2018 EDITION
A comprehensive study of +605 fundraisings rounds in 2017 for AI & data-driven startups
Made with
by
Jean-Baptiste Dumont
@jbdumont
Partner
Eric Gossart
@egossart
Associate
Léa Verdillon
@lverdillon
Associate
Sébastien Le Roy
@SebastienLe_Roy
Associate
THE ARTIFICIAL INTELLIGENCE RUSH
2018 EDITION
During the 15th century, Chinese civilization was probably the most advanced in the world. By
1433, the Chinese admiral Zheng He had already sailed from China to India, Indonesia, and
even Africa on caravels twice as large as those Christopher Columbus used 59 years later
for his fateful journey. China could have been the country to discover America. Instead, its
government surprisingly decided to put an end to its naval activities and burn its entire fleet
of ships, indirectly allowing Spain to conquer America and bring prosperity to Europe. It took
more than 5 centuries for China to recover from this political decision. What could make such
an advanced country deliberately turn away from its future? Officially, Chinese elites decided
to cease naval exploration for budgetary reasons. But in reality, they burned their fleet of 317
ships because of the new wealth and power bestowed upon a rising class of merchants,
seeing this change as a threat to their internal stability (and likely to their sovereignty).
AI is an extremely powerful trend. It offers humans and machines a brand-new perspective
thereby fueling changes that disrupt our economy today and tomorrow will impact our society
as a whole. China is currently leading the AI race, spending nearly half (48%) of the $12.5
billion to be invested globally in 2017 (*). Europe is lagging behind but experiencing some
strong momentum (+190% YoY), with $2.3 billion invested in AI startups in 2017. In the EU,
the AI ecosystem has created 32,000 jobs at 888 amazing VC backed companies ❤️, up
from zero just 5 years ago.
The time for AI adoption has come. For European policymakers, it’s more a matter of how the
EU will use AI as a competitive edge and lever for society than pouring money into its
development. With populism and isolationism in full swing, the AI revolution must be
legitimized and guided by our institutions, so it can be accepted by the population and keep
us from falling into technological obscurantism.
The faster and the smoother the EU adopts AI, the more advanced it will be compared to
other nations.
Jean-Baptiste Dumont, Partner @Serena
2
(*)Source : CB Insights
----For the third consecutive year, Serena has published its annual report on AI and datadriven fundraising rounds. This study provides an overview of “deep tech” startups in
Europe.
-----
Data & AI ventures backed by Serena
www.serenaca.vc
|
@serenavc
3
THE AI RUSH - 2018
THE AI RUSH
4
GIMME! GIMME! GIMME! MORE… DATA
2 255
TOTAL
FUNDRAISING
583
611
2014
2015
774
$M
2016
2017
585
# NUMBER OF
ROUNDS
VENTURES FUNDED
www.serenaca.vc
|
@serenavc
5
271
71
83
2014
2015
2016
2017
THE AI RUSH - 2018
THE 2 BILLION DOLLAR MARK HAS BEEN SMASHED! 💥
TOTAL FUNDRAISING IN EUROPE ($M)
585
rounds
2 255
NUMBER OF DEALS
271
rounds
71
rounds
83
rounds
583
2014
www.serenaca.vc
|
@serenavc
611
2015
6
774
2016
2017
THE AI RUSH - 2018
HEY UK, CAN YOU HEAR US FROM UP THERE? ⛰️
NUMBER OF DEALS IN EUROPE
www.serenaca.vc
|
@serenavc
7
THE AI RUSH - 2018
HEY UK, CAN YOU STILL HEAR US FROM UP THERE? ⛰️
TOTAL FUNDRAISING ($M)
www.serenaca.vc
|
@serenavc
8
THE AI RUSH - 2018
SERIES C ARE GETTING SERIOUS. EVEN IN FRANCE 🕶️
NUMBER OF DEALS PER ROUND SIZE (EXCLUDING UNDISCLOSED AMOUNTS)
#United Kingdom
$0-1M
$1-5 M
$ 5 - 10 M
$ 10 - 20 M
>$ 20 M
Total
2014
5
11
5
2
23
#Germany
2015
3
14
2
4
3
26
2016
39
24
11
2
4
80
2017
63
64
18
8
8
161
www.serenaca.vc
|
@serenavc
3
11
2015
6
2
2
1
11
2016
12
8
3
2
25
2017
16
14
11
5
3
49
FRENCH ROUNDS >$20M
#France
$0-1M
$1-5 M
$ 5 - 10 M
$ 10 - 20 M
>$ 20 M
Total
$0-1M
$1-5 M
$ 5 - 10 M
$ 10 - 20 M
>$ 20 M
Total
2014
1
5
2
2014
3
5
2015
4
12
1
2016
12
17
6
2
19
35
1
9
9
2017
8
26
11
5
5
55
*Excluding undisclosed rounds
THE AI RUSH - 2018
THE RISE OF THE AI EUROPEAN LEADERS 🐻
SERIES C CLUB (ROUNDS >20$M – 2017 HALL OF FAME
#United Kingdom
#France
332 $M
www.serenaca.vc
|
@serenavc
227 $M
10
#Germany
127 $M
THE AI RUSH - 2018
HEALTH & SECURITY – A REAL CONCERN 🔒
AMOUNT RAISED PER SECTOR ($M)
www.serenaca.vc
|
@serenavc
11
THE AI RUSH - 2018
EACH BULLET POINT REPRESENTS A JOB CREATED BY A DEEP TECH VENTURES…
NUMBER OF JOBS IN FUNDED AI & DATA-DRIVEN STARTUPS SINCE 2014
www.serenaca.vc
|
@serenavc
12
*Based on Linkedin data as of September 2018 THE AI RUSH - 2018
EACH BULLET POINT REPRESENTS A JOB CREATED BY A DEEP TECH VENTURES…
NUMBER OF JOBS IN FUNDED AI & DATA-DRIVEN STARTUPS SINCE 2014
www.serenaca.vc
|
@serenavc
13
*Based on Linkedin data as of September 2018 THE AI RUSH - 2018
JOB CREATION RATIO
NUMBER OF JOBS CREATED PER $100K INVESTMENT
For every
0,8
$100K invested…
jobs
0,79
EUROPE
jobs
UNITED KINGDOM
0,78
jobs
FRANCE
0,53
jobs
GERMANY
were created.
