Aletiq has successfully raised €6 million in funding to create product lifecycle management (PLM) software aimed at SMEs in industries like aerospace and automotive. Unlike dominant players such as Autodesk and Siemens, whose complex PLM solutions cater primarily to large enterprises, Aletiq's SaaS model focuses on simplicity and usability. Co-founder Geoffrey Ricard emphasizes that their intuitive platform enables broader adoption among smaller manufacturers seeking to optimize operations. This positions Aletiq as an innovative alternative in a market dominated by a few major corporations, providing essential tools for those traditionally underserved by existing solutions.
"The PLM market is one in which there are four major players who account for 90% of the market ... These are very big companies that initially had CAD ..."
"As a result, these are high-performance solutions, but they are very complex to use, and very heavy and time-consuming to deploy ..."
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