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Earthcube Raises 20 Million Euros in Series A Funding and Changes its Name To Preligens

19 November 2020

Investing in technology and developing new products Preligens is highly advanced in geospatial data analysis driven by artificial intelligence. The investment will allow Preligens to exploit wider sources of intelligence deemed crucial to the defence and intelligence sector. These developments will enable Preligens to expand the possibilities of its algorithms, better anticipate the evolving needs of its clients, and address the challenges of the future battlespace.

Pursuing and intensifying international expansion The technologies developed by Preligens give a significant competitive advantage and have considerable potential with France’s Allies. Outside of France, the company is already present in the United Kingdom, in several European Union countries and in the United States of America. Preligens intends to consolidate its presence in these markets whilst opening up new ones.

According to Augustin Blanchard, Partner at Ace Management, “The Preligens team appealed to us because of the pertinence and power of its technology which translates very tangibly into significant contracts in Europe and internationally. This technological lead enables it to clearly stand out in its market.”

Nicolas Berdou, Defense expert investor at Bpifrance comments: “As a player dedicated to supporting innovative companies that are developing disruptive and strategic technologies for our country, we are very proud to participate in the Preligens funding round and to support the growth of this valuable French company domestically and internationally.”

Alexandre Mordacq, General Partner at 360 Capital, concludes: “We have supported Earthcube, now Preligens, since its beginnings and we have been most impressed by the company’s capacity to grow and develop over the past years. The founders and their team have successfully demonstrated that the defence and intelligence sector can offer superb opportunities for particularly agile and innovative startups.”

Finally, on the occasion of this capital raising, Preligens is announcing two new independent members of its Strategic Committee:

- Fabrice Aubert, Group General Secretary at Nexity, whose previous roles included the position of Adviser on Institutions, Public Action and Digital Transition in the cabinet of Emmanuel Macron, President of France, from 2017 to 2019; and

- Marc Fontaine, former Head of Digital Transformation at Airbus from 2016 to 2020, who has also held various executive roles, including Chief of Staff for Tom Enders and then for Fabrice Brégier from 2007 to 2016.