STATION F REVEALS ITS 40 BEST-PERFORMING STARTUPS IN 2024

Every year in November, STATION F reveals the Future 40 - which is our annual list of our 40 best-performing startups. Chosen from over 1,000 startups, these companies represent the top 4% of STATION F each year. Selected companies benefit from unparalleled visibility, which accelerates funding, generates business opportunities and facilitates recruitment.

The first edition of the Future 40 took place in 2019 in a live-pitch format on campus at STATION F. As of 2020, the format moved online allowing for investors around the world to participate. Initially, the Future 40 was only accessible to companies who had raised €1 million or less. However, this criteria was changed in 2023 and there is no longer a funding limit for startups to qualify.

As of 2022, STATION F also started investing a founder-friendly follower check in 10 companies from each batch. We have been so privileged to have many of the top global funds and investors participate in the Future 40. Some of our Future 40 companies have raised with funds like Accel Partners, Northzone, EQT Ventures, Runa Capital, Partech, Notion Capital, RTP Global, Singular, Y Combinator, Blossom Capital, Seedcamp and more. Since its inception, Future 40 companies have collectively raised €603 million.

An international batch with over 50% repeat founders

We are truly impressed by the quality of this year’s Future 40, not only in terms of the projects but also the exceptional profiles of the founders. Among the 40 startups, 21 are led by repeat founders, including notable names like Clémentine Lalande (CEO Kelvin), former CEO of Once, and Eliott Reilhac (CEO Formality) former co-founder of TVTY. Beyond the repeat founders, several have remarkable backgrounds: Joel Belafa (CEO Biolevate) spent nearly nine years as Director of Engineering at Dataiku; Graham Walters (CEO of Drawbridge Labs) was the producer of Finding Nemo, Despicable Me 4 and Toy Story; and Axel Cateland (CEO Kulipa) previously held roles as Head of Banking at Spendesk and VP of Market Expansion at Mastercard.

Additionally, many founders come from abroad, highlighting STATION F’s international appeal. We’re proud to host over 15 nationalities in this batch, including founders from Italy, Mexico, the UK, Morocco, Lebanon, the USA, Iran, Germany, Madagascar, and Algeria, to name a few. On top of this, the Future 40 2024 teams have grown by an average of 214.31% in the last six months, reflecting their strong recruitment capabilities and talent attraction.

Collectively, the startups in this batch have raised €93 million to date, with 88% of the investments coming from international investors. The most represented verticals this year are Productivity Tools, ClimateTech, Infrastructure, and BioTech. We consider AI to be a cross-vertical technology, with 34 out of the 40 startups using it at the core of their solutions. Half of the batch has gone through one of our in-house programs (Founders Program & Mafia). We are proud to see that our partner programs are represented, including Entrepreneur First, META, HEC Paris, Cegid, Thales, 21st by CentraleSupélec, EDHEC, ESSEC, BNP Paribas, & TotalEnergies.

Now, here is the list of the Future 40 batch 2024:

Altrove: Using the latest advances in AI models and lab automation, Altrove develops and manufactures alternatives to critical yet insecure materials needed to reach Net Zero, bridging the gap between prediction and industrial application. Their patent-pending technology enables them to develop new materials 100x faster than ever before.

Arago: Arago creates a unique component to overcome both computing and memory limitations, by using a totally different medium: light. Arago was founded by a trio of AI researchers and physicists from École Polytechnique and MIT, backed by executives from leading AI and semiconductor companies, including Arm’s GM, Intel’s CTO, Hugging Face’s CSO, Apple’s VP, and others. 

Biolevate: By harnessing the power of AI, Biolevate turns mountains of data into actionable insights, accelerating the discovery of breakthrough treatments, and transforming the pace of innovation. They’re automating the tedious and complex, freeing up the brightest minds to focus on what truly matters: making revolutionary scientific discoveries.

Bluco: Bluco helps companies fill open positions within a week, by bringing AI to messaging apps and integrating into current recruitment softwares.

CarbonFarm: CarbonFarm pioneers satellite-verified carbon credits in agriculture, starting with rice. They unlock additional revenues for farmers adopting sustainable practices, while helping corporations reach their net-zero goals. CarbonFarm has raised a €2.5M seed round. 

CleanMob: CleanMob is a B2B car greentech startup revolutionizing automotive telematics by enabling companies to boost their vehicle fleets performances and productivity using connected cars data and cutting-edge virtual sensors technology.   

COMIN: COMIN is the first ride-hailing platform to offer a fair, sustainable, and participative model, built to redefine urban mobility by empowering drivers and delivering affordable, eco-friendly rides to passengers.  

Corma: Corma has built an IT copilot that monitors, governs and automates your software licences & identities.

.omics (Dotomics): .omics is crafting personalized plants that will meet the demands of a changing climate and an evolving world, addressing critical societal challenges such as enhancing food security for a growing population and advancing sustainable, plant-derived medicines.

.txt (dottxt): .txt is a tool which makes LLMs reliable enough for the world to build on. The team is creating an ecosystem where developers can design, execute, deploy, and evaluate LLM applications.

Drawbridge Labs: Drawbridge Labs is building the studio of the future based on a SaaS platform for Computer-Generated Imagery (CGI) production to empower a new generation of content creators. The founders are entertainment industry veterans with senior leadership experience at Pixar, Disney, and Wētā Digital. 

Entalpic: Entalpic is an AI company dedicated to accelerating materials research to drive a fair ecological transition. The team develops a machine learning platform to discover new catalysts that optimize chemical reactions, cutting CO2 emissions in key industrial processes and making a substantial environmental impact.

EXXA: EXXA is building the most efficient batch inference infrastructure to process high-volume workloads and generate high quality tokens at a fraction of the costs. 

