New Reports have revealed that last year Venture capitalist has pumped around $9.3M into Robotics startups.
If we look at the AI startups that were funded in 2018, Zoox Inc, a self-driving bagged a whopping $500M funding round. Apart from that, Chinese startup SenseTime Group Ltd, which builds software that recognizes objects and people, has secured the $600M deal. The company has a valuation of worth $4.5B.
But then also the growth is uneven. If the statistics are compared with 2013, fundings in AI startups have decreased even though sudden investments flowed into the startups- an indication that investors are beginning to concentrate their bets on the companies they see as the winners.
While coming to the stats from 2015-2018, there was an annual increase in investment at 28%. The latest improvement partially reflects the frothy funding environment overall: venture investing in the U.S. hit $99.5B last year, the highest level since 2000.
Seed-stage startups deals fell from 39% in 2017 to 30% in 2018.
In recent years, AI technology has evolved since more and more companies started utilizing predictive algorithms and several other automated methods across many disciplines. During the fourth quarter of 2018, the biggest AI deal was bagged by synthetic biology startup Zymergen Inc. The company raised a whopping $400 million.
The company manufactures materials like flexible glass with the help of AI-powered robots and also enhances the existing materials like paint that resists radar detection.