Manufacturers save $10 billion using Industrial IoT solution, Braincube now secures €83 million in additional funding


Braincube, the manufacturing data software platform with specialist industrial  applications, has raised €83 million of growth equity investment. The investment was led by Scottish  Equity Partners (‘SEP’).

Braincube’s Industrial Internet of Things (‘IIoT’) platform can help manufacturers increase their profits  using data insights to improve quality, productivity, and sustainability in their factories. Production  line optimisations, resulting from Braincube’s use-case driven framework and proprietary AI, have  already saved customers more than $10 billion, and have reduced carbon emissions by 2.5 million tonnes.

The company has grown strongly in recent years, and now has over 250 employees across its  operations in France, Europe, the United States, and Brazil. Its software is used on manufacturing sites  across 35 countries. Braincube’s customer base spans several manufacturing verticals, with a  particular specialism in the food and beverage, pulp and paper, building materials, and tires and  plastics sectors. Customers include leading global manufacturing companies such as Bridgestone and  International Paper.  

“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,” said Laurent Laporte,  Founder and CEO at Braincube. “We are delighted to be partnering with SEP, one of Europe’s leading  growth equity investors in software companies, and Bpifrance, one of France’s leading investors. It is  clear that in SEP and Bpifrance we have found long-term supportive partners who can help Braincube  continue its global growth journey.”  

SEP’s investment was led by Angus Conroy, Andrew Davidson, and Arpita Prasad. 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 has a leading position in a  market which 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 stage of growth.” 

Bpifrance’s investment was led by Luc Heinrich and Mathilde Meunier Garcia. 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 phase of growth”.  

Clipperton served as the exclusive financial adviser to Braincube on the transaction. Prior to this  transaction, Braincube has been successfully supported by IRIS Capital and Next47.

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