AI Business Circle In The Eyes Of Investors: 100 Billion Platform Companies Will Emerge In 10 Years

Su Dong, vice president of Walden International, first came into contact with Yuntian lifeI at a road show in 2016. At that time, there were not many security and AI vision enterprises, but after listening to Chen Ning's explanation, Sudong was still impressed because Yuntian lifeI had a complete set of dynamic portrait recognition system, and it was aimed at the public security field in security.

Facts have proved that Yuntian lifeI has found the right track. In 2016, Yuntian lifeI has cooperated with the police of Longgang District, using the deep eye system to help the police solve cases and find people. It has gradually copied this system from Shenzhen to more than 100 cities in China.

Subsequently, Walden International decided to follow up the financing of Yuntian lifeI in 2017 and continue to follow up in the follow-up financing. "When we decided to invest, we mainly looked at the reconstruction of the dynamic human image recognition system it built," Su Dong recalled to the 21st century economic report reporter. "At that time, Yuntian lifeI was already making AI chips, but we felt that the amount of face data was not enough, and the scale of the chip was not enough. So we were considering the role of the chip for face security cameras How big is it? At that time, Chen Ning still insisted on processing a lot of time, including the algorithm

From the early stage of entrepreneurship, algorithms, chips, and big data have become the three elements of cloud sky lifeI's research and development. "It is estimated that most people have not taken into account the importance of chips, which will be so prominent in the past 2-3 years. Therefore, Yuntian lifeI has created the whole system of algorithm chip and big data from chip end, camera end and cloud end. The company has also developed rapidly 。” Su Dong said.

On the other hand, Walden International's continuous follow-up investment also lies in the fact that Yuntian lifeI has carried out regional deployment. Su Dong, for example, said that the AI police system built by Yuntian lifeI has already landed in Shenzhen and other cities in Guangdong, Hong Kong and Macao Bay area, which means that the scene polishing and technical iteration of Yuntian lifeI can go ahead.

In addition to the field of public security, Yuntian lifeI has also expanded in urban governance, new business and other scenarios. For example, under this year's epidemic, artificial intelligence has a place to play in the fight against the epidemic, and Yuntian lifeI has also been involved in it.

At the same time, the competition in the AI circle is more intense. In the survival of the fittest in recent years, only the leading enterprises continue to expand the market, and there is also a homogenization side. Su Dong said: "the competition will certainly be more intense, because you have given such a high valuation in the past year or two, in fact, there is a high expectation. This expectation will finally be realized as your income, not to mention the net profit. At least, we are looking forward to the growth of income. Therefore, we are most concerned about the actual landing scene, and each family is competing for the layout."

After the market becomes more rational, people pay more attention to the nature of business, including scale, gross profit, growth rate, etc. Su Dong said: "profit is still relatively early, because we are still in the investment stage of R & D. The rapid growth of income and the strong universality of products are more critical. "

Qiu Zhijian, founder of Zhiben consulting, told reporters that AI's start-up projects in the previous two years were quite rampant, and there were also various projects that had been transferred from TMT, with flowers competing and weeds growing. "But now a lot of PE companies that have invested in AI can't stand it. Some investment managers of PE Institutions, or teams of securities companies, refuse to see AI projects."

As far as AI is concerned, it's still up to them to make profits in the existing industries. Otherwise, it's just a matter of whether they can survive in the existing industries.

Since the beginning of this year, the new pioneers of start-up companies have continued to go public and integrate capital and other resources. "For AI enterprises whose valuation was not so high and the financing scale was not so large, but their business focus was relatively high, it was an opportunity for them to land on the science and technology innovation board with a more reasonable valuation system, and then obtain the corresponding large-scale financing to raise funds from the secondary market." Su Dong said.

In his opinion, "in 10 years' time, this group of companies should be able to run out of platform level companies to enable AI for the whole industry, including chips, hardware systems, algorithms, and even non-standard customization scenarios. It may become a relatively large-scale company. I think there will be hundreds of billion level companies running out."

He also told reporters that the number of investment and financing of AI company has decreased in the last two years. Although the investment amount has slowed down, the capital is actually going to the top companies. "We are still betting on these top companies, but the cycle will be lengthened, waiting for whether the company's performance growth can meet the current valuation."

?