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Venture funding in France has shown stability, largely attributed to the rise of AI startups. In 2024, French startups secured €7.1 billion in venture funding, a slight increase from €6.8 billion in 2023, although still down from €11.8 billion in 2022. AI now accounts for 27% of total funding, with AI startups raising 82% more than the previous year.
The report highlights a dual perspective on the AI sector's impact on funding. While some view the reliance on AI as a potential slowdown for non-AI startups, others see it as a significant opportunity for growth and innovation. France remains a key player in the European tech landscape, with 45 unicorns, including new entrants like Pennylane and Pigment.
• AI startups raised 82% more funding in 2024 compared to 2023.
• AI represents 27% of total funding in the French startup ecosystem.
Venture funding refers to the capital provided to startups and small businesses with high growth potential, which is crucial for their development.
A unicorn is a privately held startup valued at over $1 billion, indicating significant market confidence and potential.
AI involves the simulation of human intelligence processes by machines, particularly computer systems, and is a driving force in modern tech startups.
Mistral AI specializes in developing foundation models that serve as the backbone for various AI applications.
Owkin focuses on AI-based drug discovery, leveraging machine learning to enhance the pharmaceutical development process.
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