Monday, August 26, 2019

"A look at Europe's 5 most valuable AI startups"

From PitchBook:
Artificial intelligence & machine learning is perhaps one of the most compelling, disruptive and terrifying technology trends today. It also represents one of the fastest-growing verticals for European venture capital investment. As of August 20, there were 323 VC deals in Europe involving AI & machine-learning businesses, which brought in some €1.9 billion (around $2.1 billion) total. This already exceeds the €1.8 billion raised across 520 deals in the sector last year, which in turn topped 2017's €1.3 billion by a considerable margin, per PitchBook data.

A broad array of startups spanning the value chain are finding their niche in the production and application of AI technology across the vertical. This diversity is witnessed in the top five most valuable European AI startups, which—apart from the fact that they all exist within the same vertical—develop distinct products.
Graphcore (Valuation: $1.7 billion)
Unlike the other companies on this list, Graphcore is primarily concerned with the hardware behind AI tech. The Bristol, England-based startup develops a next generation computer processor to accelerate machine intelligence learning. Given the projected future demand for such processors in this relatively nascent industry, it is little wonder Graphcore holds the higest valuation of AI startups in Europe. It secured unicorn status in December with a $200 million Series D co-led by Atomico and Sofina....

If interested see also:
"Top-10 Artificial Intelligence Startups in Germany"

Top 10 British Artificial Intelligence Startups

The next big thing: VC investing in Central and Eastern Europe

"The Top-10 French Artificial Intelligence Startups"