Read more about the deal on CFNews here.
Composable, the developer of a platform that facilitates the integration of LLMs into the work processes of major accounts, has completed a $4 million seed round with Elaia Partners and Illuminate Financial of the UK, co-lead investors followed by the family office Motier Ventures (Lafayette), Kima Ventures, the business angel network m-ai club, Super Capital and other business angels. Joffe & Associés (Virginie Belle and Antoine Lamy) is advising Composable on this transaction.
With the arrival of new and increasingly advanced language models (LLMs) (OpenAI and their CHATGPT4 solution to name but one), companies’ interest in this type of solution continues to grow. Eric Barroca, former head of Nuxeo and an expert in enterprise content management with almost two decades’ experience, decided to make his contribution by creating Composable six months ago, to meet the expectations of companies in this area. The solution is dedicated to the management of vast artificial intelligence language models.
“Generative AI changes everything because the machine can read the content of all documents. It completely changes the way we imagine processes around documents and how to use them. They become sources of data almost in real time. I’ve played with quite a few models to understand how they work”, explains Eric Barroca, co-founder of Composable, to Maddyness magazine.
To propel this initiative forward, the French entrepreneur recently completed an initial round of funding of $4 million, led by Elaia Partners and Illuminate Financial. Kima Ventures, Super Capital, M.AI, Motier Ventures and other business angels also participated in the round.
With this initial funding, Composable aims to become a trusted player, acting as an intermediary between suppliers of vast generative AI language models and companies looking for solutions to optimise their operations.
- Acquéreur(s) ou Investisseur(s) : ELAIA PARTNERS , ILLUMINATE FINANCIAL , MOTIER VENTURES , KIMA VENTURES , M-AI CLUB (M.AI CLUB) , SUPER CAPITAL , BUSINESS ANGEL(S)
- Société Avocat d’Affaires Corporate : JOFFE & ASSOCIES , Virginie Belle , Antoine Lamy
- Acquéreur Avocat Corporate : JONES DAY
