After raising $4.5M back in November 2016, Impact’s ‘17 participant Saagie just announced a new $6M funding round led by legacy investors Cap Horn Invest, BNP Paribas Développement and Groupe Matmut. Two new funds, Cathay Innovation and Caisse d’Epargne Normandie joined the round. This newly acquired funding will enable them to accelerate their human, technological and international growth, as already started during Impact last year.
After participating in Impact, Arnaud Muller, CEO and Founder of Saagie, opened an office in San Francisco to kick start Saagie’s U.S. operations. This new funding will allow them to solidify their presence in the U.S. by opening an office in New York. Saagie also plans to expand their European footprint with the opening of two new subsidiaries in the UK and in Scandinavia.
This extended Series A forges the path for a more substantial Series B round expected in mid-2018 that is set to fuel Saagie’s international ambitions (and data lake revolution.)
Stay tuned !
Saagie aims to bridge the gap between traditional IT and data science teams.
They help large organisations to re-invent their business with agility by leveraging Big Data and Artificial Intelligence.
Saagie is the perfect toolbox that includes the latest open-source technologies: extract and refine data, build & run AI based applications, all in the most compliant and safe structure. As a fully managed platform, Saagie is massively used in the Bank & Insurance industry.
It helps to dramatically reduce implementation time for big data projects and relieves companies from costly and critical administration processes. As a result, they can focus on building solutions that really matter to their business, like churn reduction and fraud detection, in order to gain a competitive edge.
Please find the full press release below (written in French):