SparkLabs Group Deep Tech Sector Overview 2017

Global Influence of the SparkLabs Group
Founded in 2013, SparkLabs Group (www.sparklabsgroup.com) comprises of SparkLabs Accelerator, Asia’s premier
accelerator network, with operations in South Korea (1st launched in 2012), China, Hong Kong and Taiwan (2018);
SparkLabs Global Ventures, a global seed-stage fund; SparkLabs Capital, a late stage investment vehicle, and
SparkLabs Ventures, our new early-stage fund for South Korea.
Our team previously has led investments in Siri (sold to Apple), DeepMind (sold to Google for over $500M), Spotify
(board member), Studio Ex (co-founded, sold to Disney), Hostway (co-founded, sold to a PE fund) and others. We have
been advisors to King.com (NYSE: KING), OpenFeint (sold to GREE for $104M), Disney Interactive, and others.
We have invested in 155 companies across all of our entities and across 6 continents. Some of our companies are
Memebox, which closed $126 million total in their Series C in 2016; Payoff, a leading financial wellness company,
closed $46 million Series C in 2016; Andela closed their $24 million Series B in 2016, and was the first investment for
the $45B Chan Zuckerberg Initiative; Lifesum closed their $10 million Series B with Nokia Growth Partners leading in

2016; and Petnet closed a $10 million Series A with Petco as their lead in 2016. We are a young firm that is excited
about the future and passionate about helping entrepreneurs across the globe.
SparkLabs Group has built a strong early stage deep tech portfolio with investments in AI, VR & AR, autotech, IoT,
fintech and health tech sectors. Because of this experience, we were chosen as the exclusive co-investment partners
for Entrepreneur First’s Singapore program, the first Barclays FinTech Accelerator class, and the exclusive
innovation partner for SongDo, a $35 billion smart city built from the ground up in South Korea.
Global Influence of the SparkLabs Group

Artificial
Intelligence&
MachineLearning
02
VirtualReality&
Augmented
Reality
Transportation,
Logistics,Smart
Cities&IOT
04
03
Blockchain
&FinTech
Health&
Wellness
01
05
DeepTechInvestment Sectors
Space
06

"The most transformative ideas are typically the most
contrarian until they gain massive momentum.
Cryptocurrency is one of those ideas. Digital
currencies hold the promise of transforming the
entire global financial system, and yet we are just
beginning to see the ways in which they allow users to
go over-the-top of traditional financial infrastructure
and thereby reach parts of the world that banks and
payment networks never could.”
Josh McFarland,
Partner at Greylock

BitcoinSurges
• If you bought $100 of bitcoin 7
years ago, you would have over
$100 million today.
• Peter Schiff, CEO of Euro Pacific
Capital, says “Bitcoin is a gigantic
bubble.”
• ”Masterluc”, a legendary bitcoin
trader, predicts that bitcoin will hit
$15,000 by the end of 2017.
• As of September 2017, the market
cap for Bitcoin is over $75 billion

Ether’sRise
• Ether has risen 3000% since
the beginning of 2017.
• As of September 2017, the
market cap for Ether is over $30
billion

TotalValueoftheCryptocurrencyMarket
Source:
Coindesk’s State
of
Blockchain Q2
2017

Blockchain& BitcoinVentureCapitalTrends

• Venture capital into bitcoin and
blockchain startups have been rapidly
increasing every year.
• In 2016, venture capital in
bitcoin and blockchain totaled
under $500 million, and only a 1%
increase over 2015.

“As Larry Summers said at the Consensus Conference in
early May, anyone who doesn't think blockchain
technologies will have a significant impact on the
major systems of the world is probably wrong.
What's still unclear - aside from their use at the heart of
Bitcoin, Ethereum, and every major digital currency – is
precisely how and where. There are lots of distributed-
database applications for which a traditional database will be
more than suitable. But anywhere you're building a network
that has to be resilient in the face of bad actors (intentional
or not) and where you want to avoid granting just one
company or government the ability to control the ecosystem,
you're going to want a blockchain.”
Brian Behlendorf
Executive Director,
The Hyperledger
Advisor, SparkLabs
Global Ventures
Venture Partner,
SparkLabs FinTech

• There has been a significant shift
from bitcoin focused investments
to blockchain focused
investments.

