NEW YORK  | September 12, 2018 – Drake Star Partners announced today that it released its first report on Artificial Intelligence (AI). This inaugural publication focuses on trends in financing and M&A in the North American AI sector, providing coverage of both major players in the space and large financing transactions, as well as many innovative, disruptive companies in the sector.

The report also provides the firm’s five exclusive predictions and trends to watch pertaining to the sector, as AI keeps growing as one of the most dominant stories in the technology space. These predictions are the product of Drake Star Partners’ deep sector expertise, ongoing research and transactional work throughout this dynamic industry.

Among some of the report’s main findings, the rise of artificial intelligence has been sustained by increasing investment in the sector, with US$24bn of investment in the industry made over the past three years, according to Drake Star’s data. The report further highlights the most active venture investors in the sector, including Data Collective, Khosla Ventures, Intel Capital, New Enterprise Associates, Google Ventures, and Bloomberg Beta, as well as the most active corporate buyers which include tech leaders such Google, Apple, Intel, IBM, Salesforce and Facebook, amongst others.

Gregory Bedrosian, Managing Partner and CEO at Drake Star co-authored this report in collaboration with Lyle Finkler, Associate Vice President at the firm. Gregory Bedrosian commented: “Our research and transaction activity across AI allows us to predict some of the technology’s future implications and applications. We are thrilled to share our top five trends to watch which were developed and based upon today’s current context of an already burgeoning proliferation of AI thanks to increased demand, accessibility and affordability.”

He continued: “Of those five predictions highlighted in this report, one which we see as being critical relates to AI’s cross-industry applications and opportunities. We envision AI as a truly horizontal technology being adopted in key verticals, such as healthcare, financial services, retail, energy and mobility, to name just a few. We believe it is this increased cross-industry application of AI that will underpin the growth and development of these key verticals over the coming years.”

Download the report by visiting our Sector Report webpage.

Enquiries

For further enquiries on Drake Star Partners’ inaugural AI report, please contact:

Gregory Bedrosian
Gregory.Bedrosian@drakestar.com 

Lyle Finkler
Lyle.Finkler@drakestar.com