Avolta acted as the sole financial advisor to Deepomatic on its €10m Series B round. This round of financing involved EnBW and Orbia Ventures as new investors and Hi-Inov, Swisscom Ventures and Alven as historical investors who continue to support the company.
Deepomatic is a visual automation platform that enables field operation companies to turn workers’ smartphone camera footage into actionable insights. Its intuitive SaaS platform assists field service workers thanks to the automatic detection of any key aspect on the field. The company has processed millions of operations in the past 12 months for its large account clients in the telco and utilities verticals. Thanks to its unique technology, it has been demonstrated that the solution delivers over 50x ROI to its clients.
This Series B will mainly enable the company to consolidate its sales strategy and pursue its growth trajectory. This fundraising will provide Deepomatic with the resources to boost its track record in telco and target new verticals within field operations such as utilities, hospitality and insurance. Also, the focus of this fundraising is to fuel its traction abroad, which has already been kickstarted in the past months.
This transaction is a further testament to Avolta’s expertise in AI/data, with major deals completed over the past few years, having previously advised Opendatasoft, Unseelabs, Lumi THD, Recast.ai, Golem.ai, Qarnot Computing, etc.
ReachFive provides a Customer Identity and Access Management platform (CIAM) that allows companies to simplify their consumer authentication process and significantly improve their user experience with a secure & unified 360° customer identity.
Thanks to its Identity As A Service (“IDaaS”) solution, ReachFive can manage all types of client information directly from customer touchpoints, instead of passing through complex legacy systems unable to distribute unique profiles across an organisation.
Providing a unified customer identity is a key enabler for companies seeking digital transformation. Having spent years in research and development phase to deliver its modern CIAM solution, ReachFive now manages over 40 million customer connections from its platform. ReachFive is integrated at the core of the customer relationship system, generating higher customer lifetime value and boosting the performance of marketing, sales and customer service initiatives.
This capital injection confirms ReachFive’s momentum and follows a stellar year of growth, in which the company saw its recurring revenue more than triple. It will significantly accelerate ReachFive’s business in France and Europe, where ReachFive already connects companies to their customers in 55 countries.
IntuiLab is the creator of IntuiFace, the leading cross-platform software empowering anyone – of any skill set and in any business – to create, connect, deploy and measure touch-first digital signage without writing a line of code. Used by 1500 organizations in more than 85 countries and in fields as varied as retail, events, education, sales, government, and cultural institutions, IntuiFace accelerates the execution of interactive digitalization strategies for the physical place. IntuiLab is based in Toulouse and Chicago.
IntuiLab has announced the closing of $3.7m in Series A funding from IRDI SORIDEC Gestion, M Capital Partners (historical investor) and two business angels with the support of Bpifrance. With the assistance of this Series A funding orchestrated by the investment bank Avolta Partners, IntuiLab’s objective is to become the world leader in the segment of interactive digital signage. The company will expand its inbound marketing efforts and Web presence, the primary driver for IntuiFace sales-to-date, and will grow its business relationships with major customers (such as Microsoft, SAP, Colliers, Capgemini) and its partner agencies and integrators (such as FirstImpression, Zivelo, Popcomms, Accenture), particularly in the United Staes which already accounts for 50% of its business.
Recast.AI is the leading artificial intelligence bot platform. With more than 30,000 developers building more than 50,000 bots, Recast.AI offers a world class technology, an end-to-end bot platform as well as off-the-shelf customer support bots to lead the revolution of customer relations around the world. Recast.AI’s technology matches the requirements of conversational chatbots and allows high performance natural language processing that supports more than 20 languages.
This acquisition will enable SAP to accelerate the development of its machine learning capabilities, further strengthening its growing portfolio of intelligent software solutions aimed at using natural language to simplify complex business interactions.
Founded in 2013, Minuit has developed a groundbreaking patented laser technology called IVL™ lighting (stand for Immersive & Versatile Laser lighting) which grabbed rapidly the attention of all related sectors (concert, event, TV production, clubbing).
With a unique range of colour effects, soft light quality and various using modes, Minuit Une allows to create over 1000 mesmeric, geometric, graphic and lighting effects, with a 360 lighting system aperture and an interchangeable upper shape (Pyramide and Carre to date).
Minuit Une has raised €3m in equity and €2m in debt with both Fonds Ambition Numérique (Bpifrance) and Entrepreneur Venture to achieve its international objective of 90% sales abroad and its ambitious R&D program aiming visual signature and usability as a lighting equipment reference.