Impact Newswire – 03/02/2025 – In 2024, the European AI sector recorded a major milestone, with companies across the continent securing nearly €3 billion in funding. This surge reflects a rising wave of investor confidence in AI technologies, now recognized as key drivers of economic progress and innovation. With France at the forefront in attracting the highest investments, Europe’s AI landscape is set for remarkable expansion this year.
Investors are keenly aware of the transformative potential of AI across various industries—from healthcare and finance to manufacturing and entertainment. Consequently, numerous startups and established companies have captured attention with groundbreaking projects and solutions, bringing investor confidence and substantial capital into the ecosystem.
Among the ten biggest deals in Europe for 2024, many will undoubtedly make headlines and redefine the sectors they emerge from. While specific deal amounts may vary, the profiles of the companies involved showcase a rich tapestry of innovation.nced $101 million in funding.
1. Stability AI – The world’s first community-driven, open-source artificial intelligence (AI) company today announced $101 million in funding.
2. Gcore – Raised $60 million in series A funding. This investment, the first external raise since the company was started over a decade ago, was led by Wargaming, with participation from Constructor Capital and Han River Partners.
3. Parloa – A leader in AI-powered automation for customer service, today announced that it has raised $66 million in Series B funding led by Altimeter Capital, with participation from new and existing investors EQT Ventures, Newion, Senovo, Mosaic Ventures and La Famiglia Growth.
4. Owkin – Raised over $300 million through investments from leading biopharma companies, including Sanofi and BMS, and venture funds like F-Prime, GV and Bpifrance, among others.
5. Mistral – France’s buzzy AI scale up Mistral continued to make headlines in 2024 as it secured, on its first-year anniversary, a €600 million Series B (including €468m in equity funding), bringing total funds raised since launching in June 2023 to over €1 billion.
6. Helsing – One of Germany’s hottest AI scaleups Helsing secured a hefty €450 million in Series C funding in July. The round was led by General Catalyst and was reported by Bloomberg to value the company at nearly €5 billion.
7. Wayve – Company announces a $1.05 billion Series C investment round led by SoftBank Group, with contributions from new investor NVIDIA and existing investor Microsoft, to accelerate its mission to reimagine autonomous mobility through embodied intelligence.
8. Quantix – Berlin-based AI startup Quantix has raised €200 million in its Series C funding round. This investment will drive the company’s development of advanced machine learning algorithms and bolster its expansion efforts across European and global markets.
9. Poolside – Paris is becoming a hub for AI innovation, and Poolside is one of its standout stars. With a $400 million round, this startup is dedicated to creating AI tools that accelerate software development, backed by a strong team with deep industry experience.
10. Pigment – Another Paris-based success story, Pigment, raised $145 million to fuel its AI-driven enterprise resource planning solutions for finance teams. The startup’s rapid growth underscores the expanding role of AI in enterprise software.
According to CB Insights, European countries have shown the strongest potential in AI development outside the US in the past year. The UK (243), Germany (106) and France (92) lead in the number of registered AI companies.
Since 2020, the number of mergers and acquisitions of European AI startups has been on a sharp rise, from 56 to 136. The biggest AI deal of 2024 in Europe was a $1.3 billion acquisition of BioCtach by Permira.
The momentum from early 2025 investments is set to spark a surge of follow-on funding and attract new market players. For stakeholders—from startups to corporations exploring AI solutions—the landscape is dynamic and ripe with opportunity. The European AI sector stands on the cusp of transformation, with 2025 poised to be a defining year in shaping its future trajectory.
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