Saagie, a Petit Quevilly, France-based provider of a smart big data processing platform, raised €5M in Series A+ funding.
– C.Entrepreneurs, the venture capital fund managed by Cathay Innovation,
– CapHorn Invest,
– BNP Paribas Développement, and
– the Matmut group.
The company intends to use the funds to continue to improve the product and expand its business reach internationally.
Founder in 2013 by CEO Arnaud Muller, Saagie leverages AI technologies to provide a SaaS and on premise platform enables users to speed up the development of business applications.
The platform, which provides pre-integrated open source blocks for collecting, analyzing and processing large enterprise data, is massivelyused in the Bank & Insurance industry.
The company, which also has offices Paris, France and San Francisco, CA, aims to open in NYC.