TechCrunch Startup News European AI startups have raised $8 billion in 2024
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Feb 7, 2025 Heads of state are gathering in Paris for the upcoming Artificial Intelligence Action Summit, aiming to tackle the safety and environmental impacts of AI. In 2024, European AI startups raised an impressive $8 billion, dominating 20% of the region's VC funding. France is experiencing a surge in this sector, creating 35,000 jobs and benefiting from the expertise of 2,000 scientists. Attention is on top startups innovating in health and climate, with diverse applications designed to boost productivity.
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European AI Funding
- European AI startups raised $8 billion in 2024, representing 20% of all VC funding in the region.
- Most funding went to Series C to B rounds, with the UK, France, and Germany as main hubs.
French AI Landscape
- France has over 750 AI startups, creating 35,000 jobs and impacting various societal areas.
- The country also boasts 2,000 AI-focused scientists and 600 doctorate students in the field.
French AI Focus
- While some French AI startups like Mistral AI focus on foundational models, most target specific verticals.
- Key areas include optimizing data workflows, improving inference, and developing data-sifting agents.