The next stage of the Information Revolution is underway, made possible by rapid technological progress that is changing every industry and creating new ones. Europe is particularly well placed to take advantage. Last year, this report highlighted the growing strength of deep tech in Europe. This was no surprise to us at SoftBank. In the last 18 months alone we invested in some of Europe’s most exciting deep tech companies, ARM and Improbable.
|Company||Round size||Lead investor(s)||Round date|
|Graphcore||$50M||Sequoia Capital||Nov 2017|
|Ada Health||$47M||Access Industries||Oct 2017|
|MessageBird||$60M||Accel, Atomico||Oct 2017|
|Shift Technology||$28M||Accel||Oct 2017|
|Sophia Genetics||$30M||Balderton||Sep 2017|
|Improbable||$500M||Softbank Vision Fund||Jun 2017|
|Unity||$400M||Silver Lake||May 2017|
|Babylon Health||$60M||Kinnevik||Apr 2017|
European entrepreneurs are catalysing the development of AI technology and the proliferation of AI-powered applications. As AI reaches an inflection point in adoption, early-stage AI companies will empower buyers that have the vision to embrace them and disrupt those that do not. With 900 AI startups (70% of the US total), world-class talent (a quarter of the world’s top 50 universities) and a flourishing ecosystem for entrepreneurship, Europe has much to contribute as we move to a world that is AI-first.