The SESAMm founding team, surrounded by its investors and associates during this fundraising event.
SESAMm, a French leader in Big Data and Artificial Intelligence solutions applied to asset management, just closed a €4.4 million funding round. With a total of €8 million euros raised since its launch, SESAMm’s objective is to pursue its expansion into the U.S market – with its new offices – and in Japan.
SESAMm helps its clients integrate web data and data science technologies into their investment strategies.
In less than a year, SESAMm provided its services to Nikko Global Wrap, Candriam, La Française Investment Solutions and multiple international investment firms. The company also signed new contracts with leading players such as Groupama Asset Management, Raiffeisen Bank International, and Nomura, Japan’s leading investment bank.
“SESAMm’s team carries out rigorous work using its Natural Language Processing technologies and is attentive to Groupama Asset Management’s specific needs” says Gaëlle MALLÉJAC, Investment Director, Active Management, of Groupama Asset Management. “The results are promising and allow us to anticipate a wide range of applications for these new technologies”.
The company has been strongly supported by a dedicated network of thematic partners. “Since its launch, SESAMm has already earned a very good track record and is well engaged to become one of our champions” says Alain CLOT, President & Founder of France Fintech.
“Finance Innovation is proud to follow and support SESAMm in its growth since we awarded it with our label in 2016” explains Vincent LAPADU-HARGUES, Head of Asset Management Activities and Support to R&D Projects of Finance Innovation.
In order to better respond to asset manager’s needs, the company is now developing a Framework which is already used by some of its clients. This modular and ready-to-use machine learning pipeline was specifically conceived to automate, simplify and accelerate investment signals creation from what is called “alternative data”, specifically using Natural Language Processing and Machine Learning.
With the opening of its offices in New York, SESAMm can now not only increases its brand recognition in the USA but also have a better access to new markets. “Our offices allow us to reinforce our position in the United-States and increase our proximity with our American clients” says Sylvain FORTE, co-founder & CEO of SESAMm.
This fundraising is perfectly aligned with the acceleration of SESAMm’s development. “We believe SESAMm has all of the ingredients for a successful future: a clear strategy, strong team, rich technology and an innovative business idea that sets it apart from the others“ mentions Havenrock, lead investor in this round of financing.
SESAMm is also accompanied in this round by Caisse d’Epargne Grand-Est Europe who also takes part in this operation. The other investors are AngelSquare Fintech, A-Venture and Business Angels, including some from the United-States. SESAMm is also supported by ILP Group (Institut Lorrain de Participation) and BPI (Banque Publique d’Investissement).
“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. The opening of offices in Japan and London, two high-potential markets, are our next objectives”, concludes Sylvain FORTE.
About SESAMm:
SESAMm is a company specialized in the creation of innovative analytics for asset management. It analyzes millions of messages, articles and posts in real time from more than 250,000 data sources. Its team consists of more than 30 people (Paris, Metz, Luxembourg, New York) and major clients from all over the world trust it (asset managers and major hedge funds in the US, UK, Japan, France…). Its key technologies are Natural language Processing, Big Data, Machine Learning and Quantitative Analysis.
About Havenrock:
Havenrock is an investment company based in Paris and Los Angeles. Relying on its strong global presence, Havenrock is actively involved in the international expansion of its portfolio companies while offering strong operational and strategic support.