I-care becomes Belgium’s newest unicorn after closing €20 million fundraising and refinancing round
Belgian predictive maintenance company I-care has achieved unicorn status after securing a €20 million fundraising and refinancing round reserved for existing shareholders and employees. This milestone underscores the growing prominence of European tech companies and their ability to attract investment in the AI and Industry 4.0 sectors. The company's success highlights the potential for homegrown firms to compete globally and contribute to Europe's digital sovereignty. I-care's AI-driven platform, I-see™, integrates with external systems and aggregates data from multiple predictive maintenance techniques. This enables the platform to provide failure predictions months in advance and supply operational data for maintenance planning. The company, founded in 2024, has reported consolidated annual revenues exceeding €100 million and an order book worth over €200 million, showcasing its strong market position. This funding will allow I-care to accelerate its growth, increase its market share, and bring in external investors in 2026. The company, which employs over 1,000 people across 36 offices in 16 countries, also aims to pursue an initial public offering, previously postponed. This expansion could further solidify Europe's position in the global digital landscape. I-care's achievement signifies a victory for European digital innovation and highlights the importance of investing in technologies like AI and predictive maintenance. The company's growth trajectory and future plans suggest a commitment to maintaining its competitive edge and contributing to the advancement of European tech.
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