Funding

Mendo Funding News – Paris-based Mendo raises €3.5 million Funding to accelerate adoption of GenAI

Oct 17, 2024 | By Team SR

Mendo, a firm that specialises in teaching staff members on generative AI and software, said that it has raised €3.5 million in its second round of funding. After raising €700,000 in November 2023, this new round of funding will allow Mendo to start expanding internationally, especially in the UK, and provide its solutions to additional businesses and products.

SUMMARY

Mendo, a firm that specialises in teaching staff members on generative AI and software, said that it has raised €3.5 million in its second round of funding.
Mendo is a change management and adoption tool to make generative AI a reality within teams' daily lives and companies.

Read also - Moombix Funding News - Moombix Secures £1.9M to launch online music learning platform.

Leading the investment round was the UK-based fund Emerge Education, a pioneer in the field of education, with assistance from established investors Tomcat Ventures and well-known Business Angels like Claudio Erba, CEO of Docebo.

“We firmly believe that generative AI can only unlock its full potential if it is well understood and properly used by teams,” said Quentin Amaudry, co-founder and CEO of Mendo.

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We chose to partner with Mendo because their solution addresses a critical need: ensuring that the adoption of AI is not just a passing trend but a real long-term driver of transformation and productivity for businesses,” explained Jan Lynn-Marten, Founding Partner of Emerge.

The goal of Mendo is to guarantee a seamless and long-lasting integration of these technologies in a setting where many enterprises still find it difficult to employ generative AI. According to a McKinsey worldwide survey, 65% of businesses will frequently utilise generative AI in 2024—nearly twice as many as the year before.

Mendo sets itself up as a major force in the digital transformation of big businesses with its SaaS solution, which teaches staff members how to use software to its fullest potential. MendoGPT is an application created especially for the integration of generative AI with programs like Microsoft Copilot 365.

Mendo is a startup that perfectly embodies the ambition and speed of execution we seek at Tomcat Factory. Alexandre Pinon and Quentin Amaudry have successfully tackled the challenge of generative AI adoption in businesses, and this funding round is another step toward accelerating their growth.

About Mendo

Mendo is a change management and adoption tool to make generative AI a reality within teams' daily lives and companies. Mendo is an add-in designed to equip employees with the tools they need to excel in their jobs. It can create lessons and make learning easier.