The Top 5 AI Start-Ups in Europe
AI is the fastest-growing sector in European venture capital.
What are the top 5 AI Start-Ups in Europe? It depends on how you evaluate each company. If you’re doing so just based on valuation, this is the list for you.
Investors poured in €1.3 billion in 2017 to fund AI startups in the region. They followed that up with €1.8 billion in 2018. By August 2019, investments in AI startups have already touched €1.9 billion.
Investors are looking to secure an early-mover advantage in AI, a fascinating and disruptive technology with enormous potential.
Here are the top 5 AI Start-Ups in Europe by valuation.
Graphcore (Bristol, England)
Valued at $1.7 billion, this startup is developing the most advanced, next-gen computer processor to facilitate machine learning.
It last raised $200 million in December 2018. Lead investors were Atomico and Sofina.
Darktrace (Cambridge, UK)
Valued at $1.65 billion, Darktrace deploys AI to identify hacks and malicious traffic inside a company’s network.
It raised $50 million in a Series E round led by Vitruvian Partners. Other investors included KKR and TenEleven Ventures.
An on-demand photography platform, Meero use AI to process images and video. It facilitates photographers to find jobs and also handles the post-shoot formalities and procedures.
It raised $230 million in June 2019 in a Series C round led by Eurazeo and Prime Ventures.
Claiming to help set up an Internet of Value, the company is developing an AI-powered blockchain platform for crypto-currencies. The company has its headquarters in London.
It raised €20 million in a Series C3 round in March 2019.
Using a mix of artificial intelligence, big data, and behavioral data, this startup analyzes and provides feedback to a business on the interaction of its users across various online platforms.
The company raised €52.55 million in a Series C funding round led by Eurazeo.
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