Startups in 33 US states are applying machine learning algorithms across industries including marketing, healthcare, and retail.
Deals to AI startups reached a record high last year, from 160 deals in 2012 to 658 in 2016. Although non-US deal share has been increasing over the time period, well over a majority of deals, around 70%, went to startups in the US in the last 5 years.
The top 3 states for deals were California (51%), New York (11%), and Massachusetts (9%).
Using the CB Insights database, we mapped the most well-funded AI startups in each of the 35 states where there have been equity deals to an AI company in the last five years. The map only includes companies that have not exited and only includes equity financing. Debt is excluded. Our list excludes robotics (hardware-focused) and AR/VR startups, which we’ve analyzed separately here and here.Read Complete Article