GlobalSpendingTrendsforBlockchain

“We are going through a sociological transformation
where bitcoin and the blockchain can be the vehicle to
banking the unbanked, insuring the uninsured,
governing the poorly governed, and it will keep records
and tag every piece of data.”
Tim Draper
Founder of Draper Associates, DFJ, and
the Draper Venture Network. He is also
an early bitcoin investor and overall
cryptocurrency enthusiast.

Seoul
Blocko is
the
leading
enterprise
blockchain company

in
South
Korea
(2015).

World’s
1st
GS
certified

blockchain enterprise,
the
world’s
1st
blockchain
service
in

banking
sector,
and
supplied
92%
of

blockchain enterprise
solution
projects
in
Korea
last

year.
Blockchain
London
Origin’s
sophisticated
bond
market
technology

platform
directly
connects
fixed
income
investors

with
large
corporate
borrowers
in
the
bond
market.
Part
of
Barclays
Techstars FinTech Program.
SparkLabs

Global
invested
in
their
seed
round.
BondMarketsTech
SparkLabsDeepTechPortfolioHighlights: Blockchain& FinTech

Seoul
Sentbe is
the
leading
bitcoin
remittance
company
in

South
Korea.

The
overseas
remittance
market
in

South
Korea
is
about
$40
billion.
Bitcoin
Stockholm
CRYEX
mission
is
to
provide
equal
access
to
the
FX

market
for
all
market
participants
in
an
easier,
faster,

transparent,
and
more
cost
efficient
way.
CRYEX

objective
is
to
establish
efficient,
pre-‐ and
post-‐trade

infrastructure
solutions
for
currency
trading.
Blockchain

London
AI
driven
credit
scoring
system.
Aire API
deploys

seamlessly
into
the
existing
web
and
mobile

workflow
of
the
online
credit
application
forms
of

typical
banks
and
lenders
Part
of
Barclays
Techstars FinTech Program.

SparkLabs
Global
invested
in
their
seed
round.

Recently
closed
A
round
led
by
WhiteStar and

Sunstone
Silicon
Valley
SelfScore technology
combines
online
profiles,

phone/sensor
data,
psychometric
questions
and

network-‐based
feedback
to
provide
smart
credit
scoring

insights
to
users
and
contextual
information.
SparkLabs
Global
invested
in
their
seed
round.

Their
Series
A
was
led
by
Accel and
Aspect
Partners.
CreditScoringCreditScoring

"Blockchain is the technology that is going to have
the greatest impact in the next coming decades by
disrupting services like finance, healthcare, cybersecurity,
real estate, identity verification, insurance, retail, IoT,
transport and many others. SparkLabs has already
invested in a number of blockchain companies around the
world and we are going to continue make significant
investments globally in this space fueling the next
generation of the Internet.”
Net Jacobsson,
Co-founder &
Partner at
SparkLabs
Global Ventures
@Net

“AR excites me because by the end of the
year about 400 million people will get
on it just through Apple devices and it
opens up a new world where every surface
will have new kinds of personalized
meaning applied to it.”
Robert Scoble
Partner,
Transformation Group

• AR/VR could hit
$150 billion revenue
by 2020, with AR
taking the lion’s
share around $120
billion and VR at
$30 billion.
AV& VRMarketOverview

• Mobile AR could become
the primary driver of a $108
billion VR/AR market by
2021 (underperform $94
billion, outperform $122
billion), with AR taking the
lion’s share of $83 billion
and VR $25 billion.
Source:
Digi-‐Capital

VR/AR investment is now moving beyond AR/VR innovator VCs to early adopter VCs, and the next 12 months could
see early majority VCs joining in the fun.
Source:
Digi-‐Capital
Source:
BOM

Source:
BOM
Based on the unweighted average of the aforementioned projections, this market will grow more than 20-fold from
$1.1 billion in revenue in 2016 to $24.3 billion in 2020.

Goldman Sachs expects the following nine sectors to drive the software market: videogames, live events,
video entertainment, healthcare, real estate, retail, education, engineering and defense. The three biggest
markets in both 2020 and 2025 will be entertainment, healthcare and engineering.

