Artificial Intelligence

European AI, in charts

A living view of Europe's AI boom — from the record capital pouring in to the revenue it is starting to throw off. More charts to come.

European AI VC investment

European AI hits $24.5bn in H1 2026 — an all-time record

European AI VC investment
$0–15M$15–100M$100–250M$250M–1B$1B+
$0B $5B $10B $15B $20B $25B 2020 H1 · $0–15M: 1.2 2020 H1 · $15–100M: 1.6 2020 H1 · $100–250M: 0.7 2020 2020 H2 · $0–15M: 1.3 2020 H2 · $15–100M: 1.4 2020 H2 · $100–250M: 1 2020 H2 · $250M–1B: 0.5 2021 H1 · $0–15M: 1.8 2021 H1 · $15–100M: 2.3 2021 H1 · $100–250M: 1.5 2021 H1 · $250M–1B: 2.3 2021 H1 · $1B+: 1 2021 2021 H2 · $0–15M: 2.1 2021 H2 · $15–100M: 2.3 2021 H2 · $100–250M: 2.2 2021 H2 · $250M–1B: 0.9 2022 H1 · $0–15M: 1.9 2022 H1 · $15–100M: 3.8 2022 H1 · $100–250M: 2.5 2022 H1 · $250M–1B: 0.9 2022 2022 H2 · $0–15M: 1.6 2022 H2 · $15–100M: 2.2 2022 H2 · $100–250M: 0.9 2022 H2 · $250M–1B: 1.3 2023 H1 · $0–15M: 1.8 2023 H1 · $15–100M: 2.5 2023 H1 · $100–250M: 0.8 2023 H1 · $250M–1B: 0.2 2023 2023 H2 · $0–15M: 1.5 2023 H2 · $15–100M: 2.6 2023 H2 · $100–250M: 0.6 2023 H2 · $250M–1B: 0.4 2024 H1 · $0–15M: 1.8 2024 H1 · $15–100M: 2.8 2024 H1 · $100–250M: 1.1 2024 H1 · $250M–1B: 0.8 2024 H1 · $1B+: 1.1 2024 2024 H2 · $0–15M: 1.8 2024 H2 · $15–100M: 2.5 2024 H2 · $100–250M: 0.8 2024 H2 · $250M–1B: 1.4 2025 H1 · $0–15M: 1.9 2025 H1 · $15–100M: 3.4 2025 H1 · $100–250M: 2 2025 H1 · $250M–1B: 1.5 2025 2025 H2 · $0–15M: 2 2025 H2 · $15–100M: 3.5 2025 H2 · $100–250M: 2.2 2025 H2 · $250M–1B: 1.1 2025 H2 · $1B+: 4 2026 H1 · $0–15M: 2.1 2026 H1 · $15–100M: 4.6 2026 H1 · $100–250M: 3.3 2026 H1 · $250M–1B: 4.5 2026 H1 · $1B+: 10 2026
Largest rounds · 2026
CompanySub-sectorRaised
Isomorphic Labs
AI drug discovery$2.1B
Nscale
AI infrastructure$2B
Neura Robotics
Cognitive robotics$1.4B
Wayve
Autonomous driving$1.2B
Helsing
Defence AI$1.2B
Ineffable Intelligence
Frontier AI$1.1B
Quantum Systems
Recon drones$1.1B
Source: Dealroom.co
European AI revenue

European AI revenue has grown 5× since 2020 — to $26.5bn

Combined annual revenue of VC-backed European AI companies
AI company revenue estimates · latest
CompanyRevenue
Mistral AI
$1.2B
Lovable
$500M
ElevenLabs
$500M
Quantum Systems
$330M
Exotec
$317M
Agile Robots
$220M
Quantexa
$166M
Source: Dealroom.co — latest company revenue estimates, including 2026E where available. VC-backed AI companies, HQ Europe, founded 2010+.
Thoroughbreds

Europe has 34 AI companies with $100M+ annual revenue

Thoroughbreds by HQ country
Source: Dealroom.co — Thoroughbreds tag. VC-backed Core AI companies, HQ Europe, founded 2010+.