The 2016 AI Recap: Startups See Record High In Deals And Funding

JANUARY 19, 2017 CBInsights The 2016 AI Recap: Startups See Record High In Deals And Funding Non-US deal share has gradually increased, from 21% in 2012, to nearly 40% in 2016. EMAIL From stopping cyberattacks to operating autonomous vehicles to visually searching through a wine database, over 550 startups using AI as a core part of their products raised $5B in funding in 2016. Since 2012, deals and dollars to AI startups have been on the rise, and 2016 was a record year for startups globally. Using the CB Insights database, we tracked funding to private AI companies globally over the past five years, and looked at how deal share breaks down by geography. Our analysis includes companies applying AI algorithms Read More …

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