Bpifrance

Bpifrance is a financial institution dedicated to supporting companies throughout their development stages, particularly those preparing for stock market listing and seeking credit equity. The organization provides a range of financial solutions, including financing, innovation assistance, and capital investment. By integrating various entities such as OSEO and CDC Entreprises, Bpifrance aims to deliver tailored financial support that addresses the specific needs of businesses. The institution is committed to fostering innovation and helping companies transition toward sustainable growth, ensuring they are well-equipped to face future challenges.

Laurent Arthaud

Managing Director

Marion Aubry

Investment Director

Emmanuel Audouard

Director of Transverse Venture Capital Investments Division

Benoit Barteau Ph.D

Investment Director

Nicolas Berdou

Investment Director, Defense Expert

Clarisse Blandin

Investment Director

Elyssa Maufras du Châtellier

Investment Director

Edouard Combette

Investment Director

Charlotte Corbaz

Deputy Director of the Large Venture Fund and Deputy Managing Director

Nicolas Dardenne

Senior Investment Director, Normandy (Caen Rouen)

Arnaud Despoisse

Director of Occitanie Participations

Philippe Dutheil

Investment Director

Mailys Ferrere

Director of Large Venture Investments

Paul-Francois Fournier

Executive Director, Innovation Department

Pierre Gillet

Investment Director

Vanessa Giraud

Director of Environmental Impact Funds

Gwenael Hamon

Investment Director

Laurent Higueret Ph.D

Senior Investment Director

Louis Janneau

Investment Director and Fund Manager

Magali Joessel

Director of Funds

So-Yeon Koo

Senior Investment Manager

Jérôme Langlade

Investment Director Aquitaine / Limousin / Poitou-Charentes

Eric Lefebvre

Director

Stephane Lefevre-Sauli

Senior Investment Director

Arnaud Legardeur

Investment Director

Chahra Louafi

Senior Investment Director

Serge Mesguich

Director of FIT

Laure Michel

Investment Director

Louis Molis

Investment Director

Jean-Francois Morin

Investment Director

Sébastien Moynot

Director

Adrien Muller

Investment Director

Adrien Néel

Investment Director

Axel Piriou

Director of Investments

Olivier Rameil

Senior Investment Director / VC seed

Vincent Roque

Director

Thibaut Roulon Ph.D

Investment Director

Gilles Schang

Deputy Director

Jean-Marie Fougeray

Senior Investment Director, Brittany

Past deals in Embedded Software

Swan

Series B in 2025
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Keysom

Seed Round in 2024
Keysom is a technology company that specializes in developing RISC-V based processor architectures. Their core product is a no-code architectural exploration tool, designed to facilitate the creation of customizable processor designs. This tool automatically builds processor architectures from application source code and allows for dynamic reconfiguration, enabling industries to design custom processors without extensive technical expertise.

Eyco

Series A in 2024
Eyco is a manufacturer specializing in the design and production of smart circuits and hardware elements for the digital applications sector. Operating within the European microelectronics industry, the company focuses on creating innovative industrial machinery that minimizes environmental impact. By ensuring efficient mass production tailored to client specifications, Eyco enables secure digital applications while promoting sustainability in technology. Its commitment to advancing the high-tech ecosystem of electronics positions Eyco as a key player in the development of environmentally responsible solutions in the digital landscape.

Prove & Run

Series A in 2023
Prove & Run has been created with the idea that large scale deployment of connected objects will become a target for remote cyber-attacks and that the technologies in use in the mobile industry were insufficient to answer to the challenge. When designing connected objects, security engineers can in effect rely on three pillars: (1) Secure elements or hardware coprocessors; (2) Trusted Execution Environment (TEE) or secure OSs; (3) Hardware - or software-based hypervisors. In order to resist to sophisticated remote attacks, the last two need to be formally proven so as to be as close as possible to zero-bugs. This is what we have done at Prove & Run with ProvenCore, a formally proven secure OS and ProvenVisor a next generation secure hypervisor. In most cases using of single instance of ProvenCore on a given connected object will be sufficient to protect against hackers with multi-million dollar budgets.

Swan

Series B in 2023
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Sonaide

Pre Seed Round in 2023
Give smart ears to product. Saas B2B of an embedded AI to detect distress sounds (applied first to telecare companies).

