{"id":42887,"date":"2019-07-10T17:05:01","date_gmt":"2019-07-10T15:05:01","guid":{"rendered":"https:\/\/newserver.fyb.de\/sinequa-receives-23-million-in-series-b-financing-round\/"},"modified":"2019-07-10T17:05:01","modified_gmt":"2019-07-10T15:05:01","slug":"sinequa-receives-23-million-in-series-b-financing-round","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/sinequa-receives-23-million-in-series-b-financing-round\/","title":{"rendered":"Sinequa Receives $23 Million in Series B Financing Round"},"content":{"rendered":"<p>Frank\u00adfurt am Main \u2014 Paris \u2014 <strong>Sine\u00adqua<\/strong>, a specia\u00adlist in cogni\u00adtive search and AI-based search and analy\u00adtics, has successfully closed a<strong> $23 million<\/strong> Series B finan\u00adcing led by <strong>Jolt Capi\u00adtal<\/strong> and supported by exis\u00adting inves\u00adtor <strong>Trois\u00admer BVBA<\/strong>. Sine\u00adqua will invest the addi\u00adtio\u00adnal funds in rese\u00adarch and further expan\u00adsion of its AI-powered search and analy\u00adtics plat\u00adform to include inno\u00adva\u00adtive arti\u00adfi\u00adcial intel\u00adli\u00adgence capa\u00adbi\u00adli\u00adties. For its rese\u00adarch-based inno\u00adva\u00adtive tech\u00adno\u00adlogy, Sine\u00adqua has been ranked as a leader in the field of Cogni\u00adtive Search by inde\u00adpen\u00addent consul\u00adting insti\u00adtu\u00adtes seve\u00adral&nbsp;times.<\/p>\n<p>Some of the worl\u00add\u2019s largest compa\u00adnies are alre\u00adady using the Sine\u00adqua plat\u00adform to tap into very large volu\u00admes of data, analyze it, and provide their employees with contex\u00adtual infor\u00adma\u00adtion deri\u00adved from it. As a result, they gain new insights, make better decis\u00adi\u00adons and increase their produc\u00adti\u00advity. Accor\u00adding to IDC, orga\u00adniza\u00adti\u00adons that are able to analyze enter\u00adprise content and data assets to deli\u00adver actionable infor\u00adma\u00adtion and insights will realize an addi\u00adtio\u00adnal $430 billion in produc\u00adti\u00advity bene\u00adfits over less analy\u00adti\u00adcally orien\u00adted orga\u00adniza\u00adti\u00adons by&nbsp;2020.<\/p>\n<p>\u201cAfter years of rese\u00adarch and deve\u00adlo\u00adp\u00adment to build our plat\u00adform, we are proba\u00adbly the only soft\u00adware vendor to offer compa\u00adnies the ability to acce\u00adle\u00adrate inno\u00adva\u00adtion, improve effi\u00adci\u00adency and agility on a global scale and on an unpre\u00adce\u00adden\u00adted scale. We do this by secu\u00adrely aggre\u00adga\u00adting all enter\u00adprise data in all formats and languages into acces\u00adsi\u00adble and useful infor\u00adma\u00adtion \u2014 even with very large data volu\u00admes,\u201d explains Alex\u00adandre Bilger, CEO of Sine\u00adqua. \u201cThis latest round of funding will enable us to more quickly realize our vision of the infor\u00adma\u00adtion-driven economy.\u201d<\/p>\n<p><strong>Fabrice de Sala\u00adberry, COO of Sine\u00adqua<\/strong>: \u201cSine\u00adqua has been expe\u00adri\u00aden\u00adcing strong reve\u00adnue growth for years, reaching 91% last year. With the addi\u00adtio\u00adnal resour\u00adces, we are able to drive inno\u00adva\u00adtion in our products, provide even better value to our custo\u00admers, expand our market presence and part\u00adner ecosys\u00adtem quickly and with&nbsp;vigor.\u201d<\/p>\n<p>\u201cAs a private equity tech inves\u00adtor in Europe, we support inno\u00adva\u00adtive tech\u00adno\u00adlogy compa\u00adnies with outstan\u00adding finan\u00adcial perfor\u00admance like Sine\u00adqua,\u201d said Jean Schmitt, Mana\u00adging Part\u00adner at Jolt Capi\u00adtal. \u201cSine\u00adqua offers a compre\u00adhen\u00adsive and robust AI-based search plat\u00adform built on state-of-the-art natu\u00adral language proces\u00adsing and machine lear\u00adning tech\u00adno\u00adlo\u00adgies that enable large enter\u00adpri\u00adses to extract value from data. Given this strong appeal in the market, we are exci\u00adted to part\u00adner with Sine\u00adqua and support the next phase of its global expansion.