www.serenaca.vc
|
@serenavc
14
*Based on Linkedin data as of september 2018
THE AI RUSH - 2018
HMM, YOU MIGHT SAY LONDON IS (A BIT) AHEAD OF PARIS and THE RoE
NUMBER OF JOBS IN FUNDED AI & DATA-DRIVEN STARTUPS SINCE 2014
632
Helsinki
Stockholm 833
UNITED
KINGDOM
Copenhagen
Dublin
11 683 JOBS
568
London
Amsterdam
445
640
Hamburg
779
9548
327
FRANCE
5 152 JOBS
3676
2070 Berlin
Bruxelles
Paris
285
372
Zürich
403
351
Vienna
Munich
Lausanne
GERMANY
556
3 220 JOBS
798
922
Toulouse
Barcelona
Madrid
www.serenaca.vc
|
@serenavc
15
THE AI RUSH - 2018
THE AI RUSH
www.serenaca.vc
|
@serenavc
16
THE AI RUSH - 2018
METHODOLOGY… 📜
WE ANALYZED
IN EUROPE
5,134
FUNDRAISING ROUNDS WHICH OCCURED IN 2017
WE IDENTIFIED 585 ROUNDS AND 512 VENTURES FITTING OUR
DEFINITION OF BOTH DATA AND ARTIFICIAL INTELLIGENCE FIRMS
A DEFINITION BASED ON THE 5 ATTRIBUTES OF THE DATA CHAIN
Collection
Interpretation
Actionnable Data
Storage
Processing
AS FOR THE NUMBER OF JOBS IN DATA & AI, WE USED LINKEDIN TO
IDENTIFY EACH EMPLOYEE BELONGING TO A DATA OR AI STARTUP THAT
RAISED FUNDS BETWEEN 2014 AND 2017
www.serenaca.vc
|
@serenavc
17
THE AI RUSH - 2018
DO YOU REMEMBER, THE DATA CHAIN… ⛓️
Digital
Layer
Collection
Actionable data
Interpretation
Physical
Layer
Storage
www.serenaca.vc
|
@serenavc
18
Processing
THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
Health
1928diagnostics
Nordics
$1-5 M
Automotive
2hire
Rest of Europe
$0-1M
Security
42Crunch
Rest of Europe
undisclosed
Horizontal
5Analytics GmbH
Germany
$0-1M
Fintech
ABAKA Holdings
UK
$1-5 M
Data distribution
Ably
UK
$0-1M
Sales&Marketing
Acrolinx
Germany
>$ 20 M
Energy
Actility
France
>$ 20 M
$1-5 M
ChatBot
action.ai
UK
Health
Ada Health
Germany
>$ 20 M
AdTech
adsquare
Germany
$1-5 M
AdTech
Adverity
Rest of Europe
undisclosed
Other
Aesthetic Integration Ltd
UK
$1-5 M
Industry
Ai Build
UK
undisclosed
Edtech
AIAR EdTech AB
Nordics
$0-1M
Sales&Marketing
Aiden.ai
UK
$0-1M
Health
Aidence
Nordics
$1-5 M
Health
AIMO
Nordics
undisclosed
Automotive
AIPARK
Germany
$0-1M
Other
Aircloak
Germany
undisclosed
Fintech
Aire
UK
$1-5 M
Horizontal
Algolytics
Rest of Europe
undisclosed
Sales&Marketing
Allo-Media
France
$1-5 M
Customer insight
Anbotux
Rest of Europe
$0-1M
Retail
Angus.ai
France
$0-1M
Other
Archii
Nordics
$0-1M
InsurTech
Artificial Labs
UK
$1-5 M
Other
Artomatix
Rest of Europe
$1-5 M
ChatBot
AskPorter
UK
$0-1M
AI Tech - Speech
Audio Analytic
UK
$ 5 - 10 M
Health
AURA Devices
UK
$0-1M
Horizontal
Automorph
UK
undisclosed
Analytics
Avora
UK
$1-5 M
Transport
Awaait Artificial Intelligence S.L.
