FRANCE – SESAMm, a Paris, France-based natural language processing (NLP) company serving global investment firms and corporations around the globe, raised €35M in Series B2 funding.
The round, which brought total funding raised to €50M, was led by Elaia and Opera Tech Ventures with participation from Unigestion, Raiffeisen Bank International’s (RBI) venture capital entity Elevator Ventures, AFG Partners, CEGEE Capital, and Carlyle (CG) and New Alpha Asset Management.The company intends to use the funds to further expand into U.S. and Asian markets, support technology development to generate AI-powered ESG and sentiment analytics, and hire talent across sustainability, technology, sales, and marketing.Co-founded in 2014 by CEO Sylvain Forté, COO Pierre Rinaldi, and CTO Florian Aubry, SESAMm is an artificial intelligence company that provides a platform analyzing documents in real-time to generate insights for controversy detection on investments, clients and suppliers, ESG and positive impact scores, private equity due diligence and sourcing, and sentiment analysis on financial assets.The company serves global investment firms such as top private equity firms, hedge funds, and other asset management companies, in addition to corporations of all sizes.01/03/2023
