Aletiq A few months ago, €6 million in funding rounds (about $6.5 million in current exchange rates). French startups announced their start-up round today. Aletiq has been developing product lifecycle management (PLM) software for manufacturing industry companies working in aerospace, automotive, electronics, luxury goods, and more.
When you think about aerospace companies, it is very likely that giant companies like Airbus and Boeing will come to mind. However, these major industrial companies work with a large and large supplier of components, parts and specialized processes. The same is true in automotive, medical device manufacturers and other industries.
These companies (the top 1% of manufacturers) are already using PLM software developed by Autodesk, Dassault Systèmes, PTC or Siemens. However, industrial companies’ long tails often don’t have the right tools to manage their operations and optimize their workflows.
“The PLM market is a market with four major players accounting for 90% of the market… These are big companies that initially owned CAD [computer-aided design] Software, then developed PLMs about twenty years ago, such as Airbus and PSA, which have design offices that employ thousands of people and are very complex. ” Geoffrey Ricard, co-founder and CEO of Aletiq, told TechCrunch.
“These are high-performance solutions as a result, but they use very complex and very time-consuming deployment and deployment,” he added.
As you may have guessed, Aletiq takes a completely different approach. The company focuses entirely on product lifecycle management and follows SaaS (As-As-As-Service) scripts. It serves large, medium and medium-sized enterprises and medium-market industrial companies.
“We have a very intuitive and easy to use solution, which means our customers can adopt it in a lot, and we have a solution that can be deployed quickly in just a few months, so they can get a return on their investment after the first quarter,” Ricard said.
Aletiq acts as a single source of true information for product data, CAD files, specification sheets, quality requirements, and more. It integrates with enterprise tools that these companies already use, including CAD and ERP software.
In addition to improving internal workflows, Aletiq can also be used as a supply chain traceability tool, as well as a tool to design certain components with other companies. Ricard said Aletiq customers “will be able to share data by sharing with customers, but also with vendors, which will have dedicated space on the platform, a vendor portal for sharing.”
Since the company was founded in 2019, the Aletiq team has spent a lot of time developing its platform before signing the first batch of customers. But now 5,000 people have Aletiq as part of their work in 10 different countries.
Most of the clients are mid-market industrial companies, but Aletiq has also signed on to some big names like Safran, Hutchinson and Lisi Group.
In addition to point ninth, Entropy Industry and Angelinvest also invested in the startup. Several business angels were also participated, such as Carsten Thoma (Celonis), Emmanuel Martin Chave (Blablacar), Markus Ament (Taulia) and Stéphane Albernhe (Architecture Strategy Consulting).
