Arrakis Raises $38 Million Betting AI's Payoff Is In Factories
Arrakis, seven months old and split between London and Paris, reached a $140 million valuation on Blossom Capital's $30 million round.
- CEO Rafael Quintanilla, an ex-Accel VP, spent a year researching industrial resilience worldwide.
- Backers include Blossom Capital, Accel, GFC, Datadog CEO Olivier Pomel and OpenAI's Olivier Godement.
- About half of Arrakis's fees hinge on results; it already serves five clients with 15 staff.
Why it matters: AI tools chase the 30% who type into a browser; the real money sits in the 70% who weld and drive.