Artificial Intelligence and corporate VC “I do not fear computers. I fear the lack of them.” Isaac Asimov
Global Corporate Venturing Corporate Venture Investment in Artificial Intelligence
Jan 09, 2017
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Artificial Intelligence and
corporate VC
“I do not fear computers. I fear the lack of them.”
Isaac Asimov
Artificial Intelligence (AI)
-One of the most exciting areas of technology at present -Famous futurists predicting “Technological singularity” in 2030 or 2045 -Global AI market estimated to be over $5bn by 2020
Source: http://www.marketsandmarkets.com/PressReleases/artificial-intelligence.asp
The number of CVC-backed deals in AI wasgrowing until 2014, when it reached a peak
But this upward trend also slowed down in 2015. We have tracked 69 deals in AI companies since 2011.
Source: GCV Analytics database
Capital committed in CVC-backed AI dealshas been on the rise, however
Which indicates that there are now fewer but larger-size deals in this area.
Source: GCV Analytics database
Series A & B rounds account for most of disclosed AI investments
Though it must be noted that about 30% of all AI-related corporate-backed deals go undisclosed. This is higher than the average number of undisclosed deals across all industries (20%)
Source: GCV Analytics database
Investors are most drawn to Machine Learning, Speech Tech and VPAs
Innovations in Machine/Deep learning, Speech Tech and Virtual Personal Assistants make up 60% of all deals.
Source: GCV Analytics database
Top 10 CVC-backed deals in AI
Portfoliocompany Round RoundSize($m) Investors AICategory
iCarbonX A 154 Vcanbio Cell,GeneEngineering, Tencent,undisclosed Analytical computing
Sentient Technologies C 103.5 AccessIndustries, TataCommunications,HorizonsVentures,privateinvestors Machinelearning/Deep learning
FractalAnalytics Undisclosed 100 Khazanah Nasional Berhad Analytical computing
Manthan Labs D 60 Temasek,Norwest VenturePartners (NVP) Machinelearning/Deep learning
Ayasdi C 55
Citi Ventures,Kleiner Perkins Caufield &Byers,Institutional VenturePartners (IVP),KhoslaVentures,Floodgate,Centerview
Capital,DraperNexus.
Analytical computing
Kensho Technologies B 47.8 Undisclosed Analytical computing
Mobvoi Undisclosed 45 Alphabet Speech tech
Nexthink E 40
Mannai Corporation,HighlandEurope,Waypoint Capital,AurigaPartners,Galeo
Ventures Analytical computing
PathwayGenomics E 40 IBMWatson Machinelearning/Deep learningDigitalReasoning D 40 Nasdaq Machinelearning/Deep learning
Source: GCV Analytics database
Top Corporate VC Investors in AI
Source: GCV Analytics database
AI Portfolio CompaniesCapital
Raised ($m)*
41.5
10
8.7
1.5
Undisclosed
Capital Raised ($m)*
15.4
12
5.5
2
0.75
* Includes only disclosed deals with corporate VC participants Source: GCV Analytics database
AI Portfolio CompaniesCapital
Raised ($m)*Capital
Raised ($m)*
8
3.5
2.4
72.8
10
10
8.7
* Includes only disclosed deals with corporate VC participants Source: GCV Analytics database
AI Portfolio Companies
26
15.4
5
26.7
10
1.5
Capital Raised ($m)*
Capital Raised ($m)*
* Includes only disclosed deals with corporate VC participants Source: GCV Analytics database
AI Portfolio Companies
154
13.6
10
Capital Raised ($m)*
Capital Raised ($m)*
22
11.3
* Includes only disclosed deals with corporate VC participants Source: GCV Analytics database
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