Advestis
Advestis is a Paris-based Contract Research Organization specializing in custom data science and Machine Learning development, serving enterprise clients in healthcare, finance, energy, and cybersecurity. Founded in 2013 and acquired by Forvis Mazars in 2025, it now operates as R&D Forvis Mazars.
- Company typePrivate
- Founded2013
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Advestis does
Advestis is a Paris-based Contract Research Organization (CRO) that specializes in applied data science and Machine Learning for enterprise clients. Founded in 2013, the company co-develops customized ML systems with clients across healthcare and life sciences, financial services, energy and hydrogen, industrial manufacturing, and cybersecurity, transferring both intellectual property and operational expertise so that clients can autonomously manage deployed systems. The company was acquired by Forvis Mazars in 2025 and now operates as R&D Forvis Mazars, functioning as a unified team within the international audit, tax, and advisory firm.
Advestis' technical core is built around Non-negative Matrix Factorization (NMF) and Non-negative Tensor Factorization (NTF) for dimensionality reduction, clustering, and predictive analytics, augmented by proprietary methods including Target Polish for outlier-resistant factorization, the Integrated Sources Model (ISM) for multi-view data fusion, and CoxNTF for joint clustering and survival prediction. The portfolio extends into Physics-Informed Machine Learning, Federated Learning for privacy-preserving collaborative analytics, Explainable AI (XAI), MLOps for production deployment, and JINKOU, a GAN-based market scenario generation solution co-developed with Fujitsu Systems Europe for financial applications.
The business operates on a B2B contract research model with project-by-project negotiated pricing, supplemented by strategic R&D partnerships with academic and industry counterparties such as FEMTO-ST (CNRS), EDF, Hub France IA, France Hydrogène, and CRIANN. The company has no disclosed funding rounds, maintains 11–50 employees, and generates revenue through custom ML development and data science research services, with no public pricing or API offerings. Commercial growth is supported through research publications in venues such as Nature Machine Intelligence, conference participation, open-source contributions on GitHub, and the distribution reach of its Forvis Mazars parent.
Advestis firmographics
Firmographics- Name
- Advestis
- Legal name
- Advestis, a brand of Forvis Mazars
- Website
- https://advestis.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Advestis is a Paris-based Contract Research Organization specializing in custom data science and Machine Learning development, serving enterprise clients in healthcare, finance, energy, and cybersecurity. Founded in 2013 and acquired by Forvis Mazars in 2025, it now operates as R&D Forvis Mazars.
- Ownership category
- akta.pro rank
Advestis industry classification
Industry- Product category
- Data Science Research Services
- NAICS
- Custom Computer Programming Services (541511), Scientific Research and Development Services (5417)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Clinical Data Management, Biostatistics & Statistical Programming CROs (HLAGAAAF)
Keywords
Where Advestis is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Advestis business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Contract Research Services: Advestis operates as a Contract Research Organization providing R&D services under contract. The company performs custom Machine Learning development and data science projects for clients, co-developing solutions and transferring IP and expertise to guarantee autonomous client management.
Go-to-market motion3 records
Distribution channels2 records
Marketing channels5 records
Advestis product offering
Product offeringCore offering
Advestis operates as a Contract Research Organization (CRO) that co-develops customized Machine Learning systems with enterprise clients across healthcare, finance, energy, cybersecurity, and industrial sectors. The company delivers data science R&D services including augmented intelligence, embedded intelligence, decentralized federated learning, physics-informed ML, explainable AI, and MLOps deployment, accompanied by transfer of both IP and expertise to clients.
Product overview
Advestis is a Contract Research Organization (CRO) with a specialized practice in Data Science, now part of R&D Forvis Mazars. The company provides data science services as a unified team, offering a portfolio that centers on Data Science Services as the core offering. Key modules include Augmented Intelligence (data-driven insight tools), Embedded Intelligence, and Decentralized Federated Learning. The portfolio incorporates Explainable AI (XAI) and Physics-Informed ML Systems for interpretable and domain-knowledge-integrated predictions, alongside MLOps Resources for production deployment. For specialized applications, the company has developed JINKOU (GAN-based market scenario generation) in partnership with Fujitsu. All developments emphasize IP and expertise transfer to clients for autonomous system management, with a commitment to sustainable AI and open source contributions via GitHub.
Differentiator
Problem solved
Functional benefit
Products and services
- Data Science Services Contract research services providing data science resources to push the Technology Readiness Level (TRL) of clients' innovations. Advestis co-develops customized Machine Learning systems with enterprise clients across healthcare, finance, energy, and industrial sectors.
- JINKOU Innovative market scenario generation solution based on Generative Adversarial Networks (GANs), developed in partnership with Fujitsu Systems Europe for financial applications including stress testing and scenario simulation.
Companies that use Advestis
Customer profileSegments5 records
Ideal customer profiles5 records
Advestis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature7 records
Advestis partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Forvis MazarscoreAdvestis has been acquired by Forvis Mazars and is now fully integrated into R&D Forvis Mazars, operating as a unified team. This acquisition provides access to Forvis Mazars' international network of audit, tax, and advisory services.
