Accel: VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B in 2024, with 40% of the funding going to generative AI startups (Ryan Browne/CNBC)

Ryan Browne / CNBC:

Accel: VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B in 2024, with 40% of the funding going to generative AI startups  —  Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.

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