RUSH

THE
ARTIFICIAL
INTELLIGENCE
A comprehensive study of +270 fundraising
rounds in 2016 for AI & Data driven startups

Jean-Baptiste Dumont Léa Verdillon Eric Gossart

@jbdumont @lverdillon @egossart
Partner Associate Associate

21 rue auber, 75 009, Paris

contact@serenacapital.com
+33 1 77 37 30 30
 A LEADING INVESTOR IN
ARTIFICIAL
INTELLIGENCE

80 M€ dedicated to AI and Big Data Startups

10+ investments in less than 2 years

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 DATA IS
EVERYWHERE In our portfolio…

Mobility Security Retail Healthtech Construction Fintech

Analytics

All sectors are impacted by data and Artificial Intelligence:

vertically and horizontally

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

THE ARTIFICIAL
INTELLIGENCE RUSH

KEY FINDINGS

THE INTELLIGENCE ARTIFICIAL RUSH

 EUROPEAN
SNAPSHOT +280% OF STARTUPS FINANCED BETWEEN
2014 AND 2016

TOTAL FUNDRAISING IN EUROPE NUMBER OF FUNDRAINSING ROUNDS IN EUROPE

271
$611M
$583M $774M

71 83

2014 2015 2016 2014 2015 2016

NUMBER OF STARTUPS FUNDED AVERAGE ROUND SIZE OF STARTUPS FUNDED

271 AI & DATA 3,7 $ million

*STARTUPS FUNDED* *RAISED ON AVERAGE*
Excluding undisclosed rounds
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 FUNDRAISING IS
BOOMING NUMBER OF STARTUPS HAVING RAISED FUNDS GREW
European Snapshot – Number of BY 230% BETWEEN 2015 AND 2016
startups

108

38 37 38

26
19
11
7

UK France Nordics Germany

2015 2016
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 FUNDRAISING IS
BOOMING FRANCE AND UK LEAD THE
European Snapshot – Amount GAME
invested ($m)

$388m

$176m

$118m
$94m $93m $84m $91m
$70m

UK France Nordics Germany

2015 2016

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 LATE STAGE
STARTUPS EMERGED IN THE UK, HALF OF INVESTMENTS MADE ARE IN

IN THE UK GROWTH STAGE STARTUPS ($m)

$64M
88
$54M

$40M
118
94 93 84 91
70
$30M
France Nordics Germany

2015 2016
$188M
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 EARLY STAGE
INVESTMENTS A MASSIVE TREND IN EVERY COUNTRY

BOOMED STUDIED

#United Kingdom #France #Germany

2014 2015 2016 2014 2015 2016 2014 2015 2016

$0-1M 5 3 39 $0-1M 3 4 12 $0-1M 1 12
$ >1 - 5 M 11 14 24 $ >1 - 5 M 5 12 17 $ >1 - 5 M 5 6 8
$ >5 - 10 M 5 2 11 $ >5 - 10 M 1 6 $ >5 - 10 M 2 2 3
$ >10 - 20 M 4 2 $ >10 - 20 M 1 $ >10 - 20 M 2 2
>$ 20 M 2 3 4 >$ 20 M 2 >$ 20 M 3 1
Total 23 26 80 Total 9 19 35 Total 11 11 25

#Nordics #Rest of Europe

2014 2015 2016 2014 2015 2016

$0-1M 2 1 13 $0-1M 2 5 18
$ >1 - 5 M 3 3 13 $ >1 - 5 M 5 10 16
$ >5 - 10 M 4 4 $ >5 - 10 M 5 1 6
$ >10 - 20 M 3 2 $ >10 - 20 M 5 2
>$ 20 M 2 >$ 20 M 2
Total 11 7 32 Total 17 20 40
*Excluding undisclosed rounds
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 EARLY STAGE
INVESTMENTS $215M INVESTED IN 170 EARLY STAGE

