Dessia boosts the R&D efficiency of major industrial groups through AI and Generative Engineering

Paris, Tuesday, October 1, 2024 – Dessia Technologies, a startup specializing in developing a software platform to automate engineering processes through AI, announces a €3 million funding round. Led by Matterwave Ventures, Supernova Invest, and the Orano Venture Fund, this funding will enable Dessia to accelerate its international expansion and reinforce its technical and commercial teams.

‍Its Mission? Transform industrial engineering processes through AI. Major industry players such as Renault, Safran, Alstom, Boeing,Valeo, and Naval Group already rely on Dessia to enhance the efficiency of their engineering departments, underscoring its strong integration into the French industrial ecosystem.

Industrials face unprecedented challenges: shortened product-to-market timelines, eco-friendly designs, increased performance, all within cost constraints. Dessia addresses these challenges by offering engineering teams an AI-powered Generative Engineering software solution that shortens development time for new product generations.

As part of this fundraising, Dessia will provide Orano, an international player in nuclear materials, with innovative "generative design" solutions. This will allow engineers to develop and implement AI programs to automate the generation of multiple system architectures, thereby improving engineering study performance.

Among its clients, Renault Group uses the software platform to optimize the thermal and electrical architecture of its automotive platforms, shortening development cycles. OPmobility, meanwhile, leverages Dessia's technology to automate the design of hydrogen storage systems.
A strategic investment to support growth and innovation

This funding will support Dessia's international expansion, with the sales and marketing teams expanding to forge new industrial partnerships across Europe, followed by other continents. "This new fundraising is a decisive step for Dessia. It gives us the means to realize our ambition to become the global leader in engineering automation." – Jean-Pierre Roux, CEO of Dessia.

Moreover, Dessia’s development capabilities will significantly increase to enhance the platform’s features. The company has initiated hiring efforts for backend, frontend developers, designers, and data scientists.

"With this funding, we will continue to develop our platform by integrating customizable agents based on proprietary AI. These agents are designed to mimic engineers’ working methods, providing valuable support in addressing the economic and environmental challenges facing engineering teams." – Pierre-Emmanuel Dumouchel, CSO and founder of Dessia.

"We are convinced that Dessia’s engineering process automation technology will have a long-term impact far greater than the automation of financial and administrative processes with RPA tools, which are already widespread in large industrial groups." – Robert Gallenberger, General Partner at Matterwave Ventures.

"At Supernova Invest, we support startups that bring breakthrough innovation to enhance their clients' industrial performance. Dessia perfectly embodies this vision for industrial engineering teams, and we are proud to continue supporting its next phase of international growth." –François Breniaux, General Partner at Supernova Invest.

"We are delighted to support Dessia in developing innovative automation solutions for the engineering sector. Its advanced technology has already proven effective with large industrial companies, and we believe in its potential application in nuclear engineering. This first investment marks Orano Venture Fund's ambition to support high-potential startups aligned with our investment thesis in advanced industrial technologies and the circular economy to meet decarbonization challenges." –David Claverie, CFO of Orano Group.



About Dessia

Dessia is a startup that develops a software environment incorporating artificial intelligence algorithms to create and use AI-driven business applications. Clients build and operate customized AI-Apps to digitize and automate their design and manufacturing engineering processes, enabling the capture and perpetuation of their expertise. Clients benefit from reduced development time, first-time-right designs, innovative design solutions, and the digitization of engineering knowledge. Dessia works with several major companies in the automotive, aerospace, rail, and naval sectors, with the goal of becoming the leader in engineering automation. This year, Dessia was also recognized in France Digitale's AI startup map.

For more information, visit: www.dessia.io