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European AI startups raised $8B in 2024

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France will host the Artificial Intelligence Action Summit, with heads of state flocking to Paris to meet global tech leaders. They'll
In 2024, European AI startups raised a record-breaking $8 billion in funding, showcasing a significant surge in investment in the region's AI sector. This amount nearly doubled the $4.5 billion raised in 2023, highlighting the growing confidence of investors in European AI innovation. The increase in funding was driven by a combination of factors including supportive government policies, a robust talent pool, and a focus on ethical AI development. Key players in this funding boom included companies like Graphcore, which secured substantial investments for its AI chip technology, and DeepMind, which continued to expand its research capabilities. The trend also reflects a broader global shift towards AI, with Europe positioning itself as a competitive hub for AI development alongside the U.S. and China.

Read the Full TechCrunch Article at:
[ https://techcrunch.com/2025/02/04/european-ai-startups-raised-8-billion-in-2024/ ]