Diota

Digitisation and industrial process optimisation software publisher Diota has announced that it has obtained financing of €7 million. €5 million was raised from a group of top-ranking investors comprising Crédit Mutuel Innovation, a specialist in investing in companies offering technological breakthroughs, and the company's long-standing investors Safran Corporate Ventures, Supernova Invest and Calao Finance. In addition to these funds, it has also obtained financing primarily from BPI France and other schemes to promote "Industry 4.0" companies.

Consolidation of its market-leading position in Europe

Diota has taken a major step forward in continuing with its European expansion strategy. This latest round of financing will enable the innovative SME to complete the extension and consolidation of its commercial presence in Europe, which began in 2017 with the opening of its first subsidiary in Germany. The company is planning in particular to open further offices and expand its indirect sales network in order to accompany the digital transformation of manufacturing businesses by means of large-scale rollouts across Europe.

"We were attracted by Diota's management team, which has managed to come up with an offering that fully meets the expectations of manufacturing businesses. Diota has a very strong presence in France and Germany and the funds we are providing should enable its managers to implement their strategy to achieve pan-European growth", explains Stéphane Simoncini, Investment Director at Crédit Mutuel Innovation.

Execution of a global 4.0 offering strategy

With the launch in 2018 of its DBRI (Digital-based Robotic Inspection) solution allowing for automated inspection processes without the need for robot programming, Diota has enhanced its offering from solely augmented reality to a global "Industry 4.0" offering. To support this, the company will continue to develop its range of solutions with the aim of creating a virtuous circle of optimisation between back office engineering and field operations by means of multi-faceted use of industry. Diota will continue in particular to achieve synergies and implement high added-value solutions in terms of digital data retrieval on the ground and capture and retrieval of operational reality.

"In addition to helping us to pursue our strategy, this second round of fundraising attests to our ability to win the support of major industry names. This new marker of confidence in both our vision and our ability to help our clients with their competitiveness challenges in a very unique way also signifies for us the continuation of a real human and technological success story", adds Lionnel Joussemet, CEO of Diota.

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