ForePaaS Raises $ 10 Million to Simplify Business Data Operation

by bold-lichterman

The amount

The start-up ForePaas, which publishes a platform aimed at accelerating and industrializing data projects in companies, has completed a funding round of $ 10 million with Elia Partners, Hi Inov and Calao Finance.

The market

Founded in 2015 by Paul Sinaï, Vincent Michel and François Vaillant, ForePaaS is developing a Data Engineering platform that allows companies to accelerate their data projects, by automating all data management and application management operations. In addition, companies retain control over the confidentiality and ownership of the results of projects designed on the platform to the extent that the hosting of the data is dissociated from that of artificial intelligence.

Thanks to this system, ForePaas enables business teams to gain in agility and produce projects that can be exploited more quickly (predictive analysis, artificial intelligence, etc.). Among its customers, the company notably counts Total, Saint-Gobain, SNCF and Havas. Cisco and OVH are also partners of the company.

The objectives of the Start-up

With this round of funding, ForePaas plans to increase its investments in R&D and accelerate its deployment in Europe and the United States. At the same time, the company will double its workforce to reach 80 employees by the end of 2018.

ForePaaS: the key data

Founders: Paul Sinaï, Vincent Michel and François Vaillant
Creation: 2015
The head office : Neuilly-sur-Seine
Activity: Data Engineering platform
Funding: $ 10 million in December 2017