SESAMm, a Paris, France-based natural language processing (NLP), a field of artificial intelligence, announced that it closed a €35 million Series B2 funding to accelerate its ambitious growth and global expansion plans.
The round was co-led by Elaia and Opera Tech Ventures, with participation from Unigestion, Elevator Ventures, AFG Partners, CEGEE Capital, and historical backers, including Carlyle (CG) and New Alpha Asset Management. This latest round brings the total funding raised to €50 million.
This funding will enable SESAMm to further expand into U.S. and Asian markets, support technology development to generate AI-powered ESG and sentiment analytics, and hire key talent across sustainability, technology, sales, and marketing.
Sylvain Forté, CEO and Co-Founder of SESAMm, said, “We are happy and grateful to close this €35 million Series B2 round to continue our growth journey and expand to new international markets such as Singapore. Raising a significant amount during challenging market conditions highlights the relevancy of SESAMm's focus on two key trends: AI and sustainability. In turn, these tools enable organizations to make better decisions and fill the data gaps, particularly in ESG, on both public and private companies.”
Company: SESAMm SAS
Raised: €35.0M
Round: Series B2
Funding Month: March 2023
Lead Investors: Elaia and Opera Tech Ventures
Additional Investors: Unigestion, Elevator Ventures, AFG Partners, CEGEE Capital, Carlyle (CG), and New Alpha Asset Management
Company Website: https://www.sesamm.com/
Software Category: Financial Software
About the Company: SESAMm is a leading artificial intelligence company serving global investment firms and corporations around the globe. SESAMm analyzes more than 20 billion 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, sentiment analysis on financial assets, and more. The company empowers organizations to make timely decisions with insights into five million public and private companies in over 100 languages. SESAMm was founded in 2014 and is based in Metz, France.
Source: https://www.sesamm.com/blog/sesamm-secures-series-b2-funding