EQT Ventures: VC fund uses Motherbrain AI tech to find hot startups - Business Insider

This story requires our BI Prime membership. To read the full article,Swedish investment firm EQT Ventures employs a proprietary AI and big data tool to identify hot startups to invest in as it looks to stay ahead of the pack in Europe.

That may be changing as the industry looks to adopt algorithmic and data-driven investing as standard, with Sweden's EQT Ventures set up deliberately for that purpose. "We're in a competitive situation where founders have the choice of many funds which is hard to quantify so we think long term, 15-20 years from now, if you're not data-driven you won't be around anymore," Jornow told Business Insider in an interview at Web Summit in Lisbon.

The platform would have successfully picked out a number of — undisclosed — unicorns in the market with its current configurations, EQT claimed. Landgren indicated that the fund is constantly adding sources to Motherbrain and that as much time is spent analyzing and learning from existing data sets as looking for new ones.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Balderton Capital: New $400 million fund for European tech startups - Business InsiderLondon headquartered Balderton Capital new fund will invest in Series A rounds in some of Europe's most exciting startups. Any one else read that as dicktrace and depoop?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Balderton Capital: New $400 million fund for European tech startups - Business InsiderBalderton Capital's new fund will invest in Series A rounds in some of Europe's most exciting startups.
Source: BusinessInsider - 🏆 729. / 51 Read more »

AI startup Dumbstruck claims to use emotion to evaluate video ads - Business InsiderDumbstruck claims it can measure emotional responses to test video ads before they run — potentially saving marketers millions in media waste.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stoke Talent used this pitch deck to raise $4.5 million in seed funds - Business InsiderStoke Talent has developed a human-resources software system designed to help companies manage their freelance work forces.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple Card under fire for alleged discrimination - Business Insider - Business InsiderApple Card is under fire for alleged discrimination – some husbands received greater credit limits than their wives despite shared financial accounts. Apple are getting into the debt business. They have to do something with all that hoarded tax money sitting in banks doing nothing. dhh is your profile photo that outdated? 😂😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »