Helsinki-based firm Icebreaker.vc has invested €800,000 in Estonian startup FleetBrains to support the development and expansion of its AI-driven solutions for the automotive industry, EstVCA reports.
About FleetBrains
- The automotive industry oftentimes faces challenges with excess inventory and slow fleet sales. FleetBrains provides a unified solution to address just an issue by combining inventory optimization, predictive forecasting, and seamless integrations.
- FleetBrains, a platform that leverages AI to optimize automotive business vehicle inventory and fleet management, was founded by Martin Piirmaa, AI expert Rutmar Silde, and Tauno Laja, formerly of Bolt Drive, back in 2024.
- The company's platform has analyzed nearly 300,000 vehicle sales transactions, valued at approximately €10B, enabling it to generate highly accurate market predictions.
“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,” says Martin Piirmaa, FleetBrains co-founder.
Investment details
The €800,000 pre-seed round was led by Icebreaker.vc, a Finnish early-stage VC that backs idea-stage ambitious teams with deep domain knowledge, building globally competitive tech companies. Its ticket size ranges between €150,000 and €800,000.
Icebreaker.vc's portfolio includes such startups: reconfigured, Hoxhunt, Helppy, Alvin, ReOrbit, Apiable, Aibidia, and much more.
The funding will be used to further developer the solution for the automotive industry. To further enhance its AI capabilities and research efforts, FleetBrains will begin collaborating with the University of Tartu's Institute of Computer Science.
