hexaA Paris-based startup studio that has founded dozens of B2B software companies is sharing a list of its next batch of projects that will soon become independent startups.
hexa originally It started its life as eFounders in 2011A startup studio focused on B2B software products as a service. Hexa often uncovers ideas that will form the basis of new companies.
The Hexa team then tries to match the right founding team to their new project so they can make it their own. For the first year or so, Hexa's internal team helps founders with product design, go-to-market strategy, recruiting, and fundraising.
When a startup raises its first round of funding, it usually becomes an independent company. In exchange for the first year of investment and iteration, Hexa retains a 30% stake in the portfolio companies following this funding round.
Although it may seem like a high fee, Hexa's history speaks for itself. Over the years Hexa has produced a handful of unicorns: Front, plane callAnd Spendingas well as some promising tech startups that may soon become unicorns Swan And You Sign.
And these companies also generate significant revenue. According to Hexa co-founder and CEO Thibaud Elzière, in the next two years, at least five startups launched before 2021 will have annual revenues between €100 million and €300 million.
Of course, some companies never really took off, but that's how startups work. Overall, Hexa founded 44 companies. The startup studio itself raised $22 million funding round In 2023.
While Hexa wants this format Hexa evolved into a group of startup accelerators where each accelerator focused on a specific industry, and Hexa kind of retreated from that strategy.
The company continues to slowly add new verticals with new projects around healthcare, artificial intelligence and open source software. However, you will no longer find pages about 3founders for web3 startups or Logic Founders for fintech products on Hexa's website. Everything is a Hexa project now.
Annette
Annette not B2B software company. The company focuses on helping you lose weight if your body mass index is over 30 or if you've been diagnosed with Type 2 diabetes.
Annette's service is designed to complement GLP-1 medications like Wegovy or Mounjaro with an app that allows you to track your progress and talk to dietitians and medical professionals. The idea is to maximize long-term results with a technology-enhanced program.
Basalt
Basalt A perfect start to 2024. Even though everyone on LinkedIn says the next big job is gig engineers, Basalt is a tool that will be used every day by people writing prompts for large language models.
Once you write your first prompts, you can test them with multiple models, see the results, and improve your prompts using artificial intelligence. Given that AI is a fuzzy technology, a prompt that used to work may stop working with a model update. This can lead to repeated use. basalt competes Workflow AI.
DermaScan
DermaScan is another example of Hexa branching out and venturing into new industries. The name of the initiative is pretty self-explanatory, as DermaScan will help you regularly scan your skin for potential skin cancer.
This isn't just a software game; DermaScan plans to open care centers focusing on skin scans with some special technologies. France seems like a good market for this startup, given that it's harder to get an appointment with a dermatologist than a magician.
FieldX (codename)
Smartphones have changed everything for field sales reps. They can check their schedules, access product databases, and process orders on the go.
This new initiative, now called FieldX, aims to help agents spend less time on admin tasks by using a voice interface. Instead of switching between different apps, they can use this first voice assistant as a co-pilot.
LegalX (codename)
LegalX, another startup that doesn't yet have a definitive name, is entering the crowded market of companies developing AI products for law firms. The largest law firms often rely on a small army of interns to review thousands of pages, annotate documents, and prepare drafts.
Large language models are a good way to extract information from large blocks of text (even if they are hallucinatory at times). Therefore, it makes sense to create a product based on AI applied to these lengthy legal documents.
OpenCertiX (codename)
If you told your company that you wanted to purchase a subscription to a product because it would improve your team's work, the purchasing department would probably ask about it right away. SOC 2 certification. This usually means that the product is secure and processes data correctly.
OpenCertiX will be an open source alternative to SOC 2 compliance platforms. boasts or wired. As an open source product, OpenCertiX plans to offer more certifications beyond SOC 2.
rivers
rivers It is a startup that offers a product to other startups and beyond. When you launch a startup in France, you can unlock some non-dilutive financing to help you get started – think “Crédit d’Impôts Recherche” or “Bourse French Tech”. However, for some industry-specific grants, it can be difficult to know whether your company meets the criteria.
Moreover, putting together an application can be a time-consuming process without any guarantee that it will work. Reki helps you collect documents, create and submit an application; so it only takes hours, not days. And of course, the company uses artificial intelligence to automatically create the app.
SleepX (codename)
SleepX will offer a personalized sleep-related health program. Designed specifically for women struggling with insomnia, SleepX will combine Cognitive Behavioral Therapy for Insomnia (CBT-I) with data on hormonal, biological and psychological factors.
Details on what the product will look like are thin. But given the ubiquity of sleeping pill ads, the market opportunity is significant.
StandardX (codename)
StandardX is an AI startup focused on customer support via phone. Many companies now allow you to submit your issue so you don't have to press 1, then 3, then 4 to reach the correct customer support department. However, these voice recognition products do little to change the overall experience of people on the line.
StandardX will likely use all the popular AI technologies (think speech-to-text, LLM, and text-to-speech) along with ERP data to overhaul these conversations. But we will have to wait to learn more about the product.
Tandem
Tandem is another customer support initiative. But this time, the goal is to help users set up their accounts and data when trying out a new tool. Engagement continues to be a hot topic among startup software founders.
That's why Tandem plans to use AI to make engagement easier with personalized tips. As an advantage, the support team will receive fewer support tickets. It has the potential to be Eyelashbut it's actually useful.
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