STIMIO Raises €1.7 Million for the Digitalisation of Rail Maintenance

STIMIO Raises €1.7 Million to Accelerate the Digitalisation of Rail Maintenance

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.

Digitalisation of Rail Maintenance

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.

source= https://railway-news.com/stimio-raises-e1-7-million-for-the-digitalisation-of-rail-maintenance/

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