AI startup Phacet has raised $4.4 million to expand its solutions tailored for small and medium-sized enterprises (SMEs). The Paris-based company is focused on extending its AI applications across industries like eCommerce, industry, and finance, according to EU Startups.
Founder and CEO Nicolas Marchais stated that the funding will help bridge the gap between evolving AI models and the practical needs of SMEs.
Phacet works closely with its clients to identify key areas for AI integration and offers an AI Bootcamp to help businesses develop customized applications. The company’s platform aims to deliver a consistent user experience, streamline data connectivity, and maintain cost control.
The funding comes as small businesses increasingly adopt AI technologies, shifting the narrative that AI is only accessible to large enterprises. Phacet’s approach caters to the unique needs of SMEs, helping them leverage AI in areas like workflow automation and inventory management, where even smaller-scale businesses can benefit.
