Bernard Arnault, the founder and CEO of LVMH and one of the world’s wealthiest individuals, has been making significant investments in artificial intelligence companies through his venture firm and family office, Aglaé Ventures. These investments have not only showcased Arnault’s interest in the technology sector but also demonstrated his commitment to staying ahead of the curve in the ever-evolving landscape of AI.
Aglaé Ventures made five AI-related investments in 2024, totaling more than $300 million. One of the notable investments was in H, a French startup aiming for artificial general intelligence. This $220 million funding round, which included prominent investors such as Accel Partners LP and the former CEO of Google, valued H at $370 million. Additionally, Aglaé Ventures invested in other AI companies like Lamini, Proxima, Borderless AI, and Photoroom, further diversifying its portfolio in the tech industry.
While Aglaé Ventures has been focusing on AI investments in recent years, the family office has also expanded its portfolio to include investments in other sectors. These investments range from blockchain companies like Sonarverse to providers of ADHD coaching like Shimmer, indicating a diverse investment strategy that goes beyond the realm of artificial intelligence.
Bernard Arnault’s track record in investing in technology startups dates back to the 1990s. His family office was an early supporter of companies like Netflix, Spotify, and Airbnb, highlighting Arnault’s keen eye for successful ventures. Despite some startups not making it, Arnault remains dedicated to supporting innovation and creativity, values that he believes align closely with the startup mentality.
Despite the Arnault family’s heavy concentration in the luxury sector, particularly with their ownership of LVMH, Aglaé Ventures’ focus on technology investments reflects Arnault’s broader interests beyond luxury. While LVMH has made significant strides in luxury watchmaking, with Aglaé Ventures participating in funding rounds for companies like Chrono24, Arnault’s investments in AI and other tech startups showcase his commitment to exploring new frontiers and staying abreast of technological advancements.
Bernard Arnault’s investments in AI companies through Aglaé Ventures underscore his forward-thinking approach to technology and innovation. By diversifying his investment portfolio and venturing into emerging sectors like artificial intelligence, Arnault continues to cement his reputation as a savvy investor with a keen interest in the intersection of luxury and technology. As the tech landscape continues to evolve, Arnault’s strategic investments in AI companies position him at the forefront of the industry, ready to capitalize on future opportunities and drive innovation forward.