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2,300 AI start-ups received $30bn funding from around 4,000 investors in 2019

Tuesday, February 18, 2020

Laxman Pai, Opalesque Asia:

Among all of the emerging technologies, artificial intelligence (AI) attracted the highest number of venture capital (VC) investors during 2019, said a study.

However, big data and internet-of-things (IoT) led in terms of investors-to-idea ratio (number of venture capital investors/number of funded companies) and average deal size, said a report by GlobalData.

Around 2,300 AI start-ups received funding worth US$30bn from around 4,000 investors during 2019, which is the highest among all emerging technologies.

However, AI lagged behind other technologies (including cloud, Fintech, Big Data, and IoT) in terms of average deal size and had the second-lowest investors-to-idea ratio.

Key funded companies across these disruptive technologies were mostly located in US or Asia-Pacific regions such as China. Some of the key funded AI companies of 2019 included US-based Nuro, Chinese firm Megvii Technology, and US firm UiPath.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, said: "AI has already made its way through many sectors and virtually no major industries today remain untouched by AI. However, with different companies, industries and countries at different phases of their AI journey, the technology is gearing up to play a bigger role in conjunction with other disruptive technologies."

"One such example is big data, which has been witnessing the use of AI for data analysis. Interestingly, big data registered the highes......................

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