Belgium-based Cikisi announced it had raised €2.7M in a pre-Series A round of funding.
The company says the funding will accelerate Cikisi’s growth and extend its market reach within the next two years.
Angelwise, a Belgian ICT & SaaS early-stage investment fund, led the pre-series A round. Brussels’ regional investment company finance&invest.brussels and a new renowned Business Angel with a relevant SaaS track record participated in the round along with the founders, and existing Business Angels and investment funds, Investsud and Sambrinvest.
Since 2016, Cikisi has developed a competitive tool that automates the entire workflow of a market intelligence department, from data collection and enrichment to analysis and distribution to stakeholders.
The tool also features robust search and index capabilities, semantic text analysis, and a massive database of 1 billion documents that is continuously updated.
Cikisi now has over €1M in annual recurring revenue. Notable companies such as SOLVAY, SAINT-GOBAIN, ATOS, KPMG, and PWC are among its clients.
The company claims it continuously helps service and industrial companies gain a competitive advantage by providing timely information on threats and opportunities.
Cikisi currently works with petrochemicals, energy, glassware, construction, agri-food, and automotive sector clients.
Meanwhile, banking and insurance, human resources, security and defense, transportation, medicine, and health are on its list of clients in the service sectors.
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