French deep tech AI scaleup METRON raises €10M funding, aims to expand globally now

French deep tech AI scaleup METRON raises €10M funding, aims to expand globally now

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METRON, an innovative French company in energy intelligence for industries, has announced a new €10 Million fundraising with NTT DOCOMO Ventures (Tokyo), StatKraft Ventures (Düsseldorf) and its current investors BNP Paribas (Paris) and Breed Reply (London).

In less than a year, METRON, a key player in energy intelligence, has raised more than €20 million to support its international growth and the development of its AI-driven digital solutions for industries.

Vincent Sciandra, CEO and Co-founder of METRON, states: “We are pleased to welcome as new shareholders NTT and Statkraft ventures, two leading international investors, as well as further investment, particularly from BNP Paribas Energy Transition Capital. The profile of our shareholders, which also include Breed Reply, an IoT investor, Financière Fonds Privés and Airflux, perfectly reflect our strategy. We want to provide manufacturers with our digital platform so that they can take control of their energy management, independently and wherever they operate in the world, as Danone is currently doing with us.”

Focuses on international expansion

Since the last fundraising announced in October 2018, METRON, has accelerated its international expansion. METRON is now active in a dozen countries with operational centres in Europe (Paris, Milan), Latin America (São Paulo, Mexico City, Bogota), the Middle East (Dubai) and Asia (Singapore).

METRON expansion in Japan will be supported by NTT DOCOMO Ventures. President and CEO, Takayuki Inagawa, said: “Beyond our investment, we look forward to promoting a partnership between METRON and NTT FACILITIES, an NTT group company involved in energy management for industrial installations. The partnership will make the solution commercially available in the Japanese market and will contribute to the new smart energy business of the NTT group. The METRON solution is unique as it uses ontological technology and machine learning to continuously optimize energy during the production process.”

Strategic partnership with Dalkia

To develop its business in France, METRON has entered into a strategic partnership with Dalkia, a French leader in energy efficiency, to launch an innovative joint offer, Dalkia analytics powered by METRON. This will manage the energy and environmental performance of industrial sites and achieve energy savings of up to 15%.

New products that reduce carbon emissions

Furthermore, new products have been designed as an extension to the existing METRON platform.  The products will enable the optimization of energy and reduction of carbon emissions in the area of Virtual Power Plants. The aim is to manage decentralized energy production assets, particularly renewable ones, in order to optimize their value; or in the area of electro-mobility, where the optimization of EV charging will become a key issue.

“We have analyzed many companies trying to unlock the enormous potential for energy efficiency in factories. METRON has successfully built a unique solution using artificial intelligence to achieve very rapid energy savings and carbon reductions in factories, even in the most complex technical environments. METRON’s position as the leader in this area is well deserved. We are looking forward to supporting this great team of entrepreneurs.” says Dr. Matthias Dill, Managing Director of Statkraft Ventures, a leading energy fund in Europe.

Recognised by BloombergNEF

METRON’s disruptive vision, strategy and technology were also recognized this year by BloombergNEF, which each year designates ten “New Energy Pioneers” for their leadership in transformative technologies to accelerate the transition to a low-carbon economy around the world.

As historical investors, Yann Lagalaye, Head of Energy Transition Capital at BNP Paribas and Emanuele Angelidis, CEO of Breed Reply, conclude: “Industrial clients are adopting the METRON platform because of its ease of implementation and the quick energy savings they can achieve. Major international partnerships such as the one with Dalkia in France will help accelerate METRON’s growth. The new investors announced today reinforce METRON’s strategic positioning and illustrate its international ambitions. We wish to renew our confidence in the METRON team, in a context where the low-carbon and digital transition of industries is accelerating.”

An EIT Digital alumnus

METRON is supported by EIT Digital Accelerator, the leading accelerator which offers customised growth support for the European tech scaleups. METRON is one such scaleups supported by the accelerator and is an alumnus of EIT Digital. Initially, the company was endorsed by EIT Digital Accelerator in initiating and organising the process of fundraising.

— Press release

Stay tuned to Silicon Canals for more updates in the tech startup world.

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