Tracxn Research — Artificial Intelligence Startup Landscape, September 2016

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  • Artificial Intelligence Report, September 2016

    TracxnWorlds Largest Startup Research Platform

    2

  • Artificial Intelligence Report, September 2016

    Contents

    Topic Page No.

    Scope of Report 05

    Entrepreneur Activity 07

    Investment Trend 10

    Who is Investing 25

    Exit Outlook - IPO, Acquisitions 32

    Sub Sector Analysis 36

    Interesting Companies 63

    Useful Links 90

    Company List 92

    Team 368

    3

    3

  • Artificial Intelligence Report, September 20164

    Illustrative Sectors We Track

    ENTERPRISEINFRASTRUCTURE

    ENTERPRISEAPPLICATIONS

    MOBILETECHNOLOGY

    CONSUMER FINTECH EDUCATION HEALTHCARE

    SECURITY

    STORAGE

    NETWORKING

    MOBILITY

    IT OPS

    CLOUD INFRASTRUCTURE

    API MANAGEMENT

    BIGDATA INFRASTRUCTURE

    SAAS

    MOBILE-FIRST ENT. APPS

    INTELLIGENT ENT. APPS

    OPEN SOURCE

    RETAIL TECH

    MARKETING TECH

    STEALTH MODE

    VERTICAL SAAS

    MOBILE COMMERCE

    MOBILE PAYMENTS

    MOBILE MARKETING

    MOBILE DEV TOOLS

    MOBILE HEALTH

    MOBILE GAMING

    MOBILE LEARNING

    MOBILE COMMUNICATION

    ARTIFICIAL INTELLIGENCE

    VIRTUAL REALITY

    CONSUMER ROBOTICS

    WEARABLE TECHNOLOGY

    INTERNET OF THINGS

    DRONES

    SMART CARS

    3D PRINTING

    FOOD TECH

    SECOND HAND GOODS

    BITCOIN

    PAYMENTS

    EDUCATION IT

    SELF LEARNING

    LIFE SCIENCES

    DIGITAL HEALTH

  • Artificial Intelligence Report, September 20165

    Sector Overview

    Scope of report

    This report aims to provide a brief overview of the startup landscape of the Artificial Intelligence sector. The sector has been divided into twomajor sub-sectors, namely Infrastructure and Applications:

    Infrastructure: Includes companies which provide AI as a Service, NLP as a Service, Computer Vision as a Service. These companies providecloud infrastructure, algorithms, libraries for creating AI based applications

    Applications: Includes companies leveraging AI techniques to build applications tailored for end use in Enterprise, Industry & Consumersectors.

    The report excludes not for profit companies developing AI techniques or using them to build applications like Open AI

    Over $1.2B has been invested in AI-Infrastructure startups since 2010 with ~$540M being invested in 2015-16. Over $8.5B has been invested in AI-Applications startups since 2010 with over ~$3.5B being invested in 2015-16.

    Some notable investments in 2016

    Cylance (Enterprise Security & Surveillance) - $100M, Series D from Blackstone Tactical Opportunities, Insight Venture Partners and others Jun 08, 2016.

    Digital Reasoning (Enterprise Business Intelligence) - $40M, Series D from Lemhi Ventures, Nasdaq, Goldman Sachs and others May 03,2016

    Persado (Enterprise Marketing) - $30M, Series C from Goldman Sachs, Bain Capital Ventures and others Apr 05, 2016.

    Globality (Stealth) - $27M, Series B from Al Gore, Ron Johnson, John Joyce, Michael Marks and Ken Goldman Apr 07, 2016.

    Zimperium (Enterprise Security & Surveillance) - $25M, Series C from Warburg Pincus, Sierra Ventures, Telstra Ventures and Lazarus IsraelOpportunities Fund LLLP Jun 07, 2016

    X.ai (Consumer Virtual Assistants) - $23M, Series B Two Sigma Ventures, SoftBank and others Apr 07, 2016.

    Zoox (Industry Transport) - $200M, Series A from AID Partners May 23, 2016

    The scope of this report includes equity as well as debt funding received by the companies.

  • Artificial Intelligence Report, September 2016

    Scope of Report

    Entrepreneur Activity

    Investment Trend

    Who is Investing

    Exit Outlook - IPO, Acquisitions

    Sub Sector Analysis

    Interesting Companies

    Useful Links

    Company List

    Team

    6

    6

  • Artificial Intelligence Report, September 2016

    23

    18

    43

    33

    58

    48

    4

    0

    14

    28

    42

    56

    70

    2010 2011 2012 2013 2014 2015 2016 YTD

    Nu

    mb

    er o

    f C

    om

    pan

    ies

    7

    Infrastructure YoY Number of companies founded

    Vicarious Face++ Mobvoi Dato Nervana Systems Demiurge InterAction.AI

    WorkFusion MindMeld Trifacta Clarifai Semantic Machines Twenty Billion Neurons SuperCortical

