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Alali A 6 -million euro financing round was raised, led by the ninth point a few months ago (about 6.5 million dollars at current exchange rates). The French startup announces the founding tour today. ALETIQ develops the PLM life cycle management programs to manufacture industrial companies that operate in space, cars, electronics, luxury and more.
When you think about airlines, opportunities are the first names that come to mind are giant companies such as Airbus and Boeing. But these major industrial companies cooperate with a galaxy of young and old suppliers who work on specialized components, parts and operations. The same applies in cars, medical devices and other industries.
These companies use – the highest 1 % of manufacturers – the PLM program developed by Autodesk, Dassault Systèmes, PTC or Siemens. But the long tail of industrial companies often does not have the appropriate tools to manage their operations and improve their workflow tasks.
“The PLM market is a market where there are four main players representing 90 % of the market … These are very large companies that initially have CAD (computer design) programs and then developed PLM about twenty years ago for very large companies, such as Airbus and PSA, which have design offices that employ several thousand people and very complex requirements,” ALETIQ Co Sounder and Geoffery Ricard.
“As a result, these are highly performance solutions, but they are very complicated for use, and very heavy and take a long time to publish.
As you may have guessed, aleteq takes a completely different approach. The company is fully focused on managing the product life cycle and following the play book (Software-AS-ARVICE). It serves small and medium -sized companies and industrial companies in the middle of the market.
“We have a very intuitive solution and easy to use, which means that it can be adopted greatly by our customers,” Ricard said.
ALETIQ works as one source of product data, CAD files, specifications and information papers on quality requirements and more. It is integrated with the organization’s tools that these companies already use, including the CAD and ERP program.
In addition to improving the internal workflow, ALETIQ can also be used as a tool for tracking in the supply chain or as a tool for designing some components with other companies. Ricard said that ALETIQ “will be able to communicate with his partners by sharing data with its customers, and also with its suppliers, who will have a custom space on the platform, which is a type of supplier portal to participate.”
Since the establishment of the company in 2019, the ALETIQ team spent a long time to develop its platform before signing its first customers. But there are now 5,000 people who use aletiq as part of their work across 10 different countries.
Most customers are industrial companies in the middle of the market, but ALETIQ also signed some big names, such as Safran, Hutchinson and Lisi Group.
In addition to the ninth point, Entropy Industrial and Angelinvest also invested at startup. Several commercial angels also participated, such as Carsten Thuma (Celonis), Emmanuel Martin Shaf (Blablagar), Marcus Aman, and Stephen Alburna (shooting strategy consultations).