06.2 Deepening Europe’s frontier tech credentials Many interesting deep tech companies have raised funding Many interesting deep tech companies have raised funding Many interesting deep tech companies have raised Selected investment rounds raised by European this year in Europe deep tech companies in 2018 this year in Europe funding this year in Europe. Industry Location Last round Round size ($M) Industry Location Last round Round size ($M) Selected investment rounds raised by UiPath Enterprise software Romania Series C 225 European deep tech companies in 2018 Selected investment rounds raised by UiPath Enterprise software Romania Series C 225 European deep tech companies in 2018 Ledger FinTech France Series B 69 Ledger FinTech France Series B 69 Celonis Enterprise software Germany Series B 50 Celonis Enterprise software Germany Series B 50 Darktrace Legal security United Kingdom Series E 50 Darktrace Legal security United Kingdom Series E 50 Meero Media France Series B 45 Meero Media France Series B 45 Iceye Media, Transporation Finland Series B 34 Iceye Media, Transporation Finland Series B 34 Navya Robotics, Transportation France Series C 34 Navya Robotics, Transportation France Series C 34 Varjo Media Finland Series B 31 Varjo Media Finland Series B 31 Medopad Health, Enterprise software United Kingdom Series A 28 Medopad Health, Enterprise software United Kingdom Series A 28 Tractable FinTech United Kingdom Series B 25 Tractable FinTech United Kingdom Series B 25 Note: Note: Some of the numbers converted from EUR to USD with an FX Source: Some of the numbers converted from EUR to USD with an FX rate of 1.13, the rate on 14 November 2018. rate of 1.13, the rate on 14 November 2018. Source: “ Going forward, I can see more R&D based start-ups coming out of European universities, building off multidisciplinary teams of scientists and engineers and tackling some of the large challenges of our century like sustainability and health. These businesses will likely be global from day one. Europe will then need to make sure to keep (and fund) this talent here, by creating the right incentives for the eco- system and adapting to the different requirements these businesses Irina Haivas have in terms of funding and milestone expectations, new business Atomico models and talent.” Artiïcial Intelligence continues to dominate the deep tech Arti cial Intelligence continues to dominate the deep tech landscape in terms of capital invested. landscape in terms of capital invested. Artificial Intelligence continues to dominate the Capital invested ($M) by deep tech sub-category Capital invested ($M) by deep tech sub- Artificial Intelligence 234 582 1,086 1,382 2,306 1,965 Artificial Intelligence 234 582 1,086 1,382 2,306 1,965 deep tech landscape in terms of capital invested. Hardware 408 376 1,197 1,674 943 1,282 category Capital invested ($M) by deep tech sub- Hardware 408 376 1,197 1,674 943 1,282 Internet of Things 62 223 555 837 677 684 category Internet of Things 62 223 555 837 677 684 Blockchain 45 133 66 171 223 651 3D 100 111 282 325 264 610 Blockchain 45 133 66 171 223 651 Big data 146 317 455 358 516 452 3D 100 111 282 325 264 610 Robotics 10 35 94 187 243 368 Big data 146 317 455 358 516 452 Search 96 441 458 575 328 299 Robotics 10 35 94 187 243 368 Virtual reality 7 32 160 304 652 244 Search 96 441 458 575 328 299 Computer vision 23 3 106 115 107 237 Virtual reality 7 32 160 304 652 244 Developer tools 78 156 97 142 668 205 Computer vision 23 3 106 115 107 237 Semiconductors 154 78 162 159 159 183 Developer tools 78 156 97 142 668 205 Nanotech 23 13 101 182 49 145 Semiconductors 154 78 162 159 159 183 Predictive analytics 16 353 274 273 156 120 Nanotech 23 13 101 182 49 145 Drones 7 3 70 75 29 112 Predictive analytics 16 353 274 273 156 120 Deep learning 19 31 89 63 196 71 Drones 7 3 70 75 29 112 Speech & Hearing 23 71 2 37 35 14 Deep learning 19 31 89 63 196 71 Radar 9 21 5 19 13 0 Speech & Hearing 23 71 2 37 35 14 2013 2014 2015 2016 2017 2018 Radar 9 21 5 19 13 0 Note: 2013 2014 2015 2016 2017 2018 Hardware includes hardware manufacturing. 2018 based on 9 Source: months to September 2018 and projection for Q4 2018 based on Note: Q3 2018. Hardware includes hardware manufacturing. 2018 based on 9 Source: months to September 2018 and projection for Q4 2018 based on Q3 2018. Throughout history, Europe’s been known for its innovations and even today, top research projects are led by European teams, so let’s make sure this remains the case in the coming years. “ Europe is home to the largest share of top 100 AI research institutions globally in addition to being home to half of the top computer science institutions. Throughout history, Europe’s been known for its innovations and even today, top research projects are led by European teams, so let’s make sure this remains the case in the coming years.” Rasmus Ekholhm Slush & 89 In Partnership with www.thestateofeuropeantech.com