Artificial Intelligence Sector Overview – Q1 2019

This blog post examines the different components of the artificial intelligence (AI) ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Machine Learning Applications Is The Largest Artificial Intelligence Category

Let’s start off by looking at the Sector Map. We have classified 2497 AI startups into 13 categories. They have raised $60B from 3420 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Artificial Intelligence Logo Map
Artificial Intelligence Logo Map

We see that Machine Learning Applications is the largest category with 943 companies. These companies utilize self-learning algorithms to optimize vertically-specific business operations. Examples include using machine learning to detect banking fraud or to identify relevant sales leads. Some example companies are Sift Science, SparkCognition, Sumo Logic, and BenevolentAI.

Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.

The Pioneers and Disruptors Quadrants Have the Most Artificial Intelligence Categories

Our Innovation Quadrant divides the AI categories into four different quadrants.

Artificial Intelligence Innovation Quadrant
Artificial Intelligence Innovation Quadrant

We see that both the Pioneers and Disruptors quadrants have the most number of AI categories at 6, each accounting for 46% of all AI categories. The Speech-to-Speech Translation category has the highest average age, and the Recommendation Engines category has the highest average funding. On the other hand, the Context Aware Computing and Virtual Assistants categories are low on both average funding and age.

To learn more about our complete artificial intelligence dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

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