PitchBook News - AI takes on databases

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The Research Pitch

April 23, 2022

In case you missed them, we released our flagship US PE and VC reports last week.

They combine to feature 62 pages of data and analysis, diving into the key trends of Q1 and what to expect over the rest of the year (and they're free!):

US PE Breakdown
PitchBook-NVCA Venture Monitor

A new wave of databases opens the door for real-time AI inference

A consistent finding from our AI industry research is that organizations lack the data science horsepower to drive impactful AI projects.

Part of this shortage stems from the ongoing deployments of cutting-edge data lake architecture to ingest data into one place for AI training.

This investment in data lakes is reshaping the database management market as legacy relational databases shrink in market share and a new class of data vendors scale, including Snowflake, Databricks, and Confluent.

Click to see a bigger version of this chart on key deals.

VC ecosystem challengers disrupt this market by commercializing open-source projects that make better use of computing resources for data storage and analytics.

Those challengers—including Databricks, Confluent, and Pandio—also show the opportunity of stream data processing to enable real-time AI inference on unstructured data.

Our latest analyst note identifies the adoption trends and use cases driving this shift.

Click to download the free research: Plumbing AI Data Pipelines

Don't hesitate to reach out to discuss any of these topics further.

Best,

Brendan Burke
Senior Analyst, Emerging Technology

VC dealmaking in Europe stays robust, but exits are way down

European VC deal value started 2022 with strong momentum—€27.5 billion invested in Q1, the second-largest quarter on record.

Despite interest rate hikes to combat inflationary pressures, uncertainty caused by the invasion of Ukraine, and economic effects of the pandemic, VC dealmaking has remained buoyant.

Our Q1 European Venture Report takes a deep dive into the key trends that shaped the first quarter, breaking down activity across dealmaking, exits, and fundraising, as well as by region.

Key takeaways:

Late-stage VC continues to dominate deal value, accounting for 71.6% of capital invested.

Exit value fell drastically from the highs of 2021 as operators and investors embrace a wait-and-see approach rather than risk an exit that could prove costly.

Fund count has dropped, but fundraising has had a solid start in terms of capital raised.

For more data and analysis, click to download our free Q1 European Venture Report.

Please feel free to reach out with any questions.

Best,

Nalin Patel
Senior Analyst, EMEA Private Capital

Market Updates

Despite the uncertain macroeconomic environment, European PE dealmaking was resilient in Q1 as deal value reached a new quarterly peak.

PE firms invested more than €241 billion in sum, good for a 35% annual increase.

Exit activity and fundraising, though, have had a sluggish start to the year.

As headwinds loom, our European PE Breakdown offers a data-driven look into all the Q1 trends by industry, region, deal size, and more:

download the free research

Webinars & Events

PitchBook is hosting a live recording of the Acquired podcast on May 4 at Seattle's Climate Pledge Arena.

Hosts Ben Gilbert and David Rosenthal will interview a slate of business leaders—including Brooks Running CEO Jim Weber, Not Boring founder Packy McCormick, and The Generalist founder Mario Gabriele.

Tickets for the live show cost $20 with all proceeds benefiting the Seattle Kraken and Climate Pledge Arena's One Roof Foundation: register here

April 26: Analyst Jinny Choi will discuss PE, supply chain tech, and pandemic disruption at ACG Global + Intergrowth 2022 in Las Vegas. More details here.

May 5: Our quarterly Venture Monitor webinar will feature a panel discussion of all the key trends driving the US VC market, including a slowdown in exits and the sectors feeling the tightest squeeze. Register here.

In the News

Our insights and data featured in the press:

Venture funding for chip startups has doubled in the last five years thanks to AI. [Protocol]

Tracking PE's climate dollars. [Axios]

Crypto's biggest backers may be priming the pump. [Bloomberg]

Vertical farms have the vision, but do they have the energy? [Emerging Tech Brew]

UK venture capital surges ahead of Europe as investors shake off market jitters. [City A.M.]

If you're a journalist interested in interviewing our analysts or requesting data, contact our PR team.

ICYMI

Highlights from our other recent research:

Market updates

Thematic research

Emerging Technology Research

Coming next week (subject to change)

Global M&A Report

Thanks for reading! Feel free to email us any time with feedback, questions, or tips!

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