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- Industry
- Geography
Artificial intelligence and machine learning applications are certainly going to be the lifeblood of the next industrial revolution and it is almost there. While AI/ML development is largely in its developmental stage, unique inventions by AI and ML startups focussed on AI operating systems, self-learning language processing platforms, and self-driving cars are making a wave in the tech sector. Given its potential to disrupt growth and development scenarios in literally any sector, venture capitalists are jumping on the bandwagon to fund the brains behind the projects. Check out the top 10 venture capitalists investing in AI and ML startups.
Masayoshi Son who owns this Japanese MNC group is known to have devoted 97% of his 'time and mind' to AI development. Its technological development fund, Softbank Vision Fund is the largest in the world at $93 billion out of which $28 billion has gone into AI-focused projects.
It is a US-based private equity fund, largely involved in providing funds to companies in later stages of development. IVP has become a major investor in AI startups with its investments in companies like GitHub, Soundcloud, and Indiegogo. The total investments in AI and ML startups add up to $7 billion.
It is a subsidiary of Two Sigma Investments focussing on early-stage capital that focuses on IT and Computer technology projects aiming at bringing positive change in the world. Amper Music, an AI software for making music for videos based on emotional mapping, Zymergen, an AI software to improve biological manipulation, and Socore, a predictive analytics software are some of the AI companies its funds are parked in.
A US-based VC firm is into AI/ML investments for early-stage projects. Its tech portfolio includes companies that were later acquired by Oracle, Texas Instruments, Blackberry, Walmart, and other corporate biggies. Their biggest investment includes $ 7 million in People.ai, an AI company known for developing applications for revenue optimization.
It is one of the most well-known names among venture capital firms investing in AI. With its humble beginnings in Silicon Valley, California in 2009, it has now reached the status of venture capital unicorn investing in all stages of company development. Apart from raising $30 million for People.ai, it has a dedicated bio fund to help medical AI companies.
The VC subsidiary of Toyota company is aimed at funding AI projects in robotics and autonomous mobility. With $100 million as seed capital, its emphasis lies largely on being able to provide expert advice and guidance from a team of experienced scientists and entrepreneurs. Some of the major projects include elementary robotics, robots for home care, etc.
As a business incubator, they are experts in investing small amounts of money in large numbers of AI/ML startups. After investing $150K twice a year into startups, they focus on strategic planning for 3 months working closely with company experts. The projects it has so invested in include May Mobility, Lyre Bird, Msg.ai, etc.
Having funded 20 AI startups in the last 7 years, it holds the record for backing the most AI companies since 2012. Its main focus lies in funding Big Data companies operating at a global scale. Companies like Plenty, Recursion Pharmaceuticals, and Vicarious are in their portfolio.
An incubator and fund it mainly invests in AI and robotic startups. They are also into partnering with industry experts to provide startups with an environment conducive to their growth, in technology and business realms. The projects which have received their funding include Creator, Iron Ox, Prenav, etc.
A veteran in VC funding is known for choosing companies with the potential for propelling into the next generation. Having joined the AI revolution recently, its investment portfolio includes $650K into AceBot, and projects such as Scale, SigTuple, and Facilio.
