2019 as consolidation wave grows, 2020 blows as Covid-19 takes it toll
AI acquisitions 2019-2020: AI acquisitions hit record numbers in 2019 as consolidation wave grows. In a scarce AI talent market, vendors target startups to grow AI skills and solutions in their workforce. Here are some AI acquisitions of 2019. In 2018, the total number of AI exits — the point at which company’s backers capitalize on their investments — was 192.
Last year, consolidation in the AI market hit record numbers. AI companies underwent 231 merger and acquisition (M&A) deals and 10 initial public offerings (IPO) in 2019.
According to data from analyst firm CB Insights. Q1’20 saw nearly 500 AI startups across 42 countries raised over $8.4B. In this interactive report built with CB Insights Stories, we dive into the global AI landscape in Q1’20 while shining a light on the impact of the Covid-19 outbreak.
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