Aleti He collected EUR 6 million funding conducted by point nine a few months ago (about 6.5 million dollars at current exchange rates). The French startup today proclaims the founding round. Aletiq is developing a cycle cycle management software (PLM) for the production of commercial firms working in the airport, automotive, electronics, luxury and others.
When you think about aviation firms, there are opportunities that come to mind are giant firms similar to Airbus and Boeing. But these major industrial firms cooperate with the galaxy of small and large suppliers working on components, parts and specialist processes. The same applies to automotive, manufacturers of medical equipment and other industries.
These firms – 1% of producers – already use PLM software developed by Autodesk, Dassault Systèmes, PTC or Siemens. But the long tail of commercial firms often does not have adequate tools for operating and optimizing work flows.
“Rynek PLM is one in which there are four main players who constitute 90% of the market … They are very large companies that initially had CAD [computer-aided design] The software, and then developed PLM about twenty years ago for very large companies, such as Airbus and PSA, which have design offices employing several thousand people and very complex requirements, “said Techcrunch, co-founder and general director of Aletiq Geoffrey Ricard.
“As a result, these are high-performance solutions, but they are very complex in use and very heavy and time-consuming to implement. And most of these solutions are on the premise,” he added.
As you’ll be able to guess, Aletiq has a completely different approach. The company focuses completely on managing the product life cycle and the SaaS (Software-AS-A-Service) textbook. It serves large SMEs and industrial firms in the medium market.
“We have a solution that is very intuitive and easy to use, which means that it can be massively accepted by our clients. And we have a solution that has quickly implemented, in just a few months, so that they can get a refund from the investment of one quarter,” said Ricard.
Alexiq acts as a single source of truth for given products, CAD files, specification sheets, information on quality requirements and more. It integrates with corporate tools that these firms already use, including CAD and ERP software.
In addition to improving internal work flows, Aletiq may also be used as a supply chain identification tool or as a tool for cooperation of some components with other firms. Aletiq client “will be able to communicate with his partners, sharing data with clients, but also with suppliers who will have a dedicated place on the platform, a type of supplier’s portal for sharing,” said Ricard.
Since the creation of the company in 2019, the Alexiq team has spent a lot of time to develop the platform before they signed their first customers. But currently 5,000 people use ATIQ as a part of their work in 10 different countries.
Most customers are industrial firms of the medium market, but Aletiq also signed several big names, similar to Safran, Hutchinson and Lisi Group.
In addition to the point of ninth, Entropy Industrial and Angelinvest also invested in a startup. Several business angels also participated, similar to Carsten Thoma (Celonis), Emmanuel Martin Chave (Blablacar), Markus Ament (Taulia) and Stéphane Albernhe (Strategy Strategy Consulting).