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In just a few Day , France will host theArtificial Intelligence Action Summit , with head of state flocking to Paris to meet global tech leader . They ’ll most likely announce some big investments and diplomatical agreements focused on safety or the environmental impact of contrived tidings .
Ahead of the summit , other - point VC firmGalion.exe , growth investment funds firmRevaia , and consultive firmChausson Partnersteamed up to make theFrench AI Report , which wait at the current trend in the tech ecosystem .
While all eyes are currently on the U.S. and China with OpenAI look toraisetens of billions of dollar mark and DeepSeekcapturingeveryone ’s attention , there has been a boom in AI startups in Europe , too . In 2024 alone , AI companies represented around 20 % of all VC funding in the part .
In total , that stage around $ 8 billion in funding for AI startup in 2024 . That metric unit is most likely get to grow rapidly , as AI startups are still relatively young . Seventy percent of the capital raised by AI startups in 2024 was for a seed to Series B round .
European countries that tend to draw VC financial support in universal have also become the main AI investing hubs , with the U.K. go the radical , France and Germany follow suit , and the Nordics perforate above its demographic weight . Here ’s the breakdown from 2020 to 2024 :
Interestingly , as AI companies become bigger , they tend to attract outside investor , with U.S. VC firm accounting for around 50 % of money invested in AI companies at the Series C round and later .
In France more specifically , there are “ more than 750 inauguration that have created 35,000 jobs and operate in all areas that are transform today ’s society , ” minister delegate for artificial intelligence and digital technology Clara Chappaz said at a public press group discussion .
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She also mention that there are 2,000 scientist focused on AI enquiry and 600 doctor’s degree student working on unreal intelligence . And you may have notice that there are quite a few French technologist and researchers shape for AI companies in the U.S. , too .
On the infrastructure front , some companies are optimizing the data workflow and pipelines , such asLinkupandKestra , or improving inference performance , such asZML , or evolve agent that can strain through large datasets and ameliorate productivity . Dustis a dependable example of that .
But the realism is that most AI startups in France are sharpen on covering for specific verticals . ground on this report , two important areas for AI startups in France are health and climate .
Owkin and its spinoff biotech companyBioptimushave been leading the pack on the health tech front , but it ’s a surprisingly divers chemical group of ship’s company with three big areas of interest : imagination tools , drug discovery , and medical treatment improvement .
likewise , while a big chunk of the AI industry is focused on productivity gains for role workers , artificial intelligence activity is also actively being used to ramp up the next coevals of mood startups . In addition to agtech , C and energy management — two topics that are related — seem to be a big focus . There are also a handful of promising new materials companies that are emerging ( Altrove , for instance ) .
All the company included in the listcan be found here . You ’ll also get hold plenty of AI companies lick on one job affair — sale , customer tutelage , 60 minutes or legal — and using AI to simplify the most common tasks .
Of of course , some companies are n’t going to be there in five years . But many of them are presently growing at a speedy tread . We ’re still at the commencement of the AI revolution , and though it ’s gentle to cogitate about the AI industry as a zero - join game with one nation or one company “ win ” over the others , it seems like the AI godsend is more stagger than expect .
Read our full coverageof the Artificial Intelligence Action Summit in Paris .
