Numalis, a French Deeptech Specializing in AI, Raises €5M from Definvest

This round of funding will enable Numalis to expand and accelerate its international deployment while consolidating its R&D efforts, in order to contribute to the advancement of the state of the art, strengthen innovation, and assert its position as market leader.

Numalis’ offer is primarily aimed at major AI players, particularly in critical fields requiring enhanced precision and reliability, such as defense, transport (aeronautics, space, rail, automotive), finance, and healthcare. Major names in the French industry, aware of the economic, reliability, and sovereignty issues at stake, already place their trust in Numalis, giving them a strategic advantage in a highly competitive international market.

Small and medium-sized businesses are facing the same challenges, particularly in view of the France Relance plan, France 2030, and the international AI race. In this context, Numalis aims to facilitate the adoption of trusted and sovereign AI, via its SaaS solutions, by companies of all sizes.

Read more about Numalis and find the most important financial news of the day with our companion app Born2Invest.

Based in Montpellier and founded in 2015 out of scientific research, Numalis specializes in the explicability and validation of AI robustness, by exploiting formal methods

That is a branch of theoretical computer science that enables the tools of mathematical logic to be applied to a computer program or electronic hardware in order to demonstrate the validity of the information they produce.

Initially focused on correcting computer calculation errors and validating codes for mission-critical embedded systems, the company, with its wealth of expertise and know-how, is now developing high-performance, scalable solutions for validating AI algorithms.

In a constantly evolving technological landscape for which the regulatory framework is still emerging, the company provides its industrial partners, as well as all stakeholders, with its exclusive know-how and cutting-edge solutions based on rigorous mathematical methods, hosted within a sovereign infrastructure, to prepare and guide them towards reliable and secure AI.

Numalis is playing a major role in the development of standards for AI, at both European and international levels. These standards will form the basis of the future European “AI-Act” regulation, due to be finalized by 2025.

This regulation aims to provide a framework for the development and use of AI systems in the European Union. Numalis helps to ensure that AI systems meet these requirements in terms of transparency and robustness, for adoption with complete confidence.

Arnault Ioualalen, CEO of Numalis: “This fundraising is an important step in our development, and we are proud of our investors’ confidence. Our solution has proven its effectiveness, and we now have the means to accelerate our market presence and turn our technological leadership into commercial success. Our priority for 2024 will continue to be our development in France and Europe, a leader in the field of digital supervision. We are also keeping a close eye on other markets, notably, North America and Asia, which to date remain the primary drivers of growth in the AI market, and we intend to take advantage of this important milestone to adopt and consolidate a truly cross-functional approach to the market.”

Alexandre Lahousse, head of the industrial affairs and economic intelligence department at the French defense procurement agency (Direction Générale de l’Armement), commented: “The gradual integration of AI by the DGA into certain equipment delivered to the armed forces means that we need to support this development with solutions for supervising and controlling algorithms, to guarantee their integrity. As a technology nugget offering mature, innovative solutions, NUMALIS has all the qualities that the Ministry is looking for at this pivotal time, in order to respond to this new stage in the digitization of the battlefield.”

__

(Featured image by geralt via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Finyear. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us