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AI Application Layer Race Heats Up Across the Atlantic

AI Application Layer Race Heats Up Across the Atlantic
A new Accel report finds the United States still leads in large AI models, but Europe is rapidly catching up in the application layer. Emerging firms such as Lovable and Synthesia are highlighted as category leaders, while European and Israeli startups have raised 66 cents for every dollar raised by U.S. peers. The report notes unprecedented growth speed, with AI‑native applications reaching $100 million in annual recurring revenue in just a few years and delivering the highest revenue‑per‑headcount in software history. Venture capitalists see defensibility in product‑centric offerings and believe proprietary data remains undervalued. Leia mais →

Onfire Raises $20M to Harness AI for Developer Buying Signals

Onfire Raises $20M to Harness AI for Developer Buying Signals
Israeli startup Onfire has closed a $20 million financing round led by Grove Ventures and TLV Partners, with participation from Sumitomo’s IN Venture and LeumiTech77. The company, founded by former Unit 8200 veterans Tal Peretz, Shahar Shavit and Nitzan Hada, uses AI to mine public developer forums for buying intent signals, then matches those signals to the commenters’ employers and decision‑makers. Onfire’s platform layers budget‑cycle data to help B2B sales teams time outreach, and its early customers include ActiveFence, Aiven, Cyera, Port and Spectro Cloud. The new capital will fund AI, R&D and sales hires as the firm expands its U.S. go‑to‑market operation. Leia mais →