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Billion-Dollar artificial intelligence exits at a glance

Artificial intelligence is a sector that attracts big investor checks: Q2’20 saw $7.2B in funding, despite a 12-quarter low in AI deals. Our definition of AI companies includes not just SaaS companies, but also companies using AI as a core differentiator for their main product offering. It is also including insurtech company Lemonade’s recent public offering and Roche's massive acquisition of cancer tech company Flatiron Health.

 

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The industry has also seen its share of eye-popping exits. Even amid the Covid-19 pandemic, AI-powered companies like Lemonade and Zoox have garnered billion-dollar exits, with a $1.6B IPO and a $1.2B acquisition, respectively.

We take a close look at AI-powered companies with exits valued at $1B+.  The pace of massive exits like these has been on the rise: since 2013, 14 AI companies have exited at valuations of $1B+ — of those, 8 have taken place in 2019 and 2020 alone. We consider first exits only.


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