Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

French fintech company SESAMm uses big data, AI to build investment strategies; raises €7.5M

Editorial team by Editorial team
February 1, 2021
in (Crowd)funding, FinTech, News
SESAMm

Image credit: SESAMm

67
SHARES
LinkedInTwitterWhatsAppFacebook

Despite the coronavirus pandemic, fintechs have shown growth globally. As per a report, on average, fintech firms reported a year-on-year increase in their transaction numbers and volumes of 13 per cent and 11 per cent respectively in Q1-Q2 of 2020, as compared with the same period in 2019. In this regard, a Paris-based provider of analytics and AI solutions for investment professionals and enterprises, SESAMm, has announced its Series B round of funding of €7.5M.

About the investors

The round was led by two investors – NewAlpha Asset Management and The Carlyle Group.  NewAlpha Asset Management offers products and services in the areas of Private Equity and Absolute Return strategies. In 2015 NewAlpha launched a Private Equity investment activity specialising in technology-driven sectors including Venture Capital (primarily fintech, insurtech and AMtech), and Growth Equity (TMT, health and industrial niches). It is a subsidiary of La Francaise AM (Crédit Mutuel Nord Europe group).

- Partner content -
EIT Digital
EIT Digital Challenge 2022 is here!
Calling all European deep-tech scaleups for EIT Digital Challenge 2022Show More
Calling all European deep-tech scaleups for EIT Digital Challenge 2022 Show Less
Read more

The Carlyle Group is a global investment firm that deploys private capital across three business segments – Global Private Equity, Global Credit and Investment Solutions. It has about $230B of assets under management. The firm employs more than 1,800 people.

Carlyle was one of SESAMm’s major clients that moved from pilot to scale and has had access to the company’s data solutions since the start of 2020.

In addition, SESAMm’s existing investors including partHavenrock, AngelSquare, La Caisse d’Epargne, BPI, and Banque Populaire, also participated in this round.

What services does SESAMm provide?

SESAMm is a fintech company that specialises in big data and artificial intelligence for investment. Its team builds analytics and investment signals by analysing billions of web articles and messages using natural language processing and machine learning. The company was founded in 2014 by Florian Aubry, Pierre Rinaldi, and Sylvain Forte.

With SESAMm’s Natural Language Processing (NLP) platform TextReveal and its quantitative data science platform SignalReveal, the company addresses the entire value chain of alpha research.

It’s more than 50 person team in Paris, New York, Tokyo, Tunis, and Metz (France) works with major hedge funds, banks and asset management clients globally for both fundamental and quantitative use cases.

Use of the funds

The raised capital will help SESAMm to increase headcounts and to expand its operations in Europe, Asia, and North America. The funds will also be used to develop its AI-enabled research tools and dashboards for corporate customers, as well as continuing R&D investment in its Machine Learning (ML) and Natural Language Processing tools.

The company also expects to expand in markets that include private-equity deal sourcing and portfolio management, according to the press release.

SESAMm’s growth

The company recently hired Dale Richards (previously President of Enterprise Data Management at Sungard and board member of Quandl) and Jonathan Neitzell (former Chief Data Officer at Goldman Sachs AM) as new board advisors, joining Mark Garbin (Independent Director, US Funds) in supporting SESAMm’s strategic decision-making and market expansion in North America.

Speaking about the future of his company, SESAMm’s CEO and co-founder Sylvain Forté says, “We understand our customers’ needs and challenges in using Big Data and AI effectively in the investment process. We launched our products TextReveal and SignalReveal to provide clients with relevant and actionable data and models, and plan to continue to improve these products in terms of speed, features, and addressable use cases as we did with our ESG monitoring analytics.”

In April 2019, the company had raised €4.4M in funding to expand into the US market – with its new offices – and in Japan. Prior to that, it had raised €2.6M in April 2018.

 - Partner content -
How cybersecurity scaleup Intigriti conquered the world?
How cybersecurity scaleup Intigriti conquered the world?
Catch our interview with Paul Down, Head of Sales at Intigriti.
Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less
Read more
Tags: FinTechfundingnews
Share5Tweet17SendShare27

Partner content | Work with us

Tokenisation is the future of the financial services industry, and Luxembourg’s Tokeny is at the helm of this change

Copilot for growers: Source.ag’s Rien Kamman explains how it helps growers increase their fresh produce with AI

Waste problem is complex, but Seenons has a solution: CEO and co-founder Joost Kamermans explains the plan

Want to scale your business in Germany and Europe? Here’s how the Scaleup Landing Pad Hamburg can help

Is your deep tech scaleup aiming high? The EIT Digital Challenge 2022 can get you there

Silicon Canals | Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based CarbonCancel, a company that helped offset carbon footprint, shuts shop: Know more

Accenture acquires Amsterdam-based Sentia’s business in three countries: Know more

Amsterdam’s Flow Traders announces dedicated corporate VC unit with €50M initial commitment

Amsterdam’s Just Eat Takeaway pilots grocery delivery service through its own dark store in Berlin

Advertisement

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2022 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact

Silicon Canals 2014-2022 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Silicon Canals
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Statistics

Marketing

Features
Always active

Always active
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}
X
X