Top AI IPOs in the world in 2021
UiPath Inc. is using AI and machine learning to eliminate “repetitive tasks” and “accelerate human achievement.” CEO Daniel Dines wants to create robots for every person. After a successful Series F financing that raised $750 million in February 2021, the company went public in April 2021 and its valuation on the first day of listing on the NYSE was more than $38 million.
Babylon is “one of the fastest growing digital healthcare companies in the world.” Their mission is to make “high-quality healthcare accessible and affordable” for all via Alkuri Global Acquisition corp, a SPAC (Special Purpose Acquisition Company), Babylon, went public and listed on the NYSE on October 22, 2021. The company’s IPO valuation was $4.2 billion.
Darktrace is the global leader in AI for cybersecurity. Darktrace’s AI has the ability to prevent ongoing cyberattacks, including ransomware, email phishing, cloud breaches and critical infrastructure. The company listed on the London Stock Exchange on April 30 at 250 pence per share. On the day of its IPO, Darktrace saw its share price soar to 358 pence. It raised £165.1 million in its IPO.
SentinelOne’s platform protects the world’s largest organizations, including three of the world’s 10 richest people. Companies like McKesson, Estée Lauder and Aston Martin trust SentinelOne to protect billions of dollars of enterprise value across millions of endpoints. The AI cybersecurity company made its debut on the New York Stock Exchange on June 30 and is “the highest valued cybersecurity IPO of all time.” The company has earned more than $10 billion in the capital since its IPO.
Sensetime, China’s “largest AI company,” has been approved for an IPO by the Hong Kong Stock Exchange on October 19, 2021. The Chinese company, which focuses on facial recognition technology, video analytics and autonomous driving, will seek nearly $1 billion in its IPO.
Groups whose core business is technology have had exceptional success with successful IPOs since 2020. According to the Harvard Business Review, the integration of AI into companies has multiplied since the pandemic. Many companies like Bumble, Duolingo, Zomato, which went public in 2021, have all integrated AI into their business models. With more and more AI unicorns looking to go public in the next five years, the AI industry is sure to experience an unfathomable boom.