Metron, a Paris, France-based developer of an innovative energy intelligence platform for industry, raised €8m in funding.
Backers included BNP Paribas, Financière Fonds Privés, and existing shareholder Breed Reply.
The company intends to use the funds to accelerate its international growth, and further develop its AI-based energy optimisation solutions.
Founded in 2013 by Vincent Sciandra, CEO, Metron offers an energy intelligence platform which collects, aggregates and analyses in real time all types of data generated by industrial systems, while interfacing directly with external data, such as those from energy markets or weather forecasts.
The artificial intelligence engine developed allows manufacturers to reduce their energy consumption and improve their environmental footprint.
The company works in all sectors of industrial activities, including mining, steel, paper, glass, chemicals, automotive, food & beverage and is active in about ten countries and has six operational centres in Europe, Latin America, Asia and the Middle East.