Factorial, the platform dedicated to AI-powered business operations, announced on Tuesday the launch of the AI ​​Acceleration Fund, a €10 million fund to boost the adoption of these technologies and the digitalization of business operations in European companies. According to CEO Jordi Romero, "the goal is to lower the barrier to entry for AI adoption for SMEs" and facilitate companies' transition from pilot programs to real-world deployments of automation and data usage in areas such as human resources, finance, technology, and operations throughout the entire employee lifecycle: performance, workforce analytics, and planning. The program, operational from Tuesday and with applications open until April 30, has a budget of €10 million structured in two equivalent components. The first tranche, worth €5 million, is allocated as direct cost reductions applied immediately upon signing the contract, without impacting the commitment to the platform. The second tranche, also worth €5 million, is offered as AI credits within the Factorial platform itself, so that companies have additional resources as their transformation program matures. Furthermore, participating companies will have access to a transformation support program that includes training and development webinars, access to events, and thought leadership reports.

Factorial, the Catalan business management platform that achievedthe title ofunicorn–companies valued at more than 1 billion euros– in October 2022, has exceeded all its forecasts: in less than 10 years, it has already reached 100 million dollars in annual recurring revenue (ARR) and thus joins the small group of scale-ups European companies that have reached this milestone less than a decade since its founding.

Factorial, the Catalan business management platform that achieved the title of unicorn –companies valued at over €1 billion– has now closed an extension of its investment agreement with General Catalyst in October 2022 to consolidate its position as the leading business management software in Europe. Specifically, Factorial has raised an additional $120 million investment from General Catalyst, bringing the total funds received to $200 million and accelerating the company's next phase of expansion.