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🎂 Happy birthday to Karen Seror (GAMESTREAM) Tatiana Pecanac Ayel (STOKOMANI), Jeanne Massa (WEBRADIOS EDITIONS), Frederic Mahé (WONDERPUSH), Dominique Delport (ARDUINA PARTNERS), Frédéric Humbert (INNOVACOM), Gilles Klein
🎯 Odoo reaches a valuation of 5 billion euros after a funding round of 500 million euros
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Odoo, the Belgian startup specializing in open source ERP software for businesses, saw its valuation climb to 5 billion euros following a secondary funding round of 500 million euros led by SEQUOIA CAPITAL And CAPITALG (the venture fund ofALPHABET). This operation allowed historical investors like SUMMIT PARTNERS, NOSHAQ And WALLONIA BUSINESS to sell part of their holdings. Odoo shows annual growth of 50%with revenue forecasts reaching 650 million euros in 2025while remaining profitable. The company is banking on international expansion, particularly in Indiawithout considering an IPO in the short term.
🌟 IN THE FEATURE 🌟
- Resilience acquires Gimli to transform oncology data management 🧬Resiliencea remote monitoring platform for cancer patients, announces the acquisition of Gimlia French startup specializing in structuring medical data in oncology using artificial intelligence. This acquisition aims to make clinical data usable, thus improving the personalization of care and accelerating therapeutic innovation. Gimli uses NLP and Machine Learning to convert medical reports into standardized, secure data that can be used directly by healthcare professionals.
- Minted launches a new offer in January with expanded media and tech coverage 📰Minteda reference in Adtech for three years, announces its relaunch for the January 9, 2025 by broadening its scope to media and tech. The offer will include a daily newsletter, weekly analysis, monthly broadcasts and six annual events. Jerome Marinfounder of Cafetech and former correspondent of Worldjoins the team as editor-in-chief, accompanied by Cyrille Franck And Michel Juvillier. Minted aims to become a major editorial ecosystem in the sector.
- Faircraft raises 15 million euros to produce ecological in-vitro leather 🧪The startup Faircraftfounded in 2021 by Haikel Balti And Cesar Valencia-Gallardoannounces a fundraising of 15 million euros. Investors include BPIFRANCE, AFI VENTURES, CAPE HORN, FIRST ENTREPRENEUR, KINDRED VENTURES And SAKE BOSCH. Faircraft uses tissue engineering to produce leather in-vitro, reducing the carbon footprint of 90% compared to traditional leather. The company targets luxury brands looking for ethical and sustainable solutions.
⚡IN BRIEF ⚡
- OpenAI launches free online course to help primary and secondary teachers integrate ChatGPT in their classes, despite the skepticism of some educators.
- Australia proposes a law to prohibit those under 16 from accessing social networks. Businesses that fail to comply face fines of up to 50 million Australian dollars.
- Neuralink obtains approval from Canada to start clinical trials of its brain implants inToronto Western Hospitalmarking the company’s first attempt outside the United States.
- Google present AlphaQubita machine learning decoder that outperforms current methods for identifying and correcting errors in quantum computing.
- The Trade Desk announcement Venturaan operating system for smart TVs, with deployment planned for the second half of 2025 in partnership with manufacturers.
💰FUNDRAISING 💰
- Faircraft survey 15 million euros to develop the industrial production of in-vitro leather, with the support of BPIFRANCE, AFI VENTURES, CAPE HORN and other investors. The objective is to accelerate penetration into the luxury market.
- Cyeraan Israeli startup specializing in data security, raises 300 million dollars in series D led by Accel And Sapphire Venturesreaching a valuation of more than 3 billion dollars.
- Tekevera Portuguese company specializing in surveillance drones, raises 70 million euros in series B to develop drones capable of serving as hubs for swarms of smaller drones.
🔢 NUMBERS 🔢
🤖 $13.8 billion : Business spending on generative AI in 2024, up compared to $2.3 billion in 2023, according to Menlo Ventures.
📱 4.6 billion : Number of people connected to mobile Internet in 2023, i.e. 57% of the world population, according to GSMA.
🚀 $35.1 billion : Turnover achieved by Nvidia in the third quarter of 2024, up by 94% compared to the previous year.
🌐 27% : Rate of self-sufficiency in chip production predicted for China in 2027, compared to 23% in 2023, according to TechInsights.
🏃♂️MOVEMENTS 🏃♂️
- Jerome Marin joined Minted as editor-in-chief to pilot the platform’s new editorial strategy. Former correspondent of World and founder of Cafetechhe will bring his media and tech expertise.
- Alice Chaillan joins the board of directors of the National Frequency Agency (ANFR).
- Christine Choquel becomes Global CIO at Accor.
- Valentin Napoli is appointed Director of Epitech Nantes.
- Marie Bornes Breuzon becomes Director of Internal Communications and CSR at Ardian.
- Anne-Sophie Huet takes over the vertical marketing direction of Retail, Luxury and CPG Europe at Valtech.
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