Elqano, a software company specializing in knowledge sharing within enterprises, has raised €900,000 in a funding round led by Side Capital and including several other banking partners. The company’s software solution facilitates and accelerates the sharing of knowledge and development of collaborative practices within organizations through the use of artificial intelligence algorithms. The software connects employees who have questions with those who have answers, identifying competent collaborators to provide real-time responses, regardless of whether they are located in the same office, subsidiary, or even country. The goal is to create sustainable performance by positively impacting collective productivity, improving the quality of production, and saving employees time.
Elqano’s software has already been adopted by several large subsidiaries in France, Germany, and the United States, and is used by thousands of employees worldwide. The company was founded in 2018 by Yann Echeverria, and this funding round will allow Elqano to further improve its technology.
Elqano's platform will be particularly useful for companies with remote or distributed workforces, as it enables employees to access knowledge and expertise from anywhere in the world. The platform is also designed to continuously learn and improve, ensuring that the most relevant and accurate information is always presented to employees.
Overall, Elqano's software provides a valuable solution to a common challenge faced by companies: how to effectively share knowledge and expertise across teams and geographies. With this funding, Elqano will be able to continue to refine its technology and expand its reach to more organizations around the world.