Funding

[Funding alert] Paris-based Heex Technologies Secures €6 Million in Funding

Jan 20, 2024 | By Startup Rise EU

Paris-based Heex Technologies secures €6 million in funding from a pool of deeptech investors, including the Dutch fund SHIFT Invest and the French fund Karista.

Paris-based Heex Technologies secures €6 million in funding from a pool of deeptech investors, including the Dutch fund SHIFT Invest and the French fund Karista.

This second round of funding follows a first round of €3.2 million already led by Karista in 2022 through its spacetech fund Cosmicapital, bringing the company's total funding to nearly €10 million.

Read also - European Tech Community Upscalers Secures Pre-Seed Funding

Heex was founded in Paris in the spring of 2019 after the founders returned from Silicon Valley, where the boom of new technologies based on artificial intelligence has begun to show the limitations of Big Data.

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The startup has proved its value proposition by automating and optimizing the processing of only relevant data, thus accelerating technological development, and in parallel reducing their environmental impact. Heex Technologies initially focuses on autonomous vehicles, as the automotive industry is moving towards the Software-Defined Vehicle (SDV) model, inspired by Tesla.

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Now, with new investments in, Heex will expand to adjacent industries like Smart Cities, Industry 4.0; as more and more companies are expecting to integrate AI and autonomy to increase their productivity.

Bruno Mendes Da Silva, Co-founder and CEO of Heex Technologies said, “To continue to exploit the formidable potential of AI and automation, the goal is now to only extract the necessary data rather than accumulate it endlessly; development teams do not need more data, they need better datasets.”

Heex provides customers with a platform that allows them to target the relevant data and share that with the right users, for purposes like supervision, system monitoring or continuous software improvement. Customers need to configure specific events that determine the conditions for extracting the associated data.

Read also - London-based Recraft Raises €11 Million in Series A Round Funding

pursue Bruno Mendes Da Silva said, “In the example of autonomous vehicles, command centers might want to receive real-time notifications in case of a safety event like a near collision with a pedestrian. The platform allows them to just receive that snippet of data instead of constantly streaming all the incoming data. Simultaneously, the autonomous software provider receives other meaningful events data, like system performance issues.”

Heex technologies has raised a new €6 million round of funding, led by the venture capital firms SHIFT Invest and Karista and backed by a loan from BPI France. Among other investors is Techstars, which is reinvesting after the startup went through its Tel Aviv accelerator in 2021.

Read also - Cyprus-based PropTech Startup Movingdoors Raises over €1 Million in Seed Funding

Yvan-Michel Ehkirch, Managing Partner at Karista said: “Several market segments, such as transport, aerospace and energy, are already in the process of making better use of real- time data collected from space to earth, in a more sober and efficient way, to generate new revenue streams and provide new services. Heex and its Founders are already embracing the topic globally in France, Europe and the United States by launching an unprecedented technological solution”.

About Heex Technologies

To help engineering teams move from Big Data to Smart Data, Heex Technologies offers a data management platform. Businesses now need more accurate information than ever before, and while Big Data has already made significant advancements possible, most AI innovations are currently confronting a declining learning curve.

Read also - Warsaw Graphic Developer Startup Gotiva Raises €1.11 Million in Seed Funding

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