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Artificial Intelligence and corporate VC “I do not fear computers. I fear the lack of them.” Isaac Asimov

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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