StatInf
Statinf has raised €500,000 in seed funding, reaching the halfway mark in their expected €1M funding round
Statinf, an innovative statistics modelling company for embedded systems, based in Paris, France, has raised €500,000 in seed funding, reaching the halfway mark in their expected €1M funding round.
The funding round was led by Women Invest in Tech (WIT) Angels Club, Arcadia Ventures and Sharpstone Capital and benefited of the participation of BPI. This significant investment will support Statinf’s mission to empower software engineers to build safer and more efficient embedded software programs for security-critical industries such as avionics, automotive, drones and aerospace.
Co-founders Adriana Gogonel and Liliana Cucu-Grosjean are leading Statinf’s groundbreaking approach, offering a software that simplifies complex multicore processor software development. Their product utilises statistical methods to accelerate software analysis and deliver reliable applications.
“StatInf brings its expertise in the verification of the concepts of operational safety of the software embedded in avionics, space, railways, automotive, autonomous vehicle, defence. By combining statistical methods and optimization methods, RocqStat, the software proposed by StatInf , allows manufacturers of embedded systems to have reliable analyzes benefiting from the improvement of tests and software optimization, by reducing interference between programs so that they run safely while minimizing power consumption.” Says Adriana Gogonel, CEO and co-Funder of StatInf.
“Statistics have been used intuitively by embedded software designers for years to observe the variation of time properties for such software during different testing steps, without including the statistics within a more structured and reproducible method. The statistical methods behind the StatInf approach bring these properties, while the statistical methods are combined to existing approaches like static reasoning in order to decrease the complexity of these later approaches.” Says Liliana Cucu-Grosjean, co-founder of StatInf and scientific advisor.
“Statinf is a highly innovative and forward-thinking company that has captured our attention and ignited our enthusiasm from the very beginning”, says Ruxandra Muys-Stoian, Co-Founder of WIT Angels Club. “We’re doubly pleased to support this women-led startup as the two founders are Romanian, like the women angels in our investment club.”
“As IoT and edge computing expand, embedded software is now spreading across many devices delivering ever more critical applications. With this increased complexity, brand new approaches to software quality insurance are mandatory” says Christophe Aulnette, early investor in Statinf “I’m delighted to support Adriana and Liliana in delivering this new generation of software.”
“We met two outstanding researchers with a highly developed technology. Following our collaboration, we discovered two entrepreneurs capable of taking Tech out of the lab to create a Deeptech startup. They are currently in discussions with industry leaders in the market. This aligns perfectly with the type of project we want to invest in at Sharpstone Capital.” says Germain Gaschet, early investor, co-fouder of Sharpstone Capital.
A multi-awarded startup, Statinf is part of a consortium of major French mobility players (including Alstom, Renault Group, EasyMile, Equans, and Keolis) that won a strategic public tender to deploy a first fully autonomous, low-carbon public transport service at Level 4 of autonomous driving.
Statinf intends to use the funds to enhance the platform with advanced features and to recruit exceptional tech profiles. This first investment round is part of a broader seed round designed to enable Statinf’s geographical expansion. The startup is currently in the due diligence phase with key French Venture Capital funds.
“We are eager to work closely with Statinf, leveraging our Club’s resources, experience, and network to propel them towards sustained growth and success.” adds Muys-Stoian.