October 30, 2024

Break out the Wheaties

Hi there, 

The 7th annual Fintech 100 from CB Insights is out. 

These are the companies to watch to understand the future of fintech. If you look back, you'll find that our ability to identify the real players by mining the many signals we collect on CB Insights has proven to be incredibly prescient.

Congrats to all the companies who made it. We're excited to see what the year ahead holds for you.

Here’s more about the list: 

• Young ones: Nearly 50% are early-stage companies (seed/angel or Series A).
• International spice: 52 companies are from outside the United States, across 23 countries on 6 continents. 
• Partnering up: They've collectively formed 850+ business relationships since 2022, including with industry leaders like Mastercard, State Street, and Flipkart.

For companies interested in the future of fintech, these startups should be on your radar for partnership and investment opportunities. 

Get all the details here. 

Sky-high AI

Investor interest in AI remains strong despite the broader cooling in venture markets.

In Q3’24, global AI deal count skyrocketed 24% QoQ to reach 1,245.

This marked its highest quarterly level since peaking in Q1’22 (at 1,269 deals).

The jump contrasted sharply with activity in the broader venture sphere, where deal count fell by 10% QoQ to hit its lowest level since 2016/2017.

Dive deeper into the latest venture trends in AI in our just-released State of AI Q3’24 Report.

Howdy, partner

Uber is turning to partnerships to prepare its business for an autonomous driving future.

In its Q2’24 earnings call, Uber emphasized its focus on partnerships, highlighting how its platform could be paired to benefit AV players and vice versa.

For Uber, AVs can reduce driver costs and improve customer satisfaction by reducing wait times and surge pricing with more vehicles ready to complete a ride. 

For AV developers, Uber helps scale AV commercialization by making it easy to acquire customers to collect performance and safety data, while ensuring fleets are constantly used and managed.

Want to learn more about Uber’s AV strategy? We have a strategy map just for you.

Lost and found

GPS is vital to modern navigation and defense systems.

This makes the rise of disruptive attacks like GPS jamming and location spoofing a major problem.

While GPS alternatives have been in the works for years, new approaches will be key to boosting resiliency as threats rise.

Learn more about the startups building tech to fill in GPS’ gaps in our Game Changers 2025 Report.

Yesterday, our analysts held a roundtable discussion on this report. Download the session recording to learn more.

Industry Standard

Prof G Markets. Scott Galloway (@profgalloway) and Ed Elson (@edels0n) discuss how SaaS companies are acquiring media companies and mention CB Insights research.

TechCrunch. Dominic-Madori Davis (@DominicMadori) covers new unicorns in the United States using CB Insights data.

Payments Dive. Lynne Marek (@LynneMarek) reports on payments investments and mentions CB Insights research.

I love you.

Anand

@asanwal 

Co-Founder & Exec Chair

P.S. Want to dig into the data behind the State of AI Q3’24 Report? Join us on November 12 @ 2PM ET.

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