Carbon Accounting Management Platform Benchmark…
Studio, the investment arm of Sia Partners, has selected Teeptrak as its latest investment project, participating in a €5 million funding round alongside the European impact fund SHIFT Invest and existing investors, Xange and EDF.
TEEPTRAK is the European leader in industrial performance monitoring and a pioneer in connectivity and data analytics for production equipment. This funding will allow TEEPTRAK to strengthen its presence in the American and Asian markets, responding to growing demand for its industrial performance monitoring and optimization solutions. By the end of the year, TEEPTRAK will open an office in Chicago and expand its subsidiary in Shenzhen, with the goal of hiring around 100 new employees over the next three years. The company also aims to expand its reach in Europe by opening offices in highly industrialized countries to provide local support to its clients.
TEEPTRAK is a trusted partner for manufacturers looking to improve their performance in a measurable way, often achieving productivity gains of 5-30%. With robust, sustainable solutions perfectly aligned with the reliability and performance demands of the manufacturing sector, TEEPTRAK provides companies with the tools to increase output, reduce costs, and maximize efficiency.
Designed and assembled in France, TEEPTRAK’s solutions feature components specifically designed to meet the requirements of industrial environments. With full control over the hardware, TEEPTRAK delivers cutting-edge technologies that enable manufacturers to monitor and optimize production in real-time, ensuring reliability and performance.
With over 120 industrial clients in 30 countries and nearly 2,500 connected production lines or equipment, TEEPTRAK is a recognized leader in industrial performance monitoring. Its multilingual platform, available in 20 languages, gives manufacturers instant access to valuable performance data and enables continuous improvement through corrective actions.
Additionally, TEEPTRAK offers a standalone Machine Learning platform that utilizes advanced AI algorithms to leverage data collected through its solutions, as well as customer-specific data, independently. This AI platform provides manufacturers with tailored analysis and forecasting capabilities, maximizing operational efficiency and continuous process optimization. Two algorithms are available: anomaly detection and process optimization.
With this new funding, TEEPTRAK is positioned to become a global player in Industry 4.0, with rapid expansion planned in strategic regions and a continued commitment to innovation in service of industrial companies. This momentum enables TEEPTRAK to meet the growing demands for digitization, performance, and sustainability in the manufacturing sector.
"This is the first time that TEEPTRAK, now profitable and experiencing strong growth, has had such significant resources to increase awareness of its products and accelerate its development. This is a great opportunity for the company, its employees, our clients, and the environment. SHIFT Invest’s entry as a shareholder confirms the strong environmental impact of large-scale industrial performance improvement." François Coulloudon, CEO
Through this investment, Sia Partners has identified several high-potential synergies that align directly with the group’s global industrial sector development strategy. TEEPTRAK will naturally integrate with Sia Partners' expertise in operational performance, digital continuity, and data strategy for industrial sites, with the goal of boosting performance, achieving energy savings, and reducing costs. Sia Partners aims to fully integrate TEEPTRAK into its offerings, providing clients with tangible, measurable gains and tailor-made solutions. Furthermore, the geographic expansion plan is perfectly aligned: Europe, as a shared base for growth, the United States, where Sia Partners teams can collaborate with TEEPTRAK, particularly in the pharmaceutical sector, and China, a strategic market, with Sia partners having opened an office in Shanghai in 2024, to jointly tackle go-to-market challenges in this region.