Silicon
Valley
DoubleMe provides
a
novel
3D
capture
system,

HoloPortal™,
that
converts
2D
videos
into
dynamic
3D

models
in
real-‐time
for
various
3D
content
markets
Seoul
Urbanbase is
focused
on
making
2D
floor
plans
into
3D

models
in
a
matter
of
minutes.
This
dimension
changing

solution
is
powered
by
a
unique
algorithm.
VRTech VRTech
SparkLabsDeepTechPortfolioHighlights: VR& AR

San
Francisco
Emergent
VR,
Inc is
a
technology
startup
in
San
Francisco

building
a
new
way
to
create
and
share
moments
and

memories
using
virtual
reality.
They
are
led
by
VR,
game,

and
animation
industry
veterans
from
Disney,
2K
Games,

and
DreamWorks
Animation.
Singapore
VRcollab is
a
multi-‐user
VR
communication
tool
to

replace
floor
plan
and
3D
based
discussion
to
VR-‐based

discussion.
Allowing
for
an
impressive
experience
and
an

intuitive
understanding
of
both
space
and
design
for

better
workflow
optimization
VRTech VRTech
SparkLabsDeepTechPortfolioHighlights: VR& AR

“I believe VR's biggest contribution to humanity is in
the mental health and job training whereas
entertainment is secondary.
VR for mental health and job training is one of
the few technologies and applications that
return real 10x-100x productivity gains. Since VR
directly accesses our visual cortex, this gives ample
opportunity for behavioral change;; good or ill. At
Presence, we have a handful of companies in our
portfolio that treat autism, chronic pain, and job
orientation and training in a virtual environment. ”
Phil Chen
Partner at
Presence Capital
Presence has
invested in over 30
AR/VR companies

“Everything is getting connected. It started off with PCs
and routers and continues to expand to every device in
your home and in your city. But, it is not the
underlying connectivity technology that matters
most. That will always evolve, getting faster and more
ubiquitous - it’s a given. The question is what can
you do on top of the connectivity? You need
something on the other side to connect with -
whether it’s a device, a service, a cloud, storage
or whatever entity comes next. If you think it
makes sense to have your car connected to Alexa in
the cloud, then what can you do with that?
Connectivity provides a platform for creativity and
innovation to occur, which will bring the future."
Kurt Hoppe
Global Head of
Innovation -
Connected Car at
General Motors
@kurthoppe

MobilityMarket
Source:
Goldman
Sachs
Global
Investment
Research

Source:
Venture
Scanner
Mobility& AutoTechStartups

AutoTechMarketMap
Source:
Venture
Scanner

CarMakers Communications Software
Source:
Business
Insider
The ‘connected car’ is creating huge new business opportunities for auto, tech, and telecom companies. It seems
that everyone is entering this space from car makers, communication companies and major software companies.
ConnectedCarOpportunities

• Self-driving cars is projected to be a $87 billion opportunity by 2030
• Carmakers and technology developers building self-driving cars will create opportunities in hardware, software,
and sensors, with software emerging as the biggest winner, even though a fully autonomous driverless car will
remain elusive (Lux Research)
Source:
Lux
Research
AutonomousVehicleOpportunities

• Sales of connected cars will equal $2.3 trillion in 2020. The current average selling price of a connected car is
much higher than the national average, but that will drop as carmakers connect their economy lineups.
• Connected car hardware and software will bring in $152 billion in 2020. Driver assistance systems, such as self-
parking features, will become more common and generate a lot of revenue for carmakers.
• Shipments of autonomous vehicles are expected to top 180,000 by 2020.
Number of totalconnected carson theroad Shipmentsof autonomousvehiclesby 2020
AutonomousVehicleMarket: 220 MillionConnectedCarsby2020

Connected-CarRevenueFromProvidingSystems
AutonomousVehicleMarket: Connected-CarRevenue
Source:
Business
Insider

• 44% of all autotech deals were early stage deals (Angels/Seed and
Series A rounds).
• By geography, California is by far the furthest ahead, with more than
60 deals at autotech.
• There has been a lot of activity outside of the U.S., especially in Asia.
Mobileye, an Israeli company, went public, and China and India have
seen a handful of financings in autotech industry.
TopInvestorsinAutoTechCompanies
DealsIntoAutoTechBySeries
AutoTechInvestments
Source:
CB
Insights

CarVi was started because of a tragic road accident
that took away 3 lives of our friends. CarVi and self-
driving cars solve the same problem: vastly
reducing human driving error. However, only a
micro-percentage of consumers will be able to
afford a self-driving car. While all drivers
understand the importance of safety on the road, not
everyone is able and/or willing to pay a high price for
safety features. CarVi aims to bring the most
affordable safe driving technology.
Dinesh C
Co-founder & Chief
Creative Officer
at CarVi

SparkLabsDeepTechPortfolioHighlights: Mobility

Seoul
FESCARO
is
a
specialized
automotive-‐security

startup
developing
a
solution
which
can
be

applied
to
mass
production
of
self-‐driving
and

connected
cars.

