ChapsVision, a Suresnes, France-based AI-enriched data processing company, raised US$90M in funding.
The round was led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital.
The company intends to use the funds to accelerate these efforts, expanding its reach and investments in R&D and product enhancements.
Founded by CEO Olivier Dellenbach, ChapsVision enables companies and administrations to complete their digital transformation and create value through a software suite centered around its data operating system. Through R&D investments in big data processing, complemented by a sustained strategy of international acquisitions and development, it assembled a cohesive group of two branches addressing data-intensive sectors: one for businesses and the other for government organizations.
Created in 2019, ChapsVision has nearly 1,000 employees, 1,000 major clients, and is targeting a turnover of more than €200 million in 2024.
The company also acquired Sinequa, a Paris, France-based company which specializes in AI-powered enterprise search and retrieval-augmented generation (RAG). Through this acquisition, ChapsVision will enhance its ArgonOS platform, combining advanced search and data processing capabilities that support clients’ digital excellence in industries such as manufacturing, life sciences, financial services, and aerospace and defense.
FinSMEs
18/11/2024