AI Seed Wins 2023 UKBAA “Exit of the Year” Award for Odin Vision

London, UK. Friday, 29 December 2023: AI Seed won the coveted “Exit of the Year” award at the prestigious 2023 UKBAA Angel Investment Awards for the successful exit of its AI for medical imaging investment Odin Vision.

Odin Vision, which has developed world-leading AI for detecting and diagnosing cancer in endoscopic imaging, was sold to Japanese multinational Olympus Corporation, the world's largest manufacturer of endoscopic equipment. AI Seed was recognized for its contribution to the growth of Odin Vision into an AI category leader and its support in its acquisition by Olympus, delivering a 48x return on AI Seed’s investment.

The UKBAA awards are an annual event celebrating success and high performance in angel and early-stage investing, recognizing founders, angels, and venture capital investors behind some of the fastest-growing companies in the UK. Winning the prize amid strong competition firmly establishes AI Seed’s position as the UK and Europe’s leading vertical AI investor.

Commenting on this win, AI Seed’s Managing Partner, Jacques de Cock, said:

“From our start back in 2017, when investing in vertical AI was considered niche and esoteric, to come to this recognition of our expertise is quite delightful. The many months and years spent diligently reviewing opportunities and honing the craft of AI investing, and the tough decisions that weighed heavily at times, have all come together not just for the successful exit of Odin Vision but for the other companies in our portfolio also delivering exceptional growth.

“It is fantastic to see a specialist AI VC firm be awarded “Exit of the Year”, especially in competition with so many other high-performing venture capital investors. Investing in AI can feel complex, with plenty of noise around it. However, if you have a very clear focus on the unique and sustainable value AI companies can deliver to customers in a given industry, you can consistently back strong AI companies and build an investment portfolio that delivers strong returns.

“AI is a powerful tool for early-stage businesses to survive and thrive. At AI Seed,  we are very particular about which AI applications we believe can achieve scalability and defensible growth, and it is wonderful to receive recognition for our investment thesis and our efforts.”