Energy: DEEPBLOO raises one million euros to finance R&D and development

DEEPBLOO, a start-up based in Montpellier (France) that develops a Business Development platform dedicated to energy professionals, raises 500 K€ with investors (MELIES Business Angels, Arts & Métiers Business Angels, and Capitole Angels) and OCSEED venture capital firm.

This fundraising allows DEEPBLOO to complete a 1 M euros globalfunding plan to roll out an ambitious roadmap and ensure its local and international development. The startup already realizes 80% of sales in the export market.

With this fundraising, DEEPBLOO will accelerate its development and strengthen its technology of identification and analysis of tenders for energy professionals.

“Beyond their essential financial contribution, this fundraisingallows us, to finalize an ambitious financing plan in order to roll out a major development plan, including on the international stage” saidAlexandre Guillemot, DEEPBLOO’s president.“In a very pragmatic way, we have already succeeded in developing an effective solution with limited resources, but our goal is to go much further in analyzing tenders using technologies such as Natural Language Processing. We are well surrounded, and we managed to structure a team of experts to carry out an ambitious R&D program” saidStanislas Drouin, DEEPBLOO’s managing director, and CTO.

DEEPBLOO also gets the support of the Occitanie Region of France. Moreover, DEEPBLOO won the Entrepreneur Award of the 1st Energia Tech Hackathon held in Montpellier,and was selectedfor SPARX supportprogram (support from BIC and Schlumberger Montpellier).

DEEPBLOO, the “smart” Business Development solutionLaunched at the end of 2018, DEEPBLOO has developed a platform hosting a community of energy professionals to whom it offers qualified business opportunities according to professionals’interests (sectors of activity, regions).The business development solution designed by DEEPBLOO is based on tendersdata collection and their in-depth analysis using Natural Language Processing technologies. The data enable to createa pipeline of opportunities thatprecisely match their customer needs, as well as business intelligence tools and market analysis.

“These resources will allow us to speed up our commercialization and to go much deeper into the analysis of unstructured data in order to be able to find “aneedle in a haystack’”, specify the two directors.“We are about to be able to identify, with a very high level of accuracy, key data for our customers among the millions of data that we collect daily. DEEPBLOO can now automatically handle the entire process, from finding an opportunity to creating it in our customers’ own information system. “DEEPBLOO is incubated by the BIC (Montpellier Business Innovation Center). Its team of around ten employees is divided between Montpellier and Bordeaux.