The startup Ryax Technologies raises 1.3 million euros for its solution for industrializing algorithms

by bold-lichterman

Ryax Technologies, a start-up specializing in the industrialization of algorithms, raised 1.3 million euros from IT-Translation Investissement, Crédit Agricole Alpes Développement (C2AD) and business angels. This fundraising is supplemented by financing from Bpifrance, Banque Populaire Rhône Alpes, BNP Paribas and Total Développement Rhône.

Launched in 2017 by three IT engineers, Andry Razafinjatovo, David Glesser and Yiannis Georgiou, Ryax Technologies offers to industrialize algorithms quickly and automatically via artificial intelligence. This allows its customers to process data streams in real time. The platform of the Lyon startup is mainly aimed at data scientists.

Many companies confirm the problem of industrialization of algorithms created by data scientists on increasingly complex infrastructures. The data engineer is becoming a rare skill and they need a structuring, efficient and non-invasive tool to ensure the sustainability and therefore the ROI of the services resulting from these algorithms. », Comments Andry Razafinjatovo.

This fundraising is in line with Ryax’s objectives to accelerate the marketing and industrialization of its solution.

Ryax Technologies: the key data

Creation: 2017

The head office: Lyon

Sector: computer science

Market: industrialization of algorithms


Funding: 1.3 million euros from IT-Translation Investissement, Crédit Agricole Alpes Développement (C2AD) and business angels. This fundraising is supplemented by financing from Bpifrance, Banque Populaire Rhône Alpes, BNP Paribas and Total Développement Rhône.