Iterate Studio Inc., best known for its low-code software development tools, today is getting into tech discovery to help companies find new platforms that can help them achieve their business goals.

Iterate.ai’s Signals platform tracks and auto-analyzes more than 10 million emerging technologies in real time. It can be thought of as a kind of search engine for new technologies. It’s used by companies to find, grade and capitalize on cutting-edge technology platforms.

The Signals platform relies on proprietary artificial intelligence and machine learning algorithms that compile dozens of attributes for each emerging technology, including a startup’s employee headcount, revenue estimates and other factors to determine its momentum and viability. The platform updates on an hourly basis, recording millions of daily changes to ensure users have the most up to date view of any tech platform they are considering.

There’s also a “Hidden Gem” score that displays Signals’ confidence in emerging technologies from especially young startups, which might be useful for companies that want to go out on a limb.

Iterate.ai said the intention of Signals is to help its customers “connect the dots” between seemingly unrelated technologies and find new platforms that can give them a competitive advantage.

“Signals takes the guesswork out of emerging technologies,” said Iterate Data Science Chief Mike Frazzini. “This is a unique platform that can distill and vet the chaos of 10 million solutions into the real trends and opportunities that map to a business’ specific vision – such as a retailer seeking to add frictionless payments, a healthcare organization exploring VR capabilities, or a brand considering a metaverse initiative.”

The Signals platform is available alongside Iterate.ai’s Execution Cloud, which is a low-code software development platform containing more than 465 pre-built modules. Companies can use the Execution Cloud to iterate quickly and build a range of new applications that leverage AI and machine learning, big data, blockchain and “Internet of things” technologies, the company said.

Image: Iterate.ai