ChapsVision, a French startup focused on AI-enriched data processing solutions, has announced the acquisition of Sinequa, a Paris-based startup in AI-powered enterprise search and Retrieval-Augmented Generation (RAG).
“We are delighted to welcome Sinequa to ChapsVision,” says Olivier Dellenbach, Founding CEO at ChapsVision. “Alexandre Bilger and his teams have developed a unique generative AI-augmented research technology, lauded by analysts and used by the world’s largest companies for the most demanding use cases. This technology is perfectly complementary to our ArgonOS platform and will allow us to market a unique offer in the massive processing of data. I would like to thank Jean Ferré, CEO of Sinequa, who successfully completed the company’s sales process and facilitated the smooth process.”
This move was bolstered by a third round of €85.5 million led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital. The dual initiative reinforces ChapsVision’s global growth ambitions while enhancing its technological capabilities.
Founded in 2019, ChapsVision is known for its advanced software suite, which empowers businesses and public institutions to leverage diverse datasets for actionable insights and strategic decision-making. Its flagship platform, ArgonOS, supports digital transformation in industries such as manufacturing, life sciences, aerospace, and defence. The acquisition of Sinequa will further enrich ArgonOS by integrating Sinequa’s expertise in cognitive search and AI-driven natural language processing.
Alexandre Bilger, Chief Architect Officer at Sinequa, added: “Joining ChapsVision and becoming part of its strong growth represents a tremendous opportunity for Sinequa and our customers. Combining our expertise in AI and enterprise search with ChapsVision’s broad data intelligence portfolio creates unparalleled opportunities for clients of both companies to tackle the most complex data challenges with confidence.”
ChapsVision employs nearly 1,000 people and serves over 1,000 clients globally. The company projects a turnover exceeding €200 million in 2024.
Read the orginal article: https://www.eu-startups.com/2024/11/paris-based-chapsvision-acquires-sinequa-and-secures-e85-million-to-expand-ai-capabilities/