BOOMED
STARTUPS

NUMBER OF INVESTMENTS PER ROUND SIZE TOTAL AMOUNT PER ROUND SIZE

93
347

77
283
261

45 178
169162
137
29 123
111
23
72 79
16
13 13 11 44
9 7 8 7 36
6 6
6 6

€ 0-1 M € 1-5 M € 5-10 M € 10-20 M > € 20 M € 0-1 M € 1-5 M € 5-10 M € 10-20 M > € 20 M
2014 2015 2016 2014 2015 2016
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 AI IS COMING
France - Panorama

First European Data & AI

fund - 80M€ fund

Number of startups funded (cum. Since 2014)

Supporting layer
Investments > 5m€

66
Number of startups funded since 2014

41

18

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2014 2015 2016

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 MAIN FOCUS
In 2014 – 2015 – Number of
funded startups in Europe IN 2014 AND 2015, THE FOCUS OF DATA AND
AI WAS ON MARKETING

19
Customer Insights

17 36%
AdTech

10
Sales & Marketing

10
Horizontal Software

10
E-Commerce

9
Health

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 MAIN FOCUS
In 2016 – Number of funded
startups in Europe IN 2016, THE REAL WORLD
STARTED TO GET AI-IFIED

30
AI Tech (*)

Sales & Marketing

28 31%
27
Health

22
Analytics

20
Fintech

19
Customer Insights *AI technologies include all technologies using NLP, Speech and Voice recognition.
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 AI-IFICATION OF THE
REAL WORLD

HEALTH AGRICULTURE ENVIRONMENT RETAIL

$68M $22M $21M $9M

$120M INVESTED IN NON TECH RELATED SECTORS IN 2016

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 AI-IFICATION OF THE
REAL WORLD
Funding in $m

Real world

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 AI UNLEASHES
PRODUCTIVITY &
FOSTERS NEW …With access to new data and thanks to interpretation
capabilities, AI is much more than replacing humans with
SERVICES robots.

Hello, what
can I help
you with?

#Industry: Automated visual inspection

#Customer service:
Automated answers

#Health: Automated sport

and nutrition coaching

#Finance: Algorithmic
investment strategy
#Transportation: Local delivery Less than 5% of
by autonomous vehicles
startups are replacing
#Human Resources: human jobs
Automated headhunting

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

THE ARTIFICIAL
INTELLIGENCE RUSH

APPENDIX
 OUR
METHODOLOGY

WE ANALYZED 2800+ FUNDRAISING ROUNDS WHICH OCCURED IN 2016 IN EUROPE

WE IDENTIFIED 271 DATA AND ARTIFICIAL INTELLIGENCE STARTUPS

WE THEN CLASSIFIED THEM IN OUR DATA CHAIN ACCORDING TO 5 ATTRIBUTES

Collection Interpretation

Actionnable Data

Storage Processing

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 THE DATA CHAIN
Last year, we introduced the “data chain”, where
AI or Data Driven startups can be classified
according to 5 attributes

Digital
Layer

Collection Interpretation Actionable data

Physical
Layer
Storage Processing

www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH

 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Ad Tech Cablato UK $0-1M • •

Ad Tech Ogury UK $ 10 - 20 M •
Ad Tech Realytics France $0-1M • •
Ad Tech TVTY France undisclosed • • •
Agriculture 30MHz Nordics $0-1M • •
Agriculture Birds.ai Nordics undisclosed • • •
Agriculture Connecterra Nordics $1-5 M • •
Agriculture Delair-Tech France $ 10 - 20 M • • •
Agriculture ec2ce easy to see Rest of Europe $0-1M • • •
Agriculture Gamaya Rest of Europe $1-5 M • • •
Agriculture KisanHub UK $0-1M •
AI Tech Aaron.ai Germany undisclosed • •
AI Tech Anyline Rest of Europe $1-5 M • • •
AI Tech AX-Semantics Germany undisclosed • •
AI Tech AYLIEN Rest of Europe $0-1M • •
AI Tech Bloomsbury AI UK $0-1M • •
AI Tech chatShopper Germany $0-1M • •
AI Tech Chronocam France $ 10 - 20 M • •
AI Tech Codec UK undisclosed • •
AI Tech Cortical.io Rest of Europe $1-5 M • •
AI Tech Cyra UK $0-1M • • •
AI Tech dixa Nordics $0-1M • •
AI Tech e-bot7 Germany $0-1M •
AI Tech Echobox UK $1-5 M • • •
AI Tech Emotech LTD UK $ 5 - 10 M • •
AI Tech Insightness Rest of Europe undisclosed • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

