Overview
Founded by Fabrice Brion and headquartered in Mons in the Wallonia region, I-care has grown into a significant player in the industrial AI and condition monitoring space. The company combines hardware sensors, edge computing, and machine learning to monitor rotating machinery, electrical systems, and industrial equipment in real time.
I-care serves sectors including energy, petrochemicals, paper, and metals. With over 1000 employees, reported revenues exceeding EUR 100M, and an order book over EUR 200M, the company became Belgium's second Walloon Unicorn in December 2025 after closing a EUR 20M fundraising and refinancing round reserved for existing shareholders and employees, valuing the company at approximately EUR 1B.
The company is a notable example of deep-tech industrialization in Wallonia, an often overlooked part of the Belgian ecosystem relative to the more visible Ghent and Brussels scenes.
Funding & milestones
5 events found for I-care · 2022–2026
Venture roundVenture / equity1 sourceEUR 40M
Reported amount EUR 40,000,000
Company announces EUR 50m total including EUR 10m employees invested months earlier; incremental EUR 40m is calculated by subtraction.
InvestorsBanque CPHIMBCSRIWAmerigo FundFunding eventType unspecifiedDetailsAmount not disclosed
Source not attached to this recordDeal recordFunding eventType unspecifiedDetailsEUR 20M
Reported amount EUR 20,000,000
Source not attached to this recordDeal recordMixed financing2 sourcesAmount not disclosed
Company reports EUR 20m combined fundraising and refinancing for existing shareholders and employees; fresh-capital portion is not disclosed.
AcquisitionDetailsAmount not disclosed
Source not attached to this recordDeal record
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Key people
In the news
- Fabrice Brion (I-care) na uitzonderlijk 2025: ‘Het hele bedrijf kreeg een flinke morele boost’Hij rekende op een overgansjaar, maar toch is 2026 weer bijzonder druk voor Fabrice Brion, CEO en medeoprichter van I-care. Er was een overname in Frankrijk, en hij maakt volop gebruik van zijn verkiezing als Manager de l’Année 2025 door Trends-Tendances. "De impact daarvan is veel groter dan ik had verwacht." The post Fabrice Brion (I-care) na uitzonderlijk 2025: ‘Het hele bedrijf kreeg een flinke morele boost’ appeared first on Trends.be.
Trends · 30 Aug 2026
- Une acquisition stratégique pour la licorne montoise I-care Group, qui rachète les Français de Amiral Technologies et se positionne sur le marché de la défense 🦄🤖 Un article à découvrir dans L'Echo, Xavier Attout - Valentin Bianchi / Hans Lucas Agency 📰👉 https://lnkd.in/ev5KmKCF #provocateursdepossibles
- I-Care s’ouvre à la Défense en rachetant Amiral TechnologiesNouvelle acquisition pour le leader mondial de la maintenance prédictive. La licorne montoise vient de reprendre un acteur français spécialisé dans le secteur de la Défense, de quoi lui offrir de nouvelles perspectives.
L'Echo Entreprises · 28 Aug 2026
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