Ardian has acquired a minority stake in Wintics, a French AI-powered solution for augmented infrastructure. No financial terms were disclosed.
Paris, September 8, 2020 – Ardian, a world leading private investment house, and Wintics, a French AI solution for smart cities today announce that Ardian, along with a group of business angels, has acquired a minority stake in Wintics, in July 2020.
Founded in 2017, Wintics uses deep learning algorithms to gather data from fixed cameras installed on roads, buildings and elsewhere in cities. Wintics’ technology notably provides a powerful solution to optimize traffic management, thus reducing congestion and pollution and to monitor and integrate efficiently soft mobility solutions in cities.
The technology enables Wintics to provide strategic and actionable insights for mobility operators and public authorities. Wintics’ insights support operators to better manage infrastructures, safely and efficiently.
Led by an experienced and cohesive team, Wintics operates in a booming market as the ability to optimize mobility and infrastructure assets, manage congestion and improve public safety is becoming increasingly important to infrastructure providers and authorities.
Wintics launched its fundraising process in the spring of 2020 with the aim to scale its technology and accelerate its development in France and internationally.
Quentin Barenne, Co-Founder of Wintics, said: “We are thrilled about our partnership with Ardian. Working with Mathias and the team throughout the process, it was clear that our excitement for innovation and data is shared. We are particularly pleased about the opportunities this opens up for Wintics’ next stage of growth and the strides this will enable across our R&D activities – ultimately allowing us to continue to support the development of smarter cities and roads.”
Mathias Burghardt, Head of Ardian Infrastructure and Member of the Executive Committee of Ardian, commented: “Entrepreneurship is in Ardian’s DNA, and by investing in Wintics we are proud to support French innovation and contribute to the country’s smart cities technology ecosystem. We have been consistently impressed by what Wintics’ technology has to offer and by the know-how and leadership demonstrated by its founders. We look forward to supporting Wintics’ development and intend to leverage our partnership to create strategic synergies with our portfolio companies. Wintics’ technology is indeed an essential brick in our vision of Augmented Infrastructures.”
Wintics is an innovative software company specialized in intelligent video analysis for mobility operators. By leveraging the latest AI innovations, its software automatically extracts insightful data from any camera and offers the best video analysis applications for its clients (traffic analysis, bicycle lanes monitoring, crossroads management, car-pooling detection, tolling systems, crowd analysis in public transportation).
This software is the result of continuous R&D efforts combined with the feedback from its customers. The data produced is highly valuable and helps infrastructure managers make informed decisions for their mobility and smart city projects.
Ardian is a world-leading private investment house with assets of US$100bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 690 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.