A €12 million first financing to accelerate its global expansion
Braincube, a leading manufacturing analytics company, announces a €12 million first financing round led by Iris Capital, global multi corporate VC fund, alongside Next47, the global venture firm of Siemens.
Since its foundation in 2007, the company’s solution helped its 80+ large international clients save close to €1 billion in production costs in over 30 countries through various benefits: increased productivity, reduced quality defects, lower energy and raw material consumption, higher machine uptime, better production stability and traceability leading to less customer complaints.
After 10 years of strong growth, with average revenue growth of more than 30% per year, the funds will enable Braincube to accelerate its global expansion and increase its R&D investments.
Relying on its extended team and R&D resources, Braincube will double its installed base of manufacturing sites over the next two years.
It is a privilege to welcome two prominent shareholders such as Iris Capital and Next47 to our capital. Their experience in developing technology and industrial companies is valuable, especially at this key stage in our growth.
As the industry 4.0 market accelerates around the world, Braincube is confirming its leadership acquired in less than 10 years.
Raising funds today will enable us to accelerate our international and recruitment efforts, two major success factors for our development in the coming years.
See the press release: Braincube raises €12 Million to accelerate global expansion