DEAL: Vekia raises € 12 million
Vekia, a key player in machine learning in the Supply Chain market and an expert in forecasting demand and supply management, raises € 12 million to accelerate its international expansion in the United Kingdom, the United States and China, as well as to boost its technological progress.
Leading this round have been Serena Capital and Bpifrance, as they join the company's previous investors: Pléiade Venture, CapHorn Invest and Zenium Technology Partners (ZTP), also participating in additional financing.
This fundraising follows an initial investment of € 2.4 million in 2015. "Vekia is entering a crucial phase of its development in France, Europe and internationally. We are recognized as a leader in AI and an expert in forecasting demand and supply management. Today, this success and this acknowledgement allows us to complete a record fundraiser that shows the dynamism of the French technology industry. This new round will help us to realize our founding aim of offering next-generation Supply Chain solutions. This new capital will also give us the means to expand Vekia to Britain, the United States and Asia, while continuing to innovate to be as disruptive as possible," Vekia President & Founder, Manuel Davy, and CEO, Dominique Rérat.
EXPEN is advisor to the transaction.