🔥Hot Seed Deals: NcodiN, Hylé, Harvy, And More!
What: NcodiN is developing optical-based technology to dramatically speed communication between semiconductors, a method that should increase computing power for uses such as artificial intelligence.
Why: The company's nanolasers and nanodetectors will enable faster data transfer that should allow companies to scale up their supercomputing architectures.
Funding: €3.5 million
Who: Co-Founders are CEO Francesco Manegatti, CSO Fabrice Raineri, and CTO Bruno Garbin.
Investors: Elaia, Earlybird, and OVNI Capital
What's next: Founded in 2023, NcodiN has participated in the Agoranov incubator and three accelerator programs: 21st by CentraleSupélec, Wilco, and Intel Ignite). The company will use the new cash to build its team and expand R&D.
What: Hylé is developing a blockchain-based platform to improve security for scalability and privacy.
Why: The protocol enables companies to verify the identity and authenticity of something without revealing sensitive information.
Funding: €2.4 million
Who: Co-Founders are Sylve Chevet and Lancelot de Ferrière le Vayer
Investors: Heartcore Capital, Frst, Nicolas Bacca, Fabric Ventures, StarkWare Industries, Framework Ventures, Robin Davids, Cherry Crypto, Batuhan Dasgin, Uma Roy, and Richard Yuen.
What's next: The startup will use the funding to launch its first version and recruit additional backend experts and protocol engineers.
What: Harvy is a decentralized delivery application that helps agricultural producers organize their shipping and distribution to customers such as restaurants.
Why: Producers can eliminate the need for third-party intermediaries whose fees can make it hard to earn a profit on agricultural products. By creating a shared system controlled by farmers, the application should allow them to reach new customers and improve their bottom line.
Funding: €1 million
Who: Co-Founders are Louis Debusschere and James Terrien, who met via the Antler program in Paris.
Investors: Antler, Cedar, Getplace, Tivoli Capital, FBFC Family Office
What's next: The funding will be used to develop new features for the online platform and expand the team.
What: Araïko (formerly Cynapps) helps small and medium-sized businesses deploy AI and data solutions.
Why: Many sectors, particularly industrial and agricultural, struggle with digital transformation.
Funding: €3 million
Who: Co-Founders are CTO Colin Bernet and CEO Fayçal Rezgui
Investors: OKTEO
What's next: The company will use the money to grow its team from 10 to 24 and expand into new verticals.
What: Kotzilla has developed a suite of software architecture tools to simplify the management of the mobile app lifecycle.
Why: As the use of mobile apps continues to explode, companies must deliver a positive and reliable mobile experience to remain competitive. Kotzilla's services help optimize mobile app performance while eliminating much of the complexity around production, deployment, and management.
Funding: $2 million
Who: Co-Founders are Arnaud Giuliani and Michaël Montoya
Investors: Serena, Evolem, and Business Angels
What's next: Kotzilla will use the funding to develop new platform features and expand its enterprise offerings.