1、EUROPEAND ISRAELSGenAI EditionFACTORIESFOUNDER“The European and Israeli tech ecosystem is a hotbed for entrepreneurial AI talent.Innovative AI startups are consistently emerging and going on to quickly build ambitious teams and products that attract huge numbers of customers and investors.When looki

2、ng deeper at thesecompanies roots,we begin to see where the main GenAI talent hubs exist in the region and thecommon paths founders take.”Harry NelisPartner at Accel32Europe and Israels Founder Factories:GenAI EditionAccel x DealroomEurope and Israels Founder Factories:GenAI EditionAccel x DealroomO

3、ver the last 18 months,Generative AI(GenAI)has been firmly in the spotlight and its dominance of headlines and conversations shows no signs of waning.Faced with record investment levels and buzz around new companies and teams,its easy to forget that AI has been around for decades.Around 2011,we star

4、ted to see early efforts to aggregate data at scale in order to extract value from it.This led to the rapid progress in machine learning from 2014 through to 2018/19 and were now in the new wave of AI,shifting from being predictive to generative.The Accel team believes the new models now being devel

5、oped will underpin a transformation as significant as the shift to cloud and mobile,and form a part of every piece of software being written.Although an emerging frontier of AI,GenAI startups are already attracting record levels of investment.In 2023,GenAI startups globally secured more than$25B in

6、funding and 2024 funding levels look set to exceed this.According to Dealroom data up until 31 May,2024,GenAI startups had raised$18.8B and this number is expected to hit around$45B by the end of the year.While the US is the clear leader in GenAI VC funding,even when looking beyond the investment se