Neobrain

Following a fundraising process led by Ader Finance, Neobrain raised €20m from Alter Equity, Crédit Mutuel Innovation, XAnge and existing investor Breega.

Neobrain is a B2B SaaS platform based on AI and big data, enabling companies to anticipate changes in jobs and improve HR skills management by analysing thousands of job descriptions, skills, offers and resumes daily. In a recent development, the French start-up bagged €20 million in a Series A funding round as it is gearing up to accelerate its international expansion.

Neobrain was founded in 2018 by Paul Courtaud. Since then, the start-up has grown rapidly thanks to its AI technology and excellent user experience. Neobrain has tripled its revenue every year since 2019 and expanded its team from 15 to 80 employees. Today, the start-up counts 80 major customer accounts and over 300,000 employees. Companies such as BOSCH, Natixis, Edenred, Afpa, Sage and Promod use the solution.

This fundraising will enable Neobrain to enhance its AI technology and expand its presence internationally starting with Germany. CEO and founder Paul Courtaud said “We will open offices in Germany, then in England and in the United States. The German market is mature in these areas, especially in the automotive, banking and retail sectors.” & “We will invest 40% of the amount raised in R&D”.

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