Jolt Capital, the leading Paris-based pan-European private equity firm specialized in deeptech investing, announces the sale of its stakes in AI-powered enterprise search specialist Sinequa to ChapsVision, the undisputed French leader in sovereign data processing.
5 years after leading a €20M funding round in Sinequa, Jolt Capital is pleased to announce that the company has been acquired by ChapsVision. Thanks to its operating system ArgonOS dedicated to large volumes of unstructured data, and its strategic investments in AI and OSINT capabilities, ChapsVision has turned into an essential provider of AI-based data processing solutions for companies and government services.
ChapsVision has been acquiring cutting-edge software companies at a steady pace in recent years, and Sinequa’s deal perfectly fits into that strategic growth scheme. Sinequa brings very synergetic assets to ChapsVision, both in terms of RAG and AI technologies for the horizontal ArgonOS platform, and an additional foray into business lines in manufacturing and pharmaceutical industries.
With the advent of AI-augmented, RAG-ready data approaches, Sinequa has become a recognized global leader in neural search engines. Gathering as much insight as possible from colossal volumes of unstructured records, and offering sovereign data management to intelligence services have become paramount.
This new portfolio exit to a strategic player perfectly illustrates Jolt Capital’s investment thesis and operational playbook about the best ways to build up and consolidate global deeptech champions in Europe.
“Over the past 5 years, Sinequa has confirmed its position as a global technology leader, won many very large accounts including in the USA, and has initiated the verticalization of its offer, with a particular focus on manufacturing, pharmaceutical and finance. Now part of ChapsVision, Sinequa’s offer will be able to deploy wider and deeper in those industries. We are delighted to have helped Sinequa grow during this period, and thrilled by this deal with ChapsVision that will certainly reinforce and scale further this superb journey in French territory.” comments Antoine Trannoy, Managing Partner at Jolt Capital.
“Joining ChapsVision and contributing to its strong growth represents an amazing opportunity for our team at Sinequa and for myself. We are delighted to offer ChapsVision’s clients our neural search solutions and to help them take up their challenges in terms of complex data management. With its firepower, ChapsVision will allow us to reinforce our investments to continue improve our quality of service and our product, and to scale further our international development.” added Alexandre Bilger, President of the Board of Sinequa.
Read the orginal article: https://ffnews.com/newsarticle/funding/jolt-capital-portfolio-company-sinequa-acquired-by-chapsvision/