\u201d<\/p>\n<p>Just recently, Forres\u00adter Rese\u00adarch confirmed Sine\u00adqua\u2019s ability to expand employee intel\u00adli\u00adgence at scale in its \u201cForres\u00adter Wave\u2122: Cogni\u00adtive Search, Q2 20191\u201c1) report. He said the AI plat\u00adform helps compa\u00adnies become infor\u00adma\u00adtion-driven by expan\u00adding the know\u00adledge of every employee. \u201cSine\u00adqua achie\u00adves this,\u201d Forres\u00adter said verba\u00adtim, \u201cby uneart\u00adhing insights and connec\u00adting experts through its cogni\u00adtive search tech\u00adno\u00adlogy. Sine\u00adqua combi\u00adnes its proprie\u00adtary Natu\u00adral Language Under\u00adstan\u00adding (NLU) tech\u00adno\u00adlogy with the latest open source machine lear\u00adning tech\u00adno\u00adlogy. The vendor has exten\u00adsive indus\u00adtry exper\u00adtise and offers solu\u00adti\u00adons for life scien\u00adces, finan\u00adcial services and manufacturing.\u201d<\/p>\n<p>1 Forres\u00adter Rese\u00adarch, Inc, \u201cThe Forres\u00adter Wave\u2122: Cogni\u00adtive Search, Q2 2019,\u201d by Mike Gual\u00adtieri, with Sriv\u00adi\u00addya Srid\u00adha\u00adran and Eliza\u00adbeth Hoberman.<\/p>\n<p>About Sine\u00adqua<br>\nSine\u00adqua is an inde\u00adpen\u00addent soft\u00adware vendor that provi\u00addes a cogni\u00adtive search and analy\u00adtics plat\u00adform for Global 2000 compa\u00adnies and govern\u00adment agen\u00adcies. As a result, their employees receive actionable infor\u00adma\u00adtion in their respec\u00adtive work envi\u00adron\u00adments, gain new insights, make better decis\u00adi\u00adons and increase their produc\u00adti\u00advity \u2014 the company beco\u00admes infor\u00adma\u00adtion-driven. The Sine\u00adqua plat\u00adform was crea\u00adted through expe\u00adri\u00adence in projects for large orga\u00adniza\u00adti\u00adons in complex envi\u00adron\u00adments with large and diverse data and content. It is fully inte\u00adgra\u00adted and confi\u00adgura\u00adble to meet current and future infor\u00adma\u00adtion retrie\u00adval requi\u00adre\u00adments. Sine\u00adqua deve\u00adlops its exper\u00adtise and busi\u00adness globally with a broad network of tech\u00adno\u00adlogy and busi\u00adness partners.<\/p>\n<p>About Jolt Capital<br>\nJolt Capi\u00adtal SAS is an inde\u00adpen\u00addent private equity firm that invests in fast-growing, profi\u00adta\u00adble, globally focu\u00adsed tech\u00adno\u00adlogy compa\u00adnies of Euro\u00adpean origin with reve\u00adnues between \u20ac10 and \u20ac100 million. Jolt Capi\u00adtal has inves\u00adted in and cata\u00adly\u00adzed seve\u00adral leading tech\u00adno\u00adlogy compa\u00adnies, inclu\u00adding Hepta\u00adgon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nano\u00adtech, Alpha Mos (EUR:ALM), Black\u00adwood Seven, NIL Tech\u00adno\u00adlogy and 4JET. The company is autho\u00adri\u00adzed and regu\u00adla\u00adted by the AMF. www.jolt-capital.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frank\u00adfurt am Main \u2014 Paris \u2014 Sine\u00adqua, a specia\u00adlist in cogni\u00adtive search and AI-based search and analy\u00adtics, has successfully closed a $23 million Series B finan\u00adcing led by Jolt Capi\u00adtal and supported by exis\u00adting inves\u00adtor Trois\u00admer BVBA. Sine\u00adqua will invest the addi\u00adtio\u00adnal funds in rese\u00adarch and further expan\u00adsion of its AI-powered search and analy\u00adtics platform&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-private-equity-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sinequa Receives $23 Million in Series B Financing Round - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/sinequa-receives-23-million-in-series-b-financing-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinequa Receives $23 Million in Series B Financing Round - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Frank\u00adfurt am Main \u2014 Paris \u2014 Sine\u00adqua, a specia\u00adlist in cogni\u00adtive search and AI-based search and analy\u00adtics, has successfully closed a $23 million Series B finan\u00adcing led by Jolt Capi\u00adtal and supported by exis\u00adting inves\u00adtor Trois\u00admer BVBA. 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