Funding

[Funding alert] Paris-based Rayon Secures €4 million in seed funding

Sep 27, 2023 | By Startup Rise EU

Paris-based Rayon receives €4 million in seed funding, which was co-led by Foundamental and Northzone, two current shareholders. The financing also included prior investor Seedcamp and angel investors, such as renowned architect Norman Foster (Foster + Partners).

Paris-based Rayon receives €4 million in seed funding, which was co-led by Foundamental and Northzone, two current shareholders. The financing also included prior investor Seedcamp and angel investors, such as renowned architect Norman Foster (Foster + Partners).

Read also - Hamburg-based Resourcify Secures €14 million Series A Round Funding

For those in the fields of architecture, engineering, and development, there is a collaborative design tool called Rayon.As the product formally exits beta today and developments its go-to-market plan, the money invested will be employed to grow the staff.

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Bastien Dolla, co-founder at Rayon, said: “The architecture, engineering and construction industries are extremely fragmented, with projects at risk from delays and setbacks because designers and stakeholders can’t connect and collaborate with one another easily. Rayon is solving this by making it seamless for project partners to work together in real-time in an accessible browser-based platform. We’ve already seen our first users get brilliant results and we’re excited that teams across the world can now begin using Rayon. The support from our new investors, Northzone, and our previous investors Foundamental and Seedcamp, will be critical to scaling our product into the leading collaborative design tool for the built world.”

About Rayon

Rayon was founded with the goal of improving the design procedure by making it more readily available and collaborative for teams and stakeholders. Rayon is a web-based tool that can be used from any place and operating system that allows teams to work on 2D floor plans in real-time, greatly speeding up and improving the process.

Read also - HR tech Startup Woba.io Secures €2.95M new Funding from PreSeed Ventures and Denmark’s export and investment fund, EIFO

Bastien Dolla, a former civil servant and entrepreneur, and Stanislas Chaillou, an architect and machine learning engineer, founded Rayon in 2021 with the objective of revolutionizing the AEC industries through collaborative design software. The majority of architectural design is now carried out in silos, with architects only able to share PDFs via emails or print floor plans for remarks.

Read also - Paris-based KYC Solution, Ondorse, Secures €3.8M in Seed Funding

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