{
  "id": 13908252,
  "title": "PitchBook: Irish AI firms nabbed nearly €950m from VCs since 2025",
  "url": "https://urgent.news/2026/10/12/pitchbook-irish-ai-firms-nabbed-nearly-950m-from-vcs-since-2025",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-12T07:48:22.000Z",
  "source": {
    "name": "Silicon Republic",
    "slug": "silicon-republic",
    "url": "https://www.siliconrepublic.com/business/pitchbook-ai-funding-ireland-sme-ivca-enterprise-ireland-2025-2026"
  },
  "original_language": "en",
  "account": "Irish AI firms raised nearly €950m in venture funding since the start of 2025, according to PitchBook data. This funding surge is largely concentrated among later-stage companies, with record €691.3m raised across 107 deals in 2025, followed by 75 deals in 2026 that bagged €256m. The median AI deal size reached a record €2.4m in 2025, but settled to €1.6m year-to-date in 2026, showing a \"normalisation rather than retreat\" in funding. Ireland ranks ninth in Europe for AI VC deal count and second per-capita. Major rounds include Wayflyer's €161.8m raise and Tines' €120.7m Series C. The funding is primarily going to established companies, with enterprise software, healthcare, and medtech sectors seeing significant investment. International investors, including Accel, Kinnevik, and Tencent, are supporting Irish AI companies. However, foreign funding's influence on domestic companies is a concern, with foreign contributions representing 82% of total investment in Irish SMEs in the first half of 2026.",
  "summary": "Calming of the surge in funding since last year represents ‘normalisation rather than retreat’ says PitchBook. Read more: PitchBook: Irish AI firms nabbed nearly €950m from VCs since 2025",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}