The technology had evolved so much that the offering needed to be adjusted, bringing to life two business units, Aleph Suite, and Aleph Lab.
Launch Into Marketplace
Aleph Suite and Aleph Lab are launched to the public.
Singularities Closes a Successful Round of Investment
Singularities closes a successful first round of investment for $800k led by Carao Ventures
Singularities Solution Can Stop Food Waste in Restaurants
Aleph's waste reduction solution diminished food loss by 55 to 80 percent, and produced monthly savings of $20,000 per branch.