The top 15 AI Deals in Europe
The marketplace for artificial intelligence (AI) technologies is thriving. Beyond the hype and the intensive media attention, the numerous start-ups and internet companies racing to acquire them, we can observe that private companies are increasing their investment and adoption to these technologies.
To complement the article series on artificial intelligence we would like to outline the 15 biggest deals on artificial intelligence start-ups in Europe.
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1. Kreditech
Location: Hamburg, Germany
Funding Amount: USD 162.590.000
Webpage: kreditech.com
Provider of a lending as a service (Laas) based credit-scoring platform designed to improve financial freedom for the under-banked by the use of technology. The company’s lending as a service (Laas) based credit-scoring platform identifies and scores individuals online, decides and instantly pays out loans, based on 15,000 data points, providing banking products (instalment loans, microloans, credit cards, electronic wallets) to customers in emerging markets.
2. BenevolentAI
Location: London, United Kingdom
Funding Amount: UDS 100.000.000
Webpage: benevolent.ai
Provider of artificial intelligence technology intended to transform the process of pharmaceutical research and development. The company’s self-learning artificial intelligence and machine learning capabilities focuses on the disease areas of inflammation, neurodegeneration, orphan diseases and rare cancers as well as Judgment Augmented Cognition System (JACS), enabling human health, bio science and information technology sectors to analyse vast quantities of scientific information for the advancement of scientific discovery and applying it to real world problems.
3. Alteryx
Location: Broomfield, Colorado
Funding Amount: USD 85.000.000
Webpage: alteryx.com
Alteryx is the leader in self-service data analytics
4. Blue Yonder
Location: Karlsruhe, Germany
Funding Amount: USD 75.000.000
Webpage: blue-yonder.com
Provider of Big Data analytics and predictive applications. The company offers a cloud-based scalable platform with machine-learning algorithms. The enterprise’s platform automates decision-making in real time and supplies precise forecasts. It is also used in dynamic pricing and in customer analyses.
5. Darktrace
Location: London, United Kingdom
Funding Amount: USD 64.000.000
Webpage: darktrace.com
Provider of cyber threat defense systems designed to detect and respond to previously unidentified threats. The company’s cyber threat defense systems include detecting emerging cyber-threats and to proactively defend against in-progress cyber-attacks, enabling clients to defend against evolving threats that bypass all other systems.
6. Arago
Location: Frankfurt am Main, Germany
Funding Amount: USD 55.000.000
Webpage: arago.co
Provider of information technology automation services. The company develops artificial intelligence software for banking and telecommunication sectors. Its products include AutoPilot, CloudPilot, DocMe, BuildMe and MARS-O-matic and its services include WebFarm and CloudFarm.
7. Blippar
Location: India, Turkey, United States, United Kingdom
Funding Amount: USD 54.000.000
Webpage: blippar.com
Provider of augmented reality software for smartphones. The company offers a platform that enables users to turn images into interactive Web experiences, through image-recognition technology.
8. Cambridge Quantum Computing
Location: Cambridge, United Kingdom
Funding Amount: USD 50.000.000
Webpage: cambridgequantum.com
Provider of tools for the commercialization of quantum computers. The company provides cryptography, financial, medicinal, biotech and big data services.
9. Quid
Location: San Francisco, United States of America
Funding Amount: USD 39.000.000
Webpage: quid.com
Provider of a visualization platform designed to offer text-based data analysis. The company’s visualization platform combines search, premium data and high-performance algorithms from news articles, blog posts, company profiles and patents to create visualizations of markets, trends and cultural phenomena, enabling businesses to analyze investment trends, gain competitive intelligence, map innovation as well as make decisions that matter.
10. Rapid Miner
Location: Boston, Massachusetts
Funding Amount: USD 36.000.000
Webpage: rapidminer.com
Provider of data science platform designed to offer predictive analytics built on an open stack. The company’s data science platform allows to build software for real data science, fast and simple, unifies data preperation, machine learning and model deployment, enabling companies to drive revenue, reduce costs and avoid risks.
11. Withings
Location: Issy-les-Moulineaux, France
Funding Amount: USD 33.830.000
Webpage: withings.com
Developer of digital health and wellness smart devices and applications. The company offers software and devices that enable people to monitor and track their personal health data.
12. Nanigans
Location: Boston, Massachusetts
Funding Amount: USD 32.850.000
Webpage: nanigans.com
Developer of an advertising automation software. The company’s online platform offers programmatic media buying, predictive revenue optimization and real-time business intelligence.
13. Graphcore
Location: London, United Kingdom
Funding Amount: USD 30.000.000
Webpage: graphcore.ai
Developer of a processor designed to accelerate machine intelligence learning. The company’s intelligence processing unit emphasizes massively parallel, low-precision floating-point computing and provides higher compute density than other solutions, and the C++ programming framework provides seamless interface to standard machine learning frameworks, with simple integration for existing applications written for Tensorflow, enabling researchers to explore machine intelligences across a much broader front than current solutions.
14. Pyramid Analytics
Location: Amsterdam, The Netherlands
Funding Amount: USD 30.000.000
Webpage: pyramidanalytics.com
Provider of a business intelligence platform designed to simplify the access to information to help organizations optimize their business. The company’s business intelligence platform provides delivers intuitive enterprise level Business Intelligence through an integrated, scalable dashboard and analytic application for all types of business users, providing them with modules that can be accessed through a single, web-based interface.
15. Celonis
Location: New York, United States of America
Funding Amount: USD 27.500.000
Webpage: celonis.com
Celonis offers the most advanced Process Mining tool for analysing & visualizing business processes.
As we might have seen in this article, Europe has a fast growing Artificial Intelligence Industry most of them being in the data analytics market. AI is transforming every industry and process, and Europe is leading the way.
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