Artificial Intelligence Startups Attracted 25% Of Europe’s Venture Capital Funding

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 into the region — approximately $13.7 billion — went to AI startups this year, compared to 15% four years ago, resulting in several new unicorns, such as Poolside and Wayve.

For Balderton Capital general partner James Wise, the most important takeaway is that “you can raise hundreds m…