Cosmo Tech, a Lyon, France-based provider of decision management software solutions based on Augmented Intelligence, closed a $21m Series B financing round.
This round was led by Inven Capital with participation from Cemag Invest, and C. Entrepreneurs, and historical investors Aster, Sofimac Innovation, Credit Agricole Creation, Total Energy Ventures, and BNP Paribas Developpement.
The company intends to use the funds to invest in human capital, accelerate the go-to-market for its software solutions, and enhance its international growth through selected partners, with a strong focus on Europe.
Led by Hugues de Bantel, co-founder and CEO, and Michel Morvan, co-founder and Executive Chairman, Cosmo Tech provides an Augmented Intelligence platform delivering asset management and operations optimization solutions for critical infrastructure. Users include some of France’s largest companies, including RTE, Alstom, and Nexans.