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Aletiq secures $6.5M for its SaaS tool focused on product lifecycle management
Aletiq has raised a €6 million funding round led by Point Nine a few months ago (around $6.5 million at current exchange rates). The French startup is
Aletiq has been developing product lifecycle management (PLM) software for manufacturing industrial companies working in aerospace, automotive, electronics, luxury and more. “The PLM market is one in which there are four major players who account for 90% of the market … These are very big companies that initially had CAD [computer-aided design] software and then developed PLM around twenty years ago for very big companies, such as Airbus and PSA, which have design offices employing several thousand people and very complex requirements,” Aletiq co-founder and CEO Geoffrey Ricard told TechCrunch. Several business angels have participated as well, such as Carsten Thoma (Celonis), Emmanuel Martin Chave (BlaBlaCar), Markus Ament (Taulia) and Stéphane Albernhe (Archery Strategy Consulting).
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