Founded
by
former
ECU
developers
and
white

hackers,
it
is
currently
developing
a
new

leading-‐edge
technology.
Seoul
Rokwon IT
develops
an
IOT-‐based,
real-‐time

monitoring,
control,
and
3D
visualization

solutions
for
logistics
and
supply
chain

management.

The
company’s
Virtual
Terminal
and
Eagle
Eye

Server
products
enable
clients
such
as
ports
to

reduce
costs
by
streamlining
processes
through

sensor-‐based
real-‐time
data.
San
Francisco
LocusLabs provides
the
platform
and
tools
that

enable
apps
to
be
location-‐aware
on
a
micro

level.
LocusLabs is
going
a
level
deeper
than

existing
mapping
solutions
by
not
only
mapping

just
places,
but
people,
products
and
things

using
technology
that
scales.

Current
customers
include
United
Air,
American

Airlines,
British
Airways,
Kayak
and
others.

AutoTech TransportationLogistics LocationLogistics
SparkLabsDeepTechPortfolioHighlights: AutoTech& Logistics

“Industrial IoT will dramatically change how many
Fortune 500 companies operate. This is not only about
environmental sensors and sensors integrated into the
manufacturing processes, but we believe real-time
visualization along with all of this new data is
essential to companies making the best and right
decisions at critical moments.”
N3N was Cisco’s first internet of things investment in the world. The
company is an IoT visualization company based in Seoul and San
Jose, CA. Their clients include Samsung Electronics, LG Display,
Posco (3rd largest steel company in the world), Hyundai Motors, and
others.
Jimmy Kim
Co-founder &
President of N3N
and Co-founder of
SparkLabs

Our team believes Industrial IoT will be bigger than the consumer IoT space. With over 13 billion connected
devices in the world and millions more coming online every week, the amount of data that we are collecting is
amazing. From street signals to manufacturing plants to construction cranes to jet engines, the aggregate data
companies collect will be overwhelming and exciting at the same time as they try to figure out what to do with it
and how best to analyze and apply the knowledge gained from all of this new data.
The SparkLabs Group team identifies 3 current areas of
innovation and growth in the industrial IoT space:
• Artificial Intelligence / Machine
Learning
• Security
• Sensor Driven Computing
IndustrialInternetofThings: SparkLabsInsight

Source : BI Intelligence Estimates
• The number of IoT devices
connected will increase to 25
billion by 2020.
• Connected homes seems to be
the leading sector, however, all
sectors are expected to
exponentially grow.
As prices for semi-conductors fall and connectivity technology develops, more machines are going online.
Appearance of smart objects is the main driver of IoT industry’s development.
IndustrialInternetofThings: MoreMachinesareGoingOnline

The Industrial IoT market size was $181.3 billion in 2013, and it is expected to reach $319.6 billion in 2020
at a CAGR of 8.15%. (MarketsandMarkets).
IndustrialInternetofThings: ForecastofGlobalIoTMarket

Our team identified 3 current areas of innovation and growth in the industrial
IoT space: Artificial Intelligence / Machine Learning, Security, and Sensor
Driven Computing.
• AI & Machine Learning
This might be the most critical aspect of industrial IoT since gathering all
the data from millions or billions of sensors is useless without insights and
learning.
• Security
Most of the IoT space is relatively unsecured, so this is a high priority for
private and public sector leaders. From Jeep hacks to baby monitors,
people have been shown how unsecure connected devices really are.
• Sensor Driven Computing
While very early, the potential of sensor driven computing is enormous.
Think Google Now for manufacturer, industrial robots and smart cities. It
could be an automated world beyond our current imagination.
IndustrialInternetofThings: GrowthSectors