AI Tech Jam France $1-5 M •

AI Tech Julie Desk France $0-1M •
AI Tech lewis.ai UK undisclosed •
AI Tech parlamind Germany $1-5 M •
AI Tech Recast.AI France $1-5 M • • •
AI Tech Rezatec UK $1-5 M • •
AI Tech SearchInk Germany $1-5 M • •
AI Tech Smartly.ai France $0-1M • • •
AI Tech Terraloupe Germany $0-1M • • •
AI Tech Trint UK undisclosed • • •
AI Tech Twenty Billion Neurons Germany $1-5 M • • •
AI Tech Unibap Nordics $1-5 M • • • •
AI Tech Visii UK undisclosed • •
AI Tech Zegami UK undisclosed • • •
Analytics 5Analytics Germany $0-1M • • •
Analytics Ampliphae Ltd UK $1-5 M • •
Analytics Apperio UK $1-5 M • • •
Analytics AVUXI UK $0-1M • •
Analytics Beatroot Music UK $0-1M •
Analytics Black Swan Data UK $ 5 - 10 M • •
Analytics Blis UK >$ 20 M • • •
Analytics Cognitive Logic UK $1-5 M • •
Analytics Dataiku France $ 10 - 20 M • • • • •
Analytics Datumize Rest of Europe $1-5 M • • •
Analytics Essentia Analytics UK $0-1M • •
Analytics Fabacus UK $1-5 M • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Analytics Flock UK $0-1M • •

Analytics Gluru UK undisclosed • • •
Analytics Inspirient Germany $0-1M • •
Analytics Iris AI Rest of Europe $0-1M • •
Analytics Media Distillery Nordics $0-1M • •
Analytics Modcam Nordics $1-5 M • •
Analytics Movvo Rest of Europe $ 5 - 10 M • •
Analytics Peak UK $1-5 M • •
Analytics Signal Media Ltd UK $ 5 - 10 M • • •
Analytics Unomaly Nordics $ 5 - 10 M • • •
Automotive BestMile Rest of Europe $1-5 M • • • • •
Automotive Drust France $1-5 M • • •
Automotive Enerfy Nordics $1-5 M • •
Automotive German Autolabs Germany $1-5 M • • •
Automotive Machines With Vision UK $0-1M • • •
Automotive Springworks AB Nordics $1-5 M •
Automotive ULU Nordics $1-5 M •
Automotive WayKonect France $1-5 M •
Blockchain Blockchainiz.io France $0-1M •
Blockchain BlockVerify UK undisclosed • •
Blockchain Cashaa UK $0-1M
Blockchain Coinify ApS Nordics $1-5 M •
Blockchain Credits UK $0-1M
Blockchain Electron UK $0-1M • • •
Blockchain Elliptic UK $1-5 M •
Blockchain FXCH Ltd. Rest of Europe undisclosed •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Blockchain MatchUpBox France $0-1M •

