Investing in artificial intelligence has become more and more prevalent over the last 5 years, and articles in the Financial Times, TechCrunch, WIRED, and elsewhere tout an era of heightened interest in machine learning and artificial intelligence-oriented companies.
We at TechEmergence set out to ask the questions: “What do company founders themselves think? How is the investor sentiment toward artificial intelligence companies?”
Thankfully, our hundreds of interviews (on our podcast and otherwise) have given us a wide network of executives and founders in AI-related companies. We reached out to 35 such company leaders to share their experiences raising funds.
You can see a full list of the answers to our “AI Investor Sentiment” question below in our large infographic. If you’d like to see the full list of responses from our entire 2016 AI Startup and Executive Consensus (including key data about the responding companies, including number of employees and amount of venture funding raised), download our complete AI Startup Consensus data set here.
On the aggregate, it seems as though most of the companies report a relatively positive investor sentiment around their venture, and it seems clear that part of the challenge for AI companies today includes (a) providing investors with evidence that AI has changes since the last wave of AI hype, and (b) explaining artificial intelligence in a way that convinces investors of both it’s business application and it’s basic functions in the company.
The future sentiment around AI investments may have as much to do with the success of today’s companies (nothing raises confidence like success) as it does with the improvements in specific AI use-cases in business. It will be interesting to see how these trends change in the coming years.
Related TechEmergence Interviews:
- Artificial Intelligence and the Power of Foresight – with Eyal Amir, CEO of ParkNav
- Insights on the Symbiotic Relationship Between Data Science and Industry – with Lukas Biewald, CEO of Crowdflower
- How Cognitive Computing Can Change the Nature of Business Operations – with Praful Krishna, CEO of Coseer
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[This article has been updated as of December 2016 to reflect new research and industry progress in the artificial intelligence field.]
Image credit: http://gahanagriha.com/