Why Europe’s AI founders are opening accounting and law firms
European AI startups are swiftly establishing accounting and law firms as venture capital pours into ventures aiming to disrupt traditional industries. Analyst Federico Scolari, a data lead at Sifted, shared insights on LinkedIn. Meanwhile, Nvidia-backed Hiverge secured $19.4 million in funding, led by Plural.
Hiverge develops a versatile platform to optimize algorithms for artificial intelligence applications. Founded by researchers from DeepMind and the University of Cambridge, the company's latest product, Strawberry 1.0, was launched this week with backing from General Catalyst and EQT Ventures.
Legora's Junestrand contributed to securing General Catalyst's investment in AI agent startup Nous. Additional participants in Nous' $17 million Series A round included Mosaic Ventures, Chalfen Ventures, Joyance Partners, and Bain Future Back Ventures.
Written by urgent.news from Sifted's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
