Picsellia, a start-up specialized in artificial intelligence, has just finalized a seed round for 2 million euros. This fundraising follows a first round of financing carried out a year ago. Several business angels, including some specialized in the field of AI, took part in this round led by Axeleo Capital.
Picsellia has been offering innovative technology solutions since 2019 to enable their clients to understand their projects from start to finish in a systemic way. This new financing will allow the start-up specialized in artificial intelligence to face a growing demand, while recruiting new employees.
Axeleo Capital and Acequia Capital support Picsellia
AXC2, the new fund of Axeleo Capital, helps companies in the seed phase, especially in the BtoB technology sectors, specialized in cybersecurity, Fintech, Saas and Web3. Regarding the new investment in Picsellia, Brice Lapouble, Investment Director at Axeleo Capital, said :
“Picsellia is one of the few Machine Learning Operations (MLOps) companies offering a full-stack approach to computer vision. At market scale, its solutions will drive innovation by enabling companies to accelerate the development and deployment of their AI-enabled projects.
Acequia Capital, a long-time investor, has renewed its confidence in the young start-up. For Marc Jalabert, Venture Partner :
” Picsellia is at the heart of the industry’s innovation challenges for the next 20 years. Thibaut Lucas and Pierre-Nicolas Tiffreau have put together a team at the world’s forefront of computer vision operations and will open new application perspectives for companies “.
The two founders of Picsellia have a certain reputation and a strong credibility in the AI world, thanks in particular to their proximity to MLOps communities.
Important investments and customers abroad
Business angels recognized for their actions were notably present during this second round of financing. Ludovic Le Moan, an emblematic figure of French Tech, or Eric Mahé, an entrepreneur specialized in mergers and acquisitions in the Tech sector. Other personalities related to artificial intelligence, such as Badr Chentouf or Mehdi Ghissassi, have been convinced by Picsellia’s solution and its founders. Knowing that three quarters of AI projects do not materialize, due to a blockage at the R&D stage, the start-up has been thought in this sense to solve this problem.
The objective announced by the two founders of Picsellia ” is to enable European companies to create globally competitive organizations, while using the French and European technological ecosystem for data and computing power “. Among the company’s customers, some structures are based in Germany or Norway.
A worldwide ambition for a young start-up
Picsellia’s goal is to become a world leader in MLOps on automated computer vision. To achieve this goal, the startup wants to create 15 new positions to support its current team of engineers, and have collaborators on the business development side. Picsellia wants to cover all the needs of AI users, from SMEs to large companies.
It is the only “all-in-one” platform for automated image processing by AI, which is symbolized by Computer Vision. Picsellia’s offer is to allow data collaborators, and first of all data scientists and data engineers, to have all the tools at their disposal during the whole life cycle of the project.
Concretely, to help AI initiatives to be born, the founders of Picsellia allow their users to manage their artificial intelligence models in time. To ensure the proper development of AI, which is based on an iterative process, steering, organization and continuous improvement tools must be made available to structures.