Blockchain Stratis UK $0-1M • •
Blockchain Stratumn France $0-1M • • •
Blockchain VChain Technology UK $0-1M • • •
Blockchain Verity.io UK undisclosed • • •
Customer Insight Behavox UK undisclosed •
Customer Insight Blurrt UK $0-1M • •
Customer Insight CONCURED UK undisclosed • •
Customer insight Dictanova France $1-5 M • • •
Customer insight Digital Fineprint UK $0-1M • •
Customer insight DigitalGenius UK $ 5 - 10 M • • •
Customer insight illumr UK undisclosed • •
Customer insight iotec UK $1-5 M • • •
Customer insight Keypla UK undisclosed • • •
Customer insight Linkfluence France $ 10 - 20 M • • •
Customer insight Now Interact Nordics $1-5 M •
Customer insight Presence Orb UK $0-1M • • •
Customer insight Qubit UK >$ 20 M • • •
Customer insight Qumram Rest of Europe $1-5 M • •
Customer insight rais UK $0-1M • • •
Customer insight Ravelin UK $1-5 M • • •
Customer insight Real Impact Analytics Rest of Europe $ 10 - 20 M • •
Customer insight Sépage France $0-1M • • •
Customer insight Sensum UK $0-1M • •
Cybersecurity Nozomi Networks Rest of Europe $ 5 - 10 M • •
Cybersecurity RepKnight UK undisclosed • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sector Name Country Raised Amount ($k) Storage Processing Collection Interpretation Actionnable Data

Data distribution Cozy Cloud France $1-5M • • •

Data distribution Dawex France $1-5M • •
Data distribution Deckard A.I. Germany undisclosed • • •
Data distribution OpenDataSoft France $ 5 - 10 M • •
Data distribution PieSync Rest of Europe $1-5M •
Database ArangoDB Germany $1-5M • •
Database intelligent views Germany undisclosed • •
Database MariaDB Corporation Nordics $ 5 - 10 M •
e-Commerce Dream It Get IT LTD UK undisclosed • •
e-Commerce Fashwell AG Rest of Europe undisclosed •
e-Commerce WorkIT Software France $1-5M •
EdTech CENTURY Tech UK $1-5M • •
Energy Deepki France $1-5M • • •
Energy Eliq Nordics $0-1M •
Energy Energyworx Nordics $1-5M • • •
Energy Watty Nordics $1-5M • • •
Environment Enevo Nordics $ 10 - 20 M • • •
Environment Plume Labs France $1-5M • • •
e-Sport DOJO Madness Germany $1-5M •
e-Sport Pandascore France $0-1M • • •
Fintech Aesthetic Integration Ltd UK $1-5M • • •
Fintech Aire UK $1-5M • • •
Fintech Almax Analytics UK undisclosed • • •
Fintech AQMETRICS Rest of Europe $1-5M • • •
Fintech BrightFlag Rest of Europe $1-5M • •
Fintech CityFALCON UK $0-1M • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sector Name Country Raised Amount ($k) Storage Processing Collection Interpretation Actionnable Data

Fintech Compensation2Go GmbH Germany $1-5M • •

Fintech ComplyAdvantage UK $ 5 - 10 M • • •
Fintech CrediWire Nordics $0-1M •
Fintech Crowdsurfer UK undisclosed •
Fintech Cunesoft GmbH Germany undisclosed • •
Fintech DUNFORCE Rest of Europe $0-1M • • •
Fintech Financial Network Analytics UK $0-1M • •
Fintech FintecSystems Germany undisclosed •
Fintech Fiskl Limited UK undisclosed • • •
Fintech Seratio UK $1-5M • •
Fintech Tradeworks.io Nordics $0-1M • •
Fintech Turnkey Lender Nordics $0-1M • •
Fintech Walnut Algorithms France $0-1M • •
Fintech WealthArc, Inc. Rest of Europe $1-5M • • •
Health 1Drop Diagnostics Rest of Europe $0-1M • •
Health Adjuvo Motion Nordics $0-1M • •
Health Aifloo Nordics $1-5M • •
Health Amiko Rest of Europe undisclosed • •
Health Arthro Therapeutics Nordics $1-5M • •
Health Ava Rest of Europe $ 5 - 10 M •
Health Babylon Health UK >$ 20 M • • • • •
Health BrainWaveBank UK $0-1M • •
Health Cisiv UK undisclosed • •
Health Clue App Germany $ 10 - 20 M • •
Health connected health Germany undisclosed
Health Desktop Genetics UK undisclosed • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Health Distillr UK $0-1M •

