SMART MANUFACTURING
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Dealmakers in Technology
The Rise of The Machines
June 2019
04
CONTENTS
THE VIEW FROM GP BULLHOUND
Dr. Nikolas Westphal, GP Bullhound
I. Manufacturing the Future
Key Trends and Technologies
EXPERT VIEW
14 Raghav M. Narsalay, Accenture
II. The Power of Data
Data and AI in the New Manufacturing World
EXPERT VIEWS
20 Willem Sundblad, Oden Technologies
26 Brian Mathews, Bright Machines
III. A Fast Growing Ecosystem
Key M&A and Funding Trends
EXPERT VIEWS
38 Eric Bielke, GE Ventures
39 Dr. Hongquan Jiang, Robert Bosch Venture Capital
IV. Global Powerhouses
Geographic Clusters of Smart Industry
EXPERT VIEW
50 Michael Prahl & Denis Tse, Partners, Asia IO Advisors
V. Entrepreneurs and Investors
Key People Shaping the Industry of Tomorrow
EXPERT VIEW
58 Siraj Khaliq & Ben Blume, Atomico
VI. The Vision
Intelligent Manufacturing in the Future
EXPERT VIEWS
68 Robin Dechant, Point Nine Capital
72 Amélie Cordier, Dr. of Computer Science with Specialization in AI
METHODOLOGY
06
16
28
40
52
64
76
5
SMART MANUFACTURING
EXECUTIVE SUMMARY
THE VIEW
From GP Bullhound
4
Full automation of human work has been a constant
dream (and nightmare) of civilisation. The ancient
Greeks already spun myths about Hephaistos’
automatons; the ancient Chinese those of Master
Yan.(1) In 1884, William Morris dreamt of “beautiful
factories”, in which people worked only four hours
per day enabled by machines.(2) Today, rules-based
automation is already a reality, as commercial
robots have been around since the early 1960s
and proliferated across various industries.
As software and “intelligent” technology have
already revolutionised the way we work and live,
they will also fundamentally evolve the way
we prod