About I-Care
I-Care is a company based in Mons (Belgium) founded in 2004 by Fabrice Brion and Arnaud Stievenart.. I-Care has raised $72.56 million across 4 funding rounds from investors including European Union, CPH and SRIW. I-Care has completed 2 acquisitions, including CEPYA Electronics and SDT Ultrasound. I-Care offers products and services including Wi-care™, I-see™, and PdM as a Service. I-Care operates in a competitive market with competitors including UpKeep, Uptake, Uptime AI, Infinite Uptime and SparkCognition, among others.
- Headquarter Mons, Belgium
- Founders Fabrice Brion, Arnaud Stievenart
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
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Website
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Social
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- Legal Name I-Care Holding
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$72.56 M (USD)
in 4 rounds
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Latest Funding Round
$23.56 M (USD), Series D
Dec 24, 2025
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Investors
European Union
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
CEPYA Electronics
& 1 more
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Products & Services of I-Care
I-Care offers a comprehensive portfolio of products and services, including Wi-care™, I-see™, and PdM as a Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced sensor for monitoring industrial asset vibrations and health.
AI-driven tool for processing data to reduce industrial downtime.
Integrated hardware, software, and expertise for asset reliability.
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Funding Insights of I-Care
I-Care has successfully raised a total of $72.56M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $23.56 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $23.6M
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First Round
First Round
(10 Jan 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2025 | Amount | Series D - I-Care | Valuation |
investors |
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| Sep, 2022 | Amount | Series D - I-Care | Valuation | CPH | |
| Oct, 2017 | Amount | Grant - I-Care | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in I-Care
I-Care has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, CPH and SRIW. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Buyouts are pursued by SRIW as a private equity firm.
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Founded Year | Domain | Location | |
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Private equity investments are made in lower middle market companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by I-Care
I-Care has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CEPYA Electronics and SDT Ultrasound. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic components are produced and manufactured by CEPYA Electronics.
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2014 | ||||
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Ultrasound solutions are provided by SDT Ultrasound for condition monitoring and predictive maintenance of industrial assets.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - I-Care
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
I-Care Comparisons
Competitors of I-Care
I-Care operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UpKeep, Uptake, Uptime AI, Infinite Uptime and SparkCognition, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Web-enabled solutions for asset operations and maintenance management are offered.
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
AI-powered predictive maintenance solutions are provided for industrial equipment reliability.
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| domain | founded_year | HQ Location |
AI based platform offering predictive analytics solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on I-Care
Frequently Asked Questions about I-Care
When was I-Care founded?
I-Care was founded in 2004 and raised its 1st funding round 13 years after it was founded.
Where is I-Care located?
I-Care is headquartered in Mons, Belgium. It is registered at Mons, Hainaut, Belgium.
Who is the current CEO of I-Care?
Fabrice Brion is the current CEO of I-Care. They have also founded this company.
Is I-Care a funded company?
I-Care is a funded company, having raised a total of $72.56M across 4 funding rounds to date. The company's 1st funding round was a Grant of $379.07K, raised on Jan 10, 2017.
What does I-Care do?
I-Care was established in 2004 in Mons, Belgium, as a provider of predictive maintenance services. Solutions such as the Wi-care system are deployed for condition monitoring in sectors including power generation, mining, transportation, and process industries. Features encompass vibration analysis, ultrasound detection, advanced diagnostics, and maintenance analytics to support equipment reliability. Operations extend to food and pharmaceutical applications globally.
Who are the top competitors of I-Care?
I-Care's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does I-Care offer?
I-Care offers Wi-care™, I-see™, and PdM as a Service.
How many acquisitions has I-Care made?
I-Care has made 2 acquisitions, including CEPYA Electronics, and SDT Ultrasound.
Who are I-Care's investors?
I-Care has 5 investors. Key investors include European Union, CPH, SRIW, Amerigo Capital, and IMBC.
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