AI startups attracted 25% of Europes VC funding

Image for article AI startups attracted 25% of Europes VC funding
News Source : TechCrunch

News Summary

  • According to Balderton Capital and Dealroom, 25% of VC funding into the region went to AI startups this year
  • Collectively, European AI companies have doubled in value in just four years, reaching $508 billion
  • 349,000 people were employed by AI companies in Europe this year, a 168% increase since 2020
Venture funding into Europe is heading for a flat year, but this may obfuscate the fact that European AI startups are thriving.According to VC firm Balderton Capital and Dealroom, 25% of VC funding [+2478 chars]

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