- AI startups raised $60 billion last year and investors have continued to pile in on the tech in 2023.
- The frenzy around AI comes after the launch of OpenAI’s ChatGPT chatbot.
- Below are 20 pitch decks used by European startups deploying AI in everything from health to property.
There’s an AI gold rush right now.
Investment into startups using or creating artificial intelligence hit an all-time high in 2021, with $113.3 billion poured into the sector, per Dealroom data. While this fell to $60 billion by 2022, the first three months of 2023 were off to a promising start at $13.5 billion deployed.
The investor rush is down, in part, to the release of ChatGPT in late 2022 by US startup OpenAI, cofounded by Sam Altman and Elon Musk. The chatbot became the fastest-growing app in internet history, and almost immediately disrupted education, copywriting, consultancy, and other sectors.
It’s possible that it’s just another bubble, akin to the short-lived Web3 fad of 2022. But proponents say AI has broader use cases and few similarities to crypto’s “cynical business models”. AI was also alive and well long before the current hype around generative AI.
Recent, high-profile rounds include Andreessen Horowitz and ex-GitHub CEO Nat Friedman leading an anticipated $18 million round into voice intelligence startup ElevenLabs, at a possible valuation of $100 million. Venture capitalists are also eyeing startups in the vector-database sector, where valuations are hitting up to $700 million.
These are some of the pitch decks that founders have recently used to raise millions for their AI startups, from top investors such as Temasek, Insight Partners, Alven, Index Ventures, and more.
Generative AI, media, and design
This startup uses generative AI to speed up the property-buying process. Check out the 14-slide pitch deck Orbital Witness used to raise $9 million.
Supernormal, a generative AI startup that automates meeting notes, just raised $10 million. Check out the 17-slide pitch deck it used to bag the seed round.
This startup, founded by ex-Google and Palantir staffers, uses AI to generate realistic voiceovers. Here’s the 14-slide pitch deck ElevenLabs used to raise $2 million.
Creative Fabrica raised $61 million after launching AI design tools based on GPT-3 and Stable Diffusion. Check out its 19-slide pitch deck.
Checkstep uses AI to moderate online platforms. Here’s the 7-slide pitch deck it used to raise $5 million in seed funding.
This AI startup helps Big Tech firms compress videos while maintaining quality. Check out the 50-slide pitch deck Deep Render used to raise $9 million.
This former Googler’s stealth startup helps scientists design proteins using AI. Check out the 16-slide deck Cradle used to raise $5.4 million in seed funding.
These 3 founders are using AI to analyze patients’ biological profiles and recommend drugs. Here’s the 15-slide pitch deck they used to raise $5 million backed by Microsoft.
This startup using AI to help nurses manage their workflow just landed $5.3 million. Check out the 13-slide pitch deck Teton.AI used to raise the funds.
Check out the 11-slide pitch deck these ex-DeepMind staffers used to raise $5.5 million for their large language model startup Glyphic AI
This startup helps Fortune 500 companies build computer vision AI models. Check out the 44-slide animated pitch deck V7 used to raise a $33 million Series A.
Opus uses AI to help train up deskless workers. Check out the 19-slide pitch deck it used to raise $6.8 million.
This startup combines neuroscience and AI to predict consumer spending for the likes of Google and Ikea. Check out the 14-slide pitch deck Neurons used to raise $6 million.
Buynomics uses behavioral economics to help predict customer behavior. Here’s the 14-slide deck it used to raise $13 million led by Twitter-backers Insight Partners.
This startup wants to remove unconscious bias in recruitment through AI. Check out the 15-slide pitch deck Screenloop used to raise $7 million in seed funding.
Fetch.ai helps companies build and deploy autonomous smart agents. Check out the 19-slide pitch deck it used to raise $40 million.
This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets. Check out the 10-slide pitch deck Kluster used to raise $5 million.
Iris Audio, a startup that uses AI to isolate voices and remove background noise from calls, just raised $7 million with this 13-slide pitch deck
Centuro Global becomes the latest AI startup to tap up investors in 2023. Check out the 16-slide pitch deck it used to raise $4 million.
This startup deploys AI in restaurants to make them operate more efficiently. Check out the 12-slide pitch deck Nory used to raise $7.6 million.
Read the full article here