Artificial Intelligence New funding opportunities
Artificial Intelligence as a technology was the most talked about in 2018 in the Indian startup ecosystem. Be it in ecommerce, fintech, banking, surveillance, customer service and support, big data, or analytics, or from intelligent shopping assistants to helpful conversational bots, Artificial Intelligence is finding wider usage in our daily lives and will continue to do so.As per Inc42 DataLabs H1 2018 report, the sector picked up by 100% in H1 2018 in comparison to H2 2016, in terms of deals. With Bengaluru being the major breeding ground for AI startups in India, about $87.85 Mn was raised across 58 deals in the Artificial Intelligence space. In 2018, the biggest amount of funding raised by an Indian Artificial Intelligence startup was bagged by Big Data startup Qubole that raised $25 Mn in a funding round led by Singtel Innov8, Harmony Partners among others. Next came customer data analytics software company Flytxt that raised about $11 Mn funding from DAH Beteiligungs GmbH. The Artificial Intelligence sector also saw quite a few acquisitions this year as well because of rising interest in the space both from homegrown and foreign companies alike. In the month of March, e-Zest Solutions, a digital transformation solutions provider acquired SmarterMe, a personal assistant for sales powered by an intelligent mobile platform that is enabling salespeople at small businesses to Fortune 500 enterprises to work smarter. Similarly, Chinese mobile Internet company APUS Group acquired Artificial Intelligence-driven photography curation platform SIFTR Labs for an undisclosed amount, hinting towards the continued interest of global players in building their arsenal of machine learning technologies. Starter-up.com, acquires as a priority of 2018 the best projects in the Artificial Intelligence sector By starter-up.com digital international brokerage services platform (service protected by international NDA) we connect successful entrepreneurs with qualified investors from all over the world who have been admitted to our systems. If you have innovative ideas, a fantastic project to present to obtain financing and seek credit and visibility don’t hesitate to contact our office.