Inovexus announces its first investment in French start-up Naas » PACA Economic and Political Bulletin

Inovexus, the European early-stage accelerator fund, announces its first investment in French start-up Naas.

An expert platform in data science applied to the automation of processes for decision making, Naas is the first start-up to join the class of 2022 in the acceleration program. As such, she will benefit from personalized support with Christophe Jouin, Director of Ecosystem Engineering at Netflix, as a mentor, to meet her international ambitions.

Inovexus, European early stage acceleration fund,
announces its first investment in French startup Naas

The first cross-border acceleration fund with Californian DNA chose to bet on the startup Naas, a platform specialized in data science applied to the automation of processes for decision making. It is the first start-up to join the class of 2022 of its acceleration program and benefits from the tailor-made support developed by Inovexus to fulfill its global ambition.
Naas aims to make “data science” accessible to all

Companies are collecting an increasing amount of data in all areas, but only a few are able to understand it through one discipline: data science. However, this expertise is still new, and Naas noted that there are not enough experts to meet the needs of companies that are constantly growing around the world.
“With Naas low-code models, it’s easy to automate processes, create visual analytics to track your most important data, and use artificial intelligence algorithms to aid decision making. We are therefore positioning ourselves as the “Zapier of data science” (a leading company in process automation), with the addition of analytics bricks and machine learning/AI.” explains Jérémy Ravenel, CEO and co-founder of Naas.The open source platform released in late 2020 is primarily aimed at regular users of Jupyter Notebook (data scientists/analysts), the reference tool on which the solution is based. This first market represents approximately 10 million users. Thanks to its catalog of customizable templates that apply to the creation of content on the Internet, marketing, sales and other key functions of the company, Naas, however, reaches a much wider audience (users of Excel and other “no-code” tools). ) which is counted in billions. To date, Naas already has more than 2,500 users in more than 75 different countries. It co-builds its business offering with its first clients in the media, marketing, finance and portfolio management sectors, and establishes promising links with universities and colleges in France and the United States.
Philippe Roche, Founder and CEO of Inovexus, explains: “Naas stands out in the market for its very easy-to-use “low-code template” solution, developed in open source and running on a secure, ready-to-use infrastructure. The unique “business-ready” and collaborative vision of data science, the co-founders’ ability to execute, combined with the validation of experts in the field, one of whom is a mentor at Inovexus, are decisive elements in our choice to invest in and support Naas. .”

The Inovexus acceleration program with Christophe Jouin as a mentor

Per Jeremy Ravenel, “The Acceleration Program connects Naas to a vast, borderless ecosystem that is truly open to the global aspect. Since the first day, Christophe Jouin – Director of Ecosystem Engineering at Netflix – perfectly understood our vision, because their teams use the same technological bases. Getting to this level of exchanges, there is no limit to what we can do, grow and be in the execution phase” continues to explain Jérémy Ravenel.
“Naas’ business is essentially to democratize access to data science. In other words, offer all companies the possibility to explore all the information they hold from their data. Not everyone can afford to have in-house teams specialized in “data science”, but now they can take advantage of it, gain a real competitive advantage and thus have the best strategy.” explains Christophe Jouin.

Inovexus pursues its ambitions to have a portfolio of more than 200 startups by 2025

“We are here to infuse American DNA into the way European startups are funded and to nurture future global tech companies. For investors, our fund allows them to be at the start of capital in the most promising technology companies with global ambition.” says Philippe Roche, founder and CEO of Inovexus.

About Inovexus

Inovexus is the first cross-border acceleration fund in France and Europe. Its goal is to help the most promising startups grow. The program is based on two pillars: strategic support provided by internationally recognized mentors and an initial investment of 150,000 euros from the Inovexus Ventures fund. https://inovexus.com/ https://inovexusventures.com/
About Naas

Naas is an open source platform that democratizes access to data science through low-code models. Based on Jupyter Notebooks. https://www.naas.ai/

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