Category Company Sector News
Tech Giants
Cisco
Infrastructure
Hosted Internet of Things World Forum that shows 250+ real-world
deployment examples of companies and municipalities around the
world are applying the Industrial Internet to drive efficiencies.
GE
Realized more than $1 billion in incremental revenues in 2014 by
helping customers improve asset performance and business
operations through Industrial Internet capabilities and services
Siemens
Launched a new $100 million “Industry of the Future Fund” to fund
early-stage start-ups in industrial automation and other digital
technologies that can transform future manufacturing
Huawei Telecommunication
The acquisition of Neul, the UK-based Industrial Internet startup,
that was one of the key supporters of the weightless standard for
low-power M2M Communications
Startups
RetailNext Retail
Enables retailers and manufacturers to collect, analyze, and
visualize data about in-store customer engagement.
DeepMind
(Acquired by Google)
Artificial
Intelligence
Models eschew pre-scripted forms of artificial intelligence and
instead rely on experiential learning based on rudimentary
capabilities using deep learning
Airware Aerospace/Drones
The aerial information platform for the rapid development and safe
operation of commercial drones, providing hardware, software and
cloud services
Matterport 3D printing
Enables create a realistic 3D model and share over the Internet
using sensor technology.
IndustrialInternetofThings: MajorPlayers

San
Francisco
BioInspira is
building
safer
cities
by
providing
a
sensor-‐
enabling
detection
grid
for
natural
gas leaks,
and

delivering
remote
and
real-‐time
leak
monitoring
and
risk

prioritization
to
utilities
and any
parties
of
interest
for

safety,
security,
and
environmental
purposes.
Singapore
Hydroleap revolutionizes
the
wastewater
treatment

industry
by
replacing
chemical
treatment
with
electrical

treatment.
Their
Patent-‐pending
technology
uses

common
metals
such
as
aluminium/iron
and
lowers
the

power
consumption
to
reduce
the
cost
of
treatment
by

10
times.
Team
has
PhDs
and
engineers
with
expertise
in-‐
water
treatment,
electrochemistry,
membrane
and

electrical.
EnvironmentalTechEnvironmentalTech
SparkLabsDeepTechPortfolioHighlights: SmartCity& Environment

Gujarat,
India
Oizom is
an
environmental
solutions
company.
Started

with
a
life-‐centric
approach,
Oizom builds
data
driven

solutions
for
natural
resources:

air,
water,
soil,
and

energy.
Through
an
ecosystem
of
products
and
machine-‐
learning
data-‐science,
Oizom’s instruments
aims
to
make

the
environment
understandable
and
predictable.
Such

as
Polludrone,
which
an
advanced
ambient
air-‐quality

monitor
for
cities.
EnvironmentalMachineLearning
SparkLabsDeepTechPortfolioHighlights: SmartCity& Environment
Sydney
Freestyle
has
built
a
CDP
(Connected
Device
Platform)

targeting
utilities,
but
will
expand
into
logistics,

agriculture,
healthcare
and
other
verticals
in
the
coming

years.
Their
primary
product
is
a
microengine for
remote

services
that
can
be
integrated
into
any
device
within
1-‐2

months.
Devices
such
as
electricity
meters,
smart
plugs,

street
lights,
and
others.
The
company
has
31
patents

and
current
deployments
exceed
4,000
households
in

Taiwan,
Korea
and
China.
Utilitiesmonitoring

Dublin
&
San
Francisco
Drop
is
developing
a
full
Kitchen
operating
system

applying
technology
and
design
to
simplify
and

streamline
cooking,
making
it
easy
for
anyone
to
take

their
kitchen
skills
to
the
next
level.
Drop’s
focus
begins

with
baking.
There
are
over
30
million
bakers
in
the
U.S.

alone
and
for
many
of
them
finding
and
following
a

recipe
is
a
frustrating
process
that
often
leads
to

unpredictable
results.
KitchenOS
SparkLabsDeepTechPortfolioHighlights: SmartCity& SmartHome
Singapore
SensorFlow is
an
end
to
end
product
that
makes
buildings

energy
efficient.
Customers
pay
a
monthly
subscription.

The
company
has
a
proprietary
solution
that
is
easy
to

install
which
enables
hotels
and
other
buildings
to
save

20%
on
their
energy
bills.
EnergyEfficiency

The impact of AI on the workplace is incredibly interesting, as I believe it will accelerate the
shift of power from West to East. In Asia, China and Singapore recognize the huge impact that
AI will bring, and both are spending billions on re-educating their workforces, training millions
in AI and machine learning in preparation for the future. This will result in more talented AI
researchers and developers than the West, opening up many more possibilities for AI
development and education in Asia. It is entirely possible that the next major
breakthrough in AI comes outside Silicon Valley, just like DeepMind which was built
in London, as Silicon Valley continues to underestimate the rapid development of
AI research in the rest of the world. This is tremendously exciting for us at SparkLabs,
with our extensive portfolio in “frontier tech” in Asia, curated from our SparkLabs accelerators
and our partnerships with great company builders like Entrepreneur First in Singapore.
Frank Meehan
Co-founder & Partner at SparkLabs Global Ventures
Prior to SparkLabs, Frank led Horizons’ investment in DeepMind and sat on the board of Siri
until it was acquired by Apple.

