• Sinequa, a front-running enterprise search platform with advanced RAG1 capabilities is acquired by ChapsVision, a leader in the processing of data enriched by AI. Clipperton acted as the sole financial advisor to the shareholders of Sinequa in this transaction. 
  • ChapsVision plans to leverage this acquisition to enhance its platform offering and further help organizations accelerate their adoption of generative AI, supporting the transition from experimentation to production solutions in a secure context. 
  • This deal solidifies Clipperton’s position as a top-tier advisor to European Software category leaders. The sale of Sinequa to ChapsVision brings to 10 the number of SaaS transactions successfully closed by Clipperton in 2024.

Our Client

  • Headquartered in Paris with operations in New York, San Francisco, Huntsville, London & Frankfurt, Sinequa provides a critical software brick enabling the implementation of GenAI for Enterprise customers who work with complex IT architecture and large data sets.
  • As a major player in AI and RAG, recognized by both Gartner and Forrester, Sinequa boasts a prestigious customer portfolio with global Fortune 500 clients, including Pfizer, AstraZeneca, TotalEnergies, Alstom, Airbus, and NASA.
  • Sinequa enables companies to extract value from the mass of data scattered across their corpus of internal documents and databases. Its solution, combining a powerful search engine with advanced Natural Language Processing (NLP) and machine learning algorithms, extracts business information from structured and unstructured data. As a result, company employees obtain the knowledge, expertise, and insights they need to make informed decisions.

Deal Rationale

  • ChapsVision will leverage this acquisition to help organizations accelerate their adoption of AI and generative AI, supporting the transition from experimentation to production solutions in a secure context. 
  • In addition to the technological complementarity, ChapsVision will capitalize on this acquisition to accelerate its international expansion (Europe, North America) and reinforce its position in high-potential markets such as pharmaceuticals, industry, and finance.
  • The acquisition of Sinequa is financed by contributions in kind, as well as by a third round of financing for ChapsVision amounting to €85 million which will also be used to foster global expansion. ChapsVision’s historical shareholders – Tikehau Capital, Bpifrance, Qualium Investissement, GENEO Capital – and new investor Jolt Capital are all contributing to this financing.
  • Jean Ferré, CEO of Sinequa, commented: “The ChapsVision project opens up great opportunities for our employees while enabling our customers to benefit from an offer that is technologically broader and more profound from a business point of view. This project, led by an inspiring entrepreneur with a proven track record, is a unique opportunity in Europe in terms of its financial, industrial, and even sovereign ambitions. It’s the perfect next step for Sinequa.”
  • Alexandre Bilger, Chief Architect Officer of Sinequa added: “Joining forces with ChapsVision and contributing to its strong growth represents a formidable opportunity for the teams of Sinequa and for myself. We are happy to offer the clients of ChapsVision our cognitive search solution and help them tackle their challenges in terms of complex data management. With its firepower, ChapsVision will help bolster our investments in quality of service and product as well as further accelerate our international development.”

Clipperton reaches 10 SaaS deals closed in 2024

Deal Team Clipperton

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.

  1. Retrieval Augmented Generation ↩︎