  • Artificial Intelligence Report, September 20168

    Applications YoY Number of companies founded

  • Artificial Intelligence Report, September 2016

    Scope of Report

    Entrepreneur Activity

    Investment Trend

    Who is Investing

    Exit Outlook - IPO, Acquisitions

    Sub Sector Analysis

    Interesting Companies

    Useful Links

    Company List

    Team

    9

    9

  • Artificial Intelligence Report, September 201610

    Infrastructure YoY Number of Rounds and Total Funding

    $137M

    $20M

    $61M $53M

    $133M$112M

    $389M

    $348M

    $192M

    94

    18

    28

    4341

    59

    55

    28

    0

    14

    28

    42

    56

    70

    0

    90

    180

    270

    360

    450

    2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD

    Nu

    mb

    er of R

    ou

    nd

    sFu

    nd

    ing

    Am

    ou

    nt

    (in

    Mill

    ion

    s)

    Funding Amount Number of Rounds

    Note: The funding includes debt rounds also.

  • Artificial Intelligence Report, September 201611

    Applications YoY Number of Rounds and Total Funding

  • Artificial Intelligence Report, September 201612

    Infrastructure YoY Number of Rounds by Stage

  • Artificial Intelligence Report, September 201613

    Applications YoY Number of Rounds by Stage

  • Artificial Intelligence Report, September 201614

    Infrastructure YoY Funding by Stage

  • Artificial Intelligence Report, September 201615

    Applications YoY Funding by Stage

  • Artificial Intelligence Report, September 201616

    Infrastructure Average Ticket Size Early Stage

  • Artificial Intelligence Report, September 201617

    Applications Average Ticket Size Early Stage

  • Artificial Intelligence Report, September 201618

    Infrastructure Top investments in last one year

  • Artificial Intelligence Report, September 201619

    Infrastructure Top investments in last one year

  • Artificial Intelligence Report, September 201620

    Applications Top investments in last one year

  • Artificial Intelligence Report, September 201621

    Applications Top investments in last one year

  • Artificial Intelligence Report, September 201622

    Infrastructure Funnel view of Sector

  • Artificial Intelligence Report, September 201623

    Applications Funnel view of Sector

  • Artificial Intelligence Report, September 2016

    Scope of Report

    Entrepreneur Activity

    Investment Trend

    Who is Investing

    Exit Outlook - IPO, Acquisitions

    Sub Sector Analysis

    Interesting Companies

    Useful Links

    Company List

    Team

    24

    24

  • Artificial Intelligence Report, September 201625

    Infrastructure Most Active Investors in Sector

    10

    8

    6 6 6

    5 5 5 5

    4

    0

    2

    5

    7

    10

    12

    NEA Intel Capital Accel Partners GV HorizonsVentures

    AIB Seed CapitalFund

    Capital-EPartners

    GreylockPartners

    Khosla Ventures 406 Ventures

    Tota

    l Nu

    mb

    er o

    f C

    om

    pan

    ies

    DataRobot DataRobot Trifacta Tamr Cortica Movidius Movidius MindMeld MetaMind Connotate

    Dato MindMeld Paxata Clarifai Affectiva Trifacta Kaggle Nara Logics

  • Artificial Intelligence Report, September 201626

    Infrastructure Where are Top Investors investing

  • Artificial Intelligence Report, September 201627

    Infrastructure Top Investor by Stage of Entry

  • Artificial Intelligence Report, September 201628

    Applications Most Active Investors in Sector

    23

    2120

    1918

    1716 16 16

    15

    0

    5

    10

    15

    20

    25

    Khosla Ventures Y Combinator Sequoia Capital Accel Partners NEA IA Venttures AndreessenHorowitz

    First RoundCapital

    Founders Fund Bain CapitalVentures

    Tota

    l Nu

    mb

    er o

    f C

    om

    pan

    ies

    Blue River Tech Sift Science Kahuna Kensho BloomReach Vectra Networks Anki Knewton Palantir BloomReach

    Judicata Cruise Automation EverString Knewton Kensho DataSift Premise The Climate Corporation Knewton Captora

  • Artificial Intelligence Report, September 201629

    Applications Where are Top Investors investing

  • Artificial Intelligence Report, September 201630

    Applications Top Investor by Stage of Entry

  • Artificial Intelligence Report, September 2016

    Scope of Report

    Entrepreneur Activity

    Investment Trend

    Who is Investing

    Exit Outlook - IPO, Acquisitions

    Sub Sector Analysis

    Interesting Companies

    Useful Links

    Company List

    Team

    31

    31

  • Artificial Intelligence Report, September 201632

    Infrastructure Major Acquisitions in last three years

    Date Company Acquirer Deal Size OverviewTotal

    Funding

    Oct-2015 saffrontech.comSaffron Tech(Cary, 1999)

    intel.com UndisclosedPlatform for Cognitive Computing

    $7.54M

    Aug-2015 saplo.comSaplo

    (Malmo, 2008)sprinklecontent.com Undisclosed

    Text Analytics$500k