Braincube, an IIoT platform from France offering specialized applications and expert solutions for manufacturers, has recently announced a successful €83M growth funding round.
Scottish Equity Partners (SEP) and Bpifrance spearheaded this investment, aimed at bolstering Braincube’s position as a global leader in manufacturing software.
Laurent Laporte, the Founder and CEO of Braincube, expressed his enthusiasm about the partnership with SEP, recognized as a top European growth equity investor in software, and Bpifrance, a prominent French investor.
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Laporte highlighted the significance of SEP and Bpifrance as long-term, supportive partners who will contribute to Braincube’s ongoing international expansion.
An Intelligent Industrial Internet of Things (IIoT) Platform
Established in 2007, the startup is a pioneering Industrial Internet of Things (IIoT) platform designed to help manufacturers boost profitability through data-centric strategies.
Using artificial intelligence, the platform optimizes production lines, yielding substantial benefits. Customers have realized over $10 billion in savings and a reduction of 2.5 million tonnes of carbon emissions thanks to Braincube’s technology.
Operating in 35 countries, the software is implemented in various industries like food and beverage, pulp and paper, building materials, and the production of tires and plastics. Its notable clients include global leaders such as Bridgestone and International Paper.
The startup company has experienced significant growth in recent years, now boasting a workforce of over 250 employees spread across offices in France, other parts of Europe, the United States, and Brazil.
Founder Laurent Laporte comments on the company’s mission, stating, “At Braincube, we aim to create a world where factories can consistently operate at maximum efficiency. By adopting Braincube, manufacturers are empowered to fulfill their Industry 4.0 aspirations successfully.”
Overview of Investors Backing Braincube
The investment in the IIOT Platform by Scottish Equity Partners (SEP) was led by Angus Conroy, Andrew Davidson, and Arpit Prasad. On the other hand, Bpifrance’s contribution was overseen by Luc Heinrich and Mathilde Meunier Garcia.
Angus Conroy, a partner at SEP, commended the firm for its sophisticated, IP-rich product, esteemed clientele, and consistent growth. He noted Braincube’s strong position in a market that is increasingly adopting Industry 4.0 technologies.
Conroy also highlighted the harmonious cultural fit between Braincube and SEP and expressed enthusiasm for collaborating with the IIoT Company in its next growth phase.
SEP, known for its focus on rapidly expanding technology companies, brings a wealth of experience, knowledge, and a global network to support founder-driven management teams. The firm is dedicated to aiding companies from the investment stage all the way to exit, with a particular interest in software and tech-enabled businesses with innovative offerings. Over its history, SEP has made investments in more than 160 companies.
Bpifrance, functioning as a public investment bank, offers assistance to businesses at various stages of growth, from startups to IPOs. It provides customized financing and investment options in different regions, supporting companies through each phase of their development.
