Paris-based Cleyrop, a secure and sovereign platform for democratising and industrialising data use, announced on Wednesday, June 7, that it has secured more than €10M in a Series A round of funding led by Keen Venture Partners, a VC firm based in Amsterdam and London.
New investors, Crédit Agricole, Normandie Participations, a family office, and BPI France also participated in the round
Keen says it invests in “exceptional” teams and fast-growing European tech companies from seed to Series B. It uses a thesis-driven approach to investing, developing investment ideas based on fundamental trends in certain areas of technology.
The firm has backed over 20+ European startups and scale-ups.
“Unified, Secure, Sovereign”
Cleyrop was founded in 2020 by Lauren Sayah, Stéphane Messika (founders of Kynapse), Arnaud Muller (founder of Saagie), and Jérôme Valat (founder of oXya).
The startup offers central, secure platforms for data gathering, storage, transformation, analysis, and visualisation with advanced governance features to public and commercial businesses.
To democratise and industrialise the use of data and AI within a reliable framework, the platform promotes adoption and participation by everyone inside project spaces. It wants to become the end-to-end data management partner of big public and commercial companies.
Cleyrop claims to have already won the trust of organisations such as Atout France, MIPIH, and the ACPR (French Prudential Supervision and Resolution Authority).
The firm says it is paving the road towards more accessible, relevant, and responsible data management, thanks to the Collectif CoData, an alliance of French digital businesses giving their know-how, infrastructures, data, and AI technologies to public organisations.
Valat says, “Our product roadmap is ambitious, with disruptive technological innovations linked to the academic and scientific world, such as generative AI for decision-makers or the deployment of “Green IT” functions.”
“We also aim to obtain the highest security certifications in compliance with French and European regulations, such as SecNumCloud in France. Our development is based on a strategy of profitable growth supported by relationships of trust and long-term partnerships with the private and public sectors, both in France and in Europe,” Valat adds.
A positive impact of data
Cleyrop’s goal is to give their clients unified solutions for the whole data lifecycle (collection, storage, governance, processing, and visualisation), supporting their clients’ data strategy in a sustainable and ethical manner.
To do this, the company takes into account factors such as strong ESG commitments (carbon footprint, parity, diversity, etc.), an intuitive product experience to expand the uses of data, and an industrial base to ensure scaling up and mass processing of large volumes of data.
“We want to put data at the heart of organisations, freeing up usage and enabling informed decision-making to accelerate major challenges such as innovation in healthcare or the ecological transition,” says co-founder Lauren Sayag.
Currently, Cleyrop is collaborating with Caisse des Dépôts Group on a TechSprint initiative to encourage the creation of “innovative” data services and quicken the nation’s ecological transformation.
The startup is developing a sustainable tourism barometer with its customer Atout France, a public operator in charge of advertising the French territory, to measure, track, and forecast the different sectors that need development (transport, energy, water, etc.).
In the healthcare industry, Cleyrop is collaborating with MIPIH, a French HDS-certified hosting company, to give hospitals management and forecasting capabilities in order to boost their operations, enhance patient satisfaction, and enable data sharing for medical and scientific research.
European ambition
Cleyrop says it is dedicated to national initiatives supporting digital sovereignty.
It is a partner of the Choiseul Institute on their Sovereignty positions papers. The company has established a think tank with representatives from the public and business sectors to develop strategies for France’s technological independence.
The firm is in charge of the Strategic Committee’s Training & Innovation working group, which was established by the French Ministry of Economy, together with its partner 3DS Outscale (Dassault Systèmes).
Cleyrop says it is also devoted to upholding Europe’s technical independence.
It takes part in Gaia-X actively. It also participates in several R&D projects with a European emphasis, such as SHIFT, SIMPL, and EDHISI (which creates the first federated European health data space in partnership with 3DS Outscale and ITM Teralab).
Muller says, “Cleyrop is carrying out its mission to make data accessible, safe and industrial in alignment with European regulations, the DSA, DMA, DGA and soon IA ACT. We are proud of our ambition: to protect Europe from any dependency and to accelerate the emergence of a trusted digital sector.”
Although Cleyrop started in Normandy (a region of northern France) where its R&D teams are situated and many new hires will soon join, the company claims to have turned Europe into a competitive arena where it hopes to take on American service providers.
Its goal is to become one of the European champions to take on the new challenges of the digital revolution, more economically, socially, and ecologically responsible. By 2025, the company expects to generate over 50 per cent of its revenue outside of France.
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