XXII investment from Bpifrance, 574 Invest, CIB Developpement, Techmind & Groupe Duval

AI computer vision expert raises €22 million to become the world leader in AI computer vision

Paris-based XXII, an AI-powered computer vision company, announced on Tuesday that it has secured €22M in a Series A round of funding led by the Fonds Innovation Défense (Defence Innovation Fund) managed by Bpifrance.

574 Invest (SNCF Group’s investment fund), CIB Développement (Colas Group), Techmind, Kima Ventures, business angels, and the Duval Group, also participated.

The announcement comes three years after raising €1.5M in a Seed funding round in 2020.

XXII says it will use the funds to maintain its position as the market leader in computer vision with cutting-edge research and development, as well as in recruiting new talent.

Additionally, the company aims to deploy their technology on a larger scale, expanding into new domestic and international markets.

The company also intends to speed up their international development by focusing on markets in the US, Europe, and the Middle East.