Paris-based DCbrain, a deeptech SaaS company that offers an optimisation platform using AI and hybrid AI algorithms, announced on Sunday, July 24, that it has raised €5M in a fresh round of funding. The scaleup is supported by EIT Digital Accelerator.
DCbrain says the proceeds will help the company in expanding its AI-based engine, which optimises logistics and supply chains for businesses engaged in transportation and production.
Investors in this round
The investment was led by Statkraft Ventures, the corporate venture fund of the Norwegian renewable energy producer Statkraft AS. Breed Reply Aster, BPI France, and Inno Energy also contributed to the round.
Daniel Michel, Access to Finance specialist at EIT Digital, says, “We have immediately embraced the approach DCbrain has taken to solve a complex problem in the logistics industry. We enjoyed supporting this deeptech company in accessing an international financing round that will fuel its development plans.”