PitchBook-2023年二季度人工智能与机器学习报告（英）

EMERGING

TECH

RESEARCHA

rtificialIntel

l

igence&Mach

ine

LearningRepor

tVC

trendsandemergingopportunitiesQ2REPORTPREVIEWThefull

reportisavailable

throughthePitchBookPlatform.2023ContentsVertical

overview3Institutional

Research

GroupAnalysisQ22023timeline4BrendanBurke

SeniorAnalyst,EmergingTechnologyAI&MLlandscapeGenerativeAImarketmapVC

activity5brendan.burke@6pbinstitutionalresearch@7DataMatthewNacionalesDataAnalystEmergingopportunitiesRetrieval-augmentedgenerationLegalautomation151619222326PublishingReportdesignedby

JuliaMidkiffPublishedonAugust10,2023SelectcompanyhighlightsDatabricksDataRobotWe

areaddingPitchBookExitPredictorprobabilitiesto

ourEmergingTechnologyResearchreports.

PitchBook’sproprietaryVC

ExitPredictor

estimatestheprobabilitythatastartup,orVC-backed

company,

willsuccessfullyIPO,beacquired,ormerge.Thetoolisavailableexclusivelyto

PitchBooksubscribers.Q22023

Artificial

Intelligence&Machine

LearningReportCONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

2Q2

2023

timelineQ2

VC1,365total

dealsApril

27May

23June

13VectordatabaseMicrosoft

announcesFabric,adataanalyticsplatformthatunitesdatafromacrossitsanalyticsservicesto

provideafoundationforAIqueries.OpenAI

announced$19.4Btotal

VC

raisedstartupPineconeraisesa$100.0millionSeriesBwitha3.9xvaluationstep-up.function-callingtoolsforitslargelanguagemodels,enablingdataretrievalandagenticactionsfromitsbasemodels.-5.5%dealvaluegrowthQoQ2023YTDMay

5May

24June

26Tech

CEOsfromAlphabet,Microsoft,andOpenAItestifybeforeCongressregardingAIsafety.DatabaseleaderSnowflake

announcestheacquisitionofDatabaseleader2,809total

dealsDatabricks

announcestheacquisitionofgenerativeAIorchestrationstartupMosaicML

for$1.3

billion.searchstartupNeeva.$39.5Btotal

VC

raised-30.3%dealvaluegrowthYoYQ22023

Artificial

Intelligence&Machine

LearningReportCONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

4AI

&ML

landscape1234HorizontalplatformsVerticalapplicationsSemiconductors$3Autonomousmachines124VC

activ

it

yAI&MLVC

dealactivityVC

dealactivityreboundedinQ2

with$19.4billioninvestedafterQ1’slowdealvalue(apartfromanoutlierdealfromOpenAI).

We

begantrackingStripe

asanAIcompanybasedonitsintegrationof

GPT-4

andinternalusageof

AI,whichdrove

dealvaluehigherwitha$6.9billionventure-growthinvestment.BeyondStripe’s

outlierdeal,OpenAI’s

momentumbenefitedfoundationmodelstartups,spurringmegadealsforInflection,Anthropic,Cohere,Runway,andMistral

AI.Inflectionclosedthelargestearly-stagedealwe

have

trackedforanAIhorizontalplatformcompany,raising$1.3

billionprimarilyto

buildacomputingclusterforpersonalizedAIfoundationmodels.Verticalapplicationfundingremainedtepid,withhealthcarefundingcontinuingto

declineandITapplicationsbarelycrossing$1.0billioninfunding.Hardwarefundinghascontinuedto

setlowssincethestartof

theCOVID-19

pandemicacrossautonomousvehicles,semiconductors,androbotics,withanotableexceptioninphotoniccomputingstartupLightmatter’s

$153.3

millionSeriesC.

Participationof

strategicinvestorsinfoundationmodeldealscandriveVC

dealvaluesgoingforward.8,0247,3086,030$63.35,7105,3172,809$51.12018$46.52019$114.22021$72.92022$39.520202023*Dealvalue($B)DealcountSource:PitchBook

•

Geography:Global

•

*As

ofJune30,2023AI&MLVC

exit

value($B)

by

typeVC

exitvaluecontinuesto

scrapethebottomof

thebarrel,yet

Q2

offeredpositivesignsof

agenerativeAIacquisitiontrend.DatabaseleadersSnowflake

andDatabricks

announcedmajoracquisitions.We

believeSnowflake

paidaround$150.0millionforNeeva,thoughanexactdealvaluewasnotdisclosed.Databricks

pre-emptedaVC

roundforMosaicML

witha$1.3billionacquisitionofferthatintegratescost-effective,open-sourcefoundationmodelswiththecompany’sdatamanagementplatform.MajorIPOscontinuedataregularpaceinChina,withfacialrecognitioncameramakerIntellifusionraising$565.6millioninanIPO.Microsoft’s

recentvictoryinafederalchallengeto

itsacquisitionof

videogamecompanyActivision

Blizzard

mayemboldenfurtherBigTech

M&A.$250$200$150$100$50BuyoutAcquisitionPublic

listing$0201820192020202120222023*Source:PitchBook

•

Geography:Global

•

*As

ofJune30,2023CONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

7Q22023

Artificial

Intelligence&Machine

LearningReportVC

ACTIVITYKey

AI&MLlate-stageVC

dealsby

dealvalue($M)*CompanyClose

date

(2023)SubsegmentDeal

value

($M)Pre-money

valuation

($M)Lead

investor(s)CoreWeaveCohereApril

14June8AI

automationplatformsNaturallanguagetechnologyAI

automationplatformsChips$421.0$270.0$250.0$153.3$141.0$111.6$100.0$99.0$2,100.0$1,750.0N/AMagnetarCapitalInovia

