Saagie raises £22.3m funding to expand tech offering

Funding | South East | Technology

Saagie, a European software provider, has today announced a £22.3m fundraising round with Crédit Mutuel Innovation, alongside NewAlpha Asset Management, Seventure Partners and AG2R LA MONDIALE. Historic investors Cap Horn, BNPP Développement and C.Entrepreneurs (managed by Cathay Innovation) also participated.

On the back of this funding the company aims to double its 90-strong team over the next two years, strengthen its leadership on the DataOps market, and accelerate international development.

“We aim to build a French champion in data analysis that can really compete internationally. France has the ecosystem and expertise that will enable us to make this happen and this latest round of fundraising represents a key milestone for our company,” stated Jérôme Trédan, CEO, Saagie.

In a context of widespread digital transformation, data enables businesses to anticipate and facilitate decision-making. Saagie is a software provider that orchestrates best-in-class data technologies to accelerate the deployment of analytics projects. The company promotes DataOps practices to manage the entire data lifecycle in an agile way, by reducing the technological complexity associated with data projects, and making multi-team collaboration easier. Through Saagie’s DataOps Orchestrator, customers like the French Ministry of Armed Forces and Vallourec were able to launch their projects three times more quickly by placing data at the heart of their decision-making processes.

Today, all businesses worldwide require quick and agile delivery of data projects. In this way, Saagie’s offer has been made available through the main public cloud providers – Amazon Web Services, Google Cloud Platform, Microsoft Azure and OVH Cloud – which means it can now be accessed and deployed globally.

“In addition to their technological edge, we are confident that this fundraising round will give Saagie the upper hand in terms of data control to address public sector customers,” stated Guillaume Dhee, Investment Director at Crédit Mutuel Innovation. “ As an evergreen investor, we are proud to have fulfilled our pre-COVID-19 commitments,” he added.

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