Press release

Dessia boosts the R&D efficiency of major industrial groups through AI and Generative Engineering

With a €3 million fundraising round, Dessia accelerates its international expansion and strengthens its teams to become the leader in engineering process automation.
Posted by:
Jean-Pierre Roux
on
October 1, 2024

Paris, Tuesday, October 1, 2024 – Dessia Technologies, a startup specializing in developing a software platform to automate engineering processes through AI, announces a €3 million funding round. Led by Matterwave Ventures, Supernova Invest, and the Orano Venture Fund, this funding will enable Dessia to accelerate its international expansion and reinforce its technical and commercial teams.

Its Mission? Transform industrial engineering processes through AI. Major industry players such as Renault, Safran, Alstom, Boeing,Valeo, and Naval Group already rely on Dessia to enhance the efficiency of their engineering departments, underscoring its strong integration into the French industrial ecosystem.

Industrials face unprecedented challenges: shortened product-to-market timelines, eco-friendly designs, increased performance, all within cost constraints. Dessia addresses these challenges by offering engineering teams an AI-powered Generative Engineering software solution that shortens development time for new product generations.

As part of this fundraising, Dessia will provide Orano, an international player in nuclear materials, with innovative "generative design" solutions. This will allow engineers to develop and implement AI programs to automate the generation of multiple system architectures, thereby improving engineering study performance.

Among its clients, Renault Group uses the software platform to optimize the thermal and electrical architecture of its automotive platforms, shortening development cycles. OPmobility, meanwhile, leverages Dessia's technology to automate the design of hydrogen storage systems.

A strategic investment to support growth and innovation

This funding will support Dessia's international expansion, with the sales and marketing teams expanding to forge new industrial partnerships across Europe, followed by other continents. "This new fundraising is a decisive step for Dessia. It gives us the means to realize our ambition to become the global leader in engineering automation."        – Jean-Pierre Roux, CEO of Dessia.

Moreover, Dessia’s development capabilities will significantly increase to enhance the platform’s features. The company has initiated hiring efforts for backend, frontend developers, designers, and data scientists.

"With this funding, we will continue to develop our platform by integrating customizable agents based on proprietary AI. These agents are designed to mimic engineers’ working methods, providing valuable support in addressing the economic and environmental challenges facing engineering teams." – Pierre-Emmanuel Dumouchel, CSO and founder of Dessia.

"We are convinced that Dessia’s engineering process automation technology will have a long-term impact far greater than the automation of financial and administrative processes with RPA tools, which are already widespread in large industrial groups." Robert Gallenberger, General Partner at Matterwave Ventures.

"At Supernova Invest, we support startups that bring breakthrough innovation to enhance their clients' industrial performance. Dessia perfectly embodies this vision for industrial engineering teams, and we are proud to continue supporting its next phase of international growth." –François Breniaux, General Partner at Supernova Invest.

"We are delighted to support Dessia in developing innovative automation solutions for the engineering sector. Its advanced technology has already proven effective with large industrial companies, and we believe in its potential application in nuclear engineering. This first investment marks Orano Venture Fund's ambition to support high-potential startups aligned with our investment thesis in advanced industrial technologies and the circular economy to meet decarbonization challenges." –David Claverie, CFO of Orano Group.

 

About Dessia

Dessia is a startup that develops a software environment incorporating artificial intelligence algorithms to create and use AI-driven business applications. Clients build and operate customized AI-Apps to digitize and automate their design and manufacturing engineering processes, enabling the capture and perpetuation of their expertise. Clients benefit from reduced development time, first-time-right designs, innovative design solutions, and the digitization of engineering knowledge. Dessia works with several major companies in the automotive, aerospace, rail, and naval sectors, with the goal of becoming the leader in engineering automation. This year, Dessia was also recognized in France Digitale's AI startup map.

For more information, visit: https://www.dessia.io

Press Contact: Sylvia Guirand – [email protected]– +33 6 20 86 78 00

 

 

About Supernova Invest

Supernova Invest is a leading deeptech investment platform in Europe, managing over €800 million. The firm supports more than 80 impact-driven startups developing breakthrough products and services across four key sectors of deeptech: energy and agricultural transition, digital technologies, industrial tech, and health. For 20 years, Supernova Invest has been financing the growth of tomorrow’s technological and industrial champions across all stages of innovation capital (seed, venture, and growth capital). Their goal is to unite the entire deeptech value chain around their portfolio companies, from industrial partners and corporates to research centers and co-investors. The firm benefits from the support of Amundi, Europe’s largest asset manager, and CEA, Europe’s leading public research body.

Press Contact: Matthieu Sénécot: [email protected]– +33 6 51 92 53 14Asmaé

Zahrathaddi-Benfella: [email protected] – +33 663 30 86 41

 

 

About Matterwave Ventures

Matterwave Ventures is a leading European venture capital fund specializing in early-stage investments in innovative hardware or software companies. Their focus is on building a sustainable, sovereign, and digitized European industry. By providing capital and support to the continent’s most ambitious founders, Matterwave aims to establish category leaders that will form the backbone of a prosperous European industrial ecosystem. Their vision is to restore Europe’s technological leadership, production capacity, and autonomy in energy and raw materials. Over the last 25 years, Matterwave has invested in more than 70 companies at the intersection of ClimateTech, DeepTech, and IndustrialTech. With more than €250 million under management, they typically participate in Seed and Series A rounds across Europe, with initial investments between €1and €4 million. Through follow-on rounds, more than €10 million can be investedper portfolio company.

Press Contact: Barbara Christen: [email protected]– +49 89 2867 3245

 

About Orano

Orano is a global leader in the nuclear materials sector, providing solutions to today’s and tomorrow’s challenges in energy and healthcare. Their expertise and mastery of cutting-edge technologies allow Orano to offer high-value products and services across the entire nuclear fuelcycle. Thanks to the skills, safety, and security standards of their 17,500 employees, Orano is committed to developing nuclear material management expertise for the climate, health, and resource efficiency of today and tomorrow.

Press Contact: Samira Taguine: [email protected]– +33 6 31 73 47 39