Paris: Phacet, a pioneer in personalised artificial intelligence (AI) solutions for small and medium-sized enterprises (SMEs) has raised a seed round of €4 million.

The French startup has received backing from 148 business angels from sectors including tech, finance, insurance, data and retail. The investors include Thibaud Elzière (Hexa), Des Traynor (Intercom), Florian Douetteau (Dataiku), Philippe Corrot (Mirakl), Rodolphe Ardant (Spendesk), Damien Marc (JPB Système) and Guillaume Moubèche (Lempire).