Belgium-based data science technology developer Sentiance closed an €8m ($9m) round yesterday that included subsidiaries of telecommunications firm KPN and electronics manufacturer Samsung.
KPN Ventures and Samsung Catalyst Fund were joined by venture capital fund Volta Ventures, which led the round, inter-university VC fund Qbic Fund, entrepreneur Michel Akkermans’ investment vehicle Pamica and Sentiance senior management.
Sentiance uses machine learning algorithms to analyse mobile technology sensor data in order to establish patterns of behaviour in such environments as driving, health and exercise and smart homes.
KPN Ventures managing director Herman Kienhuis said: “The future digital customer experience will be fully personalised. Sentiance’ powerful predictive analysis technology offers companies a unique tool to improve their customers’ experience and develop new personalised services, while respecting strict European privacy laws.
“We are happy to support the Sentiance team in realising this ambition, together with a powerful group of international investors.”
The company’s total funding so far stands at approximately $17m. Samsung Catalyst Fund led its $5.2m series A round in 2015, investing together with Volta Ventures, Qbic Fund, Pamica and Nova Participations.