SESAMm Closes Series B Round with NewAlpha Asset Management and The Carlyle Group
Fintech Batch 6 Selected Startup | SESAMm
PARIS, January 28, 2021 — SESAMm, one of the leading providers of analytics and artificial intelligence solutions for investment professionals and enterprises, has concluded a Series B funding round for over €7.5M led by the Fintech VC fund of NewAlpha Asset Management and global investment firm The Carlyle Group (NASDAQ: CG).
The investment is intended to accelerate SESAMm’s global growth, allowing it to acquire talent and expand operations in Europe, Asia and North America. Plans for the funding also include developing AI-enabled research tools and dashboards for corporate customers, as well as continuing R&D investment in its Machine Learning and Natural Language Processing tools.
SESAMm will also extend its reach and address new market segments and use cases, including private equity sourcing and portfolio monitoring as well as Environmental, Social and Governance (ESG) investing and risk screening.