
🇫🇷 French Tech Wire: Oh, Good Grief! The Great Funding Famine Deepens
VC funding remains in freefall as French startups go hungry; MSInsight offers hope to the future of cancer detection; Yubo offers hope to companies that want to be profitable.
VC funding remains in freefall as French startups go hungry; MSInsight offers hope to the future of cancer detection; Yubo offers hope to companies that want to be profitable.
CEO and co-founder Arnaud Dr. Cutivet: “MSI cancer cells are present in 4% of cancers, especially colorectal, stomach, and endometrial cancers. Early detection, particularly in colorectal cancer, means we can use immunotherapy effectively, potentially saving lives.”
Yubo CEO and co-founder Sacha Lazimi: "The goal is to create authentic and meaningful new connections that are not based on followers or likes or comments."
Mistral says no no no IPO; Meta AI invades Europe; Frenchies take a stand against data centers.
Startups that raised from March 1 7 to March 21 also include: Extracadabbra, Spring, Aletiq, Valuesed, Flagcat, Evera, OpenStone, Sharesub, and TheraPPI Bioscience.
Rippling asks: What's the Deel?; Descartes explains its climate risk philosophy; and the battle to protect the startup ecosystem from budget cuts rages on.
Chief Science Officer Kévin Dedieu: "AI represents between 2-5% of our tech investments. Next year, we’re increasing that by 10%, with more resources dedicated to AI and using it for our core models. The cost of AI is relatively low, but its impact is huge.”
What lurks behind 6 mysterious "Stealth" LinkedIn profiles? Our paid subscribers will know.
Spore.bio wages germ-testing warfare; Wandercraft wins a prize for its AI exoskeleton; French publishers tell Meta where to stick its algorithms.
The startup has raised $31.3 million for its light-based AI technology to disrupt centuries-old testing methods across food, pharma, and cosmetics industries.
Startups that raised from March 10 to March 14 also include: Fizimed, DashBook, Ateliers HeritageBike, DrugOptimal, MSInsight, Beyond Green, NOIISE, and Sootenir.
WeWard CEO Yves Benchimol serves up some lessons; Edumapper founders hit the repeat button; Deep Tech's annual checkup gets mixed results.
CEO Yves Benchimol: "She definitely understood how a startup works. She said, 'Okay, I want to be a shareholder of this company. I trust it in terms of its image and business. It can be huge, especially in the US and in terms of impact.'"
Edumapper raised €5M just days after launching its website. Having a core of repeat founders helped make the case.
Topics: AI-Generated Meteorological Risks, Bioethical challenges, How AI will impact women at work, and more.
Inside: Growl hopes its AI Boxing Bag will be a hit; the French army hops on the AI bandwagon; more AI events than you can shake a stick at.