Financials

Estimates*

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Revenues, earnings & profits over time
EUR201820192021
Revenues1.0m2.0m1.1m
% growth-100 %-
EBITDA--(1.8m)
% EBITDA margin--(165 %)
Profit--(2.3m)
% profit margin--(212 %)

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

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*

$10.0m

Series A
*

N/A

Acquisition
Total FundingCAD13.6m

Recent News about ForePaaS

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More about ForePaaSinfo icon
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ForePaaS is a cutting-edge technology company specializing in data analytics and artificial intelligence (AI). It offers an end-to-end, unified, and automated data platform that enables businesses to create and scale their analytics and AI projects seamlessly across any cloud infrastructure. The platform is designed to help companies transform into data-powered enterprises by delivering profitable projects quickly and cost-effectively.

ForePaaS primarily serves business leaders and data analysts who need to generate actionable insights from their data. These clients come from various industries around the globe, including finance, healthcare, retail, and more. The company operates in the rapidly growing market of cloud-based data analytics and AI, which is essential for businesses looking to leverage big data for strategic decision-making.

The business model of ForePaaS revolves around a subscription-based service, where clients pay for access to the platform and its features. This model ensures a steady revenue stream while allowing clients to scale their usage based on their needs. Additionally, ForePaaS generates income through consulting services, helping businesses implement and optimize their data projects.

ForePaaS makes money by offering a comprehensive suite of tools that simplify the deployment of machine learning and analytics projects. The platform's automation capabilities reduce the time required for project deployment to just a few minutes, making it highly efficient and attractive to businesses looking to accelerate their data initiatives.

In 2022, ForePaaS was acquired by OVHCloud, a significant milestone that underscores its value and potential in the market. This acquisition is expected to enhance ForePaaS's capabilities and expand its reach, providing even more robust solutions to its clients.

Keywords: data analytics, AI, cloud platform, automation, machine learning, business insights, subscription service, consulting, OVHCloud, scalable solutions.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.