Fintech, AI and B2B seem to be the name of the game for 2017. Today, Microsoft announced its accelerator programme with 14 B2B startups. Apart from being in the B2B space, these 14 startups have another thing in common – they all have an artificial intelligence and machine learning startups or have some elements of the same as a core part of their product offerings.
Of these 14 startups, seven are series stage mature businesses, and at an average annual revenue rate (ARR) of $1.5 million and an average funding of $3.2 million. These include Sigtuple and Karomi, which have raised series stage funding in the last one month. The seed-stage companies, selected for deep-tech driven offerings, have an average ARR of $200k and an average funding of $1.5 million. They have been selected from the portfolios of Inventus Capital, IdeaSpring Capital, IDG Ventures, Pi Ventures and Accel Partners.