Saagie, a big data platform for businesses, has raised €4.2 million from CapeHorn Invest, BNP Paribas Développement, Bouygues Development, Matmut group and NFactory. The funding will allow it to accelerate international growth and improve its product, namely through the further development of artificial intelligence technology.
Saggie was launched in 2013 in order to help businesses tap into big data. The company initially raised €850,000 in summer 2015. Previous investors in the startup include Thefamily, Kima Ventures, NCI and Végéo Capital.
The startup has also announced the hiring of a new Vice President of Marketing and Sales, Jerome Trédan, formerly of Microsoft. He will be responsible for restructuring the company's sales and marketing areas.
Saagie has signed on many big name clients to date including Vente-privee.com, for whom the startup has optimized its product recommendation engine, as well as Johnson&Johnson, Ferrero, Caisse d’Épargne Normandie, BudgetBox and Bouygues Énergies & Services. In the case of Bouygues, Saagie is working with the company to greatly improve the availability and maintenance of industrial equipment.
Read more (in French): Maddyness
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