About IT-Translation
IT-Translation is a venture capital firm founded in 2011. It is primarily based out of Paris, France. As of May 2022, IT-Translation has invested in 46 companies. It primarily invests in Seed round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and High Tech. Most recently it participated in the $***** Series B round of Therapixel Overall, IT-Translation portfolio has seen 11 acquisitions including key companies like Cryptosense, Pixyl and Case Law Analytics. A lot of funds co-invest with IT-Translation, with names like Bpifrance sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
IT-Translation's List of Top Investments
IT-Translation has a portfolio of 46 companies. Their most notable investments are in PASS-TECH and Dazzl.Their portfolio spans across France and Netherlands. They have invested in Enterprise Applications, HealthTech, High Tech and 16 other sectors, across stages such as Seed stage. Here is the list of top investments by IT-Translation:
1. Therapixel
Therapixel offers an analytics platform for visualization and analysis of medical images in the operating theaters. The image navigation system uses machine learning algorithms to optimize breast cancer detection in patients. The AI system work through a motion sensor positioned on top of the screen, which transforms hand gestures into control commands for the system. The technology offered by the company is based on research at INRIA.
Key facts about Therapixel
- Founded Year: 2013
- Location: Nice (France)
- Stage: Series B
- Total Funding till date: $22.1M
- Employee Count: 60 as on May 31, 2026
- Investors: Verve Ventures, Sham and 17 Others
- Latest Funding Round: Series B, May 12, 2022, $*****
- Highlight: Editors' Pick
2. Syos
SYOS is a manufacturer of customized mouthpiece for musicians. It provides musicians a custom mouthpieces that fit their playing characteristics as well as their desired sound aesthetics. The mouthpieces are made-up of non-toxical ABS material using 3D printing.
Key facts about Syos
Ryax provides streaming data analytics platform. The SaaS-platform allows users to stream data in real-time from various sources, process data, manage data exploration and analyze data to capture actionable insights from the data. It enables users to build algorithms and models using AI, deep learning and image recognition solutions. It can be integrated with Alibaba Cloud, Cloudflare, Akamai, Edge and AWS. Clients include Atos, IT-Translation, Sogilis, Orange and Kipers Industries.
Key facts about Ryax Technologies
- Founded Year: 2017
- Location: Lyon (France)
- Stage: Seed
- Total Funding till date: $1.48M
- Employee Count: 12 as on May 31, 2026
- Investors: BNP Paribas, Elaia and 6 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2021, $*****
- Highlight: Editors' Pick
4. Cryptosense
Cryptosense is a cryptographic data encryption solutions provider. It provides an automated security analysis software solution for cryptography that performs systematic analysis and continuous monitoring. The software identifies and remediates security risks in the crypto infrastructure, performs security-audit in third-party applications that use crypto for security to minimize risk, and monitors crypto applications and providers to signal anomalies and pass audits.
Key facts about Cryptosense
- Founded Year: 2013
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $5.7M
- Employee Count: 20 as on Jul 01, 2024
- Investors: Amadeus Capital, Benhamou Global Ventures and 3 Others
- Latest Funding Round: Series A, May 13, 2021, $*****
- Highlight: Acquired
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5. Pixyl
Developer of AI tools for neuroimage analysis for clinicians. They offer data-driven patient care services (neuroimage analysis) by analyzing the radiology images for detailed insights on the patient's health condition and treatment plans. They are focused on therapeutic areas including multiple sclerosis, dementia, stroke, and traumatic brain injury. It has features for precision medicine, neuroimaging, reporting, and analysis.
Key facts about Pixyl
IT-Translation's Year-on-Year Investment Trends
IT-Translation has invested in 46 companies over the last 14 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in PASS-TECH and most recent follow-on round was in Therapixel.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 1 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 4 | 2 | 6 |
2018 | 1 | 1 | 2 |
2017 | 5 | 0 | 5 |
IT-Translation's Investments by Stage
IT-Translation has made 23 investments in Seed stage with an average round size of $778K.IT-Translation's Investments by Sector
IT-Translation has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, HealthTech, Sustainability Tech and Environment Tech. Notably, it has invested in 37 Tech companies, 33 Enterprise (B2B) companies, 33 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
Vertical SaaS | 6 |
HealthTech | 5 |
Sustainability Tech | 5 |
Environment Tech | 4 |
Others | 31 |
Note: We have considered here, only first round of investments
IT-Translation's Investments by Geography
IT-Translation has made most investments in France (23).IT-Translation's recent investments
IT-Translation has not made any investment in 2026 so far.Here are the most recent investments by IT-Translation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 12, 2022 | France | Series B | 1710 | [+6] | |
Oct 24, 2019 | France | Seed | 7082 | ||
Oct 15, 2019 | France | Seed | 5740 | [+3] | |
Jun 27, 2019 | France | Seed | 9947 | [+1] | |
May 23, 2019 | France | Series A | 1062 |
Acquired companies in IT-Translation's Portfolio
11 companies from IT-Translation's portfolio have been acquired. The most recent acquisition was Pixyl in Mar 2025 by Gleamer for $*****.Here are IT-Translation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 12, 2025 | Jan 31, 2017 | Seed | 5906 | |
Aug 06, 2024 | Oct 13, 2012 | Seed | 6991 | |
Oct 09, 2023 | - | - | 1143 | |
Sep 04, 2022 | Sep 22, 2014 | Seed | 6290 | |
Jan 31, 2022 | - | - | 6361 |
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Co-investors of IT-Translation
Over the past 14 years, 43 investors have co-invested in IT-Translation's portfolio companies. This includes funds and angels.
- Invested before IT-Translation: Europa and UI Investissement have invested in rounds before IT-Translation. There is 1 company where Europa has invested before IT-Translation and 1 company where UI Investissement has invested before IT-Translation.
- Top Co-investors of IT-Translation: 23 investors entered a company along with IT-Translation. These include investors like Bpifrance (3 companies).
- Invested after IT-Translation: A total of 18 investors have invested in IT-Translation's portfolio after their investments. Top Investors include Elaia (2 companies), Europa (2 companies) and Credit Mutuel Equity (1 company).
Recent News related to IT-Translation
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Therapixel Closes €15M Series B FinancingFinSMEs•May 16, 2022•Therapixel, Credit Mutuel Equity, Caphorn, Verve Ventures and 6 others
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Therapixel announces close of 15 M series B financing to deploy MammoScreen 2D/3Duserwalls.com•May 12, 2022•Therapixel, Credit Mutuel Equity, Caphorn, Verve Ventures and 10 others
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SIM AND CURE raises 3 million euros in fundingmyFrenchStartup•May 23, 2019•Sim and Cure, Elaia, IT-Translation
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