InspectRail, a spin-off of the CEIT technology center and participant in Basque Tek Ventures, develops and commercializes onboard inspection solutions to evaluate the health of railway infrastructure. Its systems can be embarked on any rail vehicle and monitor track, catenary, wireless communications and the surrounding environment to provide an integrated view of network condition. The company emphasizes frequent data collection at contained cost to support more precise, continuous knowledge of the infrastructure and to optimize management, operation and maintenance. InspectRail positions its technology to address infrastructure-related disruptions—the article cites that 24% of incidents cause delays and 60% are linked to infrastructure problems. The €330k pre-seed capital increase will be used to develop and validate new inspection systems and to support commercial development. InspectRail plans to consolidate in the railway market, expand its product and service portfolio, and accelerate growth to improve efficiency and safety in rail transport globally.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024