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CARMAT

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Developer of a next-generation total artificial heart offering a potential alternative to transplants

Vélizy-Villacoublay, FranceFounded 2008Biotech & Life Sciences
Valuation $7.0M Market cap · 2026
Revenue $7.7M Latest reported FY

About CARMAT

Carmat (CARMAT SA) is a French medical technology company specializing in the development of the Aeson® total artificial heart, an implantable bioprosthetic device designed to provide a long-term solution for patients suffering from end-stage biventricular heart failure. Founded with the goal of bridging the gap between organ shortage and patient need, Carmat combines advanced engineering, biomaterials, and medical innovation to replicate the natural function of the human heart.

The Aeson system mimics both the structure and performance of a biological heart. It uses sensors, microprocessors, and biocompatible materials to automatically adjust blood flow according to the patient’s physical activity, ensuring physiological balance and improved quality of life. The external power and control unit allows recipients to move freely while maintaining continuous cardiac support.

Developed through collaboration with cardiac surgeons, engineers, and scientific partners, Aeson represents a major advance in the field of cardiac prosthetics. It is designed not only as a bridge to transplant but also as a potential permanent replacement therapy for patients who are not eligible for donor hearts.

Carmat continues to work toward expanding the availability of Aeson through clinical studies and regulatory partnerships, with a focus on improving long-term patient outcomes and advancing the frontier of artificial organ technology.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2008
Headquarters
Vélizy-Villacoublay, France
Listing
IPO 2010
Employees
733
Open positions
None listed
Dealroom signal
68.8/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Biotechnology, Cardiology and cardiovascular, EIC, Horizon Europe, observatoire industrial tech, DT and LS, observatoire healthtech
Technology
Artificial Intelligence, 3D Technology
Business model
Manufacturing
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITY✓Other financing Mar 2025 $0 — IRIS Capital Investment ↗
POST IPO EQUITY✓Other financing Jan 2025 $11M — Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $7.7M 0% −$44M -568.1% −$57M -734.2%
2025 $7.7M 0% −$44M -568.1% −$57M -734.2%
2024 $7.7M +145.8% −$44M -568.1% −$57M -734.2%
2023 $3.1M +665.6% −$38M -1219.5%
2022 $409K -84.1% −$50M -12288.7%
2021 $2.6M +24951.6% −$44M -1698.1%
2020 $10K — −$23M -220289%
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Growth signals

CARMAT website traffic

Latest recorded traffic for CARMAT is 2.1K monthly website visits, down 4.5% over the last three months. CARMAT's team declined 1.2% over the past year.

Latest monthly visits2.1K 3-month web change-4.5% 1-year team growth-1.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Truffle Capital
  • European Innovation Council

Series B and later5 investors entered at this stage

  • Bpifrance
  • ALIAD (Air Liquide)
  • European Investment Bank
  • France 2030
  • IRIS Capital Investment

Other known investors3 additional known investors

  • Air Liquide
  • Airbus
  • Otium Capital
Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
19 countries with
team presence
🇫🇷 France80.3%
🇺🇸 United States4.4%
🇮🇹 Italy2.9%
🇮🇳 India1.5%
🇵🇰 Pakistan0.7%
Top 5 of 19 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about CARMAT on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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