The French startup aims to become the leader in DataOps by accelerating international development and doubling staff over the next two years NewAlpha is a shareholder of Saagie via its VC fund dedicated to Fintechs.
Saagie, the French software provider, today announces raising $28 million with Crédit Mutuel Innovation, alongside NewAlpha Asset Management, Seventure Partners and AG2R LA MONDIALE. Historic investors CapHorn, BNPP Développement and C.Entrepreneurs (by Cathay Innovation) also participated in the new fundraising round. The software provider will use this funding to double its 90-strong team over the next two years, strengthen its leadership on the DataOps market, and accelerate its international development.
“We aim to build a French data analysis champion that can really compete internationally. France has the ecosystem and expertise that will enable us to make this happen and this fundraising is a key milestone for our company,” stated Jérôme Trédan, CEO, Saagie.
Saagie is a software provider that orchestrates best-in-class data technologies to accelerate the deployment of analytics projects. The company promotes DataOps practices to manage the entire data lifecycle in an agile way by reducing the technological complexity associated with data projects, and making multi-team collaboration easier. Through Saagie’s DataOps Orchestrator, customers like the French Ministry of Armed Forces and Vallourec have launched their projects three times more quickly by placing data at the heart of their decision-making processes. Saagie has also made its offer available through the main public cloud providers - Amazon Web Services, Google Cloud Platform, Microsoft Azure and OVH Cloud - which means it can now be accessed and deployed globally.
“In addition to their technological edge, we are confident that this fundraising round will give Saagie the upper hand in terms of data control to address the French public sector,“ stated Guillaume Dhee, Investment Director at Crédit Mutuel Innovation. “As an evergreen investor, we are proud to have fulfilled our pre-Covid-19 commitments,” he added.
DataOps to accelerate data project deployment
DataOps is Gartner’s new ‘Hype Analytics’ trend. Based on DevOps and Agile practices, the approach aims to accelerate the deployment of analytics projects by managing the entire data lifecycle, from extraction to data visualization by final users.
“DataOps is the missing link between innovation and control, data labs and IT. I founded Saagie to cater for a real need within businesses today – to manage different technology platforms within a single data project more easily with a view to significantly increasing productivity,” comments Arnaud Muller, Founder and Executive Chairman of Saagie.
New investors to accelerate international development
Saagie plans to expand its presence in the United States by recruiting sales and marketing experts and to establish its DataOps leadership worldwide.
Jonathan Cohen Sabban, Managing Director at New Alpha Asset Management, was “impressed by Saagie’s expertise. We are convinced that their avant-garde vision will enable them to create a new data champion.”
“The fact that Saagie works closely with many major companies such as Vallourec or Matmut attests to their importance in driving digital transformation within business. Seventure Partners is delighted to join this incredibly promising adventure,” comments David Manjarres, Managing Partner ICT and Chief of Digital Technologies department at Seventure Partners.
In addition, AG2R LA MONDIALE joined forces with Caisse d’Epargne, Matmut and BNPP for this fundraising round. “Being able to more efficiently use data is key to digital transformation, and this efficiency relies on the ability to rapidly develop and deploy data projects on an industrial scale. This is why we are supporting Saagie’s development through our investment fund ALM Innovation, dedicated to innovation and R&D projects,” stated Emmanuelle Saudeau, board member with AG2R LA MONDIALE Group in charge of Customer & Digital.
This new financing round was structured by Benjamin Cichostepski and Gisele Esteves Guedes for Orrick, Benoît Lespinasse for Duteil Avocats, Matthias Collot for Exponens, and with the support of Alpha Capital Partners (Marc Oiknine).