Rest of Europe
$1-5 M
AI Tech - NLP/NLG
AYLIEN
Rest of Europe
$1-5 M
|
Health
Babylon Health
UK
>$ 20 M
Energy
Bamomas
Nordics
undisclosed
Security
Barac
UK
undisclosed
Customer insight
BB1
UK
$0-1M
Health
BC Platforms
Rest of Europe
$ 5 - 10 M
Other
BCaster
Nordics
$0-1M
Retail
beaconsmind
Rest of Europe
undisclosed
Sales&Marketing
Beemray
Nordics
$1-5 M
Fintech
Behavox
UK
$ 10 - 20 M
Retail
BeMyEye
UK
$ 10 - 20 M
Sales&Marketing
Beonprice
Rest of Europe
$1-5 M
Transport
BestMile
Rest of Europe
$1-5 M
Sales&Marketing
Bibblio
UK
$1-5 M
Sales&Marketing
Big Property Data
UK
undisclosed
@serenavc
19
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
Customer insight
BigProfiles
Rest of Europe
$0-1M
AI Tech - Vision
Bird.i
UK
$1-5 M
Security
BitSensor
Nordics
$0-1M
Robotics
Blue Frog Robotics
France
undisclosed
Sales&Marketing
BlueBoard.io
France
$1-5 M
Sales&Marketing
Boardfy
Rest of Europe
$0-1M
Fintech
bonify
Germany
$ 5 - 10 M
Health
BOOST THYROID by VLM Health
Germany
$0-1M
AI Tech - NLP/NLG
Botfuel
France
$1-5 M
Customer support
BotsAndUs
UK
undisclosed
$0-1M
AI Tech - NLP/NLG
BotXO
Nordics
Edtech
Bread (formerly Breadwallet)
Rest of Europe
>$ 20 M
Automotive
Bright Box
Rest of Europe
undisclosed
Horizontal
ByteWeen
Rest of Europe
$0-1M
AdTech
Cablato
UK
$0-1M
Customer support
CallDesk
France
$1-5 M
Security
Callsign
UK
>$ 20 M
Processing
Cambridge Quantum Computing Limited
UK
$1-5 M
Fintech
CANDIS
Germany
undisclosed
Blockchain
Cardano Foundation
Rest of Europe
undisclosed
Health
CardioCube
Germany
undisclosed
Health
CardioLogs
France
$ 5 - 10 M
Health
Cardiolyse
UK
undisclosed
Retail
Cartwatch
Germany
undisclosed
Sport
Carv by MotionMetrics
UK
undisclosed
Analytics
CASEonIT (MedUX)
Rest of Europe
$1-5 M
Automotive
Cazana
UK
$1-5 M
Analytics
Cerebreon Technologies
Rest of Europe
$0-1M
Analytics
ChartMogul
Germany
$1-5 M
Customer insight
Chattermill
UK
$0-1M
Security
Circadian
UK
$0-1M
AI Tech - NLP/NLG
Clarida Technologies Ltd.
UK
$ 5 - 10 M
Retail
Clear Returns
UK
$1-5 M
Fintech
Cleo
UK
$0-1M
|
Other
Cloud & Heat Technologies GmbH
Germany
undisclosed
e-Commerce
cloud.IQ
UK
$1-5 M
Horizontal
CLOUDEO
Germany
$1-5 M
Other
CloudNC
UK
$0-1M
Storage
cloudplan GmbH
Germany
undisclosed
HR
Clustree
France
$ 5 - 10 M
Health
Coala Life
Nordics
$1-5 M
Sales&marketing
Cobiro
Nordics
$1-5 M
Sales&marketing
Cobrainer GmbH
Germany
undisclosed
DevOps
Codacy
UK
$ 5 - 10 M
Customer insight
Codec
UK
$1-5 M
ChatBot
CogniCor Technologies
Rest of Europe
undisclosed
Sales&marketing
Cognism
UK
$0-1M
Blockchain
Coinfirm
UK
$0-1M
Blockchain
Coinify ApS
Nordics
$1-5 M
@serenavc
20
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Proc essing
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
SaaS dribution
Collibra
Rest of Europe
>$ 20 M
Fintech
compaio
Germany
undisclosed
AI Tech - Vision
Condi Food
Nordics
$0-1M
Health
Congenica
UK
$ 5 - 10 M
Health
connected health
Germany
$0-1M
IT
Containous
France
$1-5 M
Security
Contego Fraud Solutions
UK
$1-5 M
Horizontal
Contiamo
Germany
undisclosed
Security
Corax
UK
$1-5 M
Security
Corlytics
Rest of Europe
$1-5 M
Industry
CorrosionRADAR
UK
$0-1M
AI Tech - Vision
Cortexica Vision Systems
UK
$1-5 M
Horizontal
Cosmo Tech
France
$1-5 M
LegalTech
Courtsdesk
Rest of Europe
undisclosed
Fintech
Creamfinance
Rest of Europe
>$ 20 M
Fintech
CREDIT-VISION
UK
undisclosed
Industry
Crosser
Nordics
$1-5 M
Analytics
Crossing35
UK
$0-1M
Sales&Marketing
Crystal Apps Ltd.
