Generative AI is fueling the recovery of European SaaS

Philippe Botteri

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When And How To Pick Your Next Launch Country

Last year, the global cloud market hit a wall, with a massive $1.6 trillion wiped off the public market cap and a 40% nosedive in private funding. While innovation continued to emerge across Europe’s and Israel’s cloud ecosystem, the tech world held its breath as everyone wondered how far things could keep falling.
Today, a new normal is beginning to emerge in the cloud landscape, and a tentative SaaS recovery is underway, with Accel’s data showing that the bounceback is happening faster …