Sinequa raises $23 million to expand AI-powered search and analytics

Sinequa, a provider of AI-powered search and analytics software, has added a $23 million Series B funding round led by Jolt Capital and supported by Troismer BVBA, an existing investor.

With this new funding, Sinequa will invest in its AI-powered search and analytics platform that connects knowledge workers in some of the world’s largest organizations with the information, expertise and insights necessary to make information-driven decisions.

Citing IDC data, Sinequa said that by 2020 organizations that are able to analyze enterprise content and data assets to deliver actionable information and insights will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers.

“After investing years of research and development into building our world-class platform, Sinequa remains the only software company providing enterprise customers with the means to accelerate innovation, improve efficiency and agility. We do this by synthesizing all enterprise data, in all formats and all languages into accessible and useful information, securely and at scale,” said Alexandre Bilger, CEO at Sinequa. “This round of financing will allow us to quickly achieve our vision to power the information-driven economy.”

Fabrice de Salaberry, COO at Sinequa added, “Sinequa has recorded strong growth year over year culminating at 91 percent for 2018. With these additional resources, we will continue to innovate and focus on ways to better serve our customers while broadening our market footprint and expanding our partner ecosystem. The entire organization is excited to enter this new phase of accelerated growth.”

For more information, visit www.sinequa.com.