What started as a small company in Mons, Belgium, has grown into a global industrial technology leader. I-care has raised €20 million in a mix of fundraising and refinancing, pushing its valuation to €1 billion. This makes it Belgium’s first tech unicorn of 2026.
Unlike many high-profile funding rounds, this one was reserved for existing shareholders and employees. That shows strong internal confidence in the company’s future, rather than a need to attract outside attention.
Strengthening before going public
Last year, I-care decided to delay its IPO. Instead of rushing to list on the stock market, the company chose to strengthen its balance sheet and focus on growth. This fresh funding helps I-care prepare for its next phase—scaling operations, winning more customers, and improving execution.
The move reflects confidence in long-term demand for predictive maintenance and industrial reliability solutions.
A global company with Belgian roots
Founded in 2004 by Fabrice Brion, I-care has grown steadily over two decades. Today, it has:
- 1,000+ employees
- 36 offices
- Presence in 16 countries
- Customers in over 55 markets
Its teams operate across Europe, the US, and Asia-Pacific, helping large industrial companies keep their machines running smoothly.
Stopping breakdowns before they happen
I-care’s success comes from one clear focus: predicting equipment failure before it causes damage.
The company monitors hundreds of thousands of machines worldwide using its Wi-care™ vibration sensors. These sensors send real-time data to I-see™, I-care’s analytics platform.
What makes I-see™ powerful is that it:
- Combines multiple predictive maintenance techniques
- Works with other industrial systems via an open API
- Gives early warnings—sometimes months in advance
For factories and heavy industries, this means fewer shutdowns, lower costs, and safer operations.
Looking ahead
With a €1B valuation, global reach, and proven technology, I-care is positioning itself as a core infrastructure player for modern industry, not just a service provider.
Whether or not it returns to IPO plans soon, one thing is clear: I-care is building long-term value by helping industries move from reactive repairs to smart, predictive maintenance.
You might like
Reliance Industries Clarifies No Russian Oil Received at Jamnagar Refinery