Source:
Statista
OverallAIInvestmentsbyCorporatesandStartups
Source:
McKinsey
&
Company

Source:
Statista
AdoptionofAIbyCorporates
Source:
McKinsey
&
Company

Source:
Statista
OverallAIInvestmentsbyCorporatesandStartups

“AI breakthroughs are moving out of the labs and into
businesses big and small. The democratization of
AI will progressively enable every company and
industry to automate processes and optimize
decisions, and every connected user to have a
substantially more efficient interface paradigm through
which to get things done.” Adam Cheyer
Co-Founder at Siri &
Co-Founder at Viv

Source:
Statista
AIInvestmentbySubsectors
• Majority of AI research and development is
focused on general machine learning for multi-
use purposes. This was estimated to be
between $5 billion and $7 billion in 2016.
• Second major spending of external AI
investment is computer vision. This was
estimated to be between $2.5 billion and $3.5
billion in 2016.

Source:
Statista
AnnualFundingofAI

GlobalAIMarketProjectedtobeWorth$19.5Billionby2022
• Artificial intelligence market is expected to
reach $19.5 billion by 2022, growing at a
CAGR of 45.4% from 2016 to 2022.
• The developments of more human-like
robots and increase in their deployment
rate in the developing regions have had a
substantial effect on the overall artificial
intelligence (AI) market.
Source:
Statista
(Allied Market Research)

• As of 4Q 2016, there are
1,464 AI companies in 13
categories across 73
countries, with a total
funding of $8.5 billion
Source:
Venture
Scanner
AIMarketPlayers

“A $100 billion market by 2020 has opened up for analytics alone
in manufacturing and industrial IoT. This is a vibrant market
for startups where incumbents are struggling to create
sustainable value addition. Global Fortune 2000 companies
are learning from Falkonry how to transform their operations
using unexploited operational data as they pursue an expansive
vision of higher quality, performance, throughput, and availability.”
Nikunj Mehta
Co-founder & CEO,
Falkonry
*SparkLabs IoT portfolio company

Princeton,
NJ
Arable
combines
data
from
weather,

environmental
drivers
of
crop
growth,
and crop

biological
status,
in
conjunction
with
its

predictive
analytics,
to
more accurately
predict

yields,
quality,
and
optimal
harvest
windows.
Silicon
Valley
Falkonry has
democratized
machine
learning
for

monitoring
by
providing
its
AI-‐enabled solutions

to
its
customers.
The
Falkonry Service
provides

a
cognitive/AI
service
that
can automate
the

interpretation
of
telemetry
and
sensor
data

from
industrial
activity,
IT processes,
and
high-‐
end
consumer
assets.

Boston
Elemental
Machines
is
using
complex
biology

and
chemistry-‐based
processes
with
insights

that
improve
research,
development,
and

manufacturing
outcomes.
By monitoring
and

measuring
invisible
environmental
variables
—
instrument
performance
and ambient

temperature,
humidity,
air
pressure,
and
light

levels.
Predictiveanalytics MachineLearning MachineLearning
SparkLabsDeepTechPortfolioHighlights: AI& MachineLearning

Silicon
Valley
&
Seoul
DreamSquare launched
an
AI-‐driven
career

advisor
platform
called
Talent
X
to
help
students

find
their
right
career
path.

Within
the
platform,
students
can
identify

opportunities
that
fit
with
their
personal
traits

and
strength
Seoul
XBrain aims
to
create
software
that
enables

people
to
use
machine
learning
technology

without
requiring
in-‐depth
knowledge.

Their
product
“Alice”
is
a
cloud-‐based
machine

learning
assistant
that
helps
developers
and

data
scientists
to
build
and
deploy
machine

learning
models.
ArtificialIntelligence MachineLearning
Singapore
Immerzen is
next
generation
immersive
3D

audio
technology
software
for
VR/AR,
to

replicate
natural
hearing
in
simulated
worlds.

