14 April 2016
TELLMEPLUS raises a 4.2 M€ Series A and Benoit Gourdon joins the company as CEO
PARIS, Feb. 8, 2016 -- TELLMEPLUS, a startup specializing in predictive and prescriptive software analysis, accelerated by Axeleo, has raised 4.2 M€ from Venture Capital firms Ventech, Runa, Soridec, Jeremie LR, Sferen Innovation, XAnge and private investors.
With this funding TELLMEPLUS, created in 2011 in Montpellier (France) by Jean-Michel Cambot, the inventor who first authored Business Objects (acquired by SAP for 6.8 Bn$ in 2007), is strengthening its top management with the arrival of Benoit Gourdon, co-founder of Neolane (a Venture-backed startup acquired in 2013 for 600 M$ by Adobe) as CEO.
Their objective is to continue developing disruptive solutions with embedded Artificial Intelligence to enable TELLMEPLUS to become a global player.
With an experienced team composed of senior engineers and data scientists, TELLMEPLUS has marketed its first software solutions dedicated to predictive and prescriptive analysis based on Artificial Intelligence applied to Big Data.
The TELLMEPLUS software solutions, the Predictive Objects, which are fully cloud-based, are able to predict the behavior of persons, objects, trends, risks and opportunities. Companies can then anticipate and implement appropriate action plans such as, for example, how to correlate weak signals to churn or ARPU. The client feedback is clear: an ability to predict 2 months in advance which user will leave and explain the sequence of events leading to the departure, with more than 90% accuracy. Moreover, they are easy to implement and take only a few days to integrate into existing corporate IT environments.
In 2016, TELLMEPLUS will be integrating its software solutions directly into Connected Objects enabling distributed intelligence for the Internet of Things (IoT). Objects can then become autonomous, even without network connectivity, foreseeing the challenges of tomorrow: prescriptive maintenance, predictive quality control, intelligent energy management, resilience, smart transportation, smart homes, smart cities, and more.
In the buoyant Artificial Intelligence sector, TELLMEPLUS’ technology aspires to be among the market’s “Tech Champions”. Along with this funding round, Benoit Gourdon, co-founder of Neolane joins TELLMEPLUS as CEO and Chairman of the Board. He declared: “TELLMEPLUS has developed a world class technology with a world-class engineering team. This funding round will enable us to accelerate its development and its internationalization”.
Alain Caffi, President of Ventech, lead investor in this venture, declared: “Under the leadership of Benoit Gourdon and Jean-Michel Cambot, the TELLMEPLUS team has developed a cutting edge technology in the predictive and prescriptive intelligence sector with applications for the Internet of Things. Ventech is very excited to work with the team to boost its international development”.
Jean-Michel Cambot, founder of TELLMEPLUS in 2011 who is continuing to fulfil his strategic and technological roles in the company as CIO and Deputy GM: “Machine to Machine, predictive maintenance, IoT, Automotive, Energy, Transports, Smart Cities, Healthcare… there is an immense playing field for Predictive Objects and we are ready for it!"
Dmitry Chikhachev, managing partner of Runa Capital." TellMePlus is a combination of innovative tech and great team. TellMePlus management and founder were involved in building two fantastic examples of European tech – Business Objects and Neolane. Now they have created an absolutely unique Artificial Intelligence platform. It is very lightweight in terms of hardware footprint, so we will see it widely used in IoT – meters, cameras, wearables, drones, etc. – making these devices smarter and more useful, – commented Dmitry Chikhachev, managing partner of Runa Capital. – And I want to say that at Runa Capital, we like to work with French startups – this is our third investment here and we really enjoy the culture of innovation and strong technical skills of French entrepreneurs".