UK
undisclosed
Customer insight
Cx MOMENTS
Rest of Europe
undisclosed
Security
CybelAngel
France
$1-5 M
Security
Cyberlytic
UK
$0-1M
Sales&Marketing
Cytora
UK
$1-5 M
Security
Darktrace
UK
>$ 20 M
Analytics
Dataiku
France
>$ 20 M
Sales&Marketing
DATAlovers AG
Germany
undisclosed
IoT
Datamars
UK
undisclosed
Sales&marketing
Datarino
Rest of Europe
$1-5 M
Customer insight
DataSine
UK
$1-5 M
Analytics
DataStories International
Rest of Europe
$0-1M
AI Tech - Vision
Deepomatic
France
$0-1M
AdTech
DelidataX
Rest of Europe
$0-1M
Health
Desktop Genetics
UK
$1-5 M
Sales&Marketing
Destygo
France
$1-5 M
IT
DiffBlue
UK
>$ 20 M
AI Tech - NLP/NLG
DigitalGenius
UK
$ 10 - 20 M
|
Sales&Marketing
Divvit
Nordics
$1-5 M
esport
DOJO Madness
Germany
$ 5 - 10 M
Transport
DOVU
UK
undisclosed
Other
DPOrganizer
Nordics
undisclosed
Fintech
DreamQuark
France
$1-5 M
Security
DriveLock
Germany
$ 5 - 10 M
undisclosed
Logistics
DriverNet
UK
Fintech
Eagle Alpha
Rest of Europe
$1-5 M
e-Commerce
Early Birds
France
$ 5 - 10 M
AI Tech - Vision
EarthCube
France
$1-5 M
IoT
Eat Me App
UK
undisclosed
ChatBot
e-bot7
Germany
$0-1M
Security
EclecticIQ
Nordics
$ 10 - 20 M
@serenavc
21
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
AI Tech - NLP/NLG
Econiq
Rest of Europe
undisclosed
Transport
EEE Innovations
Nordics
$0-1M
Logistics
eeSea
Nordics
$0-1M
Blockchain
Eidoo
Rest of Europe
>$ 20 M
Logistics
Eiratech Robotics
Rest of Europe
$0-1M
Fintech
ELEMENT Insurance AG
Germany
undisclosed
$1-5 M
Energy
Eliq
Nordics
Industry
Elmodis
Rest of Europe
$1-5 M
Retail
ELSE Corp
Rest of Europe
undisclosed
Other
Emteq
UK
$0-1M
undisclosed
Security
Encedo
UK
Energy
Enervalis
Rest of Europe
$1-5 M
IoT
Enevo
Nordics
$ 10 - 20 M
Security
Enigmedia
Rest of Europe
$0-1M
Sales&Marketing
Envoy
Rest of Europe
$ 5 - 10 M
Blockchain
Ethereum Foundation
Rest of Europe
undisclosed
Fintech
Etherisc
Germany
undisclosed
Sales&Marketing
Eulerian Technologies
France
$ 5 - 10 M
AI Tech - Vision
Everseen
Rest of Europe
$ 10 - 20 M
Analytics
Evolved Analytics Europe
Rest of Europe
$0-1M
Security
ExactTrak
UK
$0-1M
Analytics
Exonar Ltd
UK
$1-5 M
Fintech
Expensya
France
$1-5 M
Customer insight
Exponea
UK
$ 5 - 10 M
IoT
Eyra
Rest of Europe
$0-1M
AI Tech - NLP/NLG
Factmata
UK
$0-1M
Security
Featurespace
UK
undisclosed
Fintech
FeedStock
UK
undisclosed
IoT
FeetMe
France
$1-5 M
Fintech
FIDEL
UK
$1-5 M
Edtech
Filtered
UK
$0-1M
Health
Fimmic Oy
Nordics
$ 5 - 10 M
Fintech
FinAi
Rest of Europe
$1-5 M
Sales&Marketing
Fineway
Germany
$ 5 - 10 M
$ 5 - 10 M
|
Fintech
Finiata
Germany
Fintech
FinScience
Rest of Europe
$1-5 M
Fintech
FintecSystems
Germany
$ 5 - 10 M
Fintech
fintonic
Rest of Europe
>$ 20 M
IoT
Firmwave
Rest of Europe
undisclosed
Automotive
FiveAI
UK
>$ 20 M
Fintech
Flock Cover
UK
undisclosed
Drone
FloodFlash
UK
$0-1M
AI Tech - Vision
FlowX
UK
undisclosed
Fintech
Fluidly
UK
$1-5 M
Sales&Marketing
Flytxt
Nordics
$ 10 - 20 M
Drone
Focal Point Positioning
UK
$1-5 M
health
FoodMarble
Rest of Europe
$1-5 M
Analytics
Forecast
Nordics
undisclosed
IT
Forepaas
France
$ 5 - 10 M
@serenavc
22
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
