DreamQuark, a France-based developer of artificial intelligence technology for sales, has received €14m ($15.6m) in funding from investors including insurance firm AG2R La Mondiale.
Venture capital firm Alma Mundi led the round, with backing from CapHorn Invest, NewAlpha Asset Management and Keen Venture Partners. It came after CapHorn and Plug & Play invested approximately $3.5m in the company in November 2017.
Founded in 2014, DreamQuark has created software that helps organisations in insurance or banking train and develop AI tools to provide sales and customer engagement staff with recommendations for sales leads.
Nicolas Méric, founder and CEO of DreamQuark, said: “The fact that AG2R La Mondiale, a three-year customer, has decided to invest is a significant mark of trust. In the current difficult economic conditions for the industry, DreamQuark will support its customers in generating new revenues.
“This funding round will help accelerate our sustainable commercial development across Europe through direct sales and partnerships and continue to satisfy our existing customers.”
