elqano raises €900k to optimize knowledge sharing in companies thanks to artificial intelligence

lqano democratizes access to knowledge in companies, and today announces a fundraising of 900,000 euros from Side Capital and banking partners.

The French start-up has developed a software solution that facilitates and accelerates knowledge sharing in the company thanks to artificial intelligence algorithms. In concrete terms, an employee of a company can ask any question: elqano identifies the competent employee to answer their questions and provide them with answers in real time, wherever they are, within their entity, in another subsidiary or even in another country.

“Mobilizing the expertise and knowledge of each employee has been one of the top priorities for companies in recent years. Collective intelligence is an essential lever for supporting business transformation and creating sustainable performance. My goal is to make each employee more independent and fulfilled in their work by allowing them to access the knowledge of their colleagues effortlessly. » Explains Yann Echeverria, CEO of elqano

At a time of widespread telework and the hunt for talent, organizations must rethink their working methods and more generally their internal culture. It is a fact, with the health crisis, companies have noticed a lack of cohesion on the part of employees: 56% of employees felt disconnected from their colleagues according to a study carried out by Capgemini “The Future of Work: from remote to hybrid”.

Elqano puts the knowledge of each employee at the heart of the company and proves to be a facilitator of exchanges and synergies between teams. The solution creates links and promotes cooperation between teams, subsidiaries and countries of the same entity.

The elqano solution has convinced prestigious customers in France, Germany and the United States. It is now used by several thousand employees around the world.

A fundraiser to give a boost to the start-up

Thanks to this fundraising, elqano will continue its development by recruiting new sales to accelerate its growth in Europe and two developers to continue improving its solution by going further in Natural Language Processing techniques.

Main strengths of the elqano solution:
• The solution maps, the expertise and skills of each by AI without the need to inform them.
• The solution optimizes and decompartmentalizes the sharing of expertise by connecting employees who work in similar areas of expertise without knowing each other.
• elqano has a positive impact on collective productivity, improves production quality and saves employees time.
• The solution is completely embedded in the reference communication tool Microsoft Teams and can be deployed to thousands of users quickly.
• Customers are trained and supported by Customer Success Manager and IT contacts.

“elqano is a promising French Tech start-up that offers a particularly effective knowledge-sharing solution that naturally appealed to us. Renaud Guillerm Managing Partner, Side Capital

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About elqano
Created in 2018 by Yann Echeverria, elqano is a collaborative software solution that identifies the areas of expertise of employees. The start-up elqano stands out as an ideal tool for companies by facilitating the sharing of knowledge and the development of collaborative practices thanks to artificial intelligence algorithms. elqano’s offices are located in Biarritz, with part of the team working from home in Paris and Bordeaux.

Bio of Yann Echevarria, CEO of elqano –
37 years old Yann Echeverria is an engineer. He is a graduate of the University of Technology of Troyes. He spent 7 years at Procter & Gamble designing and deploying international collaboration tools. He is required to travel within the group and observes that the majority of information and knowledge shared in the company are tacit, linked to interpersonal relationships, and often even inaccessible. In 2018 he imagined a solution that put people in touch and connected their precious knowledge. Thus, after two years of research / development, elqano is born.

About Side Capital
Side Capital is an investment and support fund for young tech and digital start-ups. Side Capital was launched in January 2016 by Renaud Guillerm, co-founder of Vidressing, and currently brings together more than 30 experienced entrepreneurs, who are behind some of the greatest successes of French Tech. Side Capital accompanies and guides the entrepreneur in the organization and development of his activity, from day-to-day management to the preparation of future fundraising.
www.side-capital.com

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elqano raises €900k to optimize knowledge sharing in companies thanks to artificial intelligence


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