Analytics
Formisimo
UK
$0-1M
$ 10 - 20 M
Sales&Marketing
Fornova
UK
Sales&Marketing
Foxintelligence
France
$ 5 - 10 M
Transport
Fractal Logistics
UK
$ 10 - 20 M
$1-5 M
Security
Fraugster
UK
Sales&Marketing
Fresh Relevance
UK
$1-5 M
Security
FRISS
Nordics
$ 10 - 20 M
Security
Frosha
Nordics
undisclosed
Sales&Marketing
FRUX
Rest of Europe
undisclosed
IoT
Furhat Robotics
Nordics
$1-5 M
AI Tech - NLP/NLG
Futr
UK
$0-1M
Analytics
Futures Platform
Nordics
$0-1M
Health
Galactica Biotech
Rest of Europe
undisclosed
AgTech
Gamaya
Rest of Europe
$1-5 M
esport
GameScorekeeper
Nordics
$0-1M
Security
Garrison Technology
UK
$ 10 - 20 M
Logistics
GeoSpark
Nordics
$0-1M
AI Tech - Vision
Gestoos
Rest of Europe
undisclosed
Customer insight
Geztio
Nordics
$1-5 M
Customer insight
Glisser
UK
undisclosed
Health
GoClinic
Nordics
undisclosed
Blockchain
Golem Factory
Rest of Europe
undisclosed
Blockchain
Gospel Technology
UK
undisclosed
Database
Graphcore
UK
>$ 20 M
Analytics
Graphext
Rest of Europe
$0-1M
Sales&Marketing
GreenBone
Rest of Europe
$ 5 - 10 M
Database
Hadean
UK
$1-5 M
Customer insight
Happydemics
France
$1-5 M
Sales&Marketing
Hazy
UK
$0-1M
HR
Headstart
UK
$0-1M
Health
healthbank innovation AG
Rest of Europe
$0-1M
undisclosed
health
Healthbit
Rest of Europe
Health
heartbeat medical solutions
Germany
$1-5 M
Security
HelloSoda
UK
$ 5 - 10 M
Energy
Hero Balancer
Nordics
undisclosed
undisclosed
health
Heterogeneous
UK
AI Tech - Vision
Heuritech
France
$1-5 M
Sales&Marketing
HiJiffy
Rest of Europe
undisclosed
Blockchain
hiveonline
Nordics
$0-1M
Security
Homeppl
UK
undisclosed
Real estate
Homerun Technologies
Nordics
undisclosed
IoT
Hoofstep
Nordics
$0-1M
security
HoxHunt
Nordics
undisclosed
Retail
Hoxton Analytics
UK
undisclosed
$0-1M
Analytics
Human
UK
Analytics
Human Affinity Platform
Rest of Europe
$0-1M
Sales&Marketing
Huq Industries
UK
undisclosed
AI Tech - NLP/NLG
Hutoma
UK
$0-1M
Database
IAMIP Sverige AB
Nordics
$1-5 M
|
@serenavc
23
Storage
Proc essing
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Collec tion
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Interpretation
Ac tionnable Data
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
AI Tech - Vision
Iceye
Nordics
$ 10 - 20 M
AI Tech - Vision
iCoolhunt
Rest of Europe
undisclosed
AI Tech - Vision
IFDAQ
Rest of Europe
undisclosed
Analytics
iGenius
Rest of Europe
undisclosed
Analytics
illumr
UK
$0-1M
Health
ImageBiopsy Lab (IB Lab GmbH)
Rest of Europe
$1-5 M
IoT
Imagimob
Nordics
$0-1M
Sales&Marketing
imin
UK
$0-1M
Sales&Marketing
Immersal Ltd.
Nordics
$0-1M
Blockchain
ImmVRse
UK
$0-1M
Customer insight
Impala
UK
undisclosed
Sales&Marketing
Import Radar
Rest of Europe
undisclosed
InsurTech
INARI
Rest of Europe
undisclosed
Health
Inato
France
$1-5 M
Analytics
Indica
Nordics
undisclosed
Sales&Marketing
Infinity Mobile
Rest of Europe
undisclosed
Sales&Marketing
infloAi
UK
$0-1M
Sales&Marketing
Influans
France
$ 5 - 10 M
Analytics
InfoSum
UK
$1-5 M
fintech
Instantor
Nordics
undisclosed
IoT
IntelFlows
Nordics
$0-1M
Analytics
Intelligence Fusion
UK
$0-1M
Drone
Internest
France
undisclosed
IoT
Internet of Trees Ltd.
