Key funded companies using disruptive technologies were mostly located in the US or Asia-Pacific regions
Technology VC investors find most attractive revealed. Source: pixabay.com
According to GlobalData, artificial intelligence (AI) attracted the highest number of venture capital (VC) investors during 2019. Meanwhile, big data and internet-of-things (IoT) led in terms of investors-to-idea ratio and average deal size.
The report unveiled that 2,300 AI startups received funding worth $30 billion from around 4,000 investors during 2019, being the highest among all emerging technologies. Some of last year’s key funded AI companies included US-based Nuro and UiPath, along with Chinese company Megvii Technology.
AI has already made its way through many sectors and virtually no major industries today remain untouched by AI. However, with different companies, industries and countries at different phases of their AI journey, the technology is gearing up to play a bigger role n conjunction with other disruptive technologies
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