Venture capital funding environment for Irish AI start-ups 'challenging'
Grit Young, EY Ireland’s technology, media and telecoms lead: For AI start-ups, the funding environment remains challenging, particularly in the €1m to €10m funding space.
Despite venture capital investing heavily in generative AI during the first half of the year, Irish AI start-ups are finding the funding environment “challenging”, a new report from consultancy company EY has found.
Between January and June, global venture capital investment in generative AI surged to $49.2bn (€42.5bn), outpacing the total for all of 2024 at $44.2bn, according to EY Ireland’s latest Generative AI Key Deals and Market Insights study.