An
immersive
3D
audio
technology
to

revolutionize
the
experiences
for
virtual
and

augmented
reality.
ArtificialIntelligence

Singapore
KroniKare’s solution
provides
front
and
back-‐end
wound

assessment
software
that
uses
AI
to
mimic
medical

practices,
improving
accuracy,
consistency
and
efficiency.

It
mimics
humans
at
different
level
to
save
over
50%
of

nurse’s
times.
Irvine,
CA
Kadho is
a
brain
training
curriculum
specialized
company

which
combines
brain
science
with
advanced
AI
and

machine
learning
to
accelerate
the
acquisition
of

expertise
of
new
languages.
MachineLearningArtificialIntelligence

SparkLabsDeepTechPortfolioHighlights: AI& Computer Vision
Seoul
Augmented
Knowledge
is
an
augmented
reality
(AR)

solutions
company
currently
focused
on
the
airline
and

machinery
maintenance
industries.
The
company’s

flagship
product
revolutionizes
aircraft
maintenance

through
the
use
of
image
recognition
technology
and

real-‐time
AR
visualization
of
mechanical
parts
and
the

work
environment.
ComputerVision&AR
Singapore
Powered
by
deep
learning,
sensor
fusion,
and

probabilistic
planning,
Movel AI
is
a
software
platform

enabling
robots
to
see
and
act
same
as
humans
do.
Team
has
deep
expertise
in
robotics,
computer
vision,

motion
planning,
and
deep
learning.
ComputerVision&Robotics

Source:
Venture
Scanner
AICategories
• Cybersecurity related AI investments
reached over $780 million in 2016 and
is continuing at this strong pace with a
projected $806 million for 2017.
• Fraud detection, one of the sectors
within cybersecurity, is a common
application of AI and machine learning.

Source:
Venture
Scanner
AICategories
• In the cybersecurity space during
2015, there were 112 M&A deals with
almost $10 billion in disclosed value.
In 2016, there were approximately
$10.6 billion in disclosed value for
M&A deals. (Hampleton)

Tel
Aviv
Providing
governments,
government
entities
and
utilities

with
cutting-‐edge
cyber
security
capabilities
and

strategies
to
be
effective
today
and
evolve
for
sustainable

advantage
in
the
future. Founded
by
the
team
behind
the

creation
of
Israel’s
cyber
protection
agency
San
Francisco
&
Malmo,
Sweden
Castle.io deploys
a
security
platform
that
plugs
in
to
any

environment
at
any
level for
developers
to
incorporate

advanced
security
and
authentication
solutions
in
their

products.

Without
the
need
for
predefined
rules,
professional

training,
and
expensive
support
deals.
GovtLevelCyberSecurity CloudSecurityFramework
SparkLabsDeepTechPortfolioHighlights: AI& CyberSecurity

Tel
Aviv
SAM
tackles
cyber
security
threats
at
the
source
by

securing
the
network
gateway.
Protecting
communication

between
IoT
devices
at
this
access
point
ensures
a
safe

and
secure
connected
home.
With
a
software-‐only
solution,
SAM
uses
the
network

gateway
to
protect
all
connected
devices
in
the
home.
WirelessNetworkSecurity
SparkLabsDeepTechPortfolioHighlights: AI& CyberSecurity
Singapore
MicroSec is
building
enterprise
grade
security
solutions

for
IoT and
sensor
networks.

Team
consists
of
PhDs
and
researchers
with
expertise
in

cryptography,
discrete
mathematics,
IoT
and
sensor

networks
IOTNetworkSecurity

“Today's technology gives us a great insight and
understanding into peoples current well-being. By
acting on these insights we have the
opportunity to prevent and improve the future
of health in a proactive way. By using data and
machine learning we can give individuals personal
guidance on how to improve their lives by making the
small behavioural changes that yield the largest
impact on their own health.”Henrik Torstensson
CEO of Lifesum
*SparkLabs Global portfolio company

SparkLabsDeepTechPortfolioHighlights: HealthTechnology
• Investments into digital
health exploded this year
and is expected to hit over
$10 billion in total.

• Mental health & wellness is
growing into a significant
category within the health sector.
• Over $200 million in venture
capital was raised in 2016 and it
is expected hit over $230 million
in 2017.

