The European artificial intelligence (AI) ecosystem has seen unprecedented growth in the past few years. In fact, AI funding in Europe has increased 10x in just a decade, according to our recent report by Roosh in collaboration with Dealroom. Just this year, we’ve seen GenAI funding in Europe surpass any previous year—in just the first six months.
This growth hasn’t happened in a vacuum—it has been largely driven by U.S. investors, the influence of whom is hard to understate. As of mid-2024, American investors have invested 20x more in European Generative AI than any other country. The Magnificent Seven—Apple, Tesla, Alphabet, Amazon, Nvidia, Microsoft, and META—engaged in a record-breaking 15 deals with European AI startups last year and now support many of the most prominent AI companies in Europe. However, it’s not just these tech giants that have a hand in EU AI infrastructure: 40-50% of late-stage funding ($40 million and over) in European AI companies comes from U.S. investors, and over 70% of rounds of $40 million and over had at least one U.S. investor participating.