- Hub France IAcoreR&D partner in the French AI ecosystem, collaborating on artificial intelligence research initiatives
- France Hydrogène (Vighy)coreR&D partner focused on hydrogen energy sector applications, working on hydrogen technology innovation
- FEMTO-ST (CNRS)coreResearch collaboration with FEMTO-ST institute including joint research on hydrogen fuel cell systems and AI applications in energy management with Pr. D. Hissel (IUF)
- CRIANNminorR&D partner providing high-performance computing resources for research projects
- Fujitsu Systems EuropecoreStrategic alliance for JINKOU solution - an innovative market scenario generation platform based on Generative Adversarial Networks (GANs), combining fintech innovation with international technology expertise
- EDF (Électricité de France)coreCollaboration on federated learning applications for cybersecurity, with Y. Laarouchi (EDF) and M. Rizzato (Advestis) working on intrusion detection systems
- CNRS FRH2 (Fédération de Recherche Hydrogène)corePitch presentation at CNRS FRH2 hydrogen transition event showcasing collaboration between Institut FEMTO-ST and Advestis for hydrogen system AI applications
Scale indicators2 records
Recent moves7 records
Expansion highlights5 records
Advestis competitors and assessment
Company assessmentDirect peers
- ActiveViam: French analytics software and services firm providing custom advanced analytics solutions for banking, insurance, and commodities clients. Comparable as a Paris-based boutique analytics CRO serving regulated industries.
- Quantmetry: Paris-based data science consulting firm offering custom ML solutions to enterprise clients across industries including finance, healthcare, and energy. Closely comparable to Advestis in geography, business model (custom ML co-development), and customer verticals.
- Ekimetrics: Paris-based data science consultancy delivering AI and ML solutions for marketing, supply chain, and finance applications. Directly comparable to Advestis as a French boutique data science services firm with similar enterprise client profile and IP-transfer orientation.
- Artefact: Paris-headquartered data and AI consulting firm delivering data strategy and ML engineering to global enterprises. Comparable as a French-headquartered data/AI services peer though at meaningfully larger scale than Advestis.
Broad incumbents
- Databricks: Data and AI platform providing unified analytics, ML, and GenAI tooling to enterprises globally. Comparable to Advestis in addressing enterprise ML engineering and MLOps needs, though as a platform vendor with consulting ecosystem rather than a pure CRO.
- Devoteam: European IT and digital services consultancy with strong AI/ML practices across industries. Comparable as a broader European digital services incumbent that competes for the same enterprise data science mandates Advestis addresses.
- McKinsey QuantumBlack: McKinsey's advanced analytics and AI consulting practice serving global enterprises across healthcare, finance, and energy verticals. Comparable to Advestis in vertical coverage and senior-led enterprise engagement model, but with global brand recognition and far larger bench.
- Palantir Technologies: Enterprise data analytics and AI platform serving government, healthcare, and finance with custom deployment services. Comparable in addressing complex enterprise data integration and explainable AI needs across Advestis' core verticals, but at vastly larger scale.
- BCG GAMMA: The data science and AI arm of Boston Consulting Group, applying advanced analytics and ML to enterprise transformation. Comparable as an enterprise ML consulting peer addressing similar Fortune 500 use cases, but with vastly larger scale and the brand halo of BCG.
Emerging players
- Dataiku: Paris-based enterprise AI platform offering a collaborative data science and MLOps platform. Comparable to Advestis in French data science ecosystem footprint and enterprise ML focus, but operates a product/platform model versus Advestis' CRO services model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Advestis social profiles
Digital presenceAdvestis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advestis leadership team
Management profileNumber of profiles
Profiles2 records
Advestis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advestis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advestis
What does Advestis do?
Advestis operates as a Contract Research Organization (CRO) that co-develops customized Machine Learning systems with enterprise clients across healthcare, finance, energy, cybersecurity, and industrial sectors. The company delivers data science R&D services including augmented intelligence, embedded intelligence, decentralized federated learning, physics-informed ML, explainable AI, and MLOps deployment, accompanied by transfer of both IP and expertise to clients.
Is Advestis a public or private company?
Advestis is a private company. It is classified as corporate owned and is currently acquired.
When was Advestis founded?
Advestis was founded in 2013. It employs 11 to 50 people.
Where is Advestis based?
Advestis is headquartered in Paris, France, in the Europe region.
How does Advestis make money?
One revenue line is on record: contract Research Services.
Who are Advestis's main competitors?
Direct peers on record are ActiveViam, Quantmetry, Ekimetrics and Artefact. Broad incumbents are Databricks, Devoteam, McKinsey QuantumBlack, Palantir Technologies and BCG GAMMA. Dataiku is listed as an emerging player.
Does Advestis have an API?
No public API is recorded for Advestis.
What industry is Advestis in?
Advestis's product category is Data Science Research Services. Its primary akta.pro industry code is HLAGAAAF, Clinical Data Management, Biostatistics & Statistical Programming CROs. Its NAICS code is 541511 and its SIC code is 7371.