Valley NewsCompany
· 3w
The official news channel of Valley
Wiremind Raises €35 Million in First Funding Round After 12 Years of Bootstrapping
Paris-based Wiremind, an AI software company serving the transport, air cargo, and events industries, has closed a €35 million funding round, the first outside capital it has taken since its founding more than a decade ago. The round brings in three new investors: IronWave (formerly Wendel Growth), Bpifrance Investissement through its Large Venture fund, and Seaya Andromeda. The company has been profitable while scaling, according to the report.
Key takeaway: A profitable, bootstrapped company raising growth capital at this stage signals that vertical AI players with proven unit economics in industrial sectors are increasingly attractive to late-stage investors seeking lower-risk exposure to the AI market.
Source: EU-Startups
Funding #AI #Startup
🔗 https://www.eu-startups.com/2026/10/p...
0
5