Sinequa, a Paris-based startup specialised in the AI-powered search and analytics market, recently announced a $23 million (€20.5 million) Series B funding round led by Jolt Capital and supported by Troismer BVBA, an existing investor. With this new funding, Sinequa will invest in its award-winning AI-powered search and analytics platform that connects knowledge workers in some of the world’s largest organizations with the information, expertise and insights necessary to make information-driven decisions.
According to IDC, by 2020 organizations able to analyze enterprise content and data assets to deliver actionable information and insights will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers.
Alexandre Bilger, CEO at Sinequa, said:
After investing years of research and development into building our world-class platform, Sinequa remains the only software company providing enterprise customers with the means to accelerate innovation, improve efficiency and agility. We do this by synthesizing all enterprise data, in all formats and all languages into accessible and useful information, securely and at scale. This round of financing will allow us to quickly achieve our vision to power the information-driven economy.
Fabrice de Salaberry, COO at Sinequa added,