Brainchip Holdings Ltd. · ASX:BRN
Brainchip — Investor Presentation (October 2017)
22 slides from Brainchip's investor presentation, October 2017
Slide 1: BrainChip Investor Presentation October 2017
Louis DiNardo President and CEO Ryan Benton Chief Financial Officer OCTOBER 2017 ASX CODE: BRN | “AN AI PROCESSOR COMPANY” Brainchip OC TOBER 2017 | 1
Slide 2: Disclaimer
Disclaimer This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection
Slide 3: Company Overview
Company Overview ◆ Founded in 2013. Listed ASX:BRN September 2015. Description BRN ◆ Seasoned Silicon Valley Management Team with Proven Track Record. Market Cap* A$140.0M • Executive Office, Sales & Marketing in San Francisco, CA. • Design Centers in Aliso Viejo, CA and Toulouse, France • Headcount
Slide 4: John von Neumann quote on numerical precision and brains
“We require exquisite numerical precision over many logical steps to achieve what brains accomplish in very few short steps.” 1 John von Neumann Inventor of the digital computer 1 Von Neumann J (1958) The Computer and the Brain. New Haven CT: Yale UP. Brainchip OC TOBER 2017 | 4
Slide 5: Business Overview
Business Overview ◆ BRN is the global leader in commercialisation of Spiking Neural Networks (“SNN”) technology, which mirrors the processing of the human brain. ◆ BRN’s patented intellectual property protects its technology and market position. ◆ BRN products are globally deployed by government and
Slide 6: Key Recent Announcements
Key Recent Announcements September BrainChip Launches • BrainChip Accelerator increases the speed and accuracy of the object recognition function of BrainChip Studio software by up to six times 2017 BrainChip Accelerator • Very low-power and can be easily installed within existing video surveillance
Slide 7: BrainChip – Management Team
Brainchip – Management Team ◆ Lou DiNardo, CEO Silicon Valley veteran with multiple CEO roles at NASDAQ and NYSE-listed companies ◆ Ryan Benton, CFO Silicon Valley Executive with multiple CFO roles and formerly CEO of Exar Corporation ◆ Peter van der Made, CTO Technology Veteran with over 35 years o
Slide 8: Video Analytics Market Size
Video Analytics Market Size ◆ Applications: Homeland Security, Law TAM: $11.2B (2022)* SAM: $3B** Enforcement, Schools, Drones, Satellites, Gaming, Advanced Driver-Assisted Systems “ADAS” ◆ Pricing Model: combination of up-front Surveillance Gaming SAM $3B $2.6B $400M license fees (e.g. $ per camera
Slide 9: Current Solutions
Current Solutions High-Quality Customer Base ◆ Forensic video search of Objects and Facial Detection, Extraction and Identification ◆ Uses existing video surveillance equipment including low resolution and noisy environments ◆ Rapidly search live or exabytes of recorded video for objects across mult
Slide 10: Traditional Computing (CPU/GPU) Von Neumann Architecture
Traditional Computing (CPU/GPU) Von Neuman Architecture Memory Advantages Disadvantages Reliably makes precise Serial Processing calculations Resolve anything that Dependent upon Control Arithmetic input can be reduced to pre-programmed code unit logic unit mathematical problem output Benefited to-d
Slide 11: BrainChip's Spiking Neural Networks Process Data Similar to the Human Brain
Brainchip’s Spiking Neural Networks Process Data Similar to the Human Brain VIDEO ◆ Neurons in the brain pass messages to each other in short bursts. ◆ Neuromorphic Computing emulates the brains function to create a new method for processing data. ◆ Brainchip Spiking Neurons respond to patterns by r
Slide 12: BrainChip's Proprietary Neuromorphic Computing Architecture
Brainchip’s Proprietary Neuromorphic Computing Architecture Traditional Compute Neural Network Neural Network Architecture “LEFT BRAIN” “RIGHT BRAIN” Serial Processing Massively Parallel Dependent upon pre- Algorithm-based programmed code detects and predict patterns in complex data Deterministic Au
Slide 13: BrainChip Studio Video Analytics Software
Brainchip Studio Video Analytics Software Powered by Brainchip SNN Technology VIDEO ◆ People/Object Tracking ◆ Behavior Analytics Brainchip OC TOBER 2017 | 13
Slide 14: Potential Growth in Existing Customers
Potential Growth in Existing Customers Civil surveillance. BrainChip services civil surveillance segments through its video analytics (facial and pattern recognition) technology. Opportunity for increased penetration of existing law enforcement and airports customers whilst opening new geographies a
Slide 15: AKIDA Neuromorphic Processor Unit (NPU)
AKIDATM Neuromorphic Processor Unit (NPU) (in Development) ◆ Product Description • General Purpose Processor based upon Patented (2008) AKIDATM SAM: Spiking Neural Network • Fully parallel architecture $4.8 Billion* ◆ Training Method • The Neuromorphic Chip Market is estimated to be worth $4.8 Billi
Slide 16: Multiple Growth Options
Multiple Growth Options ◆ Existing Video Analytics Products • Growing existing customer relationships with annuity revenues - Annuities are expected to grow, with hardware sales including software maintenance & support sales. • New customers in existing segments - Existing segments include law enfor
Slide 17: Intellectual Property
Intellectual Property ◆ 1 foundational patent granted Leading Companies Cites • Patent 8,250,011 – Autonomous Learning Dynamic Artificial Neural Computing Device and Brain Inspired System. Citing BrainChip Patent 8,250,011 • This is the first patent (Filed 2008) in the industry related to Neural Com
Slide 18: Competitive Advantage
Competitive Advantage BRN’s patented intellectual property protects its market position. ◆ The AI sector includes well-known companies like Cisco Systems, IBM, Intel, Google, Microsoft, NVIDIA, Qualcomm and Samsung, which are evolving their own versions of cognitive architectures across different pl
Slide 19: Financial History
Financial History Six Months Six Months Six Months Full Year 30 Jun 2017 31 Dec 2016 30 Jun 2016 2016 $US $US $US $US Revenue $133,102 $149,284 $- $149,284 Interest Revenue 11,587 12,360 4,615 16,975 Other Income 224,267 (55,405) 66,832 11,427 $368,956 $106,239 $71,447 $177,686 Research & Developmen
Slide 20: AI M&A Activity: 2012-Q2 2017
AI M&A Activity: 2012-Q2 2017 ◆ Baidu has been particularly aggressive in its 37 AI acquisitions in 2017, with three M&A deals so far this year, including its acquisition of Amazon Alexa Fund-backed Kitt.ai in Q2 2017. 28 ◆ Google is the most active acquirer of AI M&A Deals startups, with 12 acquisi
Slide 21: BrainChip – Summary
Brainchip – Summary ◆ Public Market Investors – Opportunity to Invest in a Pure-Play AI Company ◆ Highly Experienced Management Team – All Seasoned Silicon Valley Executives ◆ Large Markets $8B* – Competitive Landscape Remains Fluid ◆ Differentiated and Proven Technology – Existing Customer Base Pro
Slide 22: Q&A
Q&A Brainchip OC TOBER 2017 | 22
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