Lettria has raised $5 million from Galion.exe, Jezby Ventures, and a group of business angels for its no-code AI platform dedicated to text. Lettria was created in 2019 by Charles Borderie, Marian Szczesniak, and Victor Goguet de la Salmonière. The solution it provides allows businesses to launch natural language processing projects to enhance the value of their unstructured textual data. Lettria's tool enables users to import textual data, automatically process it, analyze it using built-in language models, and customize the AI. Since its launch, Lettria has attracted large companies such as La Poste, l'Ademe, Leroy-Merlin, Uside, l'AP-HP, and Juisci. This latest funding round will enable Lettria to expand its platform and grow internationally.
Galion.exe is a venture capital firm that invests in technology companies in France and Europe. The firm has offices in Paris and Lyon and has previously invested in companies such as Finalcad, a construction software platform, and Inwibe, a provider of digital marketing solutions. Jezby Ventures is a venture capital firm based in Paris that focuses on early-stage technology startups. The firm invests in companies that have a strong technological component and a scalable business model.
Lettria's no-code AI platform is a relatively new solution in the market, but it has already attracted a significant amount of attention from major companies in France. La Poste, for example, is a major French postal service provider that has been using Lettria's platform to enhance its mail sorting operations. Leroy-Merlin, a leading home improvement retailer, has been using Lettria's platform to analyze customer feedback and improve its product offerings. With this latest funding round, Lettria is poised to further expand its presence in the market and attract more customers from around the world.