Dessia Technologies, a startup specializing in developing a software platform to automate engineering processes through AI, announced a €3 million funding round. Led by Matterwave Ventures, Supernova Invest, and the Orano Venture Fund, this funding will enable Dessia to accelerate its international expansion and reinforce its technical and commercial teams.
Its Mission? Transform industrial engineering processes through AI. Major industry players such as Renault, Safran, Alstom, Boeing, Valeo, and Naval Group already rely on Dessia to enhance the efficiency of their engineering departments, underscoring its strong integration into the French industrial ecosystem.
Industrials face unprecedented challenges: shortened product-to-market timelines, eco-friendly designs, increased performance, all within cost constraints. Dessia addresses these challenges by offering engineering teams an AI-powered Generative Engineering software solution that shortens development time for new product generations.
As part of this fundraising, Dessia will provide Orano, an international player in nuclear materials, with innovative “generative design” solutions. This will allow engineers to develop and implement AI programs to automate the generation of multiple system architectures, thereby improving engineering study performance.
Among its clients, Renault Group uses the software platform to optimize the thermal and electrical architecture of its automotive platforms, shortening development cycles. OPmobility, meanwhile, leverages Dessia’s technology to automate the design of hydrogen storage systems.
This funding will support Dessia’s international expansion, with the sales and marketing teams expanding to forge new industrial partnerships across Europe, followed by other continents.
“This new fundraising is a decisive step for Dessia. It gives us the means to realize our ambition to become the global leader in engineering automation,” said Jean-Pierre Roux, CEO of Dessia.
Moreover, Dessia’s development capabilities will significantly increase to enhance the platform’s features. The company has initiated hiring efforts for backend, frontend developers, designers, and data scientists.
“We are convinced that Dessia’s engineering process automation technology will have a long-term impact far greater than the automation of financial and administrative processes with RPA tools, which are already widespread in large industrial groups,” added Robert Gallenberger, General Partner at Matterwave Ventures.
“At Supernova Invest, we support startups that bring breakthrough innovation to enhance their clients’ industrial performance. Dessia perfectly embodies this vision for industrial engineering teams, and we are proud to continue supporting its next phase of international growth,” commented François Breniaux, General Partner at Supernova Invest.
“We are delighted to support Dessia in developing innovative automation solutions for the engineering sector. Its advanced technology has already proven effective with large industrial companies, and we believe in its potential application in nuclear engineering. This first investment marks Orano Venture Fund’s ambition to support high-potential startups aligned with our investment thesis in advanced industrial technologies and the circular economy to meet decarbonization challenges,” added David Claverie, CFO of Orano Group.
Read the orginal article: https://www.eu-startups.com/2024/10/paris-based-dessia-raises-e3-million-to-automate-engineering-processes-through-ai/
