Investment in startups that create or use artificial intelligence (AI) has reached a historic high of $113.3 billion in 2021 according to Dealroom data. Although this declined to $60 billion in 2022, it has started off this year promisingly, with $13.5 billion invested in the first three months. The launch of ChatGPT by US-based OpenAI in late 2022, which led to disruptions in a variety of sectors, contributed to the increased interest in AI startups. Investors are eyeing vector-database startups, with valuations hitting up to $700 million.
Following are twenty pitch decks used by AI founders from across Europe to attract venture capitalists. These startups offer AI solutions that span from health to property. Some of the companies that have recently secured funding include the generative AI property-buying solution Orbital Witness raising $9 million, supernormal that automates meeting notes securing a $10 million seed round, and ElevenLabs that raises $2 million to generate realistic voiceovers. Another example is Creative Fabrica that raised $61 million after launching AI design tools. Visit the source article to check out the 20 pitch decks.
AI can offer broader use cases than cryptocurrencies, and its benefits have been evident even before the current generative AI hype. The recent boom in investments includes Andreessen Horowitz and ex-GitHub CEO Nat Friedman leading a $18 million round for ElevenLabs, which is anticipated to be valued at $100 million. To date, AI has seen many high-profile investments that indicate its continued growth.
Frequently Asked Questions (FAQs) Related to the Above News
What is the current state of investment in AI startups?
Investment in startups that create or use artificial intelligence (AI) has reached a historic high of $113.3 billion in 2021 according to Dealroom data.
Did investment in AI decline in 2022?
Yes, investment in AI declined to $60 billion in 2022.
How much investment has been made in the first three months of 2023?
$13.5 billion has been invested in the first three months of 2023 in AI startups.
What startup led to increased interest in AI startups?
The launch of ChatGPT by US-based OpenAI in late 2022, which led to disruptions in a variety of sectors, contributed to the increased interest in AI startups.
Which sector in AI startups is attracting the most investors?
Investors are eyeing vector-database startups, with valuations hitting up to $700 million.
Which AI startups have recently secured funding?
Some of the AI startups that have recently secured funding include Orbital Witness that raised $9 million, supernormal that automates meeting notes securing a $10 million seed round, and ElevenLabs that raises $2 million to generate realistic voiceovers.
What are some benefits of AI?
AI can offer broader use cases than cryptocurrencies, and its benefits have been evident even before the current generative AI hype.
Which venture capitalists have made high-profile investments in AI startups?
Andreessen Horowitz and ex-GitHub CEO Nat Friedman have made high-profile investments in AI startups, including leading a $18 million round for ElevenLabs, which is anticipated to be valued at $100 million.
What is the growth potential of AI startups?
The recent boom in investments in AI startups indicates its continued growth potential.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
