Boosted Business

• European AI startups such as Legora and Lovable are rapidly scaling to challenge the long-standing technological dominance of US-based firms. • Swedish legal AI startup Legora has secured 20% of the 100 highest-grossing US law firms as clients and recently achieved a significant revenue milestone. • Lovable, a Swedish "vibe-coding" company valued at $6.6 billion, reported a 33% increase in monthly recurring revenue and is now actively seeking acquisitions.

• European AI startups, including Legora and Lovable, are rapidly scaling to challenge the long-standing technological dominance of the United States. • The surge is fueled by significant advancements in artificial intelligence and increased access to venture capital funding across the continent. • A notable example of this growth is Wayve, led by Alex Kendell, which recently secured one of the largest funding rounds in UK history.