Accel

This year's Accel Euroscape is appropriately titled "AI Eating Software." 🤖 📈 I look forward to this report each year, exploring the major European #SaaS trends and vendors to watch. In this year's edition, Accel Partner Philippe Botteri forecasts another leap in productivity "as the first generation of agentic models come to the market, enabling the next wave of task and workflow automation in the enterprise." 🤖 📈 2 of my notes from the 2024 Euroscape: ◾ Despite slower growth levels, genAI is fueling momentum & funding as businesses are already realizing value from AI-powered software ◾ Winners yet again consistently have higher G2 Scores (powered by verified G2 reviews) than other European vendors, underscoring the importance of customer satisfaction Thank you, Accel team, for this insightful report & congratulations to those included in the 2024 Euroscape -- the top 100 EU & Israel AI & cloud companies valued at less than $1B. 👏 Link to the full report is below.

Swiggy's co-founders Sriharsha M., Nandan Reddy, and Phani Kishan Addepalli each sat down with the company's early investor, Anand Daniel, to reflect on Swiggy's journey. Here are some highlights from each conversation and the links to each episode. 𝟭. 𝗦𝘄𝗶𝗴𝗴𝘆’𝘀 -𝟭 𝘁𝗼 𝟬 𝗷𝗼𝘂𝗿𝗻𝗲𝘆: Sriharsha speaks to Anand about learnings from the failure of his & Nandan's first venture, Bundl Technologies. • Don’t be afraid to pivot & go after a bigger market opportunity.  • Fill your gaps by hiring talent who is equally passionate about the problem you're solving. • Be an excellent storyteller. It will help you make the best hires, pitch to investors and customers, and empower your team after a setback. Listen to the episode here: https://lnkd.in/gvSMPbVr 𝟮. 𝗦𝘄𝗶𝗴𝗴𝘆’𝘀 𝗳𝗶𝗿𝘀𝘁 𝟱𝟬𝟬 𝗱𝗮𝘆𝘀: Until December 2014, Swiggy's team included Nandan, Harsha, and Rahul Jaimini (along with 5-6 delivery partners). In this episode, Sriharsha reflects on • The significance of the first few hires. • Learnings from growing the company to hundreds of employees.  • Insights tackling rapid expansion from a single neighbourhood to seven cities. Watch the episode here: https://lnkd.in/gMAjR9br 𝟯. 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗦𝘄𝗶𝗴𝗴𝘆: In this episode, Nandan, Phani, and Anand discuss the company's building blocks, making bold decisions, and what works or doesn’t when scaling a Marketplace. • Prioritize understanding your customer's problems rather than getting attached to your solutions. • Drive organic growth and increase retention through an excellent product, minimizing reliance on discounts. • Keep the team and operations lean until you achieve product-market fit. This will allow you to pivot quickly and make data-driven decisions as you scale. Watch the episode here: https://lnkd.in/gScPaUPD Over the next few weeks, we’ll be sharing detailed insights from Swiggy's journey as they head to IPO. Follow SeedToScale to stay updated.

"The flywheel of #talent from #fintech unicorns is now spinning. The region’s fintech founder factories aren’t just producing the next wave of founders, but also a strong network of seasoned operators around them who have a wealth of product, engineering and scaling experience. This knowledge and experience is vital to building the future generation of fintech success stories, while growing local ecosystems across the whole continent." - Luca Bocchio Our fintech founder factory report with Dealroom.co reveals 82 VC-backed fintech unicorns, including Klarna, Revolut, Wise, N26, Monzo Bank, GoCardless, Adyen and Qonto, have fuelled 625 new tech-enabled startups across the region. Find out more here ⬇️

Ahead of our #Fintech Summit tomorrow, we’re delighted to unveil the speakers who will be taking to the stage to discuss hyperscaling out of Europe, creating #SME champions, how banks are approaching #GenAI, the future of #payments and more! TS Anil, Salvatore Arcarese, Sujata Bhatia, Felix Blossier, Luca Bocchio, Eric Boyle, Ryan Browne, Cyril Chiche, Manuel Costescu, Charles ▫️ Delingpole, Samir Desai CBE, Franz Faerber, Carlo Gualandri, Chris Harmse, Christian Hecker, Simon Holden, Barney Hussey-Yeo, Lisa Jacobs, Mark Lenhard, Clif Marriott, Gabriel Le Roux, Alexandre Prot, Matt Robinson, Veronique Steiner, Neil Thewlis, Jonathan Turner, Camille Tyan, Cecilia Wang, Michael Wood

