DeepMind Revenue and Growth Statistics (2024)

Amazing Facts About DeepMind

• The monthly visitors to deepmind.com exceeded 2.5 million as of January 2023.
• DeepMind’s revenue tripled from £265.5 million in 2019 to £826.2 million in 2020, reaching £889,4 million in 2021.
• After several years, DeepMind made its first profit of £43.8 million ($59.6 million) in 2020.
• As of 2022, there were 1,567 people working for DeepMind.
• DeepMind’s staff salary expenses increased from £467 million to £473 million.
• The United States (16.19%) has the most visitors to deepmind.com followed by visitors from India (6.07%) and the United Kingdom (5.95%).

Overview About DeepMind

DeepMind, the AI research company founded in 2010 and bought by Google in 2014 has some beautiful numbers to show.

Let’s look at them!

How much is DeepMind worth? (Valuation)

The company was worth $99 million before 2014, and $500M+ following Google Inc.’s acquisition of DeepMind Technologies.

Since then, DeepMind’s valuation has been kept secret from the general public.

Source: CB Insights, TechCrunch

DeepMind Revenue

DeepMind’s revenue tripled from £265.5 million in 2019 to £826.2 million in 2020, reaching £889,4 million in 2021.

Source: CNBC, Nasdaq, Forbes 1, Forbes 2

DeepMind Profit

After several years, DeepMind made its first profit of £43.8 million ($59.6 million) in 2020.

We’re mentioning ‘After serveral’ years because, as you can see in the table above, DeepMind used to not be profitable in 2019 and 2018, with over £500 million being lost each year.

Source: CNBC, Fool, The Information,

DeepMind Funding

DeepMind has raised $3.29 million in its first round of funding. This was a Series A round raised on February 23, 2011, prior to the merger/acquisition with Alphabet, then Google Inc., for $650 million in 2014.

Source: PitchBook

DeepMind Investors

DeepMind is funded by 2 investors. Founders Fund and Horizons Ventures are the most recent investors.

Source: CrunchBase

DeepMind Acquisitions

DeepMind acquired 2 organizations. Their most recent acquisition was MuJoCo on Oct 18, 2021.

DeepMind itself was acquired by Google in 2014.

Source: CrunchBase

How does DeepMind make money?

In essence, DeepMind has a very distinctive revenue model: prior to being acquired by Google in  2014, it made all of its money by selling the technologies it developed to businesses and companies.

Currently, DeepMind generates revenue by using its technology in other Alphabet initiatives.

How many people work at DeepMind?

As of 2022, there were 1,567 people working for DeepMind.

In 2016, there were ‘only’ 350 employees at DeepMind. Fast-forward 6 years, there are over 1,500 employees.

Source: CNBC, PitchBook, Growjo, CNBC 2, Insider, Business Insider

DeepMind: Salaries

DeepMind’s staff salary expenses increased from £467 million to £473 million, then to £807 million, from 2019 to 2021.

Obviously, with over 1,00 new employees, there also comes the responsibility to pay them.

That is why DeepMind’s salary expenses went so much higher throughout the years, not being so far way from doubling the figure from 2019.

Source: CNBC, Fool

What is the average number of deepmind.com monthly visitors?

The monthly visitors on the deepmind.com website exceeded 2 million, as of 2022.

Look at that contrast — back in 2011, there were 130,000 monthly visitors on DeepMind’s website.

Source: Similar Web

Locations of DeepMind offices

DeepMind has offices in the United Kingdom, Canada, and France. Most of them are in the UK, as DeepMind is a British company.

Below is a list of all DeepMind offices, including the corporate headquarters.

DeepMind’s headquarters is in central London, in King’s Cross.

Source: Craft

DeepMind users demographic

DeepMind users by gender

The audience of deepmind.com is made up of 34.69% female and 65.31% male.

Looking at this data, we can assume that most of DeepMind’s audience consists of male users, but though with lots of female users as well.

Source: Similar Web

DeepMind users by age

The visitors’ largest age range is 25 to 34.

Source: Similar Web

Top Five Countries with the most traffic to DeepMind.com

The United States (16.19%) has the most visitors to deepmind.com followed by visitors from India (6.07%) and the United Kingdom (5.95%).

Followed by India is the United Kingdom, with an almost perfect 6% of the total countries driving traffic to DeepMind’s website.

What software does DeepMind use?

DeepMind employs AlphaGo, a computer program that combines advanced search trees with deep neural networks.

As an input, these neural networks process a description of the Go board through a number of network layers containing millions of neuron-like connections.

Source: DeepMind

How many neurons does DeepMind AlphaGo have?

In 2016, Google’s DeepMind had 11 billion neurons, though this number has since increased.

According to data made public for AlphaGo Zero, AlphaZero’s forerunner in the go-playing game, the neural network could have up to 80 layers and more than double the 16 billion neurons.

Source: Chess

What technology does DeepMind use?

DeepMind uses raw pixel data as input and learns from experience. The AI uses deep learning on a convolutional neural network, with a model-free reinforcement learning technique called Q-learning.

What types of AI products and technologies does DeepMind offer?

DeepMind Technologies’ mission, as stated on the company website, is to “integrate the finest methods from systems neuroscience and machine learning to construct robust general-purpose learning algorithms.”

Furthermore, DeepMind AI’s technology and products include the following:

• DeepMind AI Products

• DeepMind Technologies

Source: Nature, Technology Review, The Verge, BBC, The Verge 2

Where is DeepMind available?

DeepMind is available and accessible worldwide.

Who founded DeepMind?

Demis  Hassabis cofounded DeepMind in 2010 with boyhood friend Mustafa Suleyman, who had left his philosophy and theology degree at Oxford to start a counseling service for young Muslims, and Shane Legg, a machine learning researcher from New Zealand.

Source: Tech Advisor

DeepMind Founders’ Net Worth

• Demis Hassabis

Demis Hassabis was estimated to be worth £400 million in 2014, following Google Inc.’s acquisition of DeepMind.

DeepMind Key People

Source: PitchBook

DeepMind FAQ

What is DeepMind well-known for?

DeepMind is well known for the creation of general-purpose artificial general intelligence (AGI) technologies.

Another name for that technology is Google DeepMind. DeepMind

learns from experience using raw pixel data as its input.

When was DeepMind founded?

DeepMind was founded in 2010

Who is DeepMind’s CEO?

DeepMind’s CEO is Demis Hassabis.