European KI startups collected 8 billion US dollars in 2024

France will do that in just a few days Action summit of artificial intelligenceWith heads of state that flock to Paris to meet global technology leaders. You will most likely announce some large investments and diplomatic agreements that concentrate on the security or environmental impact of artificial intelligence.

Before the summit, early phase VC company Galion.exeGrowth investment company Revaiaand consulting firm CHAUSSON partner Combined to create them French AI reportthat deals with the current trends in the Tech Ecosystem.

While all eyes are currently in the United States and China and are looking for Openai for it raise Dollar and Deepseek capture All attention, there was also a boom in KI startups in Europe. In 2024 alone, AI companies made up around 20% of all VC financial means in the region.

In total, this corresponds to around 8 billion US dollars for the financing of AI startups in 2024. This metric will most likely grow quickly, since KI startups are still relatively young. 70 percent of the capital increased by KI startups in 2024 were for a seed for series B.

European countries that tend to attract VC financial means in general have also become the most important AI investment centers, with Great Britain leading the group, France and Germany, and the Nordic punch above the demographic weight. Here is the collapse from 2020 to 2024:

Interestingly, they generally attract international investors for larger companies, with US companies making around 50% of the money that is invested in the round of Serie C in AI companies.

In France there are “more than 750 startups that have created 35,000 jobs and work in all areas that change today’s society,” said Minister delegate for artificial intelligence and digital technologies, Clara Chappaz, at a press conference.

She also mentioned that there are 2,000 scientists who concentrate on AI research and 600 doctoral students in artificial intelligence. And maybe you have found that there are also some French engineers and researchers for AI companies in the USA.

The team behind the French AI report looked more precisely the top 400 KI startups in France and tried to identify the rising stars. While Mistral they have And pool are already some known names for readers who have followed the AI industry, the vast majority of KI startups are not working on the next foundation model.

On the infrastructure front, some companies optimize data workflows and pipelines, such as: Levyp And KestraOr improvement of inference performance, such as MMLOr development agents that can search large data records and improve productivity. Dust is a good example of this.

However, the reality is that most AI startups in France focus on applications for certain industries. Based on this report, two important areas for AI startups in France are health and climate.

Owkin and his spin-off-biotech company Biopimus I have managed the package at the Health Tech Front, but it is a surprisingly diverse group of companies with three large areas of interest: imaging instruments, drug discovery and improvement in medical treatment.

While a large part of the AI industry focuses on productivity gains for office workers, artificial intelligence is also actively used to build up the next generation of climate startups. In addition to Agritech, the carbon and energy management – two topics that are related – seem to be a big focus. There is also a handful of promising new material companies that arise (Elsewherefor example).

All companies contained in the list can be found here. You will also find many AI companies that work on a job function – sales, customer care, personnel department or legal – and use 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 at a quick pace. We are still at the beginning of the AI revolution, and although it is easy to over the AI as expected.