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  • Artificial Intelligence, Deep Tech &

    Venture Capital in Europe

    30 October 2017

  • Dealroom helps corporations, investment firms and governments to track innovative companies and identify

    strategic opportunities, through data-driven software

  • Europes preferred tech research platform

    Founded in 2013 in Amsterdam, Dealroom provides a 360view on Europes high-growth and innovative industries

    Top-tier corporates, venture capital & private equity firms, consultants and banks use Dealrooms software, database and bespoke research to identify & track growth opportunities and stay at the forefront of innovation

    Database access is free with premium & bespoke options

    Manual curation & research by Dealroom

    Machine learning and natural language processing

    15,000+ contributors (founders, VCs, analysts)

    Automatic data feeds and web crawlers

    Combining multiple data sources

    One platform: data, software, bespoke research.

    Daryia Paliksha

    Analyst

    daryia@dealroom.co

    Irina Anihimovskaya

    Analyst

    irina@dealroom.co

    Marco Squarci

    Analyst

    marco@dealroom.co

    Yoram Wijngaarde

    Founder & CEO

    yoram@dealroom.co

    If you like this report and are hungry for more data or tailored research, get in touch!

    3

    https://dealroom.co/register

  • 1. Introduction to AI & Deep Tech

    2. Venture capital funding

    3. Prominent VC-backed companies and exits

    4. Key investors and corporates

    Contents

  • Deep tech: cutting-edge technologies applied to solving complex problems (a subjective term)

    Source: Dealroom.co 5

    RoboticsAviation,

    drones & spaceSemiconductors

    Heavy industry & supply chain

    Internet of Things

    AR / VRArtificial

    Intelligence

  • Artificial Intelligence is pervasive across nearly everyindustry vertical; here are some examples:

    6

    Finance, insurance

    Travel & Transportation

    Health TechMarketing &

    SalesContent &

    AdvertisingeCommerce & Marketplaces

    Security Recruiting Gaming Education

    Enabling software

    Kreditech, Bondit (IL), Blockchain,Riskified (IL)

    AImotive, MobileEye (IL),

    Destygo

    Sophia Genetics,Cardiologs

    Market Logic Software,Vainu.io

    Outbrain (IL)Shopify (Canada),

    Twiggle (IL),Ometria

    Ravelin,Shift

    Technology

    Textkernel,Source{d},Clustree

    Improbable,Cubic Motion,

    Niantic (US)BridgeU

    Hardware Ledger Wallet

    Starship Technologies,

    Navya,Otto (US)

    Aspect Imaging (IL),

    Wandercraft,Bioserenity

    Aldebaran Robotics,

    GBL Robotics (Russia)

    Narrative, Crunchfish,

    Manomotion, Videantis

    Exotec Solutions,RoboCV (Russia)

    Oco, Cocoon,

    Roboteam (IL),Smartfrog

    Healthy Workers

    Primo Toys,3dRudder,Tinkerbots,Razer (US)

    Kano Computing,Blue Frog

    Products & closed systems

    Number26Skyscanner,Comtravo,

    Uniti

    Roivant Sciences, Aifloo,

    Babylon Health

    Swrve (US),Emarsys,

    Mintigo (IL)

    Sparrho,Spotify,

    Facebook (US), Google

    (US)

    Zalando, ASOS,

    Amazon (US),Ebay (US)

    Darktrace,Featurespace

    Jobandtalent, Hiresweet

    NaturalMotionBabbel,

    Viska

    Interfacing (bots, voice, AR/VR, )

    Brolly,Cleo AI,

    Neosurance,TalkBank(Russia)

    German Autolabs,WayRay,

    Nexar (IL),Lola Travel (US)

    MindMaze,Your.MD,

    OrCam (IL)

    Intercom (US), Genus AI,CallDesk

    Blippar, Shazam

    chatShopper,Cortexica,SyteAI (IL),Alexa (US),

    Google Home (US)

    OnfidoJob Pal, Sympl

    Olly, Oculus (US)

    Labster,Lalilo,

    Immersive VR

    Source: Dealroom.co

  • Artificial Intelligence is

    Source: Neota logic 7

    Artificial Intelligence

    Machine learning

    Natural language processing

    Expert systems

    Vision

    Speech

    Planning

    Robotics

    Deep learning

    Supervised

    Unsupervised

    Content extraction

    Classification

    Question answering

    Machine translation

    Image recognition

    Machine vision

    Speech to text

    Text to speech

    Text generation

  • presentation continues on next page

    This report provides only a glimpse into Europes Deep Tech & AI universe. The database contains

    nearly 3,000 companies. Click to open:

    https://dealroom.co/pricinghttps://app.dealroom.co/companies/f/locations/Europe/tags/deep tech?sort=growth_index_unique_rank

  • 1. Introduction to AI & Deep Tech

    2. Venture capital funding

    3. Prominent VC-backed companies and exits

    4. Key investors and corporates

    Contents

  • 1,156M 1,203M

    2,940M

    4,151M

    3,373M 3,672M

    2012 2013 2014 2015 2016 2017E

    1,903M 2,585M

    4,234M

    7,176M 7,471M

    11,388M

    2012 2013 2014 2015 2016 2017E

    Investment focus has shifted towards Fintech, Healthtech, Deep tech, and Enterprise Software

    Investment into B2C verticals such as

    Fashion, Wellness, Taxi, Travel has

    stabilised since 2015. Companies

    focusing on execution & consolidation ...

