European AI startups pulled in $23 billion in the first half of 2026, capturing 55% of all regional venture funding and marking a 130% increase year over year. If the AI story was supposed to be a two-horse race, Europe didn't get the memo.

This report, produced in partnership with Crunchbase, maps where capital is flowing across Europe's AI ecosystem, which countries and sectors are gaining ground, and where the region's competitive advantages are creating durable, global businesses.

This report is built for investors tracking European AI deal flow, enterprise leaders evaluating the European vendor landscape, founders benchmarking against regional peers, and anyone mapping where AI capital, talent, and ambition are converging across the continent.