AI startups flourishing
This year the Munich based appliedAI Institute for Europe has again published the German AI Startup Landscape - Germany's most important and comprehensive analysis of the AI startup scene. The study shows that the scene is growing rapidly: while last year there were 508 startups, this year there are already more than 680 German startups developing new AI applications - an increase of 35 percent within one year.
The leading hotspot for AI startups in Germany is once again Berlin with 209 startups, followed by Munich with 136. Hamburg is in third place with 66 AI startups.
For the German AI Startup Landscape, the appliedAI Institute for Europe, together with Deutsche Telekom, NVIDIA, Intel, UnternehmerTUM and eleven renowned venture capital firms, analyzed more than 1,000 AI startups. All startups were founded in 2014 or later, have a primarily AI-based business model and are headquartered in Germany.