Belgium’s I-care becomes newest unicorn after closing €20 million…

Team S · 2025-12-30T07:36:21.000Z

Belgium-based predictive maintenance and AI solutions provider I-care has announced the successful completion of a €20 million fundraising and refinancing round, propelling the company to unicorn status with a valuation above €1 billion. The internal round was conducted with existing shareholders and employees, reflecting strong confidence in I-care’s trajectory as it prepares to pursue external investors and a possible IPO in 2026. Founded in 2024, I-care’s AI-driven platform I-see™ aggregates diagnostics, predictive analytics and sensor data to help industrial customers anticipate failures months in advance and optimise maintenance planning. The company serves clients in more than 55 countries, has over €100 million in annual revenue, and maintains an order book exceeding €200 million, underscoring rapid commercial momentum. I-care’s growth has been supported by a strategic emphasis on R&D, the rollout of its next-generation sensor production line and its comprehensive Wi-care as a Service subscription model. CEO Fabrice Brion said the unicorn milestone reflects the strength of the company’s strategy and execution as it scales predictive maintenance across global industrial sectors. The company now plans to pursue external funding in 2026 and explore public market options, potentially pursuing an initial public offering (IPO) after building further scale. #AI #Industry40 #unicorn #predictivemaintenance #Belgium #Icare

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Belgium’s I-care becomes newest unicorn after closing €20 million… | Newnex