Formality: Formality helps companies and their legal teams secure revenue and control spending thanks to its automatic contract monitoring platform. 

ICONO: ICONO allows any media producer to create their own AI video search engine. 

Jimini: Jimini’s mission is to automate most low-value tasks, allowing legal professionals to focus on higher-value work. Their AI-powered co-pilot assists professionals in law firms and in-house counsel with research, analysis, and drafting, delivering unmatched efficiency and accuracy.

Kelvin: Kelvin is a B2B SaaS who generates home energy retrofit plans. Earlier this year, the startup raised €5 million. The CEO, Clémentine  Lalande, is a graduate of Centrale Paris and TU Berlin. She’s the former CEO and co-founder of Once, a dating app that grew to 12 million users across 8 European countries. 

Koyeb: Koyeb provides a serverless cloud for developers and teams to seamlessly deploy apps and databases on high-performance infrastructure around the world. The platform is the fastest way to run low-latency AI workloads, web applications, and APIs globally.

Kulipa: Kulipa created a debit card issuer for crypto wallets. They make crypto payment as smooth and fast wherever Mastercard and Visa are accepted. With their white-label platform, they provide a solution that covers both the technical and regulatory requirements of card payment.

Leadbay: Leadbay is a domain-specific AI model for B2B sales, trained on companies in their local market and the company's knowledge (CRM, ERP, CSV), capable of predicting their next customers. 

Leanear: Leanear empowers organizations to secure multimodal AI solutions by protecting their data in the cloud beyond traditional perimeter security. 

Leasi: Leasi revolutionizes the way consumers access their technology products to make it more flexible, economical and green.

Moneco: Moneco is the neobank of the French speaking African diaspora based in Europe. They make it easy for their users to open a bank account (only a passport needed) and give them access to a range of financial services (FR IBANs, international VISA card, P2P, wire transfers, instant remittances to Africa). 

Neuralk-AI: Neuralk-AI develops their own AI embedding models specialized for structured data representation, allowing enterprises to build custom AI solutions that accurately interact with their own structured data. 

Optimmo Energies: Optimmo accelerates energy retrofitting with a state of the art tech enabling every real estate owner to have the best retrofit scenarios, 100% remote.

Orus Energy: Orus Energy is an energy flexibility software enabling consumers to automatically shift flexible loads off carbon peak times, thereby supporting the balance and resilience of the power grid.

Pollen Robotics: Pollen Robotics is revolutionizing the field of robotics by creating open-source humanoid robots that address critical challenges in automation. Their mission is to empower the AI community with cutting-edge, human-like robots designed for complex physical tasks, improving efficiency and solving labor shortages across industries. 

Presti: Presti helps furniture companies to create product visuals with AI. Unlike other generative AI tools, their core model is optimized for furniture products and includes multiple features tailored to the unique needs of the furniture industry. Earlier this year, the team raised 3,5 million euros. 

Qevlar AI: Qevlar AI revolutionizes security operations centers with its autonomous, explainable AI-powered alert investigations. Seamlessly integrating into any environment, it leverages existing resources to conduct comprehensive analyses, providing analysts with actionable insights.

Raidium: Raidium has pioneered the first-ever radiological foundation model, dubbed the 'GPT' of radiology. This AI breakthrough aims to create an imaging biomarker factory for clinical and research purposes, embedded in an AI-native platform to address precision medicine's complexities.

Rakoono: Rakoono is the first AI study companion in every student's pocket. Powered by machine learning, LLMs and VLMs, Rakoono breaks down problems step by step, generates quizzes aligned with upcoming deadlines, creates exercises based on students’ passions, and keeps parents in the loop with weekly progress reports.

Rounded: Rounded is a comprehensive platform that enables any company to easily assemble, deploy, and monitor AI voice agents at scale. 

Steerlab: Steerlab is an AI-first solution that helps pre-sales teams automate over 80% of their responses to requests for proposals (RFPs), security questionnaires, and other vendor documents. 

Syntetica: Syntetica uses green chemistry to close the loop on synthetic textiles, starting with nylon. Founded in 2023, the startup raised a €4.2M seed round led by EQT Ventures. The team is working with Victoria's Secret and ETAM as its first customers to deliver 100% recycled nylon materials.

Theremia: Theremia is an AI-powered platform that creates drug derivatives for specific population subgroups, particularly targeting neurological disorders. By utilizing multi-scale algorithms, along with advanced machine learning techniques, Theremia optimizes drug properties—such as dosage, frequency, and formulation—to enhance efficacy and minimize side effects.

Twelve: Twelve is an AI practice management software for dental offices. 

Twenty: Twenty is a modern, powerful, and affordable open-source CRM platform for managing customer relationships. Built around customer data and adaptable to unique workflows, Twenty is designed to meet the evolving needs of fast-growing companies. 

Upstream: Upstream is an email client designed for team collaboration. We add features like channels and task-tracking functionality on top of a typical email client, so that teams can have full context and transparency on all of their conversations, and make decisions more efficiently.

Vazy Data: Vazy Data is a simple and intuitive AI data analysis co-pilot that helps companies manage their decisions with ease and speed.

Veeton: Veeton is a cutting-edge AI platform that develops proprietary models to transform fashion imagery. It generates on-model photos from flat lay images, allowing brands to create high-quality visuals quickly and at scale.

About STATION F

STATION F is the world's largest start-up campus, founded by Xavier Niel in 2017 and based in Paris. The 50,000m2 campus supports over 1,000 startups a year, who take part in 30 different support programs. The startup community already boasts a number of success stories, including Hugging Face, Alan, Yuka, Neoplants and many others. STATION F offers everything entrepreneurs need to launch and develop their companies.

For more information, please contact press@stationf.co