Icebreaker.vc invests €800,000 to FleetBrains
FleetBrains, an Estonian AI startup focused on optimizing automotive inventory management, has started its operations and secured €800,000 in funding from Icebreaker.vc. The investment will help the company to build and expand its AI-driven solutions that address critical challenges in the automotive industry.
Founded by Martin Piirmaa, Rutmar Silde (an AI expert with 10 years of experience), and Tauno Laja (ex-Bolt Drive), FleetBrains has developed a platform that uses artificial intelligence to transform how automotive businesses manage their vehicle inventories and fleet operations.
“Our solution forecasts in real-time when, which, and at what price companies can most profitably buy or sell vehicles to maximize profits. The system identifies model versions or configurations in higher demand in the market and flags vehicles at risk of remaining unsold in warehouses,” explained Martin Piirmaa.
According to Piirmaa, FleetBrains has already analyzed nearly 300,000 vehicle sales transactions worth approximately €10B, which now allows it to make highly accurate market forecasts.
The investment from Icebreaker.vc will help to solidify the initial success. As part of its growth strategy, FleetBrains will also begin collaborating with the University of Tartu‘s Institute of Computer Science starting next month, further enhancing its AI capabilities and research efforts. Estonia, which has been recognized as Europe’s best AI ecosystem, offers an ideal environment for leveraging academic research and industry expertise.
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