Our 2024 Euroscape: AI Eating #Software is now live! Key findings include: ➡️ #AI is driving value creation in the tech public markets and the recovery of venture funding, with an increase of 27% over 2023 ➡️ Two thirds of AI private funding has gone into the top six companies in each region ➡️ Three #GenAI leagues are emerging: Tech Titans, AI Majors and AI Challengers Who will win the AI race? Read the report to find out more and see our list of the top 100 AI and #cloud companies to watch across Europe and Israel. #SaaS

At #WebflowConf, we introduced the world’s first Website Experience Platform, allowing you to build, manage, and now, *optimize* your websites — with the power of AI — right inside of Webflow. We also announced that GreenSock, the company behind GSAP, will be joining the Webflow family. Highlights include: - Webflow Optimize combines three powerful tools to enable you to run A/B tests and  personalize experiences for different audiences thanks to our proprietary, predictive AI.  - Webflow Analyze brings a unified view of visitor behavior, empowering designers and marketers to better understand site performance right inside of Webflow. - Our acquisition of GSAP to power the next iteration of our interaction engine and to continue to evolve animation across the wider web. Learn more about the latest suite of exciting announcements in our blog: https://wfl.io/3YkY5KS

A big milestone for Decagon today as they announce their $65M Series B and welcome some new partners to the team - Aaref Hilaly at Bain Capital Ventures, BOND, TCP, and ACME Capital. With customers like Eventbrite, Rippling, Notion, Figma, and many others, Decagon has established itself as a leader among frontier AI applications, reshaping how companies engage with their customers. What stands out about the product is not just the efficiency and cost savings to customers, but the transformation of support leaders into full-stack AI managers. Millions of conversations flow through Decagon’s configuration, training, feedback, and performance management systems today. And CX teams can collaborate with agents the way they would any other teammate, delivering on a new form of human-computer collaboration that unlocks maximum productivity for businesses and a high quality experience, at scale, for the end consumer. We’re grateful to be an early partner to Jesse Zhang and Ashwin Sreenivas, and look forward to deepening our commitment throughout this next phase of growth along with Kimberly Tan, Elad Gil, Kevin Hartz, Gautam Gupta, and Bennett Siegel. If you’re a high agency builder who is looking for your next adventure, please check out their career page or email me at [email protected]! https://lnkd.in/gP5MHkM7 Thanks to Rashi Shrivastava at Forbes for covering Decagon's story: https://lnkd.in/gJ3J4z7Q

The Omnea team, led by Ben Freeman and Ben Allen, is on a mission to take the pain out of #procurement. We believe the team’s approach to procurement automation and orchestration has the potential to redefine both spend control and compliance in a category that's projected to reach more than $13B by 2030. We’re thrilled to welcome them to the #AccelFamily! 🎉

Full recap of the first CUDA Mode Hackathon, hosted at Accel with PyTorch and NVIDIA, by our partner Casey Aylward and Mark Saroufim, co-founder of the GPU Mode (fka CUDA Mode) community. 200 developers 👩💻👨💻, 14 hours of hacking ⏳💻, and 6 amazing keynotes 🎤 from Tri Dao, Supriya Rao, Andrej Karpathy, Lily (Xiaoxuan) Liu, Tim Dettmers, and Wen-mei Hwu. Explore more: https://lnkd.in/gsBeBeDp

In just under two weeks, Philippe Botteri, Rafael Quintanilla Loeillet and Tim Rawlinson will be unveiling our 2024 Euroscape and list of 100 #SaaS companies to watch on stage at SaaStock. Until then, you can see last year's report here: https://lnkd.in/eSpyZTdg Who will make this year's ☁️ list? You'll have to wait and see! #cloud