Paris, 9th July 2019 – Jolt Capital SAS, an independent Private Equity firm specialized in Growth Capital Technology Investing that is authorized & regulated by the AMF (Autorité des Marchés Financiers) has led a $23m investment in Sinequa – a recognized market leader in AI-powered Search and Analytics – in order to support its continued growth. Named several times as a technology leader by analysts from both Forrester and Gartner, Sinequa is an independent software company specializing in data analytics. Its Cognitive Search & Analytics platform offers unified access to all corporate data, whether structured or unstructured, (documents, PDFs, emails, blogs, videos, etc) connecting knowledge workers in some of the world’s largest organizations with the information, expertise and insights necessary to make information-driven decisions.
In combining its Natural Language Processing (NLU) technology with the latest advancements in machine learning, Sinequa has built a set of global industry leaders as clients, most notably in finance and pharma. Working with a broad network of partners, Sinequa’s impressive growth has been predominantly underpinned by a strong market demand for its offering, and this financing will enable it to accelerate its growth and increase market share, while continuing to invest strongly in R&D.
Jean Schmitt, Managing Partner of Jolt Capital commented, “Our mission, as a private equity technology investor in Europe, is to support technology leaders such as Sinequa, which is experiencing record growth. As the quantity of content & data scattered across organizations grows inexorably, businesses urgently need to leverage this hidden, diffuse, and untapped knowledge to highlight trends, reinforce learning, cross pollinate expertise, built new strategies, and remain fully compliant with regulations such as GDPR. Given the burgeoning potential of this market, Jolt is delighted to team up with Sinequa and support its next phase of global expansion.”
On the successful fundraising, Alexandre Bilger, CEO of Sinequa remarked, “Jolt Capital’s investment marks an important milestone for Sinequa, as does their confidence in our ability to deliver. Given their track record, knowledge of AI, and long-term vision for the Company, Jolt is the perfect partner to support our ambitious expansion. These funds will be used to further innovate and enrich our platform, while also to better serve our existing customers and expand our footprint. The whole team is highly motivated to enact our plans and scale the Company.”
- About Sinequa
Sinequa is an independent software vendor providing a cognitive search and analytics platform for Global 2000 companies and government agencies. Combining search with advanced Natural Language Processing (NLP), Machine Learning and Deep Learning algorithms, the solution extracts insight from both structured and unstructured data for users in their work context. Sinequa has been recognized as a leader in both the Gartner 2018 Magic Quadrant for Insight Engines and the Forrester Wave™: Cognitive Search & Knowledge Discovery Solutions Q2 2019. Sinequa develops its expertise and its business around the world with a broad network of technology and business partners. For more information, please visit www.sinequa.com.
- About Jolt Capital
Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven, NIL Technology and 4JET. The firm is authorized and regulated by the AMF. For more information, please visit: www.jolt-capital.com