Funding

I-care Achieves Unicorn Status With €20M Fundraising And Refinancing Round

Dec 24, 2025 | By Kailee Rainse

Belgium-based predictive maintenance company I-care has completed a €20 million fundraising and refinancing round reserved for existing shareholders and employees, officially reaching unicorn status.

SUMMARY

Belgium-based predictive maintenance company I-care has completed a €20 million fundraising and refinancing round reserved for existing shareholders and employees, officially reaching unicorn status.

The company plans to accelerate growth, expand market share, welcome external investors in 2026 and revive plans for a previously postponed initial public offering.

“Becoming a unicorn is a symbolic milestone. To achieve this we chose to invest before reaping the rewards: we bet on AI when few believed in it, we prioritised R&D and we built our own production unit. These choices were sometimes difficult but they were essential to staying ahead of the game. Today, our results confirm that this strategy was the right one,” explained Fabrice Brion, CEO of I-care.

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Founded in 2024, I-care delivers reliability and predictive maintenance services to customers in over 55 countries. Its AI-powered platform, I-see™, integrates internal and external systems, combines data from multiple predictive maintenance techniques, predicts failures months in advance, and feeds actionable insights into maintenance planning systems.

“Since launching production of its new-generation sensors and rolling out the Wi-care as a Service model, an all-in-one subscription-based solution, I-care has been recording strong growth. The group’s Industry 4.0 manufacturing facility now enables rapid volume increases, with an announced production capacity of up to 2,000 sensors per day,” the company mentioned in the press release.

I-care has reported consolidated annual revenues exceeding €100 million and an order book of over €200 million. Over the past eight years, it has acquired and integrated eight companies, employs more than 1,000 people, and operates 36 offices across 16 countries in Asia-Pacific, EMEA, and the US.

About I-care

I-care is a global leader in predictive and prescriptive maintenance, using AI-powered, data-driven solutions to predict industrial failures. Serving clients worldwide, I-care optimizes thousands of assets, enhancing safety, efficiency and sustainability in manufacturing.