Today French manufacturing data software company Braincube announced it has raised €83 million of growth equity investment. This brings the company's funding to over €95 million
Braincube’s Industrial Internet of Things (IIoT) platform helps manufacturers increase their profits using data insights to improve quality, productivity, and sustainability in their factories.
With a use case driven framework and proprietary AI leading to production line optimisations, Braincube has already saved customers more than $10 billion and reduced carbon emissions by 2.5 million tonnes.
Its software is used on manufacturing sites across 35 countries. And multiple manufacturing verticals, with a particular specialism in the food and beverage, pulp and paper, building materials, and tire and plastics sectors. Customers include leading global manufacturing companies such as Bridgestone and International Paper.
Laurent Laporte, Founder and CEO at Braincube, shared:
“At Braincube, we envision a world where every factory can operate at peak efficiency. Through using Braincube, manufacturers can successfully achieve their Industry 4.0 vision.
The investment was led by Scottish Equity Partners (SEP) and Bpifrance.
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Angus Conroy, a Partner at SEP, said:
“Braincube is an impressive business, with a complex and IP-rich product, excellent customers, and a track-record of strong growth. The company is leading in a market that benefits from strong tailwinds as manufacturers embrace Industry 4.0.
There is excellent cultural alignment between Braincube and SEP, and we are excited to partner with the team for the next growth stage.”
Luc Heinrich, Managing Director of Bpifrance Equity MidCap fund, added:
“We have been impressed by the team and what they have achieved so far.
Braincube operates at the intersection of AI and Industry, two major themes for Bpifrance. We are excited to work with the team in this next growth phase.”
Lead image: Braincube. Photo: Uncredited.
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