In the race towards a net-zero world, all strategic industries, including nuclear, aeronautics, defense and energy are under pressure to produce more at lower cost and higher quality and to adapt to increasingly tough health and safety regulations.
Field operations in these industries – which include maintenance, setting up new production units, upgrading facilities to meet new safety or environmental standards, and decommissioning - are far from being fully digitalised, a transformation that is key to improving performance and safety. In the nuclear industry, for example, 70% of project time is spent on operational administration. While this is done according to tried and tested procedures, most of the validation is done on paper.
Enter Paris-based Siteflow, which enables them to simplify field operations with improved security and quality. The company has brought in €10 million from a Series A financing round to boost its operations.
The startup’s software solution, initially built for the French nuclear industry, allows for the complete digitalisation of all field operations across industries, based on procedures developed by process engineering departments. Equipped with tablet computers, operators are freed from paper files and can concentrate fully on the technical aspects of their work.
The funds will be invested in the development of new functionality to improve software quality and resilience and enhance collaboration and data sharing. The funds will also drive the company’s international expansion in Europe and the U.S.
Siteflow CEO and co-founder Louis Hauvette said: “The tool is designed for a wide range of activities, from maintenance to construction. It is highly flexible and configurable, which means it can be adapted for a wide range of industries.”
“Our goal is to support our customers in meeting their industrial challenges. We use a data-centric approach that is fully integrated into daily operational routines, to give an optimal user experience,” added Siteflow CTO and co-founder Samed Jalouali.
Marion Aubry, investment director in the digital venture team of Bpifrance added: “Siteflow's solution can be replicated across all complex and strategic industries. We are convinced that Siteflow has all the necessary attributes to become a leader in industry 4.0, thanks to its ability to answer rapidly evolving digitalisation needs.”