According to Balderton Capital's general partner James Wise, early-stage AI companies in Europe can raise significant funds, akin to those in the U.S., if they possess breakthrough technology.
Wise highlights that the collective value of European AI companies has doubled in four years, reaching $508 billion, and now comprises nearly 15% of the total tech sector value.
Despite a seemingly flat venture funding year in Europe, the AI sector is burgeoning, with 25% of VC funds directed toward AI startups, indicating underlying growth.
Dealroom's data indicates an astonishing 168% increase in employment in AI companies in Europe since 2020, supporting Wise’s belief in the emergence of numerous productive small companies.
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