Since 2007, only seven French companies before Dawex have been distinguished for their emerging technology by the World Economic Forum (WEF, world economic forum), whose influential annual meeting brings together all the economic and political leaders in Davos. Each year, the WEF selects young companies in the technology highly promising in various key sectors. In particular, it has chosen this year, the French start-up Dawex for its technology on the exchange of data.

Created in 2015, Dawex has developed a technology platform to enable the exchange of data in a secure manner, as well as from a technical point of view as legal. The way this happens for the commodities or financial assets, the data may be exchanged on the market places, with all the guarantees that such a market implies. Its technology “Global Market place” allows you to meet directly with an offer and a request for data, in various forms (data, API, history file, etc…). Organizations can monetize and/or exchange data directly between themselves. “We make secure transactions from a technical point of view, contractual, economic and in terms of regulatory compliance,” explains Laurent Lafaye, co-CEO of Dawex. The company currently has about 10,000 companies and client organizations. It licenses its technology to companies that want to orchestrate their own ecosystem of data flows with their suppliers, for example.

Sovereignty

“This is a spotlight phenomenal on our technology,” says Laurent Lafaye. This gives us the opportunity to be known by public and private decision makers in the world.”. After a first round of funding in 2016 with the Caisse des depots en consignations (CDC), the company, whose headquarters is in Lyon, has lifted last year’s € 5 million from several investors including Amadeus, with Amadeus, Itochu Corporation, Bouygues Construction and the Bank of the Territories. It employs 50 people, of which three-quarters are teams of engineering products and research. Already established in Europe, North America and Japan, the company wants to continue to expand its geographic footprint. She earns half of its turnover is that it does not reveal to the international.

The companies selected by the WEF – which were also part of their time Airbnb, Mozilla, Spotify, TransferWise or Palantir – include a two-year program, during which they work with experts public and private around the world. Dawex will contribute to the working group “Data Policy” that leads to a reflection on policy and governance of data in the world. “The World Economic Forum recognizes that the issues around platforms for the exchange of the data are of such a nature as to be able to change that, welcomes Fabrice Tocco. It is both a recognition of the vision of the market that we have for 2015 and that our technology is the most sophisticated in this field”.

In November 2019, Amazon launched its marketplace data, Amazon Data Exchange. “The arrival of such a competitor is a superb accelerator market. The market is maturing, there are still no standards as well defined, as is the case of scholarships, financial” said Fabrice Tocco.

The two entrepreneurs are hoping that the recognition of the WEF will also want to the French public sector place an order. “There is much talk of sovereignty in this moment, and one of the best ways to help european companies to grow is to have references in public orders”.

The editorial team conseilleEurope: a plan to stay in the global race of the numériqueSujetsDawexWorld economic forumDonnéesAucun comment

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