Wiremind, a Paris company that makes revenue management and ticket distribution software for transport operators, raised €35m (about $39.2m) in its first outside funding round, it announced on 6 October 2026.
The money came from IronWave, the growth investor formerly known as Wendel Growth, Bpifrance through its Large Venture fund, and the Spanish firm Seaya Andromeda. Wiremind did not name a lead investor; the database Dealroom described Seaya Andromeda as leading the round.
Co-founders Colin Girault-Matz, the chief executive, and Charles Pierre, the chief technology officer, remain majority shareholders and keep control of the company. No valuation was disclosed.
“We don't just add an AI layer to an existing product.”Charles Pierre, CTO and Co-founder, Wiremind
What Wiremind does
Girault-Matz and Pierre met in 2012 in the revenue management department of the French rail operator SNCF and founded Wiremind in 2014. The company had financed itself until this round and says it is profitable.
Its main product, Cayzn, is a revenue management system for passenger transport operators that sets prices and allocates capacity. Wiremind says it is used by more than 20 operators, including SNCF, Trenitalia and Eurostar, and that customers see average revenue gains of 5% to 15%. Cayzn's annual recurring revenue grew 81% in 2025, according to the company.
Wiremind also sells Paxone, an inventory and distribution system launched in 2023 and built on the OSDM rail ticketing standard. In 2025 France's transport directorate DGITM selected it for the national ticketing system for Intercités trains. A third product, Eventori, handles ticketing and pricing for sports clubs and event organisers; Wiremind said it grew 140% in 2025 and has more than 40 clients. The company also sells a suite of cargo software.
What the money is for
Wiremind said it will use the money for two things. The first is international growth: it already works with operators in Europe and North America, and plans to keep growing in South America and move into the Middle East and Asia-Pacific.
The second is research in machine learning and optimisation, including large language models in its pricing engine and user tools. Planned features include pricing recommendations that explain their reasoning, business rules written in plain language and automatically generated performance reports.
"We don't just add an AI layer to an existing product," Pierre said in the announcement. Girault-Matz said the company was speeding up its work because of how quickly the market is adopting AI tools.
Growth and investors
Wiremind said its revenue grew 67% in 2025 and that it signed 23 new clients that year, taking its total to more than 80. It did not disclose revenue in absolute terms.
Victoire Laurenty, founder and general partner at IronWave, said in the release that the founders had built their systems over twelve years without outside capital. Pablo Pedrejón, a partner at Seaya Andromeda, said the company was now expanding worldwide, including in Iberia and Latin America, where his firm has backed founders for thirteen years. Adrien Neel, investment director at Bpifrance Large Venture, also commented on the deal.
Company website: wiremind.io