David Sainteff retweeted
Arrakis Technologies (@arrakistech) comes out of stealth with $38M in funding from leading investors including @blossomcap and @Accel.
Sovereign AI deployment in the physical economy is one of the most important missions anyone could work on. Western reshoring and economic prosperity rest in the balance.
That's why we're building Arrakis.
We are an AI deployment company that partners with ambitious enterprises to transform their operations into software. We encode operational know-how into agents that execute complex processes semi-autonomously and learn under human supervision.
Six months in, here's where we are:
1. Partnered with the most mission-driven team I could have asked for. My co-founders Haroun Beltaifa, @Romain_Fd and @MichaelGalkov, and a founding team from Palantir, Revolut, ElevenLabs, Datadog, DeliveryHero, ASML, KKR and Blackstone. We are now forward deployed at the edge across the US, Europe and APAC, encoding and redesigning industrial processes from first principles.
2. Signed NYSE-listed customers after our agents delivered significant P&L improvements through 60-90% cycle time compression at 99%+ accuracy on complex workflows. These companies now experience the future of self-driving industrial operations, where work no longer waits for constant input but moves forward proactively with humans overseeing every critical decision. In weeks, their most skeptical operators became our most vocal champions, and direct CEO referrals are now our main source of growth.
3. Raised $38M from @blossomcap, @Accel, @Global_Founders, @mainobjectvc, and leading angels including @oliviergodement, Head of Business Products @OpenAI, Junaid Hussain, founder @Cambridge_Aero, @oliveur, founder @datadoghq and more.
The future of industrial AI is Arrakis Technologies.
Orasio raises €16M seed round to create the first EU technology that transforms video streams into real-time, actionable insights - for cities, homeland security forces & critical infrastructures.
Glad to support them with @frst_vc & Expedition Fund
sifted.eu/articles/payfit-co…
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David Sainteff retweeted
1/ In just 5 years, @Pennylane_tech has built the dominant financial & accounting management software platform (core GL) in France. They are in a unique position to enable the accounting firms they serve, and in turn their end clients, to thrive in an AI-first world and modernize operations in the face of the vast eInvoicing reforms impacting so many European countries.
We still have a lot of work ahead, but we are proud that @Global_Founders stands as the only EU fund featured in YC’s "Most Unicorn Investments Made".
We will continue to support ambitious entrepreneurs globally.
Let's build 🇪🇺
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David Sainteff retweeted
I typically don’t post about my political views and prefer to focus on topics where I can add to the conversation, like technology and entrepreneurship. On this occasion, I feel compelled to share some of my thoughts on Germany.
Today, @Pennylane_tech becomes France’s latest unicorn!
Four years ago, I had the privilege of meeting Arthur, Felix, Tancrède, Quentin, Edouard, Alexandre and Thierry driven by a simple yet powerful vision: to craft the leading financial operating system in Europe.
Since then, they've forged a solution that caters to over 2,000 accounting firms and empowers more than 120,000 small and medium-sized enterprises.
A heartfelt congratulations to the entire team at Pennylane. It's been an honor to stand alongside you from the day of that 📸
Looking forward to the next four years with @sequoia (Luciana Lixandru & George), DST Global (Tom & Paul) and @PartechPartners (Romain & Alison)
lesechos.fr/start-up/deals/f…
cc @CharliePERREAU & @LesEchos
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Congrats @UpwayShop for being one of the hottest startups in France (and probably in Europe) 🇫🇷🇪🇺
cc @WIRED
wired.co.uk/article/hottest-…
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Congrats @romainlibeau Marc-Antoine Lacroix, Estelle Giuly and the entire team of pivotapp.ai for this round!
Glad to be part of it!
techcrunch.com/2023/10/01/pr…
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David Sainteff retweeted
We were thrilled to gather our community last week at @Pernod_Ricard's stunning Paris rooftop with @VivaTech as the backdrop. We heard diverse perspectives on the future of technology— from industry luminaries such as @StellaMcCartney, @Pharrell, @Oliveur, @destraynor and more.
We are excited that Europe is leading the way in many of these developments. One year into launching our ICONIQ Growth London office, we're thrilled about what lies ahead. Europe is truly an epicenter of creativity and innovation, and we can’t wait for the journey ahead!
Few months after their launch, @gladia_io is launching today their Audio Intelligence API.
Incredible quality (it’s practically error-free), speed (60s/1h of audio), and pricing ($0.00017/s) unlocked with a single API.
Congrats to @JiliJeanlouis, Jonathan Soto and the entire @gladia_io team for this milestone.
2 years after their launch and with over 35 000 cats and dogs insured, @Dalma_co is now live in Germany 🇩🇪
The ambition is to become the #1 Petcare App in Europe, providing pet parents with affordable, transparent and hassle-free insurance and giving them easy access to certified vets for tips, advices and peace of mind.
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Today, Primo announces its $3.4m seed round with @Global_Founders & @HeadlineVC
Congrats to @martinpannier, Nicolas Nallet, Antoine de Mereuil and the entire team for this achievement!
We are very excited at @Global_Founders to support Primo in their mission to build the first all-in-one IT platform for modern companies.
👉 If you want to be part of the journey, take a look at getprimo.com
Access is free for the first 1000 members
techcrunch.com/2023/04/19/pr…
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Today, @Ankorstore introduced their new membership programme, Ankorstore Plus - allowing to get access to free shipping, exclusive discounts during sales and 90-day payment terms.
Congrats to the team for this huge step 🙌🏼
youtu.be/spFH1t0JEBM
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After France, Belgium, Germany & the Netherlands, @UpwayShop is now live in the US 🇺🇸 allowing our American friends to order from a large selection of e-bikes.
A huge congratulations to @toussaintwtn and the entire team of this launch.
cc: @TechCrunch
techcrunch.com/2023/03/07/up…
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Congratulation to the #Next40 #Next120 2023 promotion @LaFrenchTech and especially to @Ankorstore @Pennylane_tech and @iziworkFR
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Congrats @Accel @IndexVentures @eurazeo @GoldmanSachs @SoftBank @insightpartners... and glad that GFC is "the seed-focused investor that’s backed the most unicorns (17) in Europe."
cc @amyrlewin
Which investor has backed the most European unicorns?
Podium places go to @Accel @IndexVentures & @SoftBank
More analysis here:
sifted.eu/articles/investor-…
When we invested in @UpwayShop TAM was probably the 1st question mark for most investors.
It's always difficult to bet on radical market shifts but transportation is probably entering a new era, especially in EU.
Go @UpwayShop & all innovators working to accelerate this change
David Sainteff retweeted
MAJOR ANNOUNCEMENT
Our 🎙 Audio Transcription API 🎙 is now live! Built on @OpenAI Whisper-Large-v2, 10s to transcribe a 1h file, and more accurate than everything else on the market 🔥
I’m so so proud of the team, and of the tech we created!!
Why?
Congratulations @KPMG_France and @Pennylane_tech for this great partnership! More to come in 2023
To discover the story behind @getDefacto with @CoralieChaufour @jordanegiuly Morgan O'Hana & Marc-Henri Gires 👇
hyperurl.co/defacto



















