The start-up Elqano announces a fundraising of 900,000 euros

Created in 2018 by Yann Echeverria, based in Bidart (Pyrénées-Atlantiques), the start-up Elqano has developed a collaborative software solution that identifies the areas of expertise of employees to facilitate and accelerate knowledge sharing between employees of the same company. On December 15, it announced a fundraising of 900,000 euros from Side Capital and banking partners.

During the health crisis, telework became widespread, companies then noticed a lack of cohesion on the part of employees: 56% of employees felt disconnected from their colleagues according to a study carried out by Capgemini “The Future of Work: from remote to hybrid”. Elqano’s solution allows them to interact and share their knowledge.

After an initial fundraising in 2021, the start-up was integrated into the MicrosoftForStartups program, a strong technological validation, and its team has grown from 2 to around ten employees, the majority of whom are senior experts. She is then
officially became a Microsoft partner and its solution was integrated into Microsoft Teams. Microsoft Teams data combined with Elqano’s AI algorithms create new connections between employees who work on similar topics without necessarily knowing each other.

AI algorithms and natural language processing

Elqano’s AI solution is very easy to use and takes the form of a chatbot, it:

• mapping, expertise and skills of each by the AI ​​without the need to inform them;
• optimizes and decompartmentalizes the sharing of expertise by connecting employees who work in similar areas of expertise without knowing each other;
• positively impacts collective productivity, improves production quality and saves employees time;
• is fully integrated into the reference communication tool Microsoft Teams and can be deployed to thousands of users quickly.

On the other hand, customers are trained and supported by Customer Success Manager and IT contacts.

In concrete terms, an employee of a company can ask any question: the solution identifies the competent employee to answer their questions and provide them with answers in real time, wherever they are, within their entity. , in another subsidiary or even in another country.

Yann Echeverria explains:

“Mobilizing the expertise and knowledge of each employee has been one of the top priorities for companies in recent years. Collective intelligence is an essential lever for supporting business transformation and creating sustainable performance. My goal is to make each employee more independent and fulfilled in their work by allowing them to access the knowledge of their colleagues effortlessly”.

Thanks to this fundraising, Elqano will recruit new employees to accelerate its growth in Europe and two developers to continue to improve its solution by going further in the techniques of Natural Language Processing.

Renaud Guillerm, Managing Partner, Side Capital, concludes:

“Elqano is a promising French Tech start-up that offers a particularly effective knowledge-sharing solution that naturally appealed to us”.

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The start-up Elqano announces a fundraising of 900,000 euros

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