In the ever-changing world of technology, one thing remains clear: money is essential for success. The French tech sector experienced a decline in fundraising in 2023, with only 8 billion euros raised compared to 13 billion the year before. This setback led many to believe that the star of “French tech” was fading. However, despite this setback, two French companies, Verkor and Mistral AI, managed to secure spots in the European top 10.
Verkor is gearing up for success with plans to launch a massive battery factory for electric vehicles, while Mistral AI is making waves as a leader in artificial intelligence. The sector has been riding high on advancements in generative artificial intelligence following the success of ChatGPT. Despite the temporary downturn in 2023, the future looks bright for the French tech industry. With companies like Mistral AI leading the charge, the sector is poised for growth and innovation in the coming years. The lights are now green, signaling a new era of opportunity and success for “French tech.”