METRON raises €8M Series A funding: 5 strong reasons why French smart energy scaleup is growing rapidly

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Summary

METRON, the French deep tech scaleup which uses artificial intelligence to develop an innovative energy platform for industry, has recently completed a new round of 8 million fundraising.The fundraising includes commitments from BNP Paribas, Financi\xe8re Fonds Priv\xe9s, which enables private investors to invest directly in high potential companies, and existing shareholder, Breed Reply, a leading active operational investor in the early-stage Internet of Things businesses. The funds will enable METRON to accelerate its international growth and the further development of its AI-based energy optimisation solutions.

$ Funding

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Amount $9.2M Total raised
Date October 19, 2018 Announcement date
Investors - Lead investors
Company https://www.metronlab.com/ Funded company

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