Other notable AI startups include Dust, which is integrating large language models with internal corporate data, and Giskard, which is developing an open-source testing framework. The French government is also supporting these startups, with some working on public tenders for government grants as part of France 2030. Furthermore, a new wave of stealth AI startups is emerging, with companies like Adaptive, ZML, Heart Hands, and Chief of Staff in the pipeline. Despite a downturn in the overall tech ecosystem, French AI startups are being founded rapidly, with VC firms competing for the most promising funding rounds.
Key takeaways:
- France is emerging as a major hub for AI startups, with companies like Mistral AI, Poolside, and Dust gaining significant attention and funding. These companies are part of Motier Ventures' portfolio and are contributing to the growing AI ecosystem in the country.
- Major tech companies like Facebook and Google have set up AI research labs in Paris, leveraging the large talent pool of PhD students in math, computer science, and engineering. This has led to the creation of impressive AI projects and initiatives.
- Mistral AI, which is working on open source large language models, is planning to raise as much as $300 million in the coming weeks. Other AI startups like Poolside and Dust are also making significant strides in their respective fields.
- There is a new wave of stealth AI startups emerging, with companies like Adaptive, ZML, Heart Hands, and Chief of Staff gaining momentum. This trend indicates a high level of activity among French startups at the early stage, with new AI startups being founded at a rapid pace and VC firms competing for the most competitive funding rounds.