StatInf

Seed Round in 2022
StatInf is a technology service provider that specializes in statistical timing analysis tools aimed at enhancing the performance of embedded systems. The company develops a platform designed to optimize both software and hardware architecture for multicore processors, thereby improving computational and energy efficiency. StatInf focuses on sectors such as aerospace, automotive, and autonomous vehicles, offering solutions that ensure the autonomous behavior of embedded devices. By utilizing statistical and probabilistic methods, the platform facilitates the acceleration of software analysis and simplifies the complexity of achieving safety standards and criteria, making it a vital resource for designers in these industries.

Primo1D

Venture Round in 2021
Primo1D, established in 2013 and based at MINATEC Campus in Grenoble, France, specializes in embedding intelligence into objects and materials using its proprietary E-Thread® yarn technology. This yarn contains electronics that enable companies to trace and monitor their products for anti-theft and anti-counterfeiting purposes, thereby enhancing product value.

CORE for Tech

Venture Round in 2021
Core for Tech is a deep technology company dedicated to enhancing road safety by measuring and predicting driver drowsiness through heart rate variability analysis. By utilizing native sensors or retrofit technology in vehicles, the company transforms physiological data into actionable insights regarding a driver's fatigue levels. This innovative approach allows for the early detection of drowsiness, enabling timely interventions to prevent accidents caused by sleepiness. With a mission centered on safety, Core for Tech aims to provide drivers with the information they need to make informed decisions about their alertness while driving.

Swan

Series A in 2021
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Luos

Grant in 2021
Luos is the pioneer of an open-source development tool that transforms hardware into a more flexible and agile platform akin to software. The company has created an innovative architecture that facilitates the efficient design, testing, and deployment of embedded applications. By enabling microservices for embedded systems, Luos connects various components and functions of electronic devices into a unified system image. This integration is complemented by a user-friendly embedded C/C++ code API, which simplifies the creation of drivers and embedded applications. Luos's solutions empower developers and Chief Technology Officers to streamline the development process and enhance the functionality of embedded systems.

Luos

Seed Round in 2021
Luos is the pioneer of an open-source development tool that transforms hardware into a more flexible and agile platform akin to software. The company has created an innovative architecture that facilitates the efficient design, testing, and deployment of embedded applications. By enabling microservices for embedded systems, Luos connects various components and functions of electronic devices into a unified system image. This integration is complemented by a user-friendly embedded C/C++ code API, which simplifies the creation of drivers and embedded applications. Luos's solutions empower developers and Chief Technology Officers to streamline the development process and enhance the functionality of embedded systems.

Luos

Grant in 2021
Luos is the pioneer of an open-source development tool that transforms hardware into a more flexible and agile platform akin to software. The company has created an innovative architecture that facilitates the efficient design, testing, and deployment of embedded applications. By enabling microservices for embedded systems, Luos connects various components and functions of electronic devices into a unified system image. This integration is complemented by a user-friendly embedded C/C++ code API, which simplifies the creation of drivers and embedded applications. Luos's solutions empower developers and Chief Technology Officers to streamline the development process and enhance the functionality of embedded systems.

Swan

Seed Round in 2020
Swan is a Paris-based fintech company founded in 2019 that specializes in embedded finance through its Banking-as-a-Service platform. It enables businesses to create and manage bank accounts, issue cards, and generate IBANs seamlessly using straightforward APIs. Serving more than 60 clients across ten European countries, Swan handles over 200 million euros in transactions monthly. The company is staffed by over 100 employees, led by experts in the fintech sector. As a licensed financial institution regulated by the ACPR, Swan operates as a principal member of Mastercard, positioning itself as a key player in the European financial technology landscape.

Syntony GNSS

Venture Round in 2019
Syntony GNSS is a technology company specializing in software-based Global Navigation Satellite System (GNSS) solutions. Building on 15 years of research and development, Syntony was established to address the demand for customized GNSS projects, particularly in the creation of simulators utilizing software-defined radio technology. This innovative approach offers significant benefits, including flexibility, upgradability, and cost-effectiveness. Syntony's expertise has led to the development of a diverse range of products, including GNSS simulators, recorders, players, and advanced software-based GNSS receivers. The company's technology is designed for precise location tracking of autonomous vehicles and supports clients in the aeronautics, space, and defense sectors in locating satellites, aircraft, and other critical assets, enhancing navigation capabilities and emergency response systems.

