𝟏 𝐢𝐧 𝐞𝐯𝐞𝐫𝐲 𝟐 𝐞𝐮𝐫𝐨𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐲𝐨𝐮𝐧𝐠 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐀𝐈 💸 In 2024 in Europe, young startups (launched in 2023 or 2024) have raised an impressive €𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧! 💰 What's even more remarkable is that 𝟓𝟏.𝟓% of this funding is going to companies leveraging AI as their core technology, despite AI startups only accounting for 𝟗.𝟖% of the total funding rounds. The top deals highlight the trend: 🇫🇷 Mistral AI: €600 million (Series B & debt) 🇫🇷 poolside: $500 million (Series B) 🇫🇷 H Company (formerly Holistic AI): $220 million (Seed round) These 3 companies alone represent an amazing 𝟒𝟎% of the total funding for this cohort! 🌍✨ With the 🇬🇧 leading in deal count and 🇫🇷 dominating in total funding, Europe is clearly becoming a hub for innovation and investment in AI! 🔥💡 Source: sifted
Interesting!
👉🏻 Start-Up Project Manager l Finance & Innovation l Follow for daily tips on funding, growing, and innovating your business
1moThis is interesting, but I wonder if every start-up needs to be an AI company to succeed today.