# Scortex

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.scortex.io
- Total disclosed funding: $5.9M
- Latest round: Series C (Sep 4, 2020)
- Investors on record: 2

## About

Scortex SAS is a Paris-based company specializing in automated quality control solutions through artificial intelligence, enhancing inspection processes across various industries with its innovative Spark product.Founded in 2016 in Paris, France, Scortex SAS focuses on delivering AI-driven quality inspection solutions. The company was co-founded by Aymeric de Pontbriand and Nathanael Hania. In September 2020, Scortex raised EUR 599,995.44 in Series C funding led by investor Alven, bringing the total amount raised to EUR 599,995.44. The company's current valuation stands at EUR 10.312 mn.Scortex specializes in automated quality control solutions powered by artificial intelligence, specifically through its flagship product, Spark. This product is designed to streamline and enhance the quality inspection process across various industries by enabling rapid anomaly detection and centralized quality analysis. Spark can perform up to three inspections per second and can operate with either a single camera or a multi-camera setup, which can accommodate between two to four cameras for comprehensive inspections. The system is tailored for industries requiring high precision, and it has gained traction among clients in the transportation and manufacturing sectors, particularly in quality management settings. Scortex’s solutions are marketed primarily in Europe and have begun to expand into North American markets, making a significant impact in regions where operational efficiency and quality assurance are critical.Scortex generates revenue through a business-to-business model, offering its quality inspection technologies primarily via direct partnerships and subscription services. The company provides clients with the Spark solution, along with associated support such as cloud-based expert assistance and continuous optimization of production processes. Revenue may be structured around initial setup fees for the implementation of Spark, followed by ongoing service fees based on usage or features selected by the client. The typical client engagement includes an upfront commitment that allows for a quick return on investment, with many clients reporting an average payback period of approximately 10 months. Such a pricing approach enables Scortex to maintain sustainable growth while delivering substantial value to its customers in terms of reduced defect rates and enhanced operational efficiency.In September 2020, Scortex SAS raised EUR 599,995.44 in Series C funding from returning investor Alven. The company plans to utilize this funding to enhance its product offerings, including the development of new features for Spark aimed at increasing its operational capabilities. Additionally, Scortex aims to expand its market presence in North America and will focus on establishing a stronger foothold in this region by 2023.

## Funding rounds

- Series C, Sep 4, 2020, $0.7M — Alven
- Seed, Feb 27, 2019, $3.2M — Alven, Notion Capital
- Seed, Jul 5, 2017, $2M — Alven, Notion Capital

## Investors

- Alven (https://capitalatlas.ai/funds/alven) — Seed, Series C
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed