The second out of the five emerging industries to put on your radar

if you missed the first one this is the link for it: https://medium.com/@licasventures/the-first-of-the-five-emerging-industries-to-put-on-your-radar-ea58c9688d4e

Artificial intelligence
On a global scale, we’re just scratching the surface with AI. The application of this technology, even today, has proven to be game-changing — from virtual assistants like Alexa to “smart” enterprise tools for sales and marketing departments. As the data shows, this is an industry that investors have poured a lot of money into over the years.

Total number of deals: 13,591
Total invested: $92.5 billion
AI is an industry that has shown exponential growth over the last five years. It has the highest number of deals out of the five industries in this report and is the only one that hasn’t seen a decrease in funding year over year. From 2015 to 2019, total funding in the industry grew by a whopping 388 percent with a total of $84 billion invested. The industry has already surpassed what was raised in all of 2015 and 2016, and we’re only five months into 2020 (as of June 1st). While the number of deals did decrease in 2019, investors remained bullish and poured in the highest amount of capital in five years at $27.8 billion. If the trend continues, 2020 will see more funding than in 2019.
AI is an industry that has shown exponential growth over the last five years. It has the highest number of deals out of the five industries in this report and is the only one that hasn’t seen a decrease in funding year over year. From 2015 to 2019, total funding in the industry grew by a whopping 388 percent with a total of $84 billion invested. The industry has already surpassed what was raised in all of 2015 and 2016, and we’re only five months into 2020 (as of June 1st). While the number of deals did decrease in 2019, investors remained bullish and poured in the highest amount of capital in five years at $27.8 billion.

If the trend continues, 2020 will see more funding than in 2019. Growth in the AI industry shows no signs of slowing down. With investors placing more and more bets on AI startups, there will inevitably be an influx of companies entering the industry to challenge the status quo. From an acquisition standpoint, this bodes well for enterprises looking to enhance their products with AI technology to drive more customer value while gaining a competitive advantage in the market.

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Thanks again for reading this article from the Licas Ventures Team