Venture Investments in IoT PAVEL CHERKASHIN

Transcription

1 Venture Investments in IoT PAVEL CHERKASHIN

2 Investment Fund & Entrepreneurs Hub Early-stage venture capital ~ $100M under management (and growing) HQ in San Francisco, CA Investment stages: product prototype to go-to-market Key focus areas: Artificial Intelligence Machine Learning Transportation (self-driving vehicles) Financial services Internet of Things Community Project: HACK TEMPLE Hub for technology startups Mission: Provide international startups equal access to networking, knowledge and resources of Silicon Valley Connect entrepreneurs with global corporations for free flow of ideas and business opportunities 2

3 CONSUMER Selected Portfolio Companies (IoT) SOFTWARE Analytics for retail Wearable tech with AI Satellite imagery for agriculture AI for building storylines 3D vision for self-driving cars CORPORATE Growing diamonds Security chips for IoT Autonomous fork-lifts HARDWARE 3

4 Our Dream Investments in IoT Communications for IoT era Reliable point-to-multipoint radio (beyond 5G, >1Gbps, >10Ghz) Affordable components for self-driving vehicles Sensors, 3D mapping, electric power and storage, navigation, smart city Decision-support systems (AI) From consumer recommendations to enterprise management New computing systems Optical, quantum computing, grid and distributed Space technology Anything that can be thrown to orbit Cyborg tech Cognitive tech, bioelectronics, implantable chips 4

5 Contact Information Know of any projects people inventions in these segments? Connect and share: 5

6 M&A Across IoT Landscape M&A activity in IoT has been robust over last 24 months as multiple constituencies have sought to improve their market position Observations Tracking the broader tech market, IoT sector has been active Diverse group of participants with unique perspectives and Connected Car & Telematics (1) IoT Wireless Chipsets (IoT Business) Semi Consolidation capabilities actively seeking to improve position Private equity also participating and building and buying scaled assets Security Identity Management Business IoT PaaS IoT Connectivity * Source: 451 Research as of (1) Represents Belden s unsolicited offer announced Page 0

7 Leading IoT and Wireless Research Canaccord Genuity s tech research team covers ~300 companies globally, including more than 30 leading IoTWireless companies Mike Walkley, Sr. Analyst Internet of ThingsConnectivity Tech 15+ years experience, previously at RBC Capital Markets, Raymond James Longest tenured coverage of IoT sector on Wall Street, frequent sought out as speaker for IoT industry events Matt Ramsay, Sr. Analyst Application-specific semis in wireless, IoT and data centers Industry experience from AMD and Sun Microsystems Selected by Institutional Investor Magazine as Rising Star in 2015 Coverage Universe Page 1

8

9 Money Matters James Brehm Michael Crawford Fred Thiel Pavel Cherkashin James Turino Mike Walkley Mike Lenoce Carl Ford

10 M&A Activity Deal Volume & Total Disclosed Value ($bn) $40.0 $30.0 Notable 2016 deals: ARM Holdings SoftBank Group: $30.4bn Fleetmatics Group Verizon Communications: $2.2bn Sensus Xylem: $1.7bn Jasper Technologies Cisco Systems: $1.4bn 127 $ $ $10.0 $ $0.6 $ $1.1 $1.2 $1.4 $ Transaction Value Deal Volume ($bn) 40 0

11 Private Placement Activity Deal Volume per Year 137 $2,500.0 $2,000.0 Total Transaction Value* ($m) Infineon raised $935m in debt financing and NavInfo raised $520m in 2016 $40.0 $35.0 $ $1,500.0 $1,000.0 $500.0 $- Mobileye raised $400m in Transaction Value SIGFOX raised $115m in 2015 and $160m in 2016 Av. Transaction Value $25.0 $20.0 $15.0 $10.0 $5.0 $- * Less than 10% of undisclosed transaction values

12 IoT Va l u e C h a i n 1. Capture 2. Transmit 3. Manage 4. Analyze Product Embedded Hardware and Sensors Network Infrastructure and Connectivity Data Collection, Storage and Middleware Data Analytics, Control and Automation Capture, track, monitor and temporarily store target data until eventual retrieval Transmit target data to and from product andor device to external environment for storage and analytics Manage incoming target data through computing and storage capabilities, as well as providing a platform for interoperability Analyze target data to control, optimize andor automate processes QAdvisorsLLC 2017 Allrights reserved.

13 Number of Transactions Number of Rounds Capture. Sensor-Embedded Products, Machines & Hardware Capture 31 $4.1 billion Transmit 32 $2.1 billion Manage 32 $5.5 billion Analyze 35 $0.4 billion (1) Excludes 53 out of 130 total transactions with undisclosed data IoT T R A N S A C T I O N H EAT M A P Transmit. Network Infrastructure & Connectivity IoT Value Chain Manage. Data Collection, Storage & Middleware Analyze. Data Analytics, Control & Automation Mergers and Acquisitions 2014 YTD 2017 Financings (VC and PE) 2014 YTD warm hot $0.0 $0.0 $45.0 $30.0 $90.0 billions $60.0 $0.0 $0.0 $0.5 $1.0 $2.0 $1.5 $2.0 $4.0 $ Aggregate Transaction Value billions coldaggregate Transaction Value warm 0 # of Deals Avg. $ Deal Size 0 (EV)1 # of Deals Avg. $ Round Size (Capital Invested)1 Capture 61 $58.0 million Transmit 31 $28.0 million Manage 68 $64.0 million Analyze 98 $92.0 million (1) Excludes 16 out of 258 total transactions with undisclosed data *Based on data from Capital IQ and public sources. Companies were segmented by Q Advisors according to their primary functions as of February QAdvisorsLLC 2017 Allrights reserved.

14 Living in the Days of Unicorns # of Cos $Bs Invested Series1 Series2.5 $Trillion Invested B+ 1 <10B 2 <40B 3 >40B 4

15

16 Questions Is IoT an Unlimited Market? What Pressures are on IoT Companies Today? What trends do Unicorns represent in IoT? Predictions for the future. Exits and Opps?