The news: Arrakis, a London and Paris-based startup, came out of stealth with $38 million to build what it calls an AI layer for the operations of industrial companies, targeting aerospace, energy, logistics and manufacturing.
The funding is a $30 million Series A led by Blossom Capital, on top of a $7.5 million seed round led by Accel. The company is valued at $140 million post-money.
GFC, MainObject and Rerail also invested, along with angels Olivier Pomel, the Datadog CEO, and Olivier Godement, who runs business products at OpenAI.
What it does: Instead of automating engineering work, Arrakis rebuilds the spreadsheet-driven back-office workflows industrial companies run on. In one example, the company says it helped a New York-listed shipping company move from monthly to daily cash flow visibility.
The company: Arrakis is seven months old, has about 15 employees, and counts five customers. CEO Rafael Quintanilla is a former Accel VP. The company plans to open outposts in New York and the Middle East and triple its headcount.
Zoom out: Arrakis joins a growing field selling agentic AI for industrial and supply chain operations. Auger, Proaction, and J.B. Hunt's Overroute are all targeting the same operations budget, but from different starting points.
