News in AI/ML: what's happened in 2016 so far!

Revue
 
2016 will be a big one for a number of frontier technologies creeping into the mainstream. AI/ML is o
 
January 22 - Issue #6

Nathan Benaich

An analytical digest of artificial intelligence and machine learning news from the technology industry, research lab and venture capital market.

2016 will be a big one for a number of frontier technologies creeping into the mainstream. AI/ML is of course one of them. Here’s what’s happened so far this year! 
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Technology news, trends and opinions
Research, development and resources
Venture capital financings and exits
Quick summary for 2015? Here is it (more in-depth analysis to come):
  • In 2015, $3.06bn was invested into businesses using/developing AI through 328 deals around the world. The peak of activity was in Q3, which accounted for $1.57bn on its own. 
  • 55% of the deals were at the Seed/Angel stage (median $890k/deal) and 22.5% at Series A (median $5m/deal), 16% at Series B (median $15m/deal). 50% of the activity was in the US, with YC (11 deals), Techstars (7 deals), Data Collective (6 deals), a16z (5 deals), Khosla (5 deals) and NEA (5 deals) being most active.
  • There were 43 exits occurring on average 3-4 years since first fundraising (average raised $15.1m prior to exit). Apple, Google and Twitter each acquired 2 businesses. 
Notable deals in 2016 to date:

Anything else catch your eye? Just hit reply! I’m actively looking for entrepreneurs building companies that build/use AI to rethink the way we live and work.

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