Sinequa Receives $23 Million in Series B Financing Round

Cate­gory: Private Equity
10. July 2019

Frank­furt am Main — Paris — Sine­qua, a specia­list in cogni­tive search and AI-based search and analy­tics, has successfully closed a $23 million Series B finan­cing led by Jolt Capi­tal and supported by exis­ting inves­tor Trois­mer BVBA. Sine­qua will invest the addi­tio­nal funds in rese­arch and further expan­sion of its AI-powered search and analy­tics plat­form to include inno­va­tive arti­fi­cial intel­li­gence capa­bi­li­ties. For its rese­­arch-based inno­va­tive tech­no­logy, Sine­qua has been ranked as a leader in the field of Cogni­tive Search by inde­pen­dent consul­ting insti­tu­tes seve­ral times.

Some of the world’s largest compa­nies are alre­ady using the Sine­qua plat­form to tap into very large volu­mes of data, analyze it, and provide their employees with contex­tual infor­ma­tion deri­ved from it. As a result, they gain new insights, make better decis­i­ons and increase their produc­ti­vity. Accor­ding to IDC, orga­niza­ti­ons that are able to analyze enter­prise content and data assets to deli­ver actionable infor­ma­tion and insights will realize an addi­tio­nal $430 billion in produc­ti­vity bene­fits over less analy­ti­cally orien­ted orga­niza­ti­ons by 2020.

“After years of rese­arch and deve­lo­p­ment to build our plat­form, we are proba­bly the only soft­ware vendor to offer compa­nies the ability to acce­le­rate inno­va­tion, improve effi­ci­ency and agility on a global scale and on an unpre­ce­den­ted scale. We do this by secu­rely aggre­ga­ting all enter­prise data in all formats and languages into acces­si­ble and useful infor­ma­tion — even with very large data volu­mes,” explains Alex­andre Bilger, CEO of Sine­qua. “This latest round of funding will enable us to more quickly realize our vision of the infor­­ma­­tion-driven economy.”

Fabrice de Sala­berry, COO of Sine­qua: “Sine­qua has been expe­ri­en­cing strong reve­nue growth for years, reaching 91% last year. With the addi­tio­nal resour­ces, we are able to drive inno­va­tion in our products, provide even better value to our custo­mers, expand our market presence and part­ner ecosys­tem quickly and with vigor.”

“As a private equity tech inves­tor in Europe, we support inno­va­tive tech­no­logy compa­nies with outstan­ding finan­cial perfor­mance like Sine­qua,” said Jean Schmitt, Mana­ging Part­ner at Jolt Capi­tal. “Sine­qua offers a compre­hen­sive and robust AI-based search plat­form built on state-of-the-art natu­ral language proces­sing and machine lear­ning tech­no­lo­gies that enable large enter­pri­ses to extract value from data. Given this strong appeal in the market, we are exci­ted to part­ner with Sine­qua and support the next phase of its global expansion.”

Just recently, Forres­ter Rese­arch confirmed Sinequa’s ability to expand employee intel­li­gence at scale in its “Forres­ter Wave™: Cogni­tive Search, Q2 20191“1) report. He said the AI plat­form helps compa­nies become infor­­ma­­tion-driven by expan­ding the know­ledge of every employee. “Sine­qua achie­ves this,” Forres­ter said verba­tim, “by uneart­hing insights and connec­ting experts through its cogni­tive search tech­no­logy. Sine­qua combi­nes its proprie­tary Natu­ral Language Under­stan­ding (NLU) tech­no­logy with the latest open source machine lear­ning tech­no­logy. The vendor has exten­sive indus­try exper­tise and offers solu­ti­ons for life scien­ces, finan­cial services and manufacturing.”

1 Forres­ter Rese­arch, Inc, “The Forres­ter Wave™: Cogni­tive Search, Q2 2019,” by Mike Gual­tieri, with Sriv­i­dya Srid­ha­ran and Eliza­beth Hoberman.

About Sine­qua
Sine­qua is an inde­pen­dent soft­ware vendor that provi­des a cogni­tive search and analy­tics plat­form for Global 2000 compa­nies and govern­ment agen­cies. As a result, their employees receive actionable infor­ma­tion in their respec­tive work envi­ron­ments, gain new insights, make better decis­i­ons and increase their produc­ti­vity — the company beco­mes infor­­ma­­tion-driven. The Sine­qua plat­form was crea­ted through expe­ri­ence in projects for large orga­niza­ti­ons in complex envi­ron­ments with large and diverse data and content. It is fully inte­gra­ted and confi­gura­ble to meet current and future infor­ma­tion retrie­val requi­re­ments. Sine­qua deve­lops its exper­tise and busi­ness globally with a broad network of tech­no­logy and busi­ness partners.

About Jolt Capital
Jolt Capi­tal SAS is an inde­pen­dent private equity firm that invests in fast-growing, profi­ta­ble, globally focu­sed tech­no­logy compa­nies of Euro­pean origin with reve­nues between €10 and €100 million. Jolt Capi­tal has inves­ted in and cata­ly­zed seve­ral leading tech­no­logy compa­nies, inclu­ding Hepta­gon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nano­tech, Alpha Mos (EUR:ALM), Black­wood Seven, NIL Tech­no­logy and 4JET. The company is autho­ri­zed and regu­la­ted by the AMF.

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