GCV AI Data 2016

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

2. 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

3. The number of CVC-backed deals in AI was
growing 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

4. Capital committed in CVC-backed AI deals
has been on the rise, however
Which indicates that
there are now fewer but
larger-size deals in this
area.
Source: GCV Analytics database

5. 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

6. 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

7. Top 10 CVC-backed deals in AI
Portfolio company Round
Round Size
($m)
Investors AI Category
iCarbonX A 154
Vcanbio Cell, Gene Engineering, Tencent,
undisclosed
Analytical computing
Sentient Technologies C 103.5
Access Industries, Tata Communications,
Horizons Ventures, private investors
Machine learning/Deep learning
Fractal Analytics Undisclosed 100 Khazanah Nasional Berhad Analytical computing
Manthan Labs D 60 Temasek, Norwest Venture Partners (NVP) Machine learning/Deep learning
Ayasdi C 55
Citi Ventures, Kleiner Perkins Caufield &
Byers, Institutional Venture Partners (IVP),
Khosla Ventures, Floodgate, Centerview
Capital, Draper Nexus.
Analytical computing
Kensho Technologies B 47.8 Undisclosed Analytical computing
Mobvoi Undisclosed 45 Alphabet Speech tech
Nexthink E 40
Mannai Corporation, Highland Europe,
Waypoint Capital, Auriga Partners, Galeo
Ventures
Analytical computing
Pathway Genomics E 40 IBM Watson Machine learning/Deep learning
Digital Reasoning D 40 Nasdaq Machine learning/Deep learning
Source: GCV Analytics database

8. Top Corporate VC Investors in AI
Source: GCV Analytics database

9. AI Portfolio Companies
Capital
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

10. AI Portfolio Companies
Capital
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

11. 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

12. 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