CapitalBuilderMay

23May

31June29April

12April

27May

9QatarInvestmentAuthorityAliya

CapitalPartners,SIP

GlobalPartnersFelicisLightmatterRunway$566.7$1,359.0$850.0$650.0N/AConsumerAIAltruistAI

in

financialservicesAI

coreInsightPartnersPineconeAMP

RoboticsReplitAndreessenHorowitzCongruentVentures,

Wellington

ManagementAndreessenHorowitzIntelligent

roboticsAI

in

ITApril

20June12$97.4$1,062.6$910.0SynthesiaConsumerAI$90.0AccelSource:PitchBook

•

Geography:Global

•

*As

ofJune30,2023Q22023

Artificial

Intelligence&Machine

LearningReportCONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

10VC

ACTIVITYTo

pVC-

andPE-backed

AI&MLcompaniesby

total

VC

raisedto

date*IPOM&Aprobability

(%)NpCompanyVC

($M)

raised

to

dateSegmentCategoryprobability

(%)OpenAI$11,010.1$9,105.0$3,000.0$3,497.4$2,315.1$1,032.0$2,127.9$700.0AI

coreFoundationmodelsPayments19%96%63%89%97%92%N/AN/A2%79%2%2%2%2%2%2%2%N/AN/A2%2%StripeFinancial

servicesAutonomousvehiclesAI

automationplatformsIntelligent

roboticsIntelligent

roboticsFinancial

servicesProcessordesignAI

coreWaymoAutonomousvehicle

designDatabasemanagementDrones35%9%DatabricksAnduril1%NuroIndustrialrobotsIntelligent

bankingInference6%JD

DigitsN/AN/A96%38%Horizon

RoboticsInflectionSambaNova

Systems$1,565.0$1,136.6FoundationmodelsTraining/InferenceProcessordesign60%Source:PitchBook

•

Geography:Global

•

*As

ofJune30,2023Note:Probability

data

basedonPitchBookVC

ExitPredictor

methodology.Q22023

Artificial

Intelligence&Machine

LearningReportCONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

14SELECT

COMPANY

HIGHLIGHTS:

DATABRICK

SOverviewFoundedin2013,Databricks

offersadatascienceplatformthatincludesAI-as-a-service(AIaaS)functionalitywithasuiteof

datasciencetoolsfordataengineering,datawarehousing,andMLalgorithms.Thecompanygrewoutof

theopen-sourceApacheSparkdatasciencecommunityandcreatedanextensibleproduct,calledtheUnifiedDataAnalyticsPlatform,thatcaningestdatafromenterprisesilosandprepareitforcluster-basedcomputing.Onceaneffectiveopen-sourceproductwasinplace,thecompanymovedto

aclosed-sourcemodelandrapidlyincreasedrevenuebeginningin2016.FoundedLastfinancingvaluationLead

investor(s)2013$38.0BCounterpointGlobal,FranklinTempleton

Investments,AndreessenHorowitz,NEADatabricks

nowoffersaproductsuiteontopof

ApacheSparkthatincludesanAIplatformcalledLakehouseAIoptimizedforgenerativeAIwithdatastorage,amodeltrainingpipeline,andmodelservingandmonitoring.Italsoincludesadatalake,whichintegratesunstructureddatainacentraldatabaseforanalytics,anddatasecurity.ThecompanyhasfocusedonthegenerativeAIopportunity,trainingacustomLLM

calledDollythatcanrunmoreefficientlythanGPT-4

andachievecompetitiveresultsonquestion-answeringtasks.Themodelisopen-sourceandrapidlygrewto

10,000GitHub

stars.Thecompanyisaddingto

itsinfrastructurecapabilitiesaswellbyacquiringAIdatastoragestartupRubicon,hardwareaccelerationstartupMosaicML

for$1.3

billion,andAIdatagovernancestartupOkera.We

believethecompanyissurpassingitspeerSnowflake

inAIcapabilities.EmployeesLastfinancing4,860Raised$1.6BinaSeriesHTotal

raised$3.5BFebruary

2020LeaderinGartnerMagicQuadrantforDataScienceandMachineLearningPlatformsQ22023

Artificial

Intelligence&Machine

LearningReportCONFIDENTIAL.

NOT

FOR

REDISTRIBUTION.

PG

23PitchBook

Data,Inc.John

Gabbert

Founder,CEONizarTarhuni

VicePresident,InstitutionalResearchPaulCondraHeadofEmergingTechnologyResearchAbout

PitchBookAdditional

researchEricBellomoeric.bellomo@GamingE-CommerceDerekHernandezderek.hernandez@EnterpriseSaaIndustr

y

and

Technolog

yAliJavaheriali.javaheri@EmergingSpacResearchBrendanBurkebrendan.burke@InternetofThingsInformationSecurityArtificialIntelligence&MachineLearningRobertLerobert.le@InsurtechIndependent,objective,

andtimely

market

intelCryptoAaronDeGagneaaron.degagne@MedtechAs

theprivatemarketscontinueto

growincomplexityandcompetition,it’sessentialforinvestorsto

understandtheindustries,sectorsandcompaniesdrivingtheassetclass.JohnMacDonaghjohn.macdonagh@Carbon&EmisDigitalHealthCleanEnergy

TOurIndustryandTechnologyResearchprovidesdetailedanalysisofnascenttechsectorssoyoucanbetternavigatethechangingmarketsyouoperatein—andpursue