ForePaaS, a Paris, France-based provider of a multi-cloud and automated platform as a service to scale fast and secure data analytics applications, raised $10M in Series A funding.
Backers included Elaia Partners, Hi Inov and Calao Finance.
The company intends to use the funds to accelerate its activities in Europe and the USA, and strengthen its investments in R&D by doubling the number of employees, increasing the workforce to 80 people by the end of 2018.
Founded by Paul Sinaï, Vincent Michel and François Vaillant, ForePaaS provides a SaaS based multi-cloud and automated platform to scale data analytics applications by maintaining control over the intelligence resulting from the analysis and processing of their data.
Designed for use by business teams, the platform integrates and automates data management operations and application management. Services can initially be deployed quickly and then optimized step by step by integrating feedback about appropriation, data coherence and availability, local particularities, spikes in activity, etc.
Customers include Total, Saint-Gobain Group and Cinémas Gaumont Pathé.