European AI startups raised $8 billion in 2024

In just a few days, France will host ConferenceHead of Paris to meet global technology leaders. They will probably announce some large investment and diplomatic agreements by focusing on the environmental impact of protection or artificial intelligence.

Before the summit, VC firm in the early stages Gallion.XEGrowth Investment Farm RewiAnd advisory firm Fourth Up to make up to make Report to the French AIWhich focuses on the current trends of the Tech Ecosystem.

When everyone’s gaze is currently looking at the OPENCE in the United States and China Raising A few billion dollars and dipsek Capturing At the attention of everyone, there has been an enthusiasm at AI startups in Europe. In the only 2024, AI companies represent about 20% of all VC funds in this region.

In total, it represents about $ 1 billion funds for AI Startups in 2021 that metric is likely to grow fast, as AI startups are still relatively young. Seventy percent of the capital raised by AI Startups in 2021 was a seed to series B round.

European countries that are generally prone to attract VC funds have also become the main AI investment centers, led by the United Kingdom Group, France and Germany, and the Nordics dug up their population weight. There is a breakdown from 2020 to 2024:

Interestingly, as AI companies grow up, they have a tendency to attract international investors, US VC companies accounting for about 50% of money invested in C Round and later in the series AI companies.

More precisely in France, “There are more than 750 startups that have created and managed 35,000 jobs in all areas of today’s society,” Clara Chapaz, a minister of artificial intelligence and digital technologies, said at a press conference.

He also mentioned that there are 2,000 scientists focusing on 600 doctorate students working on AI research and artificial intelligence. And you have noticed that a number of French engineers and researchers are also working for AI companies in the United States.

The team behind the French AI report tried to identify Rising stars in France’s top 400 AI startups. While Mistral to have you And Pulside There are already some familiar names for readers who follow the AI ​​industry, most of the AI ​​startups are not working on the next Foundation Model.

On the infrastructure front, some companies are optimal such as data workflow and pipelines, such as Lequo And KestraOr to improve the performance of inference, as MMLOr developer agents that can flow through large data sets and improve productivity. Dust A good example of this.

The reality, however, is that most AI startups in France are focusing on applications for certain verticals. Based on this report, two important areas for AI startups in France are health and climate.

Okin and its spin-off biotech agencies Biopatmus The pack is leading the health technology front, but it is an amazingly various companies with three major interest fields: improving imaging equipment, drug discoveries and treatment treatment.

Similarly, although a large part of the AI ​​industry focuses on gaining productivity for office workers, artificial intelligence is also actively used to create the next generation of climate startups. In addition to Agitech, Carbon and Energy Management – there are two related issues – this seems to be a big focus. There are also a few handfuls committed new materials that are being uplifted (SomewhereFor example).

All agencies included in the list Can be found hereThe You will also see a lot of AI companies using AI to simplify the most common tasks – sales, customer care, HR or legal – and AI using AI.

Of course, some companies will not be there in five years. However, many of them are currently growing fast. We are still at the beginning of the AI ​​Revolution, and although it is easy to think of as a zero-like game with a country or an organization about the AI ​​industry, but it seems that AI Boom has been distributed more than expected