Health Eagle Genomics UK $1-5 M • • •
Health Eyra Rest of Europe $0-1M • • •
Health FitSense UK $0-1M • • •
Health FitWell UK undisclosed • • •
Health Healcloud Rest of Europe $1-5 M •
Health healthbank innovation AG Rest of Europe $0-1M •
Health Infermedica Rest of Europe undisclosed • • •
Health Lytics Nordics $0-1M • • •
Health MEDIKTOR Rest of Europe undisclosed • • •
Health Netmedi Nordics $0-1M • •
Health Repositive Ltd UK $0-1M •
Health SCARLETRED Holding GmbH Rest of Europe $0-1M • • •
Health Sleep.ai Nordics undisclosed • • •
Health snap40 UK $1-5 M • • •
Horizontal ConnecThink Rest of Europe $0-1M • • •
Horizontal Crystal Apps Ltd. UK $0-1M • • •
Horizontal Mentat Innovations UK $0-1M • •
Horizontal Nodelab Rest of Europe $0-1M •
Horizontal PROWLER.IO UK $1-5 M • • •
Horizontal Ripjar UK undisclosed • •
Horizontal Saagie France $1-5 M • •
Horizontal Seldon UK undisclosed • • •
Horizontal source{d} Rest of Europe $ 5 - 10 M • •
Horizontal Warwick Analytics UK $1-5 M • • •
Human Ressources 12grapes Germany undisclosed • • •
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 <DATA - AI STARTUPS/>
Sector Name Country Raised Amount ($k) Storage Processing Collection Interpretation Actionnable Data

Human Ressources Relink Nordics undisclosed • • •

Human Ressources StatusToday UK undisclosed • •
Industry Micropsi Industries Germany $0-1M • • •
Industry Scortex France $0-1M • • •
Industry Sensed.io Germany $0-1M • •
Industry Senseye UK $0-1M • • •
Industry Sky-Futures UK $ 5 - 10 M • •
Industry Tellmeplus France $1-5M • •
Industry Trendminer Rest of Europe $1-5M • • •
IoT Audio Analytic UK $1-5M • •
IoT Device Authority UK undisclosed •
IoT Dynamic Components Germany $0-1M • •
IoT Favendo Germany undisclosed •
IoT Ground Drone Ltd UK $0-1M • •
IoT HAL24K Nordics undisclosed • •
IoT Hoxton Analytics UK $0-1M • •
IoT KONUX Germany $ 5 - 10 M •
IoT Pycom UK $0-1M • •
IoT Relayr Germany >$ 20 M •
IoT Sensorberg Germany undisclosed •
IoT Wia Rest of Europe undisclosed •
IoT Zenodys Nordics $0-1M •
IT CloudNC UK $0-1M •
IT Dataloop.IO UK $1-5M •
IT deepstreamhub Germany $0-1M • •
IT Extracty Germany $0-1M •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

