Braincube, a manufacturing data software platform with specialist industrial applications, has raised €83 ($90) million of growth equity investment. The investment was led by Scottish Equity Partners (SEP).
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. 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 over 250 employees across its operations in France, Europe, United States, and Brazil. Its software is used on manufacturing sites across 35 countries. Braincube’s customer base spans several manufacturing verticals.
“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.”
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.”
For more information: www.braincube.com