A seven-month-old startup called Arrakis has raised $38 million in venture funding to build what it describes as an AI “operating system” for industrial companies. The company, headquartered in London and Paris, is targeting aerospace, energy, logistics, and manufacturing with agentic AI solutions.

The funding breakdown

Arrakis Technologies pulled in its capital across two rounds. Accel led the initial $7.5 million seed round, while Blossom Capital anchored a $30 million Series A.

Other participants in the Series A include GFC, MainObject, and Rerail. The roster of individual backers adds some extra weight: Datadog CEO Olivier Pomel and OpenAI’s head of business products, Olivier Godement, both contributed.

CEO and cofounder Rafael Quintanilla confirmed the latest round values Arrakis at $140 million post-money.