What began in Mons, Belgium, two decades ago has quietly grown into one of Europe’s most valuable industrial technology companies. I-care has secured €20 million through a combined fundraising and refinancing, bringing its valuation to €1 billion. Reserved for existing shareholders and employees, the round signals strong internal conviction rather than a chase for headlines about new capital.
After postponing an IPO last spring, the company is now reinforcing its balance sheet to prepare for the next phase of growth. Rather than rushing to public markets, I-care is doubling down on scale, execution, and market share, an approach that reflects confidence in its operating model and long-term demand.
Scaling expertise across continents
Founded in 2004 by Fabrice Brion, I-care has built scale without losing its engineering depth. Today, more than 1,000 employees work across 36 offices in 16 countries, serving customers in over 55 markets. Its footprint spans Asia-Pacific, EMEA, and the United States, reflecting the global nature of industrial reliability challenges.
The fresh capital will be used to accelerate this expansion, strengthening local teams and deepening relationships with large industrial clients. As maintenance strategies move from reactive to predictive, demand for proven solutions continues to rise.
Predicting failure before it happens
At the core of I-care’s rise is its ability to see industrial problems long before they disrupt production. The company monitors hundreds of thousands of machines worldwide, using advanced diagnostic techniques and its proprietary Wi-care™ vibration sensors. These devices feed continuous streams of data into I-see™, its analytics platform.
What sets the platform apart is its breadth. I-see™ combines data from multiple predictive maintenance techniques and connects seamlessly with external systems through an open API. The result is not just alerts, but early warnings, sometimes months in advance, allowing manufacturers to plan interventions instead of reacting to breakdowns. For heavy industry, that shift translates into fewer shutdowns, lower costs, and safer operations.
What’s next?
With its technology stack, global presence, and renewed momentum toward a future listing, I-care is positioning itself not just as a service provider but as essential infrastructure for modern industry.