Lyon, France-based Eden AI, an AI integration platform, announced on Thursday that it has secured €3M in a seed round led by Galion.exe.
Other investors, including 50 Partners and several prominent business angels, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty), also participated.
The French company will use the funding to accelerate product development, grow its engineering team, and expand its partner ecosystem.
The funds will be used to improve AI workflow capabilities and create monitoring and analytics tools. This will help users track the performance, usage, and costs of all AI services through a central dashboard.
Bridging the gap between AI models and business needs
Founded in 2021 by Taha Zemmouri and Samy Melaine, Eden AI began with a unified API that combined multiple AI models for easy business use.
“With Eden AI, we essentially cover two types of companies. Either SaaS software publishers integrating AI into their product, or more conventional companies automating in-house processes using AI,” says Taha Zemmouri, Co-Founder and CEO of Eden AI to Silicon Canals.
The company’s API provides access to services like natural language processing, computer vision, and generative AI through a single interface.
The French company enables businesses that lack the expertise, resources, and integration know-how to translate complex AI models into intuitive tools to address their unique business needs.
Explaining the use cases, Zemmouri says, “We have a platform that enables our customers to respond to a very wide range of use cases, and we are surprised to discover what our customers manage to put into practice with AI. These range from companies reducing their administrative workload by using AI to extract information from documents to companies setting up chatbots for support, to consumer SaaS applications that include image and text generation.”
Helping SMEs adopt AI seamlessly
With Eden AI, users can easily build complex AI workflows, monitor costs, and manage AI solutions.
“We focus on making AI accessible, cost-effective, and user-friendly for businesses of all sizes, including smaller businesses and startups. Our platform allows users to compare and select AI models based on their specific needs, including cost considerations,” states Zemmouri on engaging smaller businesses/startups.
By combining AI with practical tools for deployment and monitoring, the French company offers a unique proposition that simplifies the AI integration process.
“Our intuitive interface simplifies the integration and management of AI technologies, ensuring that even teams with limited technical expertise can adopt and benefit from AI. By reducing dependency on one provider and offering transparent cost control, Eden AI enables startups to harness the power of AI in a way that aligns with their budget and operational goals,” adds Zemmouri.
AI tech, business model, and more
Eden AI’s comprehensive end-to-end platform enables businesses to access over 70 AI technologies and 100 AI models from providers, including Google, AWS, and OpenAI.
The company has attracted thousands of users worldwide, including notable companies like Atos (Eviden) and the Council of Europe.
Explaining the company’s business model, Zemmouri says, “The Eden AI generates revenue through two main streams. First, users can buy AI credits at the same cost as the original AI providers, with no additional markup. This pay-as-you-go model is ideal for smaller or simpler AI needs.”
“For more advanced requirements, users can subscribe to monthly licenses, which represent the core of our business model. We offer several license options at various price levels to suit the different needs of our users, from startups to larger enterprises,” he adds.
Zemmouri also added that they want to be in the best position for a future Series A financing round.
Hiring
Taha Zemmouri explains that the company is looking for candidates who focus on three main areas:
- Creating an excellent user experience through great design.
- Building a strong platform that can handle many users.
- Offering advanced AI features.
The investor
Galion.exe is a venture capital firm dedicated to investing in innovative startups.
With a team of experienced investors and entrepreneurs, Galion.exe provides financial backing, strategic guidance, and industry expertise to help visionary companies grow and succeed.
Kevin Kuipers, Co-Founder of Galion.exe, says, “Eden AI has demonstrated exceptional innovation in making AI accessible to businesses of all sizes. Their platform’s ability to integrate multiple AI models into existing workflows in a frictionless and intuitive manner is a game-changer for the industry.”
50 Partners is a startup accelerator and venture capital firm co-founded in 2012 by 50 successful entrepreneurs.
It offers early-stage startup mentorship, funding, and strategic advice in the long term, focusing on high-growth potential ventures in the tech, healthcare, impact, and Web3 industries to build tomorrow’s success stories.
Jérôme Masurel, CEO of 50 Partners, says, “We see immense potential in Eden AI’s mission to bridge the gap between advanced AI models and business needs. Its comprehensive platform not only simplifies AI integration but also opens up new opportunities for efficiency and productivity in various industries.”
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