UK
undisclosed
Sales&Marketing
IOVOX
UK
$ 5 - 10 M
AI Tech - NLP/NLG
Iris.ai
Rest of Europe
undisclosed
Analytics
Ivbar Institute AB
Nordics
$ 5 - 10 M
Fintech
Jenji
France
$1-5 M
AI Tech - NLP/NLG
Julie Desk
France
$1-5 M
Legaltech
Juro
UK
$0-1M
IoT
Kalray
France
>$ 20 M
Analytics
Kantwert GmbH
Germany
$1-5 M
IoT
Karnott
France
$1-5 M
Energy
Kayrros
France
$ 5 - 10 M
IoT
Keecker
France
$ 5 - 10 M
Health
Kheiron
UK
undisclosed
Health
Kirontech
Nordics
$1-5 M
Analytics
Kitman Labs
Rest of Europe
$1-5 M
Analytics
KNIME
Rest of Europe
>$ 20 M
Storage
Kolos
Germany
$1-5 M
TravelTech
KOMPAS
UK
$0-1M
IoT
KONUX
Germany
$ 5 - 10 M
Health
Kraydel
UK
undisclosed
Health
LabGenius
UK
$1-5 M
Blockchain
Lamden
Rest of Europe
$0-1M
Analytics
Landoop
UK
$0-1M
AI Tech - NLP/NLG
LEVERTON
Germany
$ 10 - 20 M
EdTech
Lexplore
Nordics
$ 5 - 10 M
IT
LogPoint
Nordics
$ 5 - 10 M
|
@serenavc
24
Storage
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Proc essing
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Collec tion
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Interpretation
•
•
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Ac tionnable Data
•
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
|
Sec tor
Nam e
Country
R aised Am ount ($k)
AdTech
LoopMe
UK
$ 5 - 10 M
LegalTech
Luminance
UK
$ 5 - 10 M
Health
LynxCare
Rest of Europe
$0-1M
Health
Lytics
Nordics
$0-1M
Analytics
Mapidea
Rest of Europe
undisclosed
Database
MariaDB Corporation
Nordics
>$ 20 M
Fintech
MarketsFlow
UK
$0-1M
AdTech
Match2One
Nordics
$1-5 M
Sales&Marketing
mediarithmics
France
$1-5 M
Health
MedicSen
Rest of Europe
$0-1M
Health
MedLab Media Group
Rest of Europe
undisclosed
Fintech
Meniga
UK
$ 5 - 10 M
Fintech
Metafused
UK
$0-1M
Industry
Micropsi Industries
Germany
$1-5 M
Fintech
Mind Foundry
UK
$1-5 M
Analytics
MindProber
Rest of Europe
$0-1M
Processing
Mindtrace Limited
UK
$1-5 M
Health
MJN Neuroservices
Rest of Europe
$0-1M
Blockchain
Moeco
Germany
$1-5 M
Fintech
More Money
Rest of Europe
$0-1M
AgTech
Mothive
UK
undisclosed
InsurTech
MotionsCloud
Germany
$0-1M
Cybersecurity
MUSO
UK
$1-5 M
Sales&Marketing
Namu
Rest of Europe
$0-1M
Health
Natural Cycles
Nordics
>$ 20 M
Blockchain
Neufund
Germany
$1-5 M
Industry
Neuron Soundware
UK
$0-1M
Sales&Marketing
NGDATA
Rest of Europe
$ 5 - 10 M
Blockchain
NGN
Rest of Europe
$0-1M
Sales&Marketing
NNAISENSE
Rest of Europe
undisclosed
Energy
Nnergix
Rest of Europe
undisclosed
Blockchain
Nousplatform
UK
$0-1M
IoT
NumberEight
UK
undisclosed
Environment
Nuuka
Nordics
undisclosed
Database
ObjectBox
UK
undisclosed
Customer insight
Olvin
UK
undisclosed
Customer insight
Ometria
UK
$ 5 - 10 M
Energy
OneWatt
Nordics
undisclosed
Storage
Oodrive
France
>$ 20 M
HR
Opening.io
Rest of Europe
$0-1M
Storage
OpenIO
France
$1-5 M
Blockchain
Openledger
Nordics
$1-5 M
Blockchain
Oraclize
UK
$0-1M
sport
Orreco
UK
$1-5 M
AgTech
Outfield
UK
undisclosed
FinTech
PAIR Finance
Germany
$ 5 - 10 M
Cybersecurity
Panaseer
UK
$1-5 M
esport
Pandascore
France
$1-5 M
AI Tech - Vision
Parquery
Rest of Europe
undisclosed
@serenavc
25
Storage
Proc essing
Collec tion
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Ac tionnable Data
•
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Interpretation
•
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•
THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
FinTech
Passfort
UK
$0-1M
HR