• The genomics market has
exploded in 2017 with big
investments into 23andMe
(supposedly $200 milliion Series F
by Sequoia and others), Color
Genomics ($80 million Series C
from General Catalyst, CRV, and
Emerson Collective's Laurene
Powell Jobs), and others.

• The U.S. still dominates the global
genomics market with having 68%
of total deals done since 2013.
• The total market is expected to hit
$20 billion by 2020, which is up
from $12.5 billion in 2015.

Stockholm
Lifesum gives
people
personalized
navigation
for
health

and
lifestyle
improvement.
By
tapping
in
to
mobile
sensor

technology
and
combining
it
with
passion
for
design
and

applied
psychology
,
we
try
to
create
delightful
user

experience
that
improves
health
for
the
mainstream.
Sensors/Psychometric
Seoul
Skylabs developed
an
always-‐on
arrhythmia
monitoring

smart
ring
that
works
without
any
user
intervention.

CART
is
the
product
name
of
their
smart
ring
cardio

tracker that
focuses
on
atrial
fibrillation,
which
is
a
very

common
chronic
disease.
IoTWearable

Seoul
&
Tokyo
Genoplan’s genetic-‐code-‐based
solution
analyzes

people’s
unique
genetic
characteristics
and
provides

personalized
weight
management
solutions
according
to

the
test
results.
Seoul
Wayskin’s biometric
and
environmental
sensors
can
make

personalized
skincare
recommendations.
WAY
helps

people
make
smarter
skincare
decisions
that
last
a

lifetime.
Genomics Biometrics

SparkLabsDeepTechPortfolioHighlights: Space Technology
• After hitting a peak of $2.2 billion
in estimated funding the space
tech, the market has cooled down
the past couple years.
• After the frenzy, we believe
stronger ideas and teams are
being financed versus multiple
“me-too” players.

“$1.8 billion in commercial space
startups in 2015, nearly doubling the
amount of venture cash invested in the
industry in all of the previous 15 years
combined.”
- Fortune Magazine

“The promise of having cost-effective Internet anywhere
has been long touted, but it cannot be done because of our
current outdated technology which has a very high cost-
per-bit! We need wireless laser communications to
deliver economical, extremely low cost-per-bit
backhaul for Internet anywhere. A full space laser
network in low Earth orbit can then act as a data backbone
for connecting any two points on the planet!
Our long term goals involve extending the link from near
Earth to deep space - providing extremely high bandwidth
connections to upcoming lunar bases, asteroid mining
rovers and Mars colonising efforts.”
Rohit Jha
Co-founder & CEO of
Transcelestial
*SparkLabs Global portfolio company

Singapore
Transcelestial Technologies
is
building
a
super
fast,
space
laser

network
which
can
provide
up
to
1000x
speeds
than
current

satellite
communication
technology.

Current
wireless
technology
is
unable
to
support
the
growth
of

our
population
into
the
21st century.
By
2027,
it
is
estimated

there
will
be
50
billion
connected
devices
and
people

exchanging
data.
Transcelestial

SparkLabsGlobalVenturesPartnership
EFSingapore’sOnly Co-investmentPartner&Follow-onFund
SparkLabs Global Ventures was the selected co-investment partner for pre-demo day funding of the best in the class for
Entrepreneur First Singapore.
Entrepreneur First, the London-based startup accelerator focused on deep tech, launched its Singapore program in
September 2016. It is EF’s first expansion abroad and is backed by Infocomm Investments, a venture capital unit funded
by the Singapore government who hopes the new program will fuel the startup ecosystem in Singapore.
EF Singapore will recruit 400 technical individuals and help to find startups over the next 4 years. Entrepreneur First
provides deeply technical people with £17,000 in pre-seed funding so they can build a technology startup over a six
month period. In return, it takes an 8% equity stake.

SparkLabsAccelerator Partnership
SongdoCity’sExclusivePartner
6-month long Internet of Things program for seed to early-stage entrepreneurs from anywhere across the globe. While the
program is based in Songdo, South Korea, global companies are not required to be located there.
• $35 billion smart city built from ground up.
• 2nd largest private real estate development in history.
• 80,000 apartment units
• Currently over 36,000 residents
• 50 million square feet of office space and 10 million
square feet of retail space
• SparkLabs is the exclusive IoT test bed partner
SONGDO:
Smart City
of the Future

Thank you!
www.SparkLabsGroup.com

SparkLabs Group Deep Tech Sector Overview 2017

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SparkLabs Group Deep Tech Sector Overview 2017