LegalTech Doctrine France $1-5 M • •

Logistics Ai Build UK $0-1M • • •
Logistics Blueboard.it France undisclosed • •
Logistics Caragon Ltd. Rest of Europe undisclosed • • • •
Logistics Shippeo France $1-5 M • •
Logistics Starship Technologies UK undisclosed • • •
Logistics TeleRetail AG Rest of Europe $0-1M • • •
Music Nami Lab Rest of Europe $0-1M •
Processing Bigstep UK $1-5 M • •
Processing Data Artisans Germany $ 5 - 10 M • • • •
Processing Exoscale Rest of Europe undisclosed •
Processing Graphcore UK >$ 20 M •
Processing Magic Pony Technology UK undisclosed •
Retail AllUnite Nordics undisclosed •
Retail Fidzup France $1-5 M •
Retail Inabe Germany $0-1M •
Retail Innorange Oy Nordics $0-1M • •
Retail InovRetail Rest of Europe undisclosed • •
Retail Roamler Nordics $ 5 - 10 M •
Sales & Marketing Adabra Rest of Europe $1-5 M • •
Sales & Marketing Adestra UK $ 5 - 10 M • • •
Sales & Marketing Air France $0-1M • •
Sales & Marketing AntVoice France $1-5 M • • •
Sales & Marketing Appsumer UK $0-1M • •
Sales & Marketing Blackwood Seven Nordics $ 10 - 20 M • •
Sales & Marketing Blippar UK >$ 20 M • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Sales & Marketing Botify France $ 5 - 10 M • • •

Sales & Marketing Brand24 Rest of Europe $0-1M • •
Sales & Marketing Building Radar Germany undisclosed • • •
Sales & Marketing Climber Hotel Rest of Europe undisclosed
Sales & Marketing CrossEngage Germany undisclosed • •
Sales & Marketing Crowdynews Nordics $1-5 M • •
Sales & Marketing Darwin Pricing Rest of Europe $0-1M • •
Sales & Marketing DigitalBridge UK $0-1M • •
Sales & Marketing Dynamitick Rest of Europe $0-1M • •
Sales & Marketing Gasolead France undisclosed • •
Sales & Marketing GEENEE Germany $1-5 M •
Sales & Marketing Gestoos Rest of Europe $0-1M • •
Sales & Marketing Idio UK $1-5 M • • •
Sales & Marketing KOMPAS UK undisclosed •
Sales & Marketing Mettrr UK $0-1M • •
Sales & Marketing Phrasee UK $1-5 M •
Sales & Marketing Price Trakker UK undisclosed •
Sales & Marketing Red Points Rest of Europe $1-5 M • • •
Sales & Marketing ScriptBook Rest of Europe $1-5 M •
Sales & Marketing Searchmetrics Germany $ 5 - 10 M • • •
Sales & Marketing Storyzy France $0-1M
Security Ascema UK undisclosed • •
Security baimos technologies Germany undisclosed • •
Security Calipsa UK $0-1M • • •
Security CONIAS Risk Intelligence Germany $0-1M • •
Security CounterCraft Rest of Europe $1-5 M • • •
www.serenacapital.com | @serenacap THE ARTIFICIAL INTELLIGENCE RUSH
 <DATA - AI STARTUPS/>
Sec tor Nam e Country R aised Am ount ($k) Storage Proc essing Collec tion Interpretation Ac tionnable Data

Security CyberSparta UK $0-1M • • •

Security Darktrace UK >$ 20 M • • •
Security DataDome France undisclosed • •
Security DFLabs Rest of Europe $ 5 - 10 M • • •
Security EclecticIQ Nordics $ 5 - 10 M • • •
Security Featurespace UK $ 5 - 10 M •
Services CheckRecipient UK $0-1M • • •
Services Context Scout UK $1-5 M
Services Digi.me UK $ 5 - 10 M • •
Services JANZZ.technology Rest of Europe $0-1M • • •
Transport ViriCiti Nordics $0-1M • • •

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THE ARTIFICIAL
INTELLIGENCE RUSH

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 RUSH
THE
ARTIFICIAL
INTELLIGENCE
A comprehensive study of +270 fundraising
rounds in 2016 for AI & Data driven startups

Jean-Baptiste Dumont Léa Verdillon Eric Gossart

@jbdumont @lverdillon @egossart
Partner Associate Associate

21 rue auber, 75 009, Paris

contact@serenacapital.com
+33 1 77 37 30 30