AccelaD’s Toulouse residents raise 1.2 million euros to detect electronic faults

by bold-lichterman

  • AccelaD plans to expand in Europe in 2017.
  • The company also intends to expand into other branches, such as railways and industry.
  • To support its transformation, AccelaD plans to double its workforce.

The amount

The Toulouse start-up AccelaD, which publishes intelligent electronic design software, has completed a first round of funding of 1.2 million euros. IT-Translation and IRDInov took part in the operation. The company has also obtained loans from BNP Paribas and Bpifrance.

The market

Founded in 2015 by Yoann Meste, AccelaD has designed software for the automotive industry that digitizes the different stages in the design of electronic boards for on-board systems and automates low value-added tasks. The objective of the system is to reinforce the solidity of the product by detecting, upstream of the design of the product, possible failures which could occur during the life cycle of the product.

The software thus allows companies to test the quality of their product to avoid recalling all defective products once on the market.

The objectives of the Start-up

With this investment, AccelaD plans to expand in Europe in 2017. The company is primarily targeting Germany, where there are many automotive suppliers, such as Continental. In the longer term, the Toulouse start-up plans to launch in Asia and the United States.

After the automobile, it also intends to develop in other branches, such as railways and industry. To support its transformation, AccelaD plans to double its workforce (10 employees currently).

Founder: Yoann Meste

Launch: 2015

The head office : Toulouse

Activity: electronic design

Funding: 1.2 million euros in January 2017