METRON, the France-based developer of an innovative energy intelligence platform for industry, has completed a new €8 million fundraising. The fundraising includes commitments from BNP Paribas, Financière Fonds Privés, and existing shareholder, Breed Reply, a leading active operational investor in Internet of Things businesses. The funds will enable METRON to accelerate its international growth, and the further development of its AI-based energy optimisation solutions.
Vincent Sciandra, CEO and Co-founder of METRON, says: “We have seen high levels of customersatisfaction, as customers experience lower than 12 months payback on their investment. I want to thank them for choosing METRON. This capital raise will enable us to change our commercial dimension and to develop our technology. We aim to become a key global player in industrial energy intelligence by 2022.”
METRON offers customers an energy intelligence platform which collects, aggregates and analyses in real time all types of data generated by industrial systems, while interfacing directly with external data, such as those from energy markets or weather forecasts. The artificial intelligence engine developed by METRON allows manufacturers to effectively reduce their energy consumption and improve their environmental footprint while entering the era of factory 4.0.