This document provides a summary of fundraising rounds in 2016 for AI and data driven startups in Europe. It found that 271 startups raised $774M in 2016, up from $583M in 2015. The number of startups funded grew by 280% between 2014 and 2016. Early stage investments boomed, with $215M invested in 170 early stage startups. In 2016, the focus shifted from marketing to developing AI technologies and applying AI to sectors like health, agriculture, and retail.