Nantes, France, 20 September 2021 – Stimio, a specialist in B2B IoT and predictive maintenance, has once again been successful in its capital raising efforts, obtaining €1.7 million from Crédit Mutuel Innovation and 574 Invest, SNCF Group investment funds.
Stimio, an expert in connected solutions and predictive maintenance
Stimio is a well-known player in the Industrial Internet of Things (IIoT) sector. It designs and sells connected solutions, from sensors to data analysis platforms, all based on artificial intelligence. Founded in 2014, the company currently has more than 30 employees and is positioning itself on the rail and energy (utilities) markets. Its customers include the SNCF, TRANSDEV, CFL, THALES, ENEDIS, and even RTE.
It is currently developing and selling its Oxygen IoT suite, which consists of Oxygen Edge for data acquisition sensors and Oxygen Cloud, its enriched data recovery platform. This comprehensive solution frees its customers from the complexities of IoT projects (networks of ultra-low consumption sensors, telecommunications, applications developments, etc.), thus letting them focus on business data with significant added value. By combining AI and machine learning technologies, the platform predicts future behaviours and failures in order to better anticipate breakdowns and enable optimal service availability. The data collected and enriched by Stimio can be easily integrated into its customers’ information systems in order to be exploited.
Stimio’s solutions provide its customers with major advantages in terms of operational efficiency. In the rail sector, the remote, real-time monitoring of both rolling stock and infrastructure (rails, overhead lines, etc.) makes it possible to optimise maintenance plans. Connected equipment and subsystems that require specific attention are rapidly identified. With more than 10,000 certified sensors deployed at high-expectation customers, Stimio has proven its knowledge and the value of its solutions.
€1.7 million in capital raised
This new capital invested by Crédit Mutuel Innovation and 574 Invest will allow the company to reinforce and consolidate its technological advancement in terms of AI and predictive models, as well as to accelerate its international development.
‘We’re thrilled to be able to count on Crédit Mutuel Innovation’s support once again,’ says David Dorval, CEO and founder of Stimio. After signing a framework agreement with SNCF Voyageurs, the arrival of 574 Invest, an SNCF Group investment fund, was also greeted with enthusiasm. ‘574 Invest’s inclusion into Stimio’s capital shows our common goal of making Stimio the European leader in the IoT for rail. It’s an important mark of recognition both for our teams and our future customers .’
Maxence Valero, Senior Business Manager at Crédit Mutuel Innovation adds, ‘as an investor in Stimio from the outset, our belief in the market potential of the technological and human foundations that the company has developed only strengthens our trust in this future IIoT leader. Its business model will allow the company to remain relevant in France and globally over the long term.’
For 574 INVEST, ‘Stimio has been a partner of SNCF Group for a long time. Its offering meets the group’s goal of accelerating the digitalisation and optimisation of our industrial activities. The relationship between Stimio and SNCF Group is now even stronger thanks to the investment of 574 Invest,’ explains Julien Nicolas, digital director at SNCF Group and CEO of 574 Invest.
‘Stimio stands out as a result of the technological expertise of its teams, its operational excellence, and the reliability of its products: these are three key factors in being successful in an industrial environment. 574 Invest is thrilled to accompany Stimio as a part of this new stage of growth, ’ adds Lucas Rudolf, investment director at 574 Invest.
You will be able to run into Stimio’s team in 2021 at the Ferroviaria Expo in Milan from 28-30 September, at Alpine Rail Optimisation in Vienna on 6 October, at the SIFER in Lille from 26-28 October, and last of all, in Madrid from 30 November to 1 December as a part of the RailLive convention!
Stimio is a company specialised in the provision of IoT solutions for the rail and energy industries (IIoT). Stimio uses connected sensors and a SaaS platform to transform preventive and curative maintenance, seeking a predictive maintenance model that anticipates breakdowns thanks to an AI-based prediction engine. Founded in 2014, the company’s corporate headquarters is located in Nantes, France. It also has offices in Germany.
About Crédit Mutuel Innovation
Crédit Mutuel Innovation is the subsidiary specialised in venture capital investments of Crédit Mutuel Equity (with a capital of €3.5 billion), a member of Crédit Mutuel Alliance Fédérale. Its goal is to invest in companies developing promising technologies. Crédit Mutuel Innovation chooses companies with a large potential for growth in dynamic sectors such as information technology, telecommunications, electronics, life sciences, new materials or the environment. For more than 20 years, Crédit Mutuel Innovation has been investing—and often reinvesting—its funds to accompany innovative companies in reaching their market. Crédit Mutuel Innovation’s policy is to provide company funds as long-term support for innovative startups in order to increase their chances of success.
More information : www.creditmutuel-equity.eu
About 574 Invest
About 574 Invest Established in 2019, 574 Invest is the venture capital fund of SNCF Group that supports the most innovative entrepreneurs in the domains of mobility, the industry of the future, and greentech. 574 Invest accompanies European startups categorised as Series A and above. In addition to financial investment, 574 Invest provides startups with dedicated long-term accompaniment based on the experience of SNCF Group.
The fund facilitates establishing relationships with SNCF Group entities, both to develop startups’ activities and accelerate SNCF projects.
More information: 574invest.com and @574_invest on Twitter
Photo by Ricardo Gomez Angel on Unsplash
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