About Cartesiam
Cartesiam is a Technology company based in Toulon (France) founded in 2016, and was acquired by STMicroelectronics in May 2021. ML-based edge computing solutions are developed for industrial applications. Cartesiam has raised $2.27 million across 1 funding round from investors including STMicroelectronics, Bpifrance and Investisseur Prive. Its focus areas include High Tech, Edge Computing, Edge AI Processors and Internet of Things Infrastructure.
Company details
Cartesiam was founded in 2016 in Toulon, France, focusing on machine learning for edge computing in industrial sectors. NanoEdge AI algorithms are utilized to process and learn from data directly within microcontrollers, eliminating reliance on cloud infrastructure. Applications span power plant controls, water treatment, bottling, and railway systems. Clients served include EDF, Veolia, Airbus, Schneider Electric, and Thales.
- Headquarters Toulon, France
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website cartesiam.ai
- Social LinkedIn X
- Acquired by STMicroelectronics (May 2021)
- Total Equity Funding$2.27M (USD)
in 1 rounds
- Latest Funding Round$2.27M (USD), Seed
Dec 2018
- InvestorsSTMicroelectronics
& 2 more
- Acquired bySTMicroelectronics
(May 2021)
Funding Insights of Cartesiam
Cartesiam has successfully raised a total of $2.27M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.27 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.27M
- Total Rounds 1
- Last Round Seed — $2.27M
- First Round $2.27M
(Dec 2018)
- Investors Count 2
All 1 funding rounds of Cartesiam with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $2.27M | Seed | – | Bpifrance, Investisseur Prive | – |
3 investors in total: 3 institutional.
Investors in Cartesiam
Cartesiam has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include STMicroelectronics, Bpifrance and Investisseur Prive.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate consultancy, advisory, and funding services are provided to businesses. | 2012 | bpifrance.com | Maisons Alfort, France | |
Offers personalized investment advice and portfolio management for clients. | 2015 | investisseurprive.com | Paris, France | |
Diverse semiconductor manufacturers | 1987 | st.com | Geneva, Switzerland |
Investor details for Cartesiam
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Cartesiam
3 dated milestones of Cartesiam across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Cartesiam is founded.
- Funding First funding round of $2.3M.
- Exit Acquired by STMicroelectronics.
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Frequently Asked Questions about Cartesiam
Cartesiam was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Cartesiam is headquartered in Toulon, France. It is registered at Toulon, Provence-alpes-cote D'azur, France.
Cartesiam is a funded company, having raised a total of $2.27M across 1 funding round to date. The company's 1st funding round was a Seed of $2.27M, raised on Dec 2018.
Cartesiam was founded in 2016 in Toulon, France, focusing on machine learning for edge computing in industrial sectors. NanoEdge AI algorithms are utilized to process and learn from data directly within microcontrollers, eliminating reliance on cloud infrastructure. Applications span power plant controls, water treatment, bottling, and railway systems. Clients served include EDF, Veolia, Airbus, Schneider Electric, and Thales.
Cartesiam has 3 investors. Key investors include STMicroelectronics, Bpifrance, and Investisseur Prive.
Yes. Cartesiam was acquired by STMicroelectronics in May 2021.