Paris-based DCbrain, a deeptech SaaS company that offers an optimisation platform using AI and hybrid AI algorithms, announced that it has raised €5M in a fresh round of funding.
The scaleup is supported by EIT Digital Accelerator.
DCbrain says the proceeds will help the company in expanding its AI-based engine, which optimizes logistics and supply chains for businesses engaged in transportation and production.
The investment was led by Statkraft Ventures, the corporate venture fund of the Norwegian renewable energy producer Statkraft AS. Breed Reply Aster, BPI France, and Inno Energy also contributed to the round.
Founded in 2014 by Arnaud de Moissac and Benjamin de Buttet, DCbrain claims to be leading the market in optimizing the configuration of complex networks (i.e., networks with numerous interconnected links and nodes, with different capacities and changing dynamically), like those that supply chain companies face every day.
The company’s solution is used by clients such as STEF, a French refrigerated transport company with more than 4,000 trucks, as well as more than 100,000 recipients per day for 9,000 shippers.
For STEF, DCbrain makes suggestions for traction plans that are optimal while also drastically lowering total inter-agency transit expenses.
DCbrain reports that all its logistics customers save massive fuel costs through better planning and usage of the transportation capacities with improved truck filling rates.
Its solution has also been used by large energy companies to integrate the use of green gases in their networks.
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