Romania - The Recursive AI Report

1. Number of people
working in ICT
ROMANIA
AI unicorn landscape in Romania
UiPath: a global software company that makes
robotic process automation software. It was
founded in Bucharest, Romania, by Daniel Dines
and Marius Tîrcă. Its headquarters are in New York
City, New York, United States.
Key Players in the AI
Innovation Ecosystem
Supporting
Infrastructure for AI
Innovation in CEE
Talent Pool for
AI Innovation in CEE
10.3%
Pre-seed
0.9%
Initial
Coin
Offering
29.1%
seed
7.7%
Series A
7.7%
Grant
1.7%
Series B
Number of companies by stage of development
We mapped 117 AI product companies,
distributed as follows:
0.9%
Debt
0.9%
IPO
Number of people working in AI
The number of people working in AI
in Romania across different AI specializations:
Universities and degrees that teach AI-related courses
a/ Number of students in IT&C or specifically
AI related degrees
Easiness with which companies
manage to find and attract AI talent
medium to high difficulty in finding
and attracting AI talent.
6.8
score
b/ Top 3-5 degrees in AI in Romani
Master’s Degree, Artificial Intelligence, Politehnica
University of Buchares
Master’s Degree, Artificial Intelligence and
Optimization, the Faculty of Automatic Control and
Computer Engineering in Ias
Master of Machine Learning at the University
Politehnica Timisoar
Bachelor’s Degree, Artificial Intelligence, the Faculty of
Mathematics and Informatics of the Babes-Bolyai
University (program approved by national authorities,
will have 100 seats, ed.note)
Name Stage
total
funding
amount
UiPath
FintechOS
DruidAI
FlowX
Dexory
IPO
Series B
Series B
Series A
Series A
$2B
$91M
$50M
$43M
$38M
The most
prominent
AI product
companies
Top 3 AI
specializations
Top 3 industries targeted
by AI companies
Top industriesand AI specializations in Romania
Machine learning
Computer vision
Big data analytics
Healthcare & Life Sciences
Finance
Retail
215,000
employees in 2022
9,000 IT
~
~ graduates per year
01 02
2,600
cOMPUTER VISION
2,100
Robotics
6,400
Machine Learning
Research institutions
Romanian Institute of Science
and Technology
Research Institute for Artificial
Intelligence, Romanian Academy
(RACAI
University Politehnica Bucharest
(UPB) - The Lab of Artificial
Intelligence and Multi-Agent
Systems
Communities, associations,
event organizers
Romanian AI Day
Bucharest Deep Learning
Romanian Association for
Artificial Intelligence (ARIA)
Startup programs - incubators
and accelerators
Techcelerator – Advancing AI
Accelerator Program for Early Stage
Startup
BeAI Europe’s AI Pre-Accelerator,
by Bucharest AI
Total funding raised by
AI product companies in Romania
Key local AI-focused investors
GapMinder VC
Early Game Ventures
Techcelerator
Funding Landscape for
AI Innovation in CEE
5.1%
Grants
0.9%
Debt
1.8%
Public
markets
48.7%
Venture Capital
& Private Equity
43.6%
No external
funding
Funding sources for AI companies
Split of funding activity and sources
for analyzed AI companies in CEE:
Venture Capital Firm with a focus on
Deep Tech, investing at pre-seed and
seed stages.
Venture Capital Firm, investing
at pre-seed and seed stages.
Accelerator program with a focus on AI,
investing at pre-seed and seed stages.
2,400,000,000
$
43.6%
No external
funding
announced