French fintech SESAMm raises $9 million
Paris-based SESAMm, the provider of analytics and artificial intelligence solutions for investment professionals and enterprises, has raised $9 million in a Series B funding round. The round was led by the Fintech VC fund of NewAlpha Asset Management and global investment firm The Carlyle Group.
Founded in 2014 by Florian Aubry, Pierre Rinaldi, Sylvain Forté, SESAMm is an innovative company specializing in big data and artificial intelligence for investment. Its team builds analytics and investment signals by analyzing billions of web articles and messages using natural language processing and machine learning.
The raised money will accelerate SESAMm’s global growth, allowing it to acquire talent and expand operations in Europe, Asia, and North America. Also, the company wants to use the funds to develop AI-enabled research tools and dashboards for corporate customers, as well as continuing R&D investment in its Machine Learning and Natural Language Processing tools.