    Source: Dealroom.co.Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel.

    whereas investment into

    FinTech, HealthTech, Enterprise

    and Deep Tech have seen the

    most growth

    10

    Food

    Fashion

    Wellness

    Travel

    Content

    Deep Tech

    Health

    Fintech

    Enterprise

    Y-axes are not the same scale

  • 9.5 billion invested into European Deep Tech & AI companies since 2012; steep increase since 2017

    Source: Dealroom.co.Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel. 11

    0.4B

    0.8B 0.9B

    1.7B

    2.3B

    4.6B

    121

    229

    368

    556

    702

    589

    2012 2013 2014 2015 2016 2017E

    Total funding ( M)

    Number of rounds

    Click for interactive data online!

    2017 YTD:

    3.4B from 442 rounds

    Roivant $ 1.1bn growth equity

    Improbable $ 502M series B

    Kreditech 110 late VC

    Decline in number of rounds is in line with overall market trend

    towards fewer larger deals

    https://app.dealroom.co/funding-rounds/f/locations/Europe/tags/anyof_deep tech_iot internetofthings/years/2017?showStats=annually&sort=-amounthttps://app.dealroom.co/funding-rounds/f/locations/Europe/tags/anyof_deep tech_iot internetofthings/years/2017?showStats=annually&sort=-amount

  • as a result 17-23% of European VC investment is now AI & Deep Tech related; versus 26-30% in Israel

    Source: Dealroom.co.Note: 2017E is based on 2017 up to Q3 annualised. Europe excludes Israel. 12

    23%

    30%

    10%

    20%

    30%

    40%

    50%

    60%

    2012 2013 2014 2015 2016 2017E

    Europe Israel

    17%

    26%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    2012 2013 2014 2015 2016 2017E

    Europe Israel

    2013 skewed due by Mobileyes $400M growth equity round

    Percentage Deep Tech & AIby VC amount invested

    Percentage Deep Tech & AIby number of VC rounds

    Israel

    Europe

    2017 skewed by:Roivant $ 1.1B

    Improbable $ 502M

    Israel

    EuropeMore capital is going to fewer category winners

    in AI & Deep Tech

  • That 9.5 billion in Deep Tech related investments across multiple market models and industry verticals

    Source: Dealroom.co.Note: Europe excludes Israel. 13

    By market approach(2012 2017 Q3)

    By industry vertical(2012 2017 Q3)

    9.5B

    5.3B

    3.8B

    3.7B

    2.1B

    1.0B

    0.9B

    0.7B

    0.6B

    0.5B

    0.4B

    0.3B

    0.2B

    0.2B

    2.0B 4.0B 6.0B 8.0B 10.0B

    Deep Tech

    ...in combination with

    Artificial Intelligence

    Hardware manufacturing

    SaaS models

    InternetOfThings

    Semiconductors

    Virtual reality

    Developer tools

    eCommerce

    Robotics

    Marketplace

    Meta-search

    Blockchain

    Computer vision

    9.5B

    3.4B

    1.7B

    1.3B

    1.0B

    0.8B

    0.7B

    0.7B

    0.4B

    0.4B

    0.4B

    0.3B

    0.3B

    0.2B

    0.2B

    2.0B 4.0B 6.0B 8.0B 10.0B

    Deep Tech

    ...in combination with

    Data analytics

    Medical healthcare

    Fintech

    Security

    Telecom

    Gaming

    Marketing

    Content

    Advertising

    Home

    Education

    Back office

    Fashion

    Travel

    Similar investment in hardware and

    SaaS models (within Deep Tech)

    Medical, fintech, security are the top verticals

    related withTelecom mainly in relation to IoT and

    Gaming in relation to AR/VR

    Non-VC investments into deep tech advertising are undetected, as they are made from corporate balance sheets (e.g. Facebook, Google)

  • UK is Europes clear leader in Deep Tech, but Israel isstill ahead by total capital deployed since 2012

    Source: Dealroom.co.Note: Europe excludes Israel. 14

    3.5B 3.4B

    1.5B

    1.3B

    1.1B

    0.4B 0.3B 0.2B 0.2B 0.2B 0.2B 0.1B 0.1B 0.1B 0.1B

    Israel UnitedKingdom

    Switzerland France Germany Sweden Ireland Netherlands Finland Spain Austria Belgium Norway Russia Denmark

    Venture capital investment activity

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