ChapsVision, a European leader in AI-enriched data processing, announces the acquisition of Sinequa, the world leader in enterprise search engines augmented by Retrieval-Augmented Generation (RAG).
Sinequa, widely recognized by Gartner and Forrester, has experienced significant growth fueled by increasing demand for Generative AI. Its prestigious global client portfolio includes Pfizer, AstraZeneca, TotalEnergies, Alstom, Airbus, and NASA.
“We are delighted to welcome Sinequa to ChapsVision,” says Olivier Dellenbach, Founding CEO of ChapsVision. “Alexandre Bilger and his teams have developed a unique, market leading, generative AI-augmented search technology used by the world’s largest companies for the most demanding use cases. This acquisition perfectly complements our ArgonOS platform and positions us to offer unparalleled solutions for large-scale data processing.”
ChapsVision aims to leverage Sinequa’s technology to help organizations accelerate the adoption of AI and generative AI, transitioning from experimental to fully operational solutions within secure environments. This acquisition will enrich ChapsVision’s flagship ArgonOS platform by:
- Expanding its data collection capabilities with Sinequa’s extensive connector library.
- Enhancing its search functionality with Sinequa’s state-of-the-art search and RAG technology.
Beyond technological advancements, the acquisition positions ChapsVision to drive international growth, particularly in Europe and North America, and penetrate high-potential markets such as pharmaceuticals, manufacturing, and finance.
Jean Ferré, CEO of Sinequa says: “Joining ChapsVision opens exciting new opportunities for our team and enhances the value we bring to our customers. This partnership, driven by an ambitious and visionary entrepreneur, uniquely combines financial strength, industrial expertise, and a commitment to European technological sovereignty”.
Alexandre Bilger, Chief Architect Officer, adds: “Joining ChapsVision and contributing to its strong growth is a tremendous opportunity for Sinequa teams and for me. We are pleased to offer all ChapsVision customers our cognitive search solution and address their complex data management challenges. With its striking power, ChapsVision will allow us to strengthen our investments to continue to improve our quality of service and our product and to further accelerate our international development.”
The acquisition of Sinequa is financed through contributions in kind as well as a third fundraising round of €85 million, which will also allow ChapsVision to continue its international expansion. The incumbent shareholders of ChapsVision – Tikehau Capital, Bpifrance, Qualium Investissement, GENEO Capital – and Jolt Capital, a new investor, are financing the operation.
Olivier Dellenbach, CEO & Founder of ChapsVision adds: “I am deeply grateful to our historical partners for their renewed trust and delighted to welcome Jolt Capital to our project to create a European giant in the field of data processing and AI. This new funding marks the beginning of a new growth phase for ChapsVision, especially internationally.”
“Over the past 5 years, Sinequa has confirmed its position as a global technology leader, won many very large accounts including in the USA, and has initiated the verticalization of its offer, with a particular focus on manufacturing, pharmaceutical and finance. Now part of Chapsvision, Sinequa’s offer will be able to deploy wider and deeper in those industries. We are delighted to have helped Sinequa grow during this period, and thrilled by this deal with Chapsvision that will certainly
reinforce and scale further this superb journey in French territory.” comments Antoine Trannoy, Managing Partner at Jolt Capital.
The advisors to the transaction were :
ChapsVision
- Due diligence: E&Y (Legal), Grant Thornton (Finance, Social & Tax)
- Legal counsel : Valther Avocats
- Strategy consulting: Altman Solon
- Tax advisory: Arsène Taxand
- Financial consulting: Accuracy
ChapsVision’s legacy investors: Qualium Investissement, Tikehau, Bpifrance and GENEO Capital
- Legal counsel: Goodwin Law, Wilkie Farr & Gallagher, Proskauer Rose LLP
Shareholders of Sinequa (including Jolt Capital)
- M&A Advisory Bank: Clipperton
- Legal counsel: Joffe & Associates
To view the original press release, please click here.
