Complete List of All AI Companies Under $2 Billion Market Cap

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8. Innodata Inc. (NASDAQ:INOD)

Market Capitalization: $1.08 Billion

Number of Hedge Fund Holders: 10

Innodata Inc. (NASDAQ:INOD) is an American data-engineering company that operates in the U.S., U.K., Netherlands, Canada, and several other regions. The company provides AI data preparation, training data creation, annotation, and AI model deployment services. It also offers data transformation, curation, hygiene, consolidation, extraction, compliance, and master data management solutions.

Furthermore, Innodata (NASDAQ:INOD) converts medical records into digital formats and supports marketing and public relations professionals in content distribution and media analysis. Innodata serves industries such as banking, insurance, technology, retail, and media.

Wedbush initiated coverage of Innodata with an Outperform rating and a $48 price target in December 2024, highlighting the company’s leadership in data quality, scale, and agility. The analyst noted that Innodata currently partners with five of the “Magnificent 7” tech companies, with two more deals expected. The firm believes Innodata’s extensive experience in data annotation and AI will position it as a leader in the growing field.

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