Phacet funding news – Paris-based Phacet Secures €4 Million in Seed Round Funding

Additionally, 148 business angels from industries like software, finance, insurance, data, and retail have backed the French venture. Thibaud Elzière (Hexa), Damien Marc (JPB Système), Philippe Corrot (Mirakl), Florian Douetteau (Dataiku), Rodolphe Ardant (Spendesk), and Guillaume Moubèche (Lempire) are among the investors.

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The goal of Phacet is to enable AI to be adaptable, approachable, and revolutionary for improving corporate productivity. It assists companies in creating customized AI solutions that have the greatest possible impact and integrate easily into day-to-day operations.

The startup collaborates with customers to determine what applications are necessary to enhance business procedures. Following that, customers can sign up for an AI Bootcamp on Phacet's platform, where they can work with their team of AI developers and the client team to co-build AI applications. Businesses may be assured of a consistent experience, data connectivity, and cost control by utilizing a single central platform from a single provider.

Phacet has already demonstrated its efficacy with European businesses like Smartbox, whose operations have been completely altered by specialized AI apps for finance, customer support, e-commerce, and retail operations. Phacet wants to have all of its ready-to-use AI applications in e-commerce/retail, industry, finance, and services completed by 2025.

The creators of Phacet are well-known for their proficiency in AI, but they also have a great deal of platform development and management experience. "The support of our investors will allow us to advance our mission to build a bridge between the tangible needs of SMEs and the rapidly evolving AI models," stated Nicolas Marchais, the founder and CEO of Phacet. They will be able to go from wanting to integrate AI to actually implementing it across departments thanks to this.

Thibaud Elzière, Founder of startup studio Hexa and well-known investor, added: “Phacet is not only an AI company, the founding team with their experience in software also understood the importance of being a partner of companies by supporting them from A to Z in their transformation. Beyond the AI​​models, they help to identify priority impact areas and have created the ideal user interfaces for employees to use.”

The AI solutions from Phacet are made to augment human capabilities by automating monotonous jobs and freeing up staff members to concentrate on high-value work. Teams are assisted in incorporating AI into the core of current procedures, using a methodology that highlights the beneficial interaction between humans and machines.

About Phacet

Phacet assists businesses in creating customized AI applications that support their most important workflows. The way we handle crucial processes like Finance Cash Allocation and Catalog Management has been completely changed by Phacet. They have reduced the amount of physical labor hours in just two months, allowing their personnel to concentrate on more important work.