Cartesiam

Venture Round in 2018
Cartesiam SAS is an artificial intelligence company based in Toulon, France, founded in 2016. It specializes in developing software for microcontrollers, notably its NanoEdge AI platform, which enables machine learning and data analysis directly on these devices. Cartesiam's technology aims to enhance the intelligence and autonomy of connected objects while addressing key challenges such as energy efficiency, security, and ease of deployment. The company is composed of a diverse team, including mathematicians, engineers, data scientists, and entrepreneurs, who leverage their expertise to create innovative solutions that empower businesses to utilize artificial intelligence effectively in their applications.

CORE for Tech

Venture Round in 2018
Core for Tech is a deep technology company dedicated to enhancing road safety by measuring and predicting driver drowsiness through heart rate variability analysis. By utilizing native sensors or retrofit technology in vehicles, the company transforms physiological data into actionable insights regarding a driver's fatigue levels. This innovative approach allows for the early detection of drowsiness, enabling timely interventions to prevent accidents caused by sleepiness. With a mission centered on safety, Core for Tech aims to provide drivers with the information they need to make informed decisions about their alertness while driving.

CORE for Tech

Seed Round in 2018
Core for Tech is a deep technology company dedicated to enhancing road safety by measuring and predicting driver drowsiness through heart rate variability analysis. By utilizing native sensors or retrofit technology in vehicles, the company transforms physiological data into actionable insights regarding a driver's fatigue levels. This innovative approach allows for the early detection of drowsiness, enabling timely interventions to prevent accidents caused by sleepiness. With a mission centered on safety, Core for Tech aims to provide drivers with the information they need to make informed decisions about their alertness while driving.

Snips

Series A in 2017
Snips is an artificial intelligence voice platform that specializes in providing offline, privacy-focused conversational interfaces for enterprises and developers. Founded in 2013 by three PhDs, the company operates in Paris, New York, and Tokyo. Its technology enables voice interactions without sending data to the cloud, ensuring user privacy while maintaining enterprise-grade performance. Snips' platform incorporates on-device automated speech recognition, hotword detection, natural language understanding, and dialog management, allowing businesses to create tailored voice commands and understand user context through various inputs such as location and calendar. This innovation positions Snips at the forefront of the embedded voice revolution, simplifying human interactions with connected devices across diverse hardware integrations.

Delfmems

Series C in 2014
Delfmems SAS is a French company that specializes in the development, manufacturing, and licensing of radio-frequency micro-electro-mechanical systems (RF MEMS) switching technology. Established in 2005 and headquartered in Villeneuve d'Ascq, Delfmems produces stand-alone single pole double throw RF switches designed for various applications, including automatic test equipment, instrumentation, telecommunications infrastructure, military, and space sectors. The company's technology also enables the creation of digital and variable capacitors. Delfmems focuses on enhancing connectivity and meeting the growing data demands of next-generation 4G and 5G devices by offering low voltage RF MEMS solutions that provide high performance and efficient hot switching operations.

Delfmems

Series B in 2013
Delfmems SAS is a French company that specializes in the development, manufacturing, and licensing of radio-frequency micro-electro-mechanical systems (RF MEMS) switching technology. Established in 2005 and headquartered in Villeneuve d'Ascq, Delfmems produces stand-alone single pole double throw RF switches designed for various applications, including automatic test equipment, instrumentation, telecommunications infrastructure, military, and space sectors. The company's technology also enables the creation of digital and variable capacitors. Delfmems focuses on enhancing connectivity and meeting the growing data demands of next-generation 4G and 5G devices by offering low voltage RF MEMS solutions that provide high performance and efficient hot switching operations.

Cortus

Private Equity Round in 2011
Cortus is an ASIC and system-on-chip design company that specializes in providing tailored intelligent processing solutions. As a founding platinum member of the RISC-V Foundation, Cortus offers a diverse range of in-house intellectual properties, including both proprietary and RISC-V instruction set architecture processors, analog circuits, interconnect IP, coherent caches, and system-level components. The company also develops comprehensive software solutions, such as compilers, real-time operating systems, and embedded software, enabling seamless integration of hardware and software for its clients. Cortus has created complete system-on-chip solutions for various applications, including a notable IoT platform that features a medium-range RF transceiver, a powerful microcontroller, and hardware-based AES encryption, all designed for energy efficiency and extended battery life. With over 6 billion devices utilizing its IPs, Cortus delivers significant competitive advantages across multiple sectors, including automotive, banking, and space applications.
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