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.”
Delivering artificial intelligence to industrial grids
Founded in 2014 by Arnaud de Moissac and Benjamin de Buttet, DCbrain claims to be leading the market in optimising the configuration of complex networks (i.e., networks with numerous interconnected links and nodes, with different capacities and changing dynamically), like those that supply chain companies face every day.
The company’s solution is used by clients such as STEF, a French refrigerated transport company with more than 4,000 trucks, as well as more than 100,000 recipients per day for 9,000 shippers. For STEF, DCbrain makes suggestions for traction plans that are optimal while also drastically lowering total inter-agency transit expenses.
DCbrain reports that all its logistics customers save massive fuel costs through better planning and usage of the transportation capacities with improved truck filling rates. Its solution has also been used by large energy companies to integrate the use of green gases in their networks.
About EIT Digital and EIT Digital Accelerator
Launched in 2010, EIT Digital is a pan-European organisation that promotes innovation, education, and entrepreneurship in digital technology. It aims at global impact through European innovation, boosted by entrepreneurial talent and digital technology. It helps businesses and entrepreneurs to be at the frontier of digital innovation by providing them with technology, talent, and growth support.
Since its launch in 2014, the EIT Digital Challenge has attracted more than 2,900 entries from all over Europe.
EIT Digital Accelerator offers tailor-made growth support by helping them raise capital, find customers, and scale up internationally. This is done through a distributed team of business developers and fundraising experts operating from 10 European countries. Since 2012, the EIT Digital Accelerator has supported startups and scaleups from 20 countries that have raised over €1B in investment.
