How has the exit activity for artificial intelligence developed in the first half of 2019? This blog post explores AI exit metrics through Q2 2019 and compares them to previous years. The graph below shows the number of AI exits by year, stacked by quarters.
As the graphic demonstrates, AI has seen a total of 38 exit events through Q2 of this year. This represents 60% of the total exits in 2018, and 119% of the exits through Q2 in 2018. Some of the exit events in Q2 2019 include Cognigo’s acquisition by NetApp, Leap Motion’s acquisition by Ultrahaptics, and PagerDuty’s IPO.
A straight-line projection of the completed exit activity this year would come out to 76 exit events, which exceeds the total exits in 2018 by 21%. By the same token, a weighted quarterly average projection of 2019 exit activity would come out to 75 exit events, which surpasses the total exits in 2018 by 19%. Therefore, based on the mid-year data, AI exit activity in 2019 is projected to increase from the exit activity in 2018.
To learn more about our complete artificial intelligence dynamic report, visit us at www.venturescanner.com or contact us at [email protected].
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