Pathfinder Software Limited
UK
undisclosed
Analytics
Peak
UK
$1-5 M
Logistics
Peakboard GmbH
Germany
$1-5 M
Customer insight
Pearlai
UK
$0-1M
Horizontal
Peltarion
Nordics
$1-5 M
$ 5 - 10 M
Health
Personal MedSystems
Germany
AI Tech - Vision
Photolemur
UK
$1-5 M
Sport
PIQ
Rest of Europe
undisclosed
Analytics
Piwik PRO
Rest of Europe
$1-5 M
undisclosed
ChatBot
PocketConfidant AI
France
e-Commerce
Popsa
UK
$1-5 M
Blockchain
Populous
UK
$ 5 - 10 M
Automotive
Predina Tech
UK
undisclosed
Fintech
Preseries
Rest of Europe
$1-5 M
Horizontal
Prevision.io
France
$1-5 M
Real Estate
PriceHubble
Rest of Europe
undisclosed
Fintech
Proportunity
UK
$1-5 M
Horizontal
PROWLER.IO
UK
$ 10 - 20 M
Health
Pryv
Rest of Europe
$1-5 M
AgTech
Pycno
UK
$0-1M
HR
Qlearsite - Organisational Science
UK
$ 5 - 10 M
Customer insight
Qriously
UK
undisclosed
InsurTech
Quantemplate
UK
$1-5 M
Analytics
Quantexa
UK
$1-5 M
Health
Quantib
Nordics
$ 5 - 10 M
SmartCity
Qucit
France
undisclosed
Health
QUIBIM
Rest of Europe
$0-1M
Customer insight
ReachFive
France
$1-5 M
AI Tech - Vision
RealSynth
Germany
$0-1M
Cybersecurity
redborder
Rest of Europe
undisclosed
AI Tech - NLP/NLG
Reflectly
Nordics
undisclosed
Sales&Marketing
Refract
UK
$0-1M
Customer insight
Relative.ai
UK
undisclosed
IoT
Relayr
Germany
undisclosed
|
HR
Relink
Nordics
$0-1M
Database
Repositive Ltd
UK
$1-5 M
AI Tech - Vision
Restb.ai - Cognitive Computer Vision
Rest of Europe
$1-5 M
AgTech
Revotree
Rest of Europe
undisclosed
Blockchain
RIDDLE&CODE
Rest of Europe
undisclosed
Fintech
Rimilia
UK
>$ 20 M
Storage
Rinocloud
UK
undisclosed
Cybersecurity
Ripjar
UK
$1-5 M
Horizontal
RiseML
Germany
$0-1M
Other
ROBART GmbH
Rest of Europe
$ 5 - 10 M
AI Tech - Speech
Roborzoid
Rest of Europe
$0-1M
AdTech
RocketROI
Rest of Europe
$1-5 M
Database
RoyaltyRange
UK
$0-1M
IT
Runecast Solutions Ltd.
UK
$1-5 M
@serenavc
26
Storage
•
Proc essing
Collec tion
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Interpretation
•
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Ac tionnable Data
•
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
EdTech
Sana Labs
Nordics
$1-5 M
IoT
SAT4M2M
Germany
undisclosed
Fintech
savedroid
Germany
>$ 20 M
Fintech
SBDA Group
Rest of Europe
undisclosed
Analytics
Seerene
Germany
$ 10 - 20 M
IoT
Semiotic Labs
Nordics
$0-1M
Environment
Sen
UK
$0-1M
Energy
Sensewaves
France
$0-1M
Industry
Senseye
UK
$1-5 M
AI Tech - Vision
Sensifai
Rest of Europe
undisclosed
Health
Sensio Air
UK
$1-5 M
Customer insight
Sentiance
Rest of Europe
$ 5 - 10 M
Health
Sentimoto
UK
$0-1M
Fintech
Seratio
UK
$1-5 M
Analytics
Shepherd.FM
UK
$0-1M
AI Tech - NLP/NLG
SHERPA
Rest of Europe
$1-5 M
Security
Shift Technology
France
>$ 20 M
|
IT
ShimmerCat
Nordics
$0-1M
Customer insight
Shipamax
UK
undisclosed
Transport
Shippeo
France
$ 10 - 20 M
IoT
Shot Scope
UK
$1-5 M
IoT
SIGFOX
France
undisclosed
Analytics
Silverback.ai
UK
$0-1M
AdTech
Simplaex
Germany
$1-5 M
Blockchain
SingularityNET
Rest of Europe
undisclosed
Analytics
Siren Solutions
Rest of Europe
$1-5 M
Analytics
Skimlinks
UK
undisclosed
Transport
SLAMcore
UK
undisclosed
Health
Smart Reporting GmbH
Germany
$1-5 M
Blockchain
Smart Security Systems (Food Blockchain)
Rest of Europe
undisclosed
Sales&Marketing
SMARTASSISTANT
Rest of Europe
$ 5 - 10 M
AI Tech - Speech
Smartly.ai
France
$0-1M
AI Tech - Speech
Snips
France
$ 10 - 20 M
$0-1M
Sales&Marketing
SoAmpli Ltd.
