SESAMm targets US market after EUR 4.4m funding round
French company SESAMm is expanding its innovative asset management solutions into the US market after closing a €4.4 million funding round, reports Jane Connolly.
“Accelerate our business development”
The firm, which helps clients integrate web data and data science technologies into their investment strategies, has opened new offices in New York.
The lead investor Havenrock was joined in this round by Caisse d’Epargne Grand-Est Europe, AngelSquare Fintech, A-Venture and Business Angels, including some from the United States.
“With this new funding round, SESAMm now has the capacity to go even further; we will be able to grow our teams, further enhance our technologies and accelerate our business development,” says SESAMm co-founder and CEO, Sylvain Forte. “The opening of offices in Japan and London, two high-potential markets, are our next objectives.”
SESAMm’s big data and artificial intelligence (AI) solutions for asset management have attracted a number of high-profile clients in less than a year. The company has also signed new contracts with Groupama Asset Management, Raiffeisen Bank International and Nomura, one of Japan’s biggest investment banks.
The company has developed a modular, ready-to-use framework to better respond to asset managers’ needs by automating, simplifying and accelerating investment signals creation from “alternative data”, specifically using natural language processing (NLP) and machine learning (ML).
