Deep tech investment surges across Europe as AI ecosystem expands

While Europe still faces a wide venture capital gap compared to Silicon Valley, the continent is nevertheless making big strides in positioning itself as an attractive hub for scientifically based startups. This is one of the key takeaways of "State of European Tech Report 2019," released today at the Slush technology conference in Helsinki, Finland. The report is produced by venture capital firm Atomico, along with Slush and London-based tech law firm Orrick. These "deep tech" industries span such cutting-edge technologies as quantum computing, computer vision, robotics, nanotech, and blockchain. Across these categories, European startups are on track to raise $8.4 billion in 2019, up from $6.7 billion last year and $3 billion in 2015.