# Myr.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/myr-ai

- Industry: Software
- Headquarters: Paris, France
- Website: www.myr.ai
- Total disclosed funding: $4M
- Latest round: Seed (Oct 20, 2021)
- Investors on record: 2

## About

Myr.ai is a Paris-based company specializing in advanced artificial intelligence solutions designed to enhance efficiency and optimize decision-making across industries such as healthcare, finance, and logistics.Myr.ai, founded in 2019 and headquartered in Paris, France, develops innovative AI-driven tools aimed at improving operational efficiency. The company was co-founded by Axel Hars and Joackim Boucetta, with Axel Hars serving as the CEO. Myr.ai has completed a total of 3 deals, with the latest funding round being a Seed round in October 2021, raising EUR 2.000 mn led by Axeleo, alongside Second Century Ventures and individual investors.Myr.ai specializes in developing a suite of advanced artificial intelligence solutions tailored for diverse industries. Their products focus on enhancing operational efficiency, optimizing decision-making, and providing actionable insights through data analysis. Targeting healthcare, finance, and logistics sectors, these solutions address challenges like predictive analytics in patient care and supply chain optimization. Launched in 2021, Myr.ai's offerings have attracted a varied clientele, including mid-sized enterprises and large corporations across North America, Europe, and select regions in Asia.Myr.ai generates revenue through a subscription-based model, offering clients access to AI tools via tiered pricing plans that cater to varying levels of usage and features. Clients typically engage in annual contracts, which allow them to utilize Myr.ai’s technology for improved productivity and decision-making. Their products are included in these plans, creating a comprehensive suite of services that meet specific client needs, structured primarily as B2B partnerships that encourage long-term client relationships and additional revenue through upselling advanced features.Following their latest funding round in October 2021, which raised EUR 2.000 mn, Myr.ai plans to utilize this capital to support its expansion across Europe and enhance its workforce. The company is working on new products aimed at further optimizing AI applications in its target sectors. Specific markets for upcoming expansion have not been detailed, but the focus will be on reinforcing their presence in existing regions while exploring opportunities in untapped areas.

## Funding rounds

- Seed, Oct 20, 2021, $2.3M — Second Century Ventures, Axeleo
- Seed, Jul 22, 2021, $1.6M — Second Century Ventures

## Investors

- Second Century Ventures (https://capitalatlas.ai/funds/second-century-ventures) — Seed
- Axeleo (https://capitalatlas.ai/funds/axeleo) — Seed