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Aletiqraised a € 6 million funding bout led by Point Nine a few months ago ( around $ 6.5 million at current exchange rate ) . The Gallic inauguration is announcing the funding round today . Aletiq has been developing product lifecycle management ( PLM ) package for manufacturing industrial companies working in aerospace , automotive , electronics , sumptuousness , and more .
When you believe about aerospace company , opportunity are the first names that come to mind are giant company like Airbus and Boeing . But these major industrial fellowship get together with a Galax urceolata of small and large suppliers work on components , part , and specialized process . And the same is truthful in automotive , medical twist manufacturer , and other industries .
These companionship — the top 1 % of manufacturers — are already using PLM software program developed by Autodesk , Dassault Systèmes , PTC , or Siemens . But the long tail of industrial companies often do n’t have the correct tools to manage their operations and optimise their work flow .
“ The PLM market is one in which there are four major player who account for 90 % of the market … These are very grown company that initially had CAD [ computer - aided design ] software program and then developed PLM around 20 years ago for very giving party , such as Airbus and PSA , which have design offices employing several thousand masses and very complex requirement , ” Aletiq Centennial State - father and CEO Geoffrey Ricard told TechCrunch .
“ As a result , these are high - performance solvent , but they are very complex to use , and very heavy and sentence - consuming to deploy . And most of these solutions are on - premise , ” he added .
As you may have guess , Aletiq take a completely different approach . The company is entirely focused on Cartesian product lifecycle management and following the SaaS ( package - as - a - service ) playbook . It serve bombastic SMEs and mid - market industrial companies .
“ We have a solvent that ’s very intuitive and easy to expend , which means that it can be massively adopted by our customers . And we ’ve got a answer that ’s nimble to deploy , in just a few months , so they can get a counter on investment after one twenty-five percent , ” Ricard said .
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Aletiq acts as the exclusive beginning of truth for production data , CAD files , specification sheets , information on quality requirements , and more . It integrate with the enterprise tools that these society are already using , including CAD and ERP software .
In addition to meliorate internal workflows , Aletiq can also be used as a supply chain traceability pecker or as a tool to co - plan some components with other fellowship . An Aletiq customer “ will be able to communicate with its partner by sharing data with its customers , but also with its suppliers , who will have a consecrated space on the platform , a variety of provider portal vein for sharing , ” Ricard said .
Since the company ’s creation in 2019 , the Aletiq squad has spent quite a bit of metre developing its platform before signing its first customers . But there are now 5,000 mass using Aletiq as part of their employment across 10 different countries .
Most client are mid - market industrial companies , but Aletiq has also signed some big names , such as Safran , Hutchinson , and Lisi Group .
In addition to Point Nine , Entropy Industrial and Angel Invest also invested in the inauguration . Several business angels have enter as well , such as Carsten Thoma ( Celonis ) , Emmanuel Martin - Chave ( BlaBlaCar ) , Markus Ament ( Taulia ) , and Stéphane Albernhe ( Archery Strategy Consulting ) .
