The software publisher Saagie continues its development. The FrenchTech 120 startup has announced that it has closed a new €25 million round of financing. The young company’s ambition is to become the leader in DataOps within two years, by doubling its workforce and accelerating its international growth.

Saagie indicated that it has finalised a new fund raising of 25 million euros with Crédit Mutuel Innovation, and alongside NewAlpha Asset Management, Seventure Partners and AG2R LA MONDIALE. The historical investors Cap Horn, BNPP Développement and C. Entrepreneurs (managed by Cathay Innovation), are also participating in the transaction. This new round of financing will enable Saagie, which currently has 90 employees, to double its workforce within two years, strengthen its leadership in the field of DataOps, and accelerate its international deployment.

“In the field of data analysis and control, we want to create a French champion internationally. We have all the expertise and the ecosystem in France to achieve this and this lifting marks a key step in our development”, says Jérôme Trédan, CEO of Saagie.

In a context of digital transformation, data allows us to anticipate and facilitate decision making. Saagie, a software publisher, has created a solution that orchestrates the best big data technologies on the market to accelerate the implementation of data analysis projects by agilely managing the complete data lifecycle. This approach is called DataOps. It is about resolving the technological complexity of data projects and facilitating collaboration between the teams involved. Customers such as the French Ministry of the Armed Forces and Vallourec have been able to reduce the implementation time of these projects by a factor of three by putting data at the heart of the decision-making process.

Today, all the companies in the world meet this need and Saagie’s offer is available worldwide through the main public Clouds on the market (Amazon Web Services, Google Cloud Platform, Microsoft Azure and OVH Cloud). In a post-Covid-19 context, investors have also realised the importance of supporting a sovereign offer in terms of data analysis and artificial intelligence.

“Beyond Saagie’s technological lead, we are convinced that this fund raising will also provide greater data control and sovereignty for companies and public institutions,” explains Guillaume Dhee, Director of Investments at Crédit Mutuel Innovation. “As an evergreen investor, we are pleased to have maintained and strengthened our pre-crisis commitments,” he adds.

DataOps to speed up the production of data projects

DataOps is the new trend in Gartner’s Hype Analytics. Inherited from agile and DevOps practices, the approach aims at accelerating the production of analytical projects by controlling the complete life cycle of the data, from its extraction to its exposure to the end user.

“DataOps is nothing more and nothing less than a means of bringing together two worlds that do not always go hand in hand: innovation and control, data lab and information system. I created Saagie to respond to a real need within companies – that of making management between different technological platforms within the framework of a data project more fluid – in order to gain in productivity and serenity,” says Arnaud Muller, Founder & Executive Chairman of Saagie.

New investors to accelerate its development

Saagie intends to accelerate its deployment in the United States by developing its sales and marketing teams and establish itself as a leader in DataOps worldwide.

Jonathan Cohen Sabban, Managing Director at NewAlpha Asset Management was “impressed by the quality and expertise” of the Saagie team:

“We are convinced that their forward-thinking vision will enable them to create a new international champion.

“Saagie’s strong presence in many major French accounts shows the impact of this company in the digital transformation of our companies. Seventure Partners is delighted to join this incredibly promising adventure”, comments David Manjarres, Managing Partner & Director of Digital Technologies at Seventure Partners.

Finally, AG2R LA MONDIALE joins the Caisse d’Epargne, Matmut and BNPP in this new round of financing.

“Making better use of data is crucial in our digital transformation. This better use is based both on the rapid development of use cases and on the acceleration of industrialization. For this reason we support the development of Saagie through our investment fund ALM Innovation, dedicated to innovation and R&D”, says Emmanuelle Saudeau, member of the AG2R LA MONDIALE Group Management Committee in charge of the Digital and Client Department.

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).

Translated from DataOps : Saagie lève 25 millions d’euros et accélère sa croissance internationale