What do the world’s most innovative and fastest growing companies have in common? They are in industries with a high level of VC funding. AI equity funding since 2012 is around $30B across 4,250 deals, and deals to AI startups have increased 4.6x in the past five years. Likewise, from 2016 to 2017, VC investment more than doubled, from $5.8B to $12.5B.
Accenture has analyzed five years of VC investment data to discover the AI use cases and technologies that are attracting the most money and will drive enterprise AI innovation. Diego Saenz explains where the top 10 investors in AI are placing big bets.
Diego Saenz is a managing director in Accenture’s Digital Practice, where he leads global teams that deliver innovative digital solutions for some of the world’s biggest companies. His primary focus is on digital transformation and artificial intelligence. Diego has worked in a variety of industries including high tech, consumer products travel, automotive, and retail. Previously, Diego built and sold two successful internet businesses. He received the Inc. 500 award for leading one of America’s fastest-growing private companies.
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