A selection of Europe’s largest AI rounds of 2023 The rank of the largest rounds raised by European AI companies in 2023 highlights the strength of investor interest in supporting the up-and-coming generation of potential European AI champions. Notably, this list includes three rounds in excess of half a billion dollars each, including German foundational model company, Aleph Alpha’s most recent $500M Series C round. The list is also notable for the presence of both ‘pure’ AI companies, such as Mistral and Aleph Alpha, as well as ‘applied AI’ companies that are bringing AI innovation to industries as diverse as defence (Helsing AI) and mobility (Conigital). The question to ask now is when will Europe start to see billion-dollar rounds that match the scale of capital being invested into US AI leaders? Conigital Aleph Alpha Builder.ai Helsing AI HQ: United Kingdom HQ: Germany HQ: United Kingdom HQ: Germany $528M Series A $500M Series C $250M Series D $222M Series B Powered by Quantexa Accenta Mistral AI Aleph Alpha HQ: United Kingdom HQ: France HQ: France HQ: Germany $129M Series E $116M Series A $113M Seed $108M Series B Powered by DeepL Synthesia HQ: Germany HQ: United Kingdom $100M Series B $89M Series C | 148