UK
AI Tech - Speech
Soapbox Labs
Rest of Europe
$1-5 M
Analytics
Social Coin
Rest of Europe
undisclosed
Analytics
Socialangel
Rest of Europe
$0-1M
Sales&Marketing
Solvemate
Germany
undisclosed
Sales&Marketing
Sometrik
Nordics
$0-1M
undisclosed
Logistics
Sonodot Ltd
UK
Health
Sophia Genetics
Rest of Europe
>$ 20 M
Music
Soundcharts
France
$1-5 M
Health
Sparrho
UK
$1-5 M
AI Tech - Vision
Spektral
Nordics
$1-5 M
Transport
Springworks AB
Nordics
$1-5 M
Horizontal
Squirro
Rest of Europe
undisclosed
IoT
Starcounter
Nordics
$1-5 M
IT
SteelEye
UK
$1-5 M
Database
StorageOS
UK
$1-5 M
@serenavc
27
Storage
Proc essing
Collec tion
•
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•
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Ac tionnable Data
•
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Interpretation
•
•
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•
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•
THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
Sales&Marketing
StoryStream
UK
$1-5 M
Blockchain
Stratumn
France
$ 5 - 10 M
e-Commerce
Styla.com
Germany
undisclosed
Other
Symphony Ventures
UK
$1-5 M
Transport
Synaptiv
UK
undisclosed
Legaltech
synergist.io
Germany
$1-5 M
Customer insight
Synerise
Rest of Europe
$1-5 M
Security
Sytorus
Rest of Europe
undisclosed
Sales&Marketing
Tölve
Nordics
$0-1M
Fintech
TAB
UK
$1-5 M
AI Tech - NLP/NLG
Taiger
Rest of Europe
$ 5 - 10 M
e-Commerce
TasteHit
France
$0-1M
AdTech
Teemo
France
$ 10 - 20 M
Legaltech
Teqmine
Nordics
$0-1M
Automotive
Teraki
Germany
$0-1M
AI Tech - Vision
TerraLoupe
Germany
$0-1M
Security
Tessian
UK
$1-5 M
AI Tech - Vision
The Curious AI Company
Nordics
undisclosed
e-Commerce
The Prosperous Shop
Germany
$0-1M
Transport
Thefloow
UK
$ 10 - 20 M
Industry
ThingTrax
UK
$0-1M
Fintech
Tink
Nordics
$1-5 M
AI Tech - Vision
Tractable
UK
$ 5 - 10 M
Customer Support
Traitly
Nordics
undisclosed
Customer Support
Travel Appeal
Rest of Europe
$0-1M
Transport
TravelAI
UK
undisclosed
Fintech
Trounceflow
UK
$0-1M
Customer Support
True AI
UK
undisclosed
Fintech
TrueLayer
UK
$1-5 M
AI Tech - NLP/NLG
Twyla
Germany
undisclosed
AI Tech - Vision
Unibap
Nordics
$1-5 M
Processing
Upmem
France
$1-5 M
Analytics
urban Data Analytics
Rest of Europe
undisclosed
Analytics
Util
UK
$0-1M
Sales&Marketing
Utopia Analytics
Nordics
$1-5 M
$ 10 - 20 M
Security
Vade Secure
France
AI Tech - Vision
Valossa
Nordics
$1-5 M
Logistics
Vekia
France
$ 10 - 20 M
AI Tech - Speech
velmai
UK
undisclosed
AI Tech - NLP/NLG
Verne-AI
Germany
$0-1M
Energy
Verv
UK
$1-5 M
Database
VicThorious
Rest of Europe
$0-1M
Energy
vilisto GmbH
Germany
undisclosed
Transport
Vimcar
Germany
$ 5 - 10 M
AI Tech - Vision
Visio Ingenii Ltd
UK
$1-5 M
Security
Viva Labs
Rest of Europe
$1-5 M
Analytics
Vivacity Labs
UK
undisclosed
Analytics
Vize Software
France
$0-1M
AI Tech - Speech
Voysis
Rest of Europe
$ 5 - 10 M
|
@serenavc
28
Storage
Proc essing
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Interpretation
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Ac tionnable Data
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THE AI RUSH - 2018
<data – ai startups/>
www.serenaca.vc
Sec tor
Nam e
Country
R aised Am ount ($k)
Fintech
Walnut Algorithms
France
$0-1M
Customer Support
Warwick Analytics
UK
undisclosed
Analytics
Waytation
Rest of Europe
$1-5 M
AI Tech - NLP/NLG
We Love Work
UK
undisclosed
Analytics
WebzSuite
UK
undisclosed
Health
WeFitter
Rest of Europe
$0-1M
Transport
WhereIsMyTransport
UK
$0-1M
Sales&Marketing
Whisbi
Rest of Europe
$1-5 M
AdTech
Wi-5
UK
undisclosed
|
Health
WILD
UK
undisclosed
Security
WISeKey
Rest of Europe
$1-5 M
Health
Woom Fertility
Rest of Europe
$0-1M
Transport
Xesol Innovation
Rest of Europe
$0-1M
Fintech
Yedup Limited
UK
$0-1M
Fintech
yields.io
Rest of Europe
$0-1M
Fintech
Your.MD
UK
$ 5 - 10 M
AdTech
Zalster
Nordics
$0-1M
HR
Zapiens
Rest of Europe
$0-1M
Analytics
Zegami
UK
$1-5 M
Fintech
Zeitgold
Germany
$1-5 M
AI Tech - Vision
Zeno Vision Ltd
UK
undisclosed
Data Distribution
Zwapgrid
Nordics
$0-1M
@serenavc
29
Storage
Proc essing
Collec tion
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Interpretation
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THE AI RUSH - 2018
2018 EDITION
CREDITS
Jean-Baptiste Dumont
@jbdumont
Partner
Eric Gossart
@egossart
Associate
Léa Verdillon
@lverdillon
Associate
Sébastien Le Roy
@SebastienLe_Roy
Associate
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