An insightful heatmap From CB Insights:
Artificial Intelligence DealsTracker
A look at where AI is heating up, from healthcare to entertainment
In all the chatter around AI, bots and virtual assistants get much of the attention, but it’s healthcare where AI is on fire.
Our AI deals tracker shows that healthcare is, by a significant margin, the most active industry for AI-focused investments. And there have already been 14 equity deals this quarter in healthcare AI, which means the category is on track to beat the record 30 equity deals in the last quarter.
Among the deals in July were several to AI-powered drug discovery platforms, including an $11M Series A to Berkeley, California-based BioAge Labs, led by Andreessen Horowitz. Another was a sign of big pharma’s interest: GlaxoSmithKline’s contract worth up to $43M with Scotland-based Exscientia. ...
One signal that it's early days for AI in healthcare is that many of these deals are the first time these companies are selling equity, rather than follow-on deals. Last quarter saw an all-time high of first-time deals to AI in healthcare startups. And 5 of the last 7 quarters have seen 10+ such deals. .... "
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