8,000 10,000 12,000 14,000 16,000 18,000 20,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 # deals Invested $M Corporate Growth/Expansion Restart Later Stage VC Later stage VC Early stage VC Seed Angel Pre/Accelerator/Incubator Grants # of deals Late stage investments led the growth accompanied with series A Here and further – data is collected from Pitchbook, if not mentioned otherwise. Companies/deals are classified as AI by Pitchbook’s metrology. Flint’s preliminary research shows that Pitchbooks data represents at least 90-95% of the market and probably less. Investments in AI startups, World, 2010-2018, by type, $M and # deals Investments in AI almost doubled in 2017 10