ChapsVision acquires Sinequa, secures USD $90m funding

ChapsVision has announced the acquisition of Sinequa, a company known for AI-powered enterprise search solutions and Retrieval-Augmented Generation (RAG), alongside securing a new funding round of USD $90 million (EUR €85 million).

The recent investment, led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital, is expected to propel ChapsVision's growth, solidify its global presence, and enhance its technology focus, particularly in artificial intelligence.

ChapsVision focuses on employing AI and sophisticated data processing capabilities to support businesses and public authorities in their digital transformation. It provides a software suite aimed at harnessing varied datasets for actionable insights and strategic decision-making. By doing so, it aims to deliver significant value to its customers.

Sinequa, acknowledged by Gartner and Forrester as a leading vendor in the markets of cognitive search and AI agents, offers services to high-profile clients such as Pfizer, AstraZeneca, Airbus, TotalEnergies, Alstom, and NASA. By using AI and natural language processing, Sinequa's platform makes data easily accessible and actionable.

Through this acquisition, ChapsVision will enhance its ArgonOS platform by integrating advanced search and data processing capabilities to support clients across sectors including manufacturing, life sciences, financial services, and aerospace and defence.

With ambitions for rapid international growth, particularly in Europe and North America, ChapsVision intends to use the recent funding round to accelerate these expansion efforts, as well as investments in research and development (R&D) and product enhancements.

Olivier Dellenbach, Founding CEO at ChapsVision, expressed enthusiasm about the acquisition, stating, "We are delighted to welcome Sinequa to ChapsVision. Alexandre Bilger and his teams have developed a unique generative AI-augmented research technology, lauded by analysts and used by the world's largest companies for the most demanding use cases. This technology is perfectly complementary to our ArgonOS platform and will allow us to market a unique offer in the massive processing of data."

"I would like to thank Jean Ferré, CEO of Sinequa, who successfully completed the company's sales process and facilitated the smooth process."

Alexandre Bilger, Chief Architect Officer at Sinequa, commented on the acquisition by adding, "Joining ChapsVision and becoming part of its strong growth represents a tremendous opportunity for Sinequa and our customers. Combining our expertise in AI and enterprise search with ChapsVision's broad data intelligence portfolio creates unparalleled opportunities for clients of both companies to tackle the most complex data challenges with confidence."

The acquisition funding comprises both contributions in kind and capital from ChapsVision's third financing round. Historical shareholders such as Tikehau Capital, Bpifrance, Qualium Investissement, GENEO Capital, and the new investor Jolt Capital, are backing this operation.