Aletiq secures $6.5M for its SaaS tool focused on product lifecycle management

Aletiq has raised a €6 million funding round led by Point Nine a few months ago (around $6.5 million at current exchange rates). The French startup is announcing the founding round today. Aletiq has been developing product lifecycle management (PLM) software for manufacturing industrial companies working in aerospace, automotive, electronics, luxury and more. When you think about aerospace companies, chances are the first names that come to mind are giant companies like Airbus and Boeing. But these major industrial companies collaborate with a galaxy of small and large suppliers working on components, parts and specialized processes. And the same is true in automotive, medical device manufacturers and other industries. These companies — the top 1% of manufacturers — are already using PLM software developed by Autodesk, Dassault Systèmes, PTC or Siemens. But the long tail of industrial companies often don’t have the right tools to manage their operations and optimize their workflows. ... Read full article.