Paris-based deep tech startup Samp, which develops an AI-generated digital twin solution that continuously monitors sensitive industrial sites, has secured €6 million in funding to expand its "Shared Reality" solution globally. The new funding came from Promus Ventures, Kvanted, INNOVACOM, and HTGF (High-Tech Gründerfonds).
- Founded in 2019 by Shivani Shah and Laurent Bourgouin, Samp develops a patented AI and 3D streaming technology to generate digital twins and optimize the management of existing industrial infrastructures.
- Digital twins provide a precise 3D view of industrial infrastructures through image captures, enabling informed decisions before inspection, maintenance, or modification.
- The startup's solution has been adopted by prominent industry leaders, including Engie, SUEZ, VEOLIA, Teréga, Trapil, and SFDM.
Details of the deal
- The fresh funding was led by Promus Ventures, a Chicago-based venture capital firm that invests in deep tech startups across Europe and the US. Helsinki-based VC Kvanted, along with INNOVACOM and HTGF | High-Tech Gründerfonds, also joined the round.
“We are excited to partner with the team at Samp and support their mission to become the operating system of Industry 4.0. Samp’s Shared Reality platform significantly enhances operators’ operational efficiency and accuracy, particularly in the water and energy sectors. We look forward to supporting them in this next growth phase,” Vice President at Promus Ventures, Jeremy Teboul, stated.
- With the raised capital, Samp plans to expand its workforce, particularly by building a sales team in France and Europe. Additionally, the company will continue its R&D efforts in AI and 3D developments while preparing for international expansion.
“This fundraising marks a crucial step in our development, We are delighted to be able to count on our investors’ support to realize our vision: transforming industrial sites around the world with our real-time updateable digital twins and contributing to a safer, more efficient, and more sustainable industry," Co-founder and CEO of Samp, Laurent Bourgouin, commented.
