The U.S. is far ahead of Europe in the race for large AI models — but the picture is different for the application layer, with emerging category leaders such as Lovable, the vibe-coding startup, and Synthesia, which makes AI-generated video for the enterprise.
That’s the conclusion made by global VC firm Accel in its 2025 Globalscape report, which focuses on the AI and cloud market. Worth noting: Accel is an investor in both Lovable and Synthesia.
According to Accel, European and Israeli cloud and AI applications have raised 66 cents for every dollar raised by their American counterparts in 2025 so far.
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