According to reports, AI startup Phacet has raised $4.4 million for its small business solutions. Based in Paris, Phacet is working to expand its AI applications across several sectors, including e-commerce, industry, and finance for small and medium-sized enterprises. Nicolas Marchais, founder and CEO of Phacet, stated that investor support will enable them to advance their mission of bridging the gap between rapidly evolving AI models and the specific needs of SMEs.