The French startup eXplain, which is one of the first French companies to have deployed a concrete application to the technology behind ChatGPT, has just completed a fundraising of 6 million euros. We spoke with the leaders of this new artificial intelligence startup to learn more about their projects.
Everything you need to know about eXplain
Who are the founders of this startup?
eXplain is the new artificial intelligence startup founded by Guillaume Liegey, Arthur Muller and Vincent Pons. Passionate about the analysis of data linked to the public sector and technological breakthroughs, they are particularly known for being the founders of LMP (the electoral mobilization software used in particular by François Hollande and Emmanuel Macron).
“ After two years of R&D and a year of marketing, we are finally taking the floor to present eXplain, whose start is thunderous. I am grateful to our historic investors for their trust and I look forward to embarking on this new phase of our development with those who have joined us. Our mission is to use the most advanced AI to facilitate work between private actors and the public sector. Ultimately, it is the quality of services from which we benefit, as citizens, which is improved” – Guillaume Liegey, co-founder and CEO
What does eXplain do?
“Boring reading and writing is for machines! » eXplain is the AI for professionals in contact with the public sector, from infrastructure to public procurement, including real estate. eXplain responds to two underlying trends: the emergence of automated reading and writing thanks to AI on the one hand, and the explosion in the quantity of public data on the other. eXplain is thus one of the first companies to have found a concrete application for the technology behind ChatGPT: Large Language Models.
eXplain’s mission is to automate, thanks to generative AI, the most repetitive and boring tasks of professionals in contact with the public sector: reading complex administrative documents and writing call response files. offers or administrative authorizations. Thanks to eXplain’s AI, no one is going through the complexities of public sector relations from scratch anymore.
eXplain is therefore revolutionizing the work of professionals in contact with the public sector, a sector which represents 15% of global GDP. To do this, eXplain’s AI finds, extracts, analyzes and synthesizes information from more than 50 million documents, many of which have never been indexed before, including by Google. eXplain customers thus save a lot of time: they say they can process 3 times more information in 5 times less time. Just one year after the start of its marketing, eXplain is already generating 1 million euros in ARR (annual recurring revenue) from 25 customers.
eXplain fundraising
Why did you raise 6 million euros?
Today, eXplain announces to raise 6 million euros from ARJO (Didier le Menestrel), HOLNEST (Jean-Michel Aulas’ family holding company) as well as its historical investors (Odyssée Venture, business angels) to accelerate its development and become, in two years, a leader In France. Within five years, eXplain’s ambition is to see its technology used throughout the world by professionals in contact with the public sector.
Why did you choose to bring these investors into your capital?
eXplain has chosen to bring Arjo, HOLNEST, Odyssée Ventures and business angels into its capital.
“We invested very early in this trio of founders. Over the past two years, we have been impressed by their ability to overcome difficult challenges while remaining united. With eXplain, they have completely reinvented themselves, and are preparing to revolutionize a new sector. Today in France, tomorrow potentially everywhere in the world.” – Sébastien Sassolas, Managing Director, Odyssée Venture
For his part, Didier Le Menestrel, president, ARJO, explains : “From our first meeting, I was struck by the solidity of this team, their honesty, and their intellectual rigor. Before generative AI became a trend, they carried out in-depth reflection on how this technology could benefit their clients, always with great ethics. I am not surprised that they are today among the first to market a concrete application to Large Language Models, which will profoundly transform our world in the coming years.”
What will eXplain look like in five years?
Within five years, eXplain’s ambition is to see its technology used throughout the world by professionals in contact with the public sector.
