French startup Kili Technology has raised $7 million in seed funding. The funding round was led by US-based venture capital firm Serena, along with e.ventures and a handful of business angels.
Founded in 2018 by François-Xavier Leduc and Edouard d'Archimbaud, Kili Technology provides businesses with a platform to characterize raw data, including text, images, and videos. The SaaS platform enables companies to deploy AI projects and accelerate their digital transformation.
Kili Technology's data annotation tool is already used by major French companies, such as Crédit Agricole, Safran, EDF, Bureau Veritas, and Carrefour, as well as companies in Europe, the United States, and China.
The $7 million funding will be used to accelerate Kili Technology's development and expand its team. The company plans to double its workforce from 15 to 30 employees by the end of 2021.
Serena is a venture capital firm that invests in early-stage companies with a focus on technology, healthcare, and consumer products. E.ventures is a global venture capital firm that invests in early-stage companies across a range of sectors, including consumer internet, software, and fintech.