These companies generally choose the platform-as-a-service model, which they can use to speed up the development, roll-out and industrialization of artificial intelligence applications, while still guaranteeing business expertise,” said Alteia CEO and co-founder Michael de Lagarde. The operation aims to enable Alteia to continue its development of technologies in the field of artificial intelligence applied to visual data and support the growth and visibility of its enterprise platform. Alteia is the visual intelligence platform for enterprises, which are provided with access to tools and services to develop artificial intelligence applications in a much more efficient and cost-effective manner than alternative approaches. In the ongoing global battle around artificial intelligence and the processing of ever bigger volumes of more complex data, the success of companies such as Alteia is of strategic importance for Europe.”ContactsAlteia Baptiste Tripard, baptiste.tripard@alteia.com www.alteia.comEIB Christophe Alix, c.alix@eib.org www.eib.org/press