This week's Startup Weekly highlights how uncertainty in the market has carved a niche for security and AI startups, with AI funding rising significantly despite an overall dip in startup investment. Notably, startups focused on defense and resilience in Europe raised a record $5.2 billion. Mistral AI's success at the Paris AI Summit illustrates the rising tide of AI innovations, while mergers and acquisitions in security present further growth opportunities. Overall, key sectors like carbon removal also show promising investment trends, indicating resilience in selected markets.
Countercyclical: AI startups raised $110 billion in 2024, a 62% increase compared to 2023, while overall startup funding was down 12% year on year.
European startups in the defense, security, and resilience tech space raised $5.2 billion last year, a record 10% of all VC funding in the region.
Mistral AI was in the spotlight this week during the Paris AI Summit, with its AI assistant Le Chat becoming the most downloaded iOS app in France.
Carbon removal startup Chestnut Carbon closed a $160 million Series B round of financing to turn old farms into forests.
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