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Q4 Startup Highlights
ARTIFICIAL INTELLIGENCE
January 2018
Quarterly artificial intelligence (AI) highlights
2
This brief overview of the artificial intelligence sector provides three sections
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Sector Summary
Macro-level views on the state of the artificial
intelligence sector
Latest Activity
Major funding and exit events from the previous
quarter
Category Discovery
Deep dive into a single artificial intelligence
category
Sector Summary
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ARTIFICIAL INTELLIGENCE
13 Categories
2,029 Companies
$27B Funding
Sector stats are continuously changing, data cumulative as of December 2017
ARTIFICIAL INTELLIGENCE
Computer Vision Platforms(199 Companies)
Computer Vision Apps(233 Companies)
Smart Robots(178 Companies)
Gesture Control(61 Companies)
Speech Recognition(169 Companies)
Virtual Assistants(210 Companies)
Recommendation Engines(105 Companies)
Video Recognition(21 Companies)
Context Aware Computing(33 Companies)
Speech to Speech Trans(21 Companies)
Machine Learning Applications(669 Companies)
Machine Learning Platforms(269 Companies)
Natural Language Processing(314 Companies)
The Venture Scanner research platform currently tracks 2,029 artificial
intelligence startups with $27B in funding
The graphic above shows a random sampling of companies in each category, data cumulative as of December 2017
Smart Robots
ML Platforms
Gesture Control
Video RecognitionCV Platforms
ML ApplicationsVirtual Assistants
Speech Recognition
NLP
CV Applications Recommendation Engines
Context Computing
Speech to SpeechTranslation
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Innovation quadrant for artificial intelligence
Average Funding
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
Ave
rage
Age
This quadrant shows a relative segmentation of the categories with respect to one another, data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
7
VC funding into artificial intelligence grew significantly in 2017
Overall artificial intelligence funding grew at a CAGR of 85% from 2012-2017, and 2017 was 340% of 2016 funding
Artificial Intelligence Annual Funding Over Time
Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
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2011 2012 2013 2014 2015 2016 2017
Fun
din
g ($
B)
Q1 Q2 Q3 Q4
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All quarters’ funding grew significantly year over year
The funding in Q4 2017 was 236% of the funding in Q4 2016, and the funding in Q3 2017 was 449% of the funding in Q3 2016
Artificial Intelligence Quarterly Funding Over Time
Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
0
1
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2011 2012 2013 2014 2015 2016 2017
Fun
din
g ($
B)
Q1 Q2 Q3 Q4
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Exits within the space are on a general upward trend
Overall artificial intelligence exits grew at a CAGR of 38% from 2012-2017, and the exits in 2017 were 175% of the exits in 2016
Artificial Intelligence Exit Events Over Time
Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
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2011 2012 2013 2014 2015 2016 2017
Exit
Eve
nts
(Acq
uis
tion
s an
d IP
Os)
Q1 Q2 Q3 Q4
Latest Activity
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Artificial intelligence funding events were mostly early stage in Q4 2017
There were 117 funding events this quarter, 62% of which were Seed and Series A
Recent Artificial Intelligence Funding Round Counts
Graphs shows only the funding rounds listed thereinVisit www.venturescanner.com to learn more about our artificial intelligence research platform
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5
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40
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Seed A B C D Late Stage
Fun
din
g Ev
ents
Funding Event
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Smart robots companies received the most funding in Q4 2017
Artificial intelligence startups raised $3.3 billion over the last quarter, with smart robots companies raising the most funding at $883 million
Quarterly Artificial Intelligence Category Funding
Companies are categorized by function, and therefore can exist in multiple categories.Visit www.venturescanner.com to learn more about our artificial intelligence research platform
0
100
200
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1000
Qu
arte
rly
Fun
din
g ($
M)
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Recent artificial intelligence funding events
Notable Recent Artificial Intelligence Funding Events
Company Funding Type Amount Date
Series C $460,000,000 Nov 1, 2017
Series C $400,000,000 Nov 15, 2017
Series C $227,000,000 Nov 29, 2017
Private Equity $117,000,000 Nov 7, 2017
Series C $100,000,000 Oct 20, 2017
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The top 5 artificial intelligence funding events accounted for 40% of quarterly funding
14
Recent artificial intelligence exit events
Notable Recent Artificial Intelligence Exit Events
Company Acquirer Amount Date
$81,252,495 Nov 3, 2017
Unknown Dec 20, 2017
Unknown Nov 28, 2017
Unknown Oct 23, 2017
Unknown Oct 19, 2017
There were 10 artificial intelligence exits this past quarter, all of which have been acquisitions
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Category Discovery – Deep Learning/Machine Learning Applications
Every quarter a new category will receive a deep dive, providing comparisons to other categories and discussing trends
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Machine learning applications is the leading category within artificial intelligence
The machine learning applications category accounts for 35% of funding in the sector and saw 7% growth last quarter
Venture Investing in Artificial Intelligence
Companies are categorized by function, and therefore can exist in multiple categories. Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
0%
5%
10%
15%
20%
25%
30%
35%
40%
0
2
4
6
8
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12
14
Grow
th from
Previou
s Qu
arterFu
nd
ing
($B
)
Previous Total Quarterly Funding Percent Growth
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Companies within machine learning applications are generally better funded than their peers
Machine learning applications have a median funding $3M higher than the average of other categories, and a third quartile that is $6M higher
Artificial Intelligence Category Funding Quartiles
Companies are categorized by function, and therefore can exist in multiple categories. Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
0
5
10
15
20
25
30
35
40
45
Fun
din
g Q
uar
tile
s ($
M)
First Quartile Median Third Quartile
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Machine learning applications funding grew in 2017, while funding events stayed relatively flat
Overall machine learning applications funding grew at a CAGR of 79% from 2012-2017, and 2017 funding was 407% of 2016 funding
Machine Learning Applications Quarterly Funding
Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
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10
20
30
40
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70
0.0
0.5
1.0
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017
Fun
din
g Events
Fun
din
g ($
B)
Funding Events
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Machine learning applications funding amounts have shifted to Series B
Machine Learning Applications Funding Amount By Round
In Q4 2017, Series B was the biggest funding round and accounted for 34% of total VC funding
Graphs shows only the funding rounds listed therein. Data cumulative as of December 2017Visit www.venturescanner.com to learn more about our artificial intelligence research platform
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0.2
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0.8
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017
Fun
din
g ($
B)
Seed A B C D Late Stage
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Funding within machine learning applications is moderately concentrated
Machine Learning Applications Companies with Large Funding Amounts
Company Latest Round Amount Location
Private Equity $3,100,000,000 China
Undisclosed $1,000,000,000 Pittsburgh, USA
Series D $359,000,000 Cambridge, USA
Undisclosed $267,250,000 Los Angeles, USA
Series E $251,200,024 Provo, USA
The top 5 machine learning applications companies by total funding account for 38% of overall category funding
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About Venture Scanner
21
Venture Scanner is the foundation of your startup research
22
Our artificial intelligence research platform keeps you ahead of the innovation curve
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Develop insights into technology sectors
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Find companies relevant to your strategic needs
Stay Current
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