In just a few days, France will host Action of artificial intelligence actionswith the heads of the state that followed Paris to meet the global technological leaders. It will most likely announce some major investments and diplomatic agreements focused on security or the impact of artificial intelligence on the environment.
On the eve of the summit, the VC company in the early stage Galion.exeInvestment company for growth Revajaand advisory company Chausson partners have joined to create French AI Reportwhich considers current trends in the technological ecosystem.
While all eyes are currently on the US and China, and the Openai watched that raise tens of billions of dollars and deep capture Enjoyed, and there was also a flourishing in AI in Europe. Only 2024 AI companies represented about 20% of all VC funds in the region.
In total, this represents about $ 8 billion in funding AI startups in 2024. This metric will most likely grow quickly, as the AI startups are still relatively young. Seventy percent of the capital that collected AI startups 2024 was for seeds in series B.
European countries that have a tendency to attract VC financing have also generally become the main AI investment centers, and the UK runs a group, France and Germany followed by a suit, and Nordic kicked above his (demographic) weight. Here’s a breakup from 2020 to 2024:
Interestingly, as AI companies are getting bigger, they tend to attract international investors, and US companies companies make up about 50% of the money invested in AI AI within the Circle of the C and later.
In France more specifically, there are “more than 750 startups that have created 35,000 jobs and operate in all areas that transform today’s society,” said the Minister of Artificial Intelligence and Digital Technology Clara Chappaz at a press conference.
She also mentioned that there are 2,000 scientists focused on research by AI and 600 doctorates working on artificial intelligence. And maybe you noticed that in the USA for AI companies working in the US.
The team behind the French AI report was watched in more detail at the Top 400 AI startup in France and tried to identify the stars on the rise. While The mistral you have and Along the pool Already known names for readers who have followed the AI industry, the vast majority of AI startups are not working on the next foundation model.
On the infrastructure front, some companies optimize the work and data pipelines such as Likunp and Kestraor improvement of conclusions performance, such as Mmlor development agents that can go through large data sets and improve productivity. Powder is a good example of this.
But the reality is that most AI startups in France focus on applications for certain verticals. Based on this report, two important areas for AI startups in France are health and climate.
Owkin and her Spin-off Biotech Company Bioptimist They led a package on the Health Tech front, but there are surprisingly diverse groups of companies with three large areas of interest: tools for recording, discovering medicines and improvement of medical treatment.
Similarly, although a large piece of AI industry is aimed at productivity for office workers, artificial intelligence is also actively used to build the next generation of climate startups. In addition to Agritech, carbon and energy management – two topics that are connected – look like a big focus. There is also a handful of promising new materials for materials that appear (Elsewherefor example).
All companies included on the list You can find here. You will also find many AI companies that work in one job function (sales, users, HR or legal) and using AI to simplify the most common tasks.
Of course, some companies will not be there in five years. But many of them are currently growing a fast pace. We are still at the beginning of the AI Revolution, and although it is easy to think about AI industry as a game with Zero with one country or one company that “beat” over others, it seems that AI boom is more distributed than expected.