Cosmo Tech, a Lyon, France-based company which specializes in AI Simulation software for enterprise decision making, received a majority investment from Insight Partners and former Accenture executives Phillip Hazen and Gerry Coulter.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
As part of the transaction, Hazen and Coulter will be appointed as Cosmo Tech’s CEO and CFO, respectively.
Co-founded by Hugues De Bantel and Michel Morvan, Cosmo Tech is an AI-Simulation software company for enterprise decision making and business performance optimization. It specializes in the modeling of complex systems and is an expert in combining core advanced simulation with other AI techniques.
Companies in the manufacturing, automotive, energy, and transportation sectors use it to anticipate what is coming and confidently optimize operations and strategies for better financial performance and resilience, while securing their net-zero